Showing posts with label Global Packaging Machinery Market. Show all posts
Showing posts with label Global Packaging Machinery Market. Show all posts

Tuesday, December 13, 2022

Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period 2022-2028: Ken Research

Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It plays a significant role in ensuring the safety of products and providing temper resistance packaging and facilitating the packaging of small sachets to big cartoons.

It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

According to Ken Research Analysis, the Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 63 billion by 2028, owing to the increasing demand for consumer goods along with rising popularity of e-commerce platform to shop different products.

Global Packaging Machinery Market

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Growing Innovations and Advancements in Technology are some of the factors driving the market growth.

  • The growing demand for highly efficient packaging machines among end-user industries coupled with advancements in technologies such as robots, automation, and others to scale up the business efficiently, is likely to propel the growth of the market.
  • The rising demand for packaged food and beverages products along with increasing consumer spending on pharmaceutical and personal care products is expected to boost the demand for packaging and packaging machinery among end-users.

The Global Packaging Machinery Market faces challenges due to the Requirement for High Initial Investment

  • Advanced technology and automated packaging machines are highly expensive and require high initial investment which makes it difficult for small and medium-sized manufacturers to afford the packaging machinery, which may slow down market growth.

The COVID-19 pandemic negatively impacted the Packaging Machinery market initially due to the imposed lockdown, the demand and supply for packaging machinery got impacted. International packaging machine deliveries were delayed to curb the pandemic situation. In addition, COVID-19 affected consumer shopping at convenience and retail stores and also impacted the E-commerce sector due to which the demand for packaging and packaging machinery declined.

Key Trends by Market Segment:

By Machine Type:  Filling segment held the largest share of the Global Packaging Machinery Market in 2021, owing to the increasing demand for filling machines in various industries.

  • Filling machines are widely used to fill bottled water and other liquids, and are widely used in various end industries such as pharmaceuticals, food & beverages, chemicals, and others. The demand for different filling machines such as overflow filling machines, gravity filling machines, pump filling machines, piston filling machines, and others among end-users is anticipated to drive the growth of the segment in the market.

Global Packaging Machinery Market

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By Operations: Autonomous segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the growing demand for automated packaging machines among end-user industries to scale effectively while controlling the cost of operations.

  • The highly advanced autonomous packaging machinery offers various benefits including reduced labour cost, reduced damages, increased throughput and productivity, consistent packaging results, and others, which are attracting various end-users and are likely to boost the demand for the segment in the market.

By Technology: General Packaging segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to its simple operation and maintenance.

  • The demand for packaging various products including food & beverages, chemicals, personal care, and others efficiently in a shorter time is expected to propel the growth of the segment in the Global Packaging Machinery Market.

By End-User: Food and Beverages segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to surging demand for packaged food and beverages products as they are convenient and easy to carry.

  • Increased spending of consumers on packaged food products coupled with rising consumption of organic and healthy food items require special packaging, which in turn is expected to boost the demand for highly efficient packaging machineries.

Global Packaging Machinery Market

By Distribution Channel: Direct segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the personalized experience of purchasing packaging machinery directly from the manufacturer.

  • The direct distribution channel ensures that there is no delay in delivery and it also ensures the authenticity of the product, which is attracting the end-users. The aforementioned factor is likely to boost the growth of the segment in the market.

By Geography: Asia-Pacific region accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to the rising consumption of packaged products and rising consumer purchasing power.

  • The increase in investment in the manufacturing sector from developing countries like India, China, and others coupled with the expansion of the food and beverages industry is expected to boost the demand for packaging as well as packaging machinery.

Global Packaging Machinery Market

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Competitive Landscape

The Packaging Machinery Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Packaging Machinery.

Country-niche players comprise around 55% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Krones AG, Robert Bosch GmbH, Coesia, I.M.A. Industria Macchine Automatiche S.P.A., Langley Holdings plc, KHS Group, CKD Corporation, Barry-Wehmiller Companies, The Adelphi Group Of Companies, And Fuji Machinery Co.,Ltd., among others.

The leading global Packaging Machinery companies such as KHS Group, Coesia, Langley Holdings plc, and Krones AG are highly focused on strategic developments such as advanced feature packaging machine launches, joint ventures, acquisitions, partnerships, and others to grow in the market.

Global Packaging Machinery Market

Recent Developments Related to Major Players

  • In August 2022, KHS Group boosted its packaging line and equipment with the 3D planning method. The 3D software helps demonstrate to the customers how the new packaging equipment would fit in their current facility. The company aims to depict machinery in 3D to improve the planning process and expand its product portfolio.
  • In April 2022, Langley Holdings plc received “The Queen's Award for Enterprise” for their business division Bradman Lake Ltd, the group’s UK-based packaging machinery specialist. The Queen’s Award shows that the company is committed to new product innovation to meet the demand of fast moving consumer market.

