The global packaging machinery market, valued at $43.52 billion in 2020, is projected to reach $69.22 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030. Packaging machinery encompasses functions like canning, filling, sealing, labeling, palletizing, and wrapping, serving industries such as food & beverages, pharmaceuticals, cosmetics, and chemicals.
Market growth is driven by rising consumer goods demand, adoption of automated and energy-efficient ... morePackaging Machinery Market Summary
The global packaging machinery market, valued at $43.52 billion in 2020, is projected to reach $69.22 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030. Packaging machinery encompasses functions like canning, filling, sealing, labeling, palletizing, and wrapping, serving industries such as food & beverages, pharmaceuticals, cosmetics, and chemicals.
Market growth is driven by rising consumer goods demand, adoption of automated and energy-efficient machines, and increased use of packaging robots. Automated systems complete tasks in minutes, enhancing efficiency and product safety across supply chains. The e-commerce sector’s need for fast delivery has spurred innovations, with solutions like Kiva Systems’ robots increasing work efficiency by two to three times. The consumer goods sector, fueled by demand for convenient packaging, also drives growth, as packaging plays a key role in product differentiation.
Industry 4.0 and IoT reduce costs by improving machine operation and maintenance, while standards like PackML and OPC UA enhance equipment effectiveness. The market is segmented by type (filling, form-fill-seal, cartoning, palletizing, labeling, wrapping, cleaning & sterilizing machines), business (OEM, aftermarket), end user, and region. Food & beverages led in 2020, with LAMEA as the fastest-growing region due to rising disposable incomes and urbanization.
The COVID-19 pandemic disrupted operations, but recovery is expected. Key players like Aetna Group, Bosch, and Syntegon Technology adopt strategies like product launches and expansions. For instance, Syntegon’s 2019 automated flow wrapper enhanced efficiency. Asia-Pacific dominated in 2019 and is expected to grow significantly, driven by industrial and e-commerce growth.
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