Global Packaging Machinery (Filling, Labeling, Form-Filling-Sealing) Market Size, Share and Trend Analysis Report 2021-2028

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DUBLIN, October 28, 2021– (COMMERCIAL THREAD)–The Packaging Machinery Market Size, Share and Trend Analysis Report by Machine Type (Filling, Labeling, Form-Fill-Seal), by End Use (Food, Beverage, Pharmaceutical), by region and segment forecast, 2021-2028 “ report was added to ResearchAndMarkets.com offer.

The global packaging machinery market size is expected to reach USD 59.24 billion by 2028 and is expected to increase at a CAGR of 4.1% from 2021 to 2028.

Rising demand for packaged food and beverage, coupled with the growth of pharmaceutical and personal care industries, is expected to drive the demand for packaging machinery during the forecast period.

The growing popularity of single-serve and smaller-portion bag formats has increased the demand for fast and efficient packaging machines. Moreover, with the consumer induced demand for a wide range of products in different packaging sizes and shapes, there is an increasing demand for flexible packaging machines capable of adapting to different packaging products and styles.

Consumers and retailers are increasingly demanding sustainable packaging styles, forcing machine manufacturers to work closely with material suppliers to test new materials and make necessary machine modifications. In addition, with the rapid evolution of retail packaging formats, the demand for faster and more flexible machines has increased.

The market is expected to grow in the coming years due to the increasing demand for personal and medical care products, such as hand sanitizers, soaps, face masks and gloves, despite the disruption in the supply chain. supply caused by COVID-19. pandemic. Additionally, closures and movement restrictions have further increased demand for packaged food.

Highlights of the Packaging Machinery Market Report

  • By machine type, form-fill-seal segment is expected to grow at the fastest CAGR of 5.2% during the forecast period owing to the growing popularity of flexible packaging coupled with the growing demand for packaging in individual servings and in small portions.

  • The food end-use segment accounted for the largest share of over 35.0% in 2020 due to the increasing demand for packaged food products attributed to changing lifestyles, increasing disposable income and the growing middle class population.

  • The North American market is expected to grow at a CAGR of 3.2% from 2021 to 2028 owing to the growing demand for highly automated and integrated machinery coupled with favorable packaging and labeling regulations in the region.

  • The Chinese market is expected to grow at a CAGR of 5.3% during the forecast period owing to the growing emphasis on improving productivity coupled with favorable government policies focused on technology and upgrades. machines.

  • In June 2020, Hugo Beck Maschinen bau GmbH & Co. KG. launched two machines, namely PB 800 E-Com and flexo 700 E-Com, which are explicitly designed to meet the demand for packaging for e-commerce.

Companies mentioned

  • KHS Group

  • SIG Combibloc SA Group

  • Tetra Laval International SA

  • Krones SA

  • IMA Industria Macchine Automatiche SpA

  • Syntegon Technology GmbH

  • ProMach

  • GEA Aktiengesellschaft Group

  • Sacmi

  • Bradman Lake Ltd.

  • ROVEMA GmbH

  • Douglas Machine Inc.

  • Coesia SpA

  • Maillis Group

  • Before

For more information on this report, visit https://www.researchandmarkets.com/r/panj5m

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211028005975/en/

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