The latest report by IMARC Group, titled “Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global packaging machinery market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global packaging machinery market reached a value of US$ 50.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.6 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027. Packaging machinery represents the devices that are used for packing several products and components. It includes process operations, such as fabrication, filling, combining, labeling, sealing, cleaning, palletizing, etc. Packaging machinery ensures the safety of packaged goods by protecting them against biological contamination. Furthermore, it aids in product differentiation and enhances the overall appearance of the products while extending their shelf life. Consequently, packaging machinery finds wide-ranging applications across numerous sectors, such as pharmaceutical, personal care, chemical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Global Packaging Machinery Market Trends:
The increasing product utilization for enhancing the appearance of fast-moving consumer goods (FMCG), such as over-the-counter pharmaceuticals, cosmetics, processed foods and beverages, etc., is primarily driving the packaging machinery market. Additionally, the inflating need for automating various processes, including bagging, packing, bottling, sealing, unpacking, lidding, inspecting, wrapping, labeling, encoding, palletizing, etc., is further catalyzing the market growth. Besides this, the rising adoption of energy-efficient packaging machinery is acting as another significant growth-inducing factor. Moreover, the escalating demand for convenient packaging solutions to protect the products from physical damage, biological contamination, degradation, and counterfeiting in an efficient manner is also positively influencing the global market. Apart from this, numerous leading manufacturers are engaging in mergers and acquisition (M&A) activities for improving the efficiency of their existing production facilities, which is anticipated to fuel the packaging machinery market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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