The Packaging Machinery Market is forecast to reach $40 billion by 2025, growing at a CAGR of 5% during 2019-2025. The packaging machinery market is likely to witness a strong growth from e-commerce sector as the industry experienced a Y-o-Y growth of 11.32% from 2017. Similarly, the changing customer preferences from using plastic based packaging to environmental friendly packaging is anticipated to drive the market for new packaging machinery during 2019-2025. Many end users are replacing their older machine with the new packaging machine which can process biodegradable materials. Similarly, the surging demand for packaged and processed food is likely to increasing the demand for packaging machinery in food and beverages sector.Key Takeaways
The growing ecommerce sector and the shifting trends towards consumption of the packaged food in developing and developed countries will increase the demand for packaging machinery.
Increased usage of automation in the packaging industry and rise in global market for of the consumer goods are major factors impacting growth of the packaging machinery market.
Continuous developments in the e-commerce business is leading to significant growth in the packaging machinery market.
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Packaging Machinery Market Segment Analysis - By Geography
APAC holds the largest market share, and registered around 35% of the global share in 2018, owing to large number of packaging machinery installed in consumer electronics manufacturing industry. Further, countries like China, Japan, Taiwan, and India is expected to provide faster growth for packaging machinery due to growing consumer electronics production during forecast period 2019-2025. For instance, in 2018, China holds approximately 37%-39% of overall global consumer electronics production which is 2%-3% higher as compared to 2012. Similarly, the export of consumer electronics product from China has been increased to 24% in 2018. The increasing manufacturing of the consumer electronics such as phones, tablets, and other gadgets need packaging cartons which contribute significantly to demand for packaging machinery in the APAC region.
Packaging Machinery Market Drivers
Adoption of Advanced Control Software
Increasing need for the special packaging machinery in cosmetic industry
Major players in the Packaging machinery market includes Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company and others.
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