Packaging Machinery Market To Witness Widespread Expansion During 2019 - 2025

17/feb/2021 10:23:50 Grand View Research Contatta l'autore

The global packaging machinery market size is projected to be valued at USD 65.18 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% during the forecast period. Increasing total manufacturing output, especially in the developing industrial economies of the world coupled with growing demand and booming e-commerce industry is predicted to boost the market.

Growing demand from several Consumer Packaged Goods (CPG) manufacturers globally for highly sophisticated and efficient machinery at a competitive price is expected to boost the global packaging machine market by 2025. Moreover, rising demand for a wide variety of products as well as for different product sizes is expected to further boost the growth.

Increasing R&D investments by major players to manufacture machinery with overall equipment effectiveness is predicted to fuel the packaging machine market growth over the forecast timeframe. Growing demand for automation and machinery optimization by end-users as well as continued demand for complete packaging lines and modular machines is anticipated to encourage the market development in near future.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/packaging-machinery-market

In terms of machine type, filling machine type segment was valued at USD 6.67 billion in 2018 and is predicted to witness steady growth over the forecast period. In 2018, form-fill-seal machine type segment accounted for 16.37% of the global packaging machine market share. Growing popularity of flexible packaging coupled with trend towards small portions and single serve packages as well as changing consumer preferences is expected to foster the growth over the forecast period.

Further key findings from the report suggest:

·         The U.S. packaging machine market revenue is projected to register a CAGR of 9.2% over the forecast period. Several factors including customer preferences towards convenience foods coupled with the rapidly expanding e-commerce industry as well as various regulations with respect to serialization and traceability are projected to drive the growth

·         Russia, in terms of revenue, was valued at USD 3.25 billion and is projected to reach USD 4.35 billion over the forecast period. Its efforts towards gradually increasing local production especially in the food and pharmaceutical sector is likely to augment the regional demand

·         India is expected to reach USD 6.66 billion by 2025. In 2018, the country was among one of the largest markets in the region owing to the growing population, domestic consumption as well as huge investments taking place especially in the food, pharmaceutical, and personal care industries

·         In September 2018, Robert Bosch Packaging Technology agreed to form a partnership with ASPIRx Ltd. located in Ghana, to produce pharmaceuticals. The role of Bosch Packaging Technology in this partnership was to design and provide a multi-purpose system, which will manufacture and package both solid and liquid pharmaceuticals

·         In February 2019, ProMach, Inc. acquired Code Tech Corporation thus expanding its labeling and coding solutions portfolio

Grand View Research has segmented the global packaging machine market on the basis of machine type, end use, and region:

Packaging Machinery Machine Type Outlook (Revenue, USD Billion, 2015 - 2025)

·         Filling

·         Labeling

·         Form-Fill-Seal

·         Cartoning

·         Wrapping

·         Palletizing

·         Bottling Line

·         Others

Packaging Machinery End Use Outlook (Revenue, USD Billion, 2015 - 2025)

·         Beverage

·         Food

·         Chemicals

·         Personal Care

·         Pharmaceutical

·         Others

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl