Packaging Equipment Market Size - By Product (Fillers, FFS, Capping, Labeling, Coding, Palletizing), By Application (Food & Beverage, Pharmaceutical, Chemical, Personal Care, Mechanical hardware & Products) & Forecast, 2021 - 2027

Packaging Equipment Market Size - By Product (Fillers, FFS, Capping, Labeling, Coding, Palletizing), By Application (Food & Beverage, Pharmaceutical, Chemical, Personal Care, Mechanical hardware & Products) & Forecast, 2021 - 2027

Packaging Equipment Market Size

Packaging Equipment Market Size exceeded USD 35 billion in 2020 and is projected to expand at over 4% CAGR from 2021 to 2027. The market growth is attributed to the rising demand for automation in the packaging area.

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Manufacturers are focusing on adding modern robotic solutions integrated with AI, machine learning & advanced algorithm across the existing conveyor belts to reduce packaging errors. Cam Industrial & Remtech Systems is developing a tailor-made autonomous packaging solution to replace the present packaging process. It eliminates the need to handle sealing bags & manually count the samosas, thus increasing department efficiency. The solution will support the company in increasing its production capacity to cater to a large set of customers in the market.

The coronavirus pandemic has slightly affected the global market. The sudden occurrence of the virus has encouraged government authorities to impose stringent lockdown norms & social distancing practices. The introduction of travel regulations has shifted consumer attention toward packaged foods & beverages for daily meals.

In addition, the spread of the virus among factory workers has created labor shortage challenges for manufacturers & production houses, impacting the productivity of packaging activities. This factor has encouraged the deployment of advanced packaging equipment to meet the industry demand. The increase in adoption will support packaging equipment growth in the coming years.
 

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Packaging Equipment Market Analysis

The U.S. packaging equipment market is expected to witness 4% growth rate through 2027 led by the technology innovations in the product range. Players in the domain, such as Fuji Machinery Co., Ltd., Norden Machinery, and Krone AG, are emphasizing on developing their product offerings to build a differentiated market positioning to cater to a large set of customer base. This factor has encouraged enterprises to launch new machinery to increase the productivity of the packaging area.

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In Germany, market is poised to expand at more than 5% CAGR till 2027 owing to the growing export from the pharmaceutical sector. Technological advancements & strong manufacturing capabilities of the country aid it to supply the product to other countries such as Argentina, Belarus & Chile. Rising export of the product will increase packaging equipment demand in the country to meet the market demand.

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Asia Pacific packaging equipment market is estimated to attain a CAGR of over 6% during 2021 to 2027 due to the rising e-commerce industry. The COVID-19 pandemic resulted in the imposition of travel restrictions & lockdown regulations, which shifted the consumer focus toward online platforms for shopping groceries, electronics, medicines, clothing, cooking staples & home essentials products. According to the National Investment Promotion & Facilitation Agency, the Indian e-commerce market is predicted to be worth around USD 55 billion in gross merchandise value by the end of 2021.

In addition, the Government of India authorized 100% Foreign Direct Investment (FDI) under automatic route in B2B e-commerce and the marketplace business model. The growing support from governing bodies & customer shift toward online shopping platforms will foster the packaging industry expansion to maintain the supply-to-demand ratio.

Packaging Equipment Market Share

Key players operating in the market include

• Graphic Packaging Holding
• SIG Combibloc Group Ltd
• GEA Group
• I.M.A Group
• Salzgitter AG
• OPTIMA Packaging Group GmbH
• SACMI Imola SC
• FUJI MACHINERY Co., Ltd
• CKD Corporation
• Langley Holdings Plc
• Douglas Machine Inc
• Marchesini Group
• Syntegon Technology GmbH
• Barry-Wehmiller Group Inc.

Industry leaders are focusing on strengthening their market position through strategic acquisitions to cater to the growing market demand.

The packaging equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments

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Market, By Product

• Fillers
  • Liquid type
  • Powder & granulated filling
  • Bottle filling
• FFS
  • Vertical
  • Horizontal
• Capping
  • Screw capping
  • Vial coating
  • ROPP cappers
  • Others
• Labeling
  • Wet glue
  • Self-adhesives
  • Rotary sticker
• Coding
  • Wet ink system
  • Inkjet system
  • Laser system
  • Hot stamp
  • Thermal transfer
• Palletizing
• Others

Market, By Application

• Food & beverage
• Pharmaceutical
• Chemical
• Personal care
• Mechanical hardware & products
• Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa