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Packaging Machinery Market - Forecasts from 2024 to 2029

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  • 142 Pages
  • February 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5009203

The packaging machinery market is expected to grow at a CAGR of 3.23% from US$42.541 billion in 2022 to US$53.143 billion by 2029.

The packaging machinery market is growing because of rising automation, demands for efficiency, and strict adherence to quality standards. The rise in customer demand for environmentally friendly packing materials is a factor in the use of eco-friendly equipment. The growth of e-commerce has increased demand for sophisticated machinery by requiring effective packaging solutions. In addition, continuous innovation, and technical developments such as smart packaging are crucial in influencing the market. Overall, these elements work together to support the packing machinery industry's expansion and development. Moreover, as per the International Trade Administration, packaging material production accounted for 1.8 per cent of Mexico's overall GDP in 2022. The packing machinery sector has favourable prospects for American exporters due to its innovative technology and proximity. Additionally, according to the Packaging Machinery Manufacturers Institute (PMMI), Mexico purchases packaging equipment from the United States in the second-largest amount, after Germany and Italy.

Growth in e-commerce to boost packaging machinery growth.

The expansion of e-commerce drives up demand for packing machinery since these sellers need effective ways to manage larger quantities. Packaging machinery needs to be adaptable and flexible enough to handle a wide range of product dimensions and requirements. The use of technology that improves automation and reduces material waste is prompted by a desire to reduce costs. In e-commerce, protective packaging becomes more important, affecting the demand for equipment that guarantees safe transportation. As the e-commerce industry develops further, technology integration such as smart packaging features becomes increasingly important. The India Brand Equity Foundation projects that India's consumer digital economy will grow from US$ 537.5 billion in 2020 to US$ 1 trillion by 2030. This is mostly a result of the nation's high e-commerce and tech adoption. Furthermore, the Indian e-commerce market has been expanding rapidly. Gross merchandise value on the Government e-marketplace (GeM) reached a record high of $2011 billion in FY 2022-2023. As of July 23, 2023, GeM has created a cumulative GMV of over 4.5 lakh crore since its founding. Taking into account the estimated savings, GeM has facilitated savings of over INR 40,000 Cr since its inception. According to TRAI's Indian Telecom Services Performance Indicators January-March 2023, there were over 1172 million telecom customers and over 880 million internet users in India as of March 2023. Furthermore, the rise of e-retail is being driven by reasons such as inexpensive data plans, rising wealth, and growing smartphone penetration. All of these factors are contributing to the growth of e-commerce in India. India had over 800 million users and 125.94 lakh UPI transactions in 2022, making it the second-largest internet market globally.

Asia Pacific is expected to grow at a high rate during the forecast period.

The growth is due to the robust and steady development of the nation's macroeconomy. It is supported by various industrial adjustment and revitalization plans initiated by the state. The "Made in China 2025" plan, for instance, aims to close the divide with advanced global standards and strengthen China's growth-oriented power. This is by converting the nation from a production giant into a top-tier manufacturing power that is driven by breakthroughs and emphasizes quality over quantity. The rapid expansion of downstream industries, including consumer electronics and packaging machinery, has been a key driver of this expansion. Notably, the demand for packaging machinery has remained stable, given the consistent consumption of essential products such as food, beverages, cosmetics, and medicines. Consequently, the National Bureau of Statistics projected that the domestic packaging machinery manufacturing sector generated an operating income of about 41 billion yuan in 2022. The market's resilience is attributed to its association with sectors that experience steady demand, rendering it less volatile compared to other machinery types. This growth is further risen by megatrends such as urbanization, rising incomes, and overall population growth. All of this contributes to the expanding packaging machinery sector. This further aligns with China's remarkable macroeconomic performance, reflected in its GDP, which surged from US$8.53 trillion in 2012 to US$17.96 trillion in 2022.

Market key launches

  • In November 2023, ELITER Packaging Machinery presented its newly designed and enhanced automatic cartooning machine, featuring an open profile, multi-axis servo drive system, and stainless steel construction. For businesses looking to simplify their packaging procedures, the new end-load cartoner known as "GRAN SONATA" offers a compact secondary and tertiary packaging automation option that can handle both large-sized cartoning and medium-sized case packing.
  • In September 2022, an innovative partnership between German machine manufacturer Heiber + Schröder and packaging and paper pioneer Mondi resulted in the development of a high-speed automated packing machine. This machine satisfies the process, efficiency, and safety criteria of eCommerce fulfilling operations. The new eComPack machine is intended for medium-sized to large-scale eCommerce businesses that need dependability and efficiency. Its automated erection, filling, and closing procedure allows it to process up to 500 packages each hour.


