Market Research Report
Global Packaging Equipment Market Size by Type, and by End User, and Regional Forecasts 2021-2027
|Published by||Bizwit Research & Consulting LLP||Product code||1009680|
Delivery time: 2-3 business days
|Global Packaging Equipment Market Size by Type, and by End User, and Regional Forecasts 2021-2027|
|Published: June 5, 2021||Content info:||
Global Packaging Equipment Market is valued approximately at USD 41.52 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2021-2027. Packaging equipment are machineries used for packaging products. It is used in packaging operations and processes such as fabrication, cleaning, filling, sealing, combining, labelling etc.
Increase in awareness about retaining product quality and sustainability is driving the growth of the market. The increased consumption of ready to eat food and rise in disposable income of consumers has increased the growth of the sector. But the governments have imposed certain rules and regulations for packaging and safety which slowdowns the growth of the sector. For instance, in its new packaging regulation, FSSAI laid down certain standards such as: - the paper and board material should be of uniform thickness and specific substance, the packaging shall be free from holes, blemishes, grease marks etc. Also, intelligent packaging requires high capital investment compared to traditional packaging machines which is a restraining factor. Technologies such as 3D printing intelligent packing, IoT, fully automatic machines are penetrating the market and giving opportunities to it. The 3D printing technology produces food products combined with packaging. For example, US company smart cups have a range of 3D printed 3D cups which produce energy drink when mixed with water because the ingredients are embedded in packaging.
By region the market for global packaging equipment is segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. European region holds the largest market share in 2020 and Germany being the fastest growing country in the region. The demand in the region is majorly driven by high pharmaceutical production and demand for pharmaceutical manufacturers and rising product diversification.
Major market player included in this report are
Aetna Group S.p.A.
B&H Manufacturing Company, Inc.
Barry-Wehmiller Companies, Inc.
Fuji Machinery Co., Ltd.
Langley Holdings plc
Robert Bosch GmbH
The Adelphi Group of Companies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Form, Fill and Seal (FFS) Machines
Cleaning & Sterilizing Machines
By End User:
Food and Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Packaging EquipmentMarket in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
a. Market Snapshot
List of figures