Global packaging machinery market analysis and insights

The global Packaging Machinery market estimated at US$58.23 billion in the year 2024 is now projected to grow at a CAGR of 5.25% and reach US$79.17 billion by 2030. The increasing demand for packaged food and beverages, coupled with the flourishing e-commerce industry, is expected to drive the demand for packaging machinery. The rising awareness regarding personal health and hygiene, coupled with the increased spending on pharmaceutical products, is anticipated to favor the market growth over the forecast period. Moreover, the COVID-19 pandemic is expected to accelerate the usage of sustainable packaging, thereby augmenting market growth.

The market for packaging machinery is customer-oriented and driven by the increased demand for a variety of products in different types and sizes of packages. Manufacturers in the end-use industries are adopting modular packaging machines that offer flexibility and quickly adapt to the changing packaging formats, along with complete packaging lines that incorporate multiple functions, such as filling, labeling, and closing from a single source.

Sustainability and rising environmental concerns have increased the demand for lightweight and thin-walled packaging to reduce the amount of material used for packaging. Thus, to facilitate these requirements, equipment manufacturers focus on the development of machines with improved functionality to maximize production speeds while accommodating more fragile and thinner packaging materials.

Automation within the packaging equipment offers various benefits, such as increased operability and flexibility of the equipment, coupled with a higher throughput rate. In line with the automation trend, the use of robotics offers many benefits, including a high throughput rate, better precision, consistency, and minimal scrap/waste. Thus, the incorporation of robotics has increased over the past decade and is expanding in various end-of-line processes.

packaging machinery market regional insights

North American packaging machinery market is expected to grow significantly over the 2024-2030 period. The significant demand for highly automated and integrated machines delivering increased efficiency and higher processing speeds with lower energy consumption is expected to drive the market in the region over the forecast period. U.S. contributed around 78% of the total North American packaging machinery market and is estimated to have a market value of US$14.28 billion in the year 2024. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 4.50% and 3.22% CAGRs respectively over the forecast period.

Asia-Pacific packaging machinery market is anticipated to witness an upsurge owing to the rapid industrialization and urbanization. The exponential population growth, increasing consumption of packaged goods, and the rise of m-commerce and e-commerce will further drive the regional market growth. China is expected to reach a market size of US$15.66 billion by 2030.

Within Europe, U.K., Germany, Italy and Spain are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 4.93% over the forecast period.

Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Gulf Cooperation Council nations such as Qatar, U.A.E, Saudi Arabia and Oman due to a similar growth pattern as the Asia Pacific.

Key players

Key players profiled in the report include Aetna Group S.p.A., APACKS, B&H Manufacturing Company Inc., Barry-Wehmiller Companies Inc., CKD Corporation, Coesia S.p.A., Duravant LLC, Fuji Machinery Co. Ltd., Langley Holdings plc, Liquid Packaging Solutions Inc., Maillis Group, Nichrome Packaging Solutions, Nordson Corp., Omori Machinery Co. Ltd., Orbital Food Machinery, Packsys Global Ltd., Pakona Engineers (India) Pvt Ltd., ProMach, Prosy’s Innovative Packaging Equipment, Robert Bosch GmbH, Tetra Laval Group, Turbofil Packaging Machine LLC, WeighPack Systems Inc. and Wimco Ltd., among others.

Competitive landscape

April 25, 2023 – After just 12 months of construction, SIG brought its state-of-the-art production plant for aseptic carton packaging into operation in Queretaro, Mexico. With a total investment of €73 million, the new plant will serve North American markets and further expand SIG’s global production network to build on its strong track record of growth in the region. With an emphasis on production capacity for printing, cutting, and finishing of carton packs, more than 200 jobs have been created at the new plant, which has a highly flexible layout with a focus on ergonomics and the environment. This once again demonstrates SIG’s ongoing commitment to engineering excellence and sustainability leadership. Covering an area of 20,751.21 square meters, SIG’s packaging plant in Queretaro starts with a production of 500 million carton packs in the first year of production, increasing to 1.2 billion sleeves in 2024. Production at the new plant will initially focus on mid and large-size carton packs. SIG’s second phase of the plant includes an expansion into small formats.

December 14, 2022 – Marchesini Group has acquired Rejves Machinery, a company based in Mantua that specializes in the construction of filling and capping machines for packaging cosmetic, pharmaceutical, chemical, and food products. Rejves Machinery joins the team of the Pianoro (Bologna) multinational, one of the world’s top producers of technologies for packaging drugs, vaccines, and beauty products. Founded in 2002, Rejves Machinery’s first products were capping machines, sold to customers with small-scale production operations. Over time, the growth of the brand and the development of various patented solutions have allowed the installation of liquid filling and capping machines all over the world.

July 29, 2022 – Envoy Solutions announced that it has acquired York, South Carolina-based Sunbelt Packaging. Sunbelt Packaging offers a large, diversified inventory of flexible packaging materials and a broad range of automated packaging equipment. The company’s strong relationships with industry-leading customers contributed to continued growth across the country with four distribution centers from South Carolina to Utah. By joining forces with Sunbelt, Envoy Solutions continues to drive packaging growth in the Southeast, where it already has a strong presence with a rapidly growing national platform. This new partnership advances Envoy Solutions’ position as a specialized distributor and solution provider serving the U.S. market through a family of the nation’s best regional distributors.

Global packaging machinery market scope

• By machine type
  • Filling
  • Form fill seal
  • Labeling / marking / coding
  • Case forming, sealing and closing
  • Wrapping and bundling
  • Cartoning
  • Cleaning and sterilizing
  • Palletizing and depalletizing
  • Case / tray handling
  • Cooling and drying
  • Others

• By degree of automation
  • Automatic
  • Semi-automatic
  • Manual

• By packaging material
  • Plastic
  • Paper and paperboard
  • Glass
  • Metal
  • Wood
  • Foam
  • Others

• By packaging type
  • Primary packaging
  • Secondary packaging
  • Tertiary packaging
  • Ancillary Packaging
  • Flexible packaging
  • Rigid packaging
  • Anti-counterfeit packaging
  • Others

• By industry verticals
  • Food & beverages
  • Pharmaceuticals
  • Personal care & cosmetics
  • Chemicals
  • Textile
  • Electronics
  • Others

• By services
  • Installation
  • Training
  • Maintenance
  • Rental and leasing
  • Others

• By Region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The research report  provides a comprehensive review of market trends, market growth drivers, PEST Analysis, Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market.

The report provides market estimates and forecast for geographic markets such as the North America (US, Canada, Mexico and Rest of North America), South America (Brazil, Argentina and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Norway, Switzerland, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel and Rest of Middle East) & Africa.