By Machinery Type

  • Filling and Form Machinery
  • Labelling and Coding Machines
  • Wrapping Machines
  • Case Forming Machines
  • Conveyors
  • Others

By Technology

  • General Packaging
  • Modified Atmosphere Packaging
  • Vacuum Packaging

By End-User Industry

  • Food and Beverages
  • Pharmaceuticals and Healthcare
  • Consumer Electronics
  • Personal Care
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Others
  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • Others
  • Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Indonesia
  • Others

Table of Contents

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2.1. Research Design
2.2. Research Processes
3.1. Key Findings
3.2. CXO Perspective
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. CXO Perspective
5.1. Introduction
5.2. Filling and Form Machinery
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Labelling and Coding Machinery
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Wrapping Machines
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Case Forming Machines
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
5.6. Conveyors
5.6.1. Market Trends and Opportunities
5.6.2. Growth Prospects
5.6.3. Geographic Lucrativeness
5.7. Others
5.7.1. Market Trends and Opportunities
5.7.2. Growth Prospects
5.7.3. Geographic Lucrativeness
6.1. Introduction
6.2. General Packaging
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Modified Atmosphere Packaging
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Vacuum Packaging
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7.1. Introduction
7.2. Food and Beverages
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Pharmaceutical and Healthcare
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Consumer Electronics
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Personal Care
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
7.6. Others
7.6.1. Market Trends and Opportunities
7.6.2. Growth Prospects
7.6.3. Geographic Lucrativeness
8.1. Introduction
8.2. North America
8.2.1. By Machinery Type
8.2.2. By Technology
8.2.3. By End-User Industry
8.2.4. By Country USA Market Trends and Opportunities Growth Prospects Canada Market Trends and Opportunities Growth Prospects Mexico Market Trends and Opportunities Growth Prospects
8.3. South America
8.3.1. By Machinery Type
8.3.2. By Technology
8.3.3. By End-User Industry
8.3.4. By Country Brazil Market Trends and Opportunities Growth Prospects Argentina Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects
8.4. Europe
8.4.1. By Machinery Type
8.4.2. By Technology
8.4.3. By End-User Industry
8.4.4. By Country UK Market Trends and Opportunities Growth Prospects Germany Market Trends and Opportunities Growth Prospects France Market Trends and Opportunities Growth Prospects Spain Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects
8.5. Middle East and Africa
8.5.1. By Machinery Type
8.5.2. By Technology
8.5.3. By End-User Industry
8.5.4. By Country UAE Market Trends and Opportunities Growth Prospects Saudi Arabia Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects
8.6. Asia Pacific
8.6.1. By Machinery Type
8.6.2. By Technology
8.6.3. By End-User Industry
8.6.4. By Country Japan Market Trends and Opportunities Growth Prospects China Market Trends and Opportunities Growth Prospects India Market Trends and Opportunities Growth Prospects South Korea Market Trends and Opportunities Growth Prospects Indonesia Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10.1. CVC Capital Partners (Syntegon Technology GmbH)
10.2. Massman Automation Designs, LLC (EDL Packaging Engineers)
10.3. MG Technologies ag (GEA Group)
10.4. Barry-Wehmiller
10.5. Krones AG
10.6. Ilapak International S.a.
10.7. Aetnagroup (OCME s.r.l.)
10.8. Tetra Laval
10.9. Signode Industrial Group (Crown Holdings)
10.10. Mondi

Companies Mentioned

  • CVC Capital Partners (Syntegon Technology GmbH)
  • Massman Automation Designs, LLC (EDL Packaging Engineers)
  • MG Technologies ag (GEA Group)
  • Barry-Wehmiller
  • Krones AG
  • Ilapak International S.a.
  • Aetnagroup (OCME s.r.l.)
  • Tetra Laval
  • Signode Industrial Group (Crown Holdings)
  • Mondi



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