Packaging Machinery Market: By Analytics (Filling and Packing, Cartoning machines, Tempering, Labelling and printing, Palletising machines, Wrapping machines, Cleaning and Sterilizing machines); By End Users (Retail and E commerce, F&B, Cosmetics, Pharmaceuticals and Chemical), & By Geography - Forecast (2019-2025)

Report Code : AIR 0262 Format Type: PDF+ Excel Database

Packaging Machinery Market Overview:

According to the Food and Agriculture Organization of the United Nations (FAO), one-third of the food produced in the world (or 1.3 billion tons) gets wasted. Furthermore, these food losses amount to the loss of a whopping $680 billion in developed countries and $310 billion in the developing countries[1].  To ameliorate this situation, food preservation or using packaged food has become an absolute necessity, which, in turn, is propelling the packaging machinery market which had a global market size of $39 billion to $40 billion according to the market research report by IndustryARC’s analyst. Moreover, the analyst estimates the packaging machinery market growth to be 4% to 5% over the course of forecast period 2019-2025. 

China is the leading manufacturer of affordable consumer electronics that include mobile phones, tablets, and other gadgets. More countries in the APAC region such as India, Taiwan, and others are also making strides in the consumer electronics market. Now, these gadgets need packaging cartons which makes up for a remarkable demand for packaging machinery. There are other factors such as the domination of E-Commerce, considerable surge in industrialization and the seismic shift in the food packaging industry that are driving the packaging machinery market in APAC which bears 30% to 35% market share according to IndustryARC’s analyst. 

Packaging Machinery Market Outlook:

A packaging machinery makes primary packages and then converts it into distribution packs through fabrication, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing, and it also requires heat sealers. There is a gamut of packaging machinery such as blister packs, skin packs, and vacuum packaging machines that find applications in various sectors such as F&B, pharmaceuticals & chemicals, cosmetics, and E-Commerce, and retail. Owing to the growing demand for packaged food and beverages, packaging machinery has major applications in F&B which will grow at a CAGR of 4% to 6% according to the estimation by IndustryARC’s analyst. 



Packaging Machinery Market Growth Drivers:

  • The Growth of E-Commerce Sector – 
The E-commerce sector has observed an explosive growth in the past decade, and its market size is only going to escalate. According to the World Bank; China, India, Indonesia, and some other APAC countries are leading in the E-Commerce sector. Furthermore, Forbes has come up with statistics that the sales of the US E-Commerce grew by 16% in 2018 which translates to $453 billion. Now, this attributes to an enormous amount of goods ordered online which requires packaging cartons and wrappers. This further propels the packaging machinery market growth. 

  • The Sustainable Demand for Packaging from Pharmaceutical Industries –
The pharmaceutical industry is constantly growing with the global pharmaceutical market to reach $1,430 billion by 2020 according to the International Federation of Pharmaceutical Manufacturers and Association[2].  This means that there will be constant production of medicines and drugs in pharmaceutical industries across the globe. Now, these medicines need sophisticated packaging which further flourishes the packaging machinery market. 

  • The Need for Packaging In Cosmetics Coupled With Disposable Income Growth – 
The Organization for Economic Co-operation and Development (OECD) estimates that the household disposable income will grow from 1% to as much as 5.5% in most of the developed countries[3].  Additionally, disposable income is also growing in developing companies. Now, people with disposable income spend a lot of cosmetics, and they are willing to pay for branded products that have attractive packaging. This is one of the game-changing factors that is driving the packaging machinery market growth. 

Packaging Machinery Market Challenges:

The major challenges in packaging machinery market are rapid changes in technology and the expenditure on human resources. However, automation is gradually penetrating the packaging machinery sector and subsequently minimizing the cost of human resources. Moreover, the manufacturers are adapting to the new technologies to sustain their market share. 

Packaging Machinery Market Key Players Perspective: 

Fuji Machinery Company, Bosch Packaging Machinery, Coesia SpA, Krones AG, CKD Group, Barry-Wehmiller Companies, Inc., Bradman Lake Group, and Adelphi Packaging are some key players in the packaging machinery market. 

Packaging Machinery Market Trends –
  • RND Automation acquired MDC packaging machinery in February 2018. As a reason for the acquisition, RND Automation had mentioned the vision to provide better packaging equipment to MDC’s customers, thereby meeting the demand for the same.
  • In June 2018, HQ Equita formed “The Packaging Group” by acquiring two of the leading packaging machinery manufacturers FAWEMA and HDG
  • In December 2018, KHS USA acquired Scandia Packaging Machinery in order to expand its portfolio by including compact cartoners and secondary packaging machines. 


Packaging Machinery Market Research Scope: 

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the packaging machinery market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of packaging machinery market, and their specific applications in F&B, pharmaceuticals & chemicals, cosmetics, and E-Commerce, retail, and other sectors.

Packaging Machinery Market Report: Industry Coverage 

The report analyses the product demands on the bases of analytics – Filling and packing, cartooning machines, tempering, labeling and printing, palletizing machines, wrapping machines, cleaning, and sterilizing machines. 

The packaging machinery market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Reference:

[1] http://www.fao.org/save-food/resources/keyfindings/en/
[2] https://www.ifpma.org/wp-content/uploads/2017/02/IFPMA-Facts-And-Figures-2017.pdf
[3] https://data.oecd.org/hha/household-disposable-income.htm

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