Packaging Machinery market size was $40 billion in 2018, and its value is estimated to grow at a CAGR of 5% during the forecast period 2019-2025. The information is revealed in a new business intelligence report from IndustryARC, titled: “ — Packaging Machinery Market: By Analytics (Filling and Packing, Cartoning machines, Tempering, Labelling and printing, Palletizing machines, Wrapping machines, Cleaning and Sterilizing machines); By End Users (Retail and E commerce, F&B, Cosmetics, Pharmaceuticals and Chemical), & By Geography - Forecast(2019-2025).”This report covers Packaging Machinery Market Size by analytics and applications, Packaging Machinery Market share by top 5 companies and also the market share by start-ups during the forecast period.
The consistent inflow of demand from the food and beverage industry that depends on packaging innovation to lure customers, radical growth of the e-commerce industry which aspires for lightweight packages, and new opportunities across cosmetics and pharmaceutical industries are the primary drivers identified in the packaging machinery market by the analyst of the report.
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Packaging Machinery Market Product Analysis:
Ever-changing technologies in the current world coupled with a modern lifestyle focused on convenience packaging enticed innovation in packaging machinery market. Stylish and comfortable packaging innovations combined with longer shelf life are ultimately leveraged by end users, as noted by the report. Packaging machinery deals with process automation, which progresses the productivity and ensures the quality of the product. Food and pharmaceutical products demand to be perfectly packed and preserve safely all the time. Different packaging machinery is used in multiple stages of packaging process such as filling, sealing, combining, labeling, overwrapping, palletizing, heat sealers, blister packs, vacuum packaging, cooling, drying, fabrication, cleaning, cartooning, and skin packaging machines.
Packaging Machinery Market – Competitive Landscape:
Fuji Machinery Company, Bosch Packaging Machinery, CoesiaSpA, Krones AG, CKD Group, Barry-Wehmiller Companies, Inc., Bradman Lake Group, Adelphi Packaging Machinery, B&H Labelling Systems, Harland Machine Systems Ltd. are some of the key players operating in the Packaging Machinery market.
Fuji Machinery Company is the major company in manufacturing automatic packaging machinery. It offers a wide variety of machines such as horizontal pillow packaging machines, vertical pillow packaging machines, case packer, cartooning machine, and stretch film wrapping machines to cater to diverse demands. The company also provides wrapping of food, industrial, pharmaceutical, and agricultural products through different wrapping methods. It is highly recognized as a supportive packaging machinery manufacturer in Japan.
Barry-Wehmiller (BW) is a supplier of manufacturing technology for the packaging industry. BW manufactures flexible packaging systems, which are used for various purposes that include form-fill-seal, feeding, bag filling and sealing, pouch-making equipment, flow-wrap, reclosable packaging solutions, palletizing, and in stretch-wrapping as well.
Bradman Lake Group is involved in providing packaging equipment solutions. It acquired Ibonhart (Norwich) Ltd, an innovative manufacturer of bread and baked goods bagging, slicing and packaging machinery in September 2017, It was targeted to expand Bradman Lake’s product contribution from the bakery sector.
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Packaging Machinery Market Segment Analysis:
F&B end-use industry holds a major share in the packaging machinery market and is projected to grow at a CAGR of around 4% - 6% over the forecast period 2019-2025. It involves more packaging of a diverse range of food and beverage products at a quick rate.
On the basis of geographical analysis provided in the IndustryARC market research report, Asia-Pacific generated the largest share of demand at about 32% - 35% among other regions in the packaging machinery market in 2018.
On the back of growing F&B industry, incoming demand from e-commerce, and pharmaceutical, and cosmetics industries, and increasing purchasing power of urban population are some of the key factors primed to sustain strong demand in the global packaging machinery market through 2019 to 2025.
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B. Medical Flexible Packaging Market
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