Conclusion

The Global Packaging Machinery Market is forecasted to continue a moderate growth, primarily driven by the growing demand for Packaging Machinery in various industries such as food and beverages, pharmaceuticals, personal care, chemicals, and others. The increasing consumption of packaged goods coupled with the rising adoption of automated and advanced technology packaging machinery to efficiently pack products is anticipated to propel the growth of the Global Packaging Machinery Market. Though the market is highly competitive with over 200 participants, global players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by machine type, operations, technology, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Packaging Machinery Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Machine Type

  • Filling
  • Labeling
  • Form-Fill-Seal
  • Cartoning
  • Wrapping
  • Palletizing
  • Bottling Line

By Operations

  • Autonomous
  • Semi-Autonomous

By Technology

  • General Packaging
  • Modified Atmosphere Packaging
  • Vacuum Packaging

By End User

  • Food and Beverages
  • Pharmaceuticals
  • Personal Care
  • Industrial and Chemicals

By Distribution Channel

  • E-Commerce
  • Direct

By Geography

  • North America (USA, Canada, and Mexico)
  • Europe (Germany, UK, France, Spain, and Italy)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
  • LAMEA (Latin America, Middle East, and Africa)

Key Players

  • Krones AG
  • Robert Bosch Gmbh
  • Coesia
  • M.A. Industria Macchine Automatiche S.P.A.
  • Langley Holdings Plc
  • KHS Group
  • CKD Corporation
  • Barry-Wehmiller Companies
  • The Adelphi Group Of Companies
  • Fuji Machinery Co.,Ltd.

Wednesday, November 9, 2022

3 Key Insights on US$ 60 Bn Opportunity in Global Packaging Machinery Market: Ken Research

 Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increasing Demand for Efficient Packaging Machinery in Various Industries Encourage Market Growth

Packaging Machinery is widely adopted by manufacturers of various industries such as food & beverages, pharmaceuticals, personal care, and others to package goods. The increasing popularity of the e-commerce sector coupled with the rising penetration of the internet and online retailing in the different sectors is likely to boost the demand for packaging as well as packaging machinery. However, the requirement for high initial investment may impede the growth of the market.

The advancement in new technologies for packaging machinery to make it more efficient and environmentally friendly is creating immense opportunities for the growth of the Global Packaging Machinery Market.

According to Ken Research estimates, the Global Packaging Machinery Market – valued at around US$ 35 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is expected to grow to around US$ 60 Bn opportunity by 2028.

Global Packaging Machinery Market

2. Growing Popularity of the E-Commerce Sector is Driving the Market Growth

The change in consumer purchasing behaviour for goods such as food & beverages, medicines, nutraceuticals, chemicals, and others along with the wide adoption of e-commerce service due to its convenience is expected to boost the demand for packaging, which in turn increases the demand for packaging machinery among manufacturers. In addition, millennials and Gen-Z prefer purchasing products online as it offers convenience, discounts, price comparisons, and other advantages. The increase in demand for consumer goods and increased penetration of the internet in the industry is expected to boost the demand for packaging machinery to package goods efficiently and temper proof.

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The below graph depicts the penetration of online services in retail industry in India.

Global Packaging Machinery Market Size

3. Requirement for High Initial Investment in Packaging Machinery Pose the Most Significant Barrier to the Growth of the Market.

Automated and semi-automated packaging machines are highly expensive and difficult to afford for small and medium-scale manufacturers of any industry, which may hamper the growth of the market. Moreover, packaging machinery requires a lot of space to set up as they are huge and they need constant maintenance, which adds up to the cost of packaging machinery. The manual process for packaging is time-consuming and not feasible for any manufacturers. Thus, the requirement for a high amount of initial investment to purchase packaging machinery is expected to restrict the growth of the Global Packaging Machinery Market.

The below graph depicts the average cost for semi-automatic and automatic packaging machinery cost in US$.

Global Packaging Machinery Market Outlook

Key Topics Covered in the Report

  • Snapshot of the Global Packaging Machinery Market
  • Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market
  • Market size and Segmentation of the Global Packaging Machinery Market
  • Historic Growth of the Overall Global Packaging Machinery Market and Segments
  • Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall Global Packaging Machinery Market
  • Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments
  • Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
  • Analysis of the Packaging Machinery Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Production/Supply and Consumption/Demand Hubs in Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

  • Krones AG
  • Robert Bosch Gmbh
  • Coesia
  • M.A. Industria Macchine Automatiche S.P.A. 
  • Langley Holdings Plc
  • KHS Group
  • CKD Corporation
  • Barry-Wehmiller Companies
  • The Adelphi Group of Companies
  • Fuji Machinery Co.,Ltd.

Notable Emerging Companies Mentioned in the Report

  • Tetra Laval
  • Marchesini Group
  • Aetna Group
  • BERHALTER AG
  • Syntegon Technology GmbH
  • PAC Machinery
  • Multivac

For more information on the research report, refer to below link:

Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research