What Will Be the New Normal in the Global Packaging Machinery Market After the COVID-19 Pandemic?
The global market for Packaging Machinery is projected to reach US$51.5 billion by 2025, driven by the economic value generated by packaging for industrial and consumer goods; and growing interest in robotic packaging automation against a backdrop of growing competition in the FMCG industry and the ensuing pressure to accelerate time-to-market.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Packaging Machinery market. Report segmentation includes Product Type (Bottling Line Machinery, Case Forming & Sealing Machinery, Form-Fill-Seal Machinery, Coding/Marking/Labeling Machinery, Filling & Dosing Machinery, Cartoning Machinery, Wrapping/Bundling Machinery, Palletizing Machinery, and Other Product Types); and End-Use Sector (Food Products, Beverages, Pharmaceuticals & Chemicals, and Other End-Use Sectors).
10 June 9:48 A.M., California/Marketwire/ - According to the new market research report, the global market for Packaging Machinery is projected to reach US$51.5 billion by 2025, driven by the economic value generated by packaging for industrial and consumer goods; and growing interest in robotic packaging automation against a backdrop of growing competition in the FMCG industry and the ensuing pressure to accelerate time-to-market. The global Packaging Machinery market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
Packaging is a critical part of production which influences resource efficiency and ensuring smooth workflow from one process to another is important to eliminate delays and process efficiencies. Investments in automated packaging machinery have therefore become critical capex expenditure for companies. The market also stands to benefit from increasing investments in packaging engineering science and technology. Advancements in electronics, computing technologies and rising awareness over the inherent benefits of automation have encouraged conventional industries to embrace integrated packaging machinery solutions. Given the advantages of an automated production line, robotic packaging automation is poised to emerge as the future of packaging in the coming years in both primary and secondary packaging applications. Other major trends in the market influencing growth include proliferation of "smart factory" concept and the resulting popularity of highly innovative industry 4.0 enabled packaging machinery; strong demand for coding/ marking/labeling machinery against the backdrop of stringent enforcement of environmental and labeling regulations; rapid adoption of modular packaging machines against the backdrop of strong demand for single serve and smaller package sizes; growing demand for bottled and canned beverages and a parallel increase in opportunities for liquid filling and capping machinery.
Key Competitors Covered in the Report
Adelphi Packaging Machinery
B&H Labeling Systems
Barry-Wehmiller Companies Inc.
Bosch Packaging Technology
EDL Packaging Engineers Inc.
Harland Machine Systems Ltd.
Herma UK Ltd.
Industria Macchine Automatiche (I.M.A) SpA
Mpac Group plc
Newman Labeling Systems Inc.
Norden Machinery AB
Orion Packaging Systems
Scandia Packaging Machinery Co.
Tetra Laval International S.A
The Bradman Lake Group Ltd.
Uhlmann Pac-Systeme GmbH & Co. KG.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 4878. Among this pool, 878 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 146 unique participations, a total of 66 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.