Packaging Equipment Market Size & Share 2021 to 2027
Market Size by Product (Fillers, FFS, Capping, Labeling, Coding, Palletizing), by Application (Food & Beverage, Pharmaceutical, Chemical, Personal Care, Mechanical hardware & Products) & Forecast.
Report ID: GMI2829
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Published Date: January 2022
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Report Format: PDF
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Authors:
Avinash Singh, Sunita Singh
Packaging Equipment Market Size
Packaging Equipment Market Size exceeded USD 35 billion in 2020 and is projected to expand at over 4% CAGR from 2021 to 2027. The market growth is attributed to the rising demand for automation in the packaging area.
Manufacturers are focusing on adding modern robotic solutions integrated with AI, machine learning & advanced algorithm across the existing conveyor belts to reduce packaging errors. Cam Industrial & Remtech Systems is developing a tailor-made autonomous packaging solution to replace the present packaging process. It eliminates the need to handle sealing bags & manually count the samosas, thus increasing department efficiency. The solution will support the company in increasing its production capacity to cater to a large set of customers in the market.
The coronavirus pandemic has slightly affected the global market. The sudden occurrence of the virus has encouraged government authorities to impose stringent lockdown norms & social distancing practices. The introduction of travel regulations has shifted consumer attention toward packaged foods & beverages for daily meals.
In addition, the spread of the virus among factory workers has created labor shortage challenges for manufacturers & production houses, impacting the productivity of packaging activities. This factor has encouraged the deployment of advanced packaging equipment to meet the industry demand. The increase in adoption will support packaging equipment growth in the coming years.
Packaging Equipment Market Analysis
The U.S. packaging equipment market is expected to witness 4% growth rate through 2027 led by the technology innovations in the product range. Players in the domain, such as Fuji Machinery Co., Ltd., Norden Machinery, and Krone AG, are emphasizing on developing their product offerings to build a differentiated market positioning to cater to a large set of customer base. This factor has encouraged enterprises to launch new machinery to increase the productivity of the packaging area.
In Germany, market is poised to expand at more than 5% CAGR till 2027 owing to the growing export from the pharmaceutical sector. Technological advancements & strong manufacturing capabilities of the country aid it to supply the product to other countries such as Argentina, Belarus & Chile. Rising export of the product will increase packaging equipment demand in the country to meet the market demand.
Asia Pacific packaging equipment market is estimated to attain a CAGR of over 6% during 2021 to 2027 due to the rising e-commerce industry. The COVID-19 pandemic resulted in the imposition of travel restrictions & lockdown regulations, which shifted the consumer focus toward online platforms for shopping groceries, electronics, medicines, clothing, cooking staples & home essentials products. According to the National Investment Promotion & Facilitation Agency, the Indian e-commerce market is predicted to be worth around USD 55 billion in gross merchandise value by the end of 2021.
In addition, the Government of India authorized 100% Foreign Direct Investment (FDI) under automatic route in B2B e-commerce and the marketplace business model. The growing support from governing bodies & customer shift toward online shopping platforms will foster the packaging industry expansion to maintain the supply-to-demand ratio.
Packaging Equipment Market Share
Key players operating in the market include:
Industry leaders are focusing on strengthening their market position through strategic acquisitions to cater to the growing market demand.
The packaging equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:
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Market, By Product
Market, By Application
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →