Packaging Equipment Market Size By Product (Fillers [Liquid Type, Powder Filling, Bottle Filling], FFS (Form Fill Seal) [Vertical, Horizontal], Capping [Screw Capping, Vial Coating, ROPP (Roll On Pilfer Proof) Cappers], Labelling [Wet Glue, Self-Adhesives, Rotary Sticker], Coding [Wet Ink System, Ink Jet System, Laser System, Hot Stamp, Thermal Transfer], Palletizing), By Application (Food & Beverage, Pharmaceuticals, Chemical, Personal Care), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

Published Date: Aug 2018  |  Report ID: GMI2829  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 275   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Packaging Equipment Market size surpassed USD 38 billion in 2017 and will grow at over 3% CAGR between 2018 and 2024. Rising awareness about the retention of product quality and sustainable packaging is contributing to the market demand.
 

The packaged food & beverage industry prospects have encouraged companies to adopt these solutions to maintain the quality of their products. The beverage industry has witnessed an increase in demand for rigid packaging solutions such as filling and palletizing machines that aid in packaging beverages in hard plastics or bottles.
 

Increasing awareness regarding food brands owing to advertising by international companies and a rise in the demand for ready-to-eat food coupled with the liberalization of trade in food & agriculture are projected to catapult the packaging equipment market value.
 

Packaging Equipment Market

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The rise in disposable incomes and an increase in the standard of living have augmented the demand for pre-cooked and convenient meals and have stimulated the demand for high-end personal care products. These factors have stimulated the demand for sturdy packaging solutions that help in ensuring the durability and longevity of products during transit.
 

Moreover, the packaging machinery market is witnessing a rise in adoption of smart technologies. Numerous smart features provided by the manufacturers are aiding the end users in enhancing the productivity of several processes and operations.
 

Some of the technologies that are experiencing high adoption rates are intelligent packing, IoT technology, and smart sensors. Fully automatic machines are the most preferred for the packaging of food & beverage and cosmetic products as these help in saving labor cost and time and provide efficient outputs.
 

Packaging Equipment Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 38 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 3% 2024 Value Projection: 47 Billion (USD)
Pages: 275 Tables, Charts & Figures: 503
Geographies covered (16): U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Product , Application and Region
Companies covered (30): ACG Worldwide, Adelphi Packaging Machinery, Alfa Laval, B&H Labelling Systems, Barry-Wehmiller Companies Incorporated, BEUMER Group GmbH & Company KG, Buhler AG, Coesia SpA, Coperion GmbH, Fuji Machinery Company Limited, GEA Group AG, Graphic Packaging Holding Company, Guangzhou Tech-Long Packing Machine Company, Hangzhou Youngsun Intelligent Equipment Company Limited, Illinois Tool Works Incorporated, Industria Macchine Automatiche SpA, Ishida Company Limited, KHS GmbH, Körber AG, Krones AG, KUKA AG, Multivac Sepp Haggenmüller GmbH & Company KG, Robert Bosch GmbH, Sato Corporation, Schneider Electric SA, Selovac Indústria e Comércio Limitada, Serac Group, Tetra Laval International SA, The Bradman Lake Group, VELTEKO s.r.o.
Growth Drivers:
  • North America & Europe
    • Adoption of smart packaging solutions
    • Growing focus on labeling and serialization for anti-counterfeiting of drugs
  • APAC & LATAM
    • Flourishing pharmaceutical industry
    • Flexible packaging solutions
    • Automation in packaging equipment
    • Packaged foods and beverage consumption
    • Cosmetics packaging equipment demand
  • MEA
    • Ready-to-drink beverage consumption
Pitfalls & Challenges:
  • Need for high capital investment for setting up plants in developing markets
  • Stringent government regulations for packaging and safety
  • Growing preference for refurbished packaging equipment
  • Fluctuating raw material prices

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Market by Product

Fillers accounted for over 20% of the industry share in 2017. This equipment is experiencing a high demand in the beverage industry due to rise in consumption of drinks and juices among consumers. Several types of filling machines are being developed and deployed to provide accuracy and reliability in filling the bottles.
 

Companies operating in the beverage industry are installing this machinery in their production facilities to speed up the production process and to gain accuracy in their systems. This has led manufacturers operating in the market to develop products depending on the type of the liquid that needs to be filled in the bottles.
 

Moreover, cosmetic and personal care products are popular in countries including the U.S. and Canada, encouraging the players to target their products in the region, thereby driving the packaging equipment market growth, particularly for liquid, powder, and bottle fillers.
 

Market by Application

Pharmaceutical drugs require proper packaging to protect them from environmental conditions and to prevent modification of their chemical properties. The pharmaceutical market is characterized by the demand for blister packs, plastic bottles, caps & closures, medical specialty bags, pouches and strip packs, medication tubes, and cartridges. The steady demand from the healthcare/medical sector has led to the consumption of strip packing machines, blister packaging machines, LFA automatic tablet counting machines, fill & sealing machines, vertical tablet packing machinery, bottling & filling lines, and tube fillers.
 

Paperboard packaging is picking up speed driven by rapid growth in the B2C e-commerce space and the growing consumer preferences for online shopping. The food & beverage industry is a major contributor to market revenue. Changing lifestyles and eating habits, particularly in the younger and working demographic, have resulted in significant demand for ready-to-eat meals over fresh food, spurring industry demand in the sector.
 

Market by Region

In 2017, North America accounted for around 25% of the packaging equipment market share and is growing at a rapid pace owing to rise in adoption of smart packing solutions in several industrial sectors. Manufacturers are integrating several advanced technologies into these machines to provide remote monitoring & control, mobile connectivity, and other intelligent features.
 

With automation strengthening its foothold in the North America packaging machinery market, food & beverage and pharmaceutical companies are concentrating on integrating advanced software to reduce human interferences. The seamless integration of software and hardware is allowing manufacturing industries to produce robust and accurate products, lower accident rates, and reduce wastage in an economically profitable method. Moreover, high standards of living and stable economic conditions in the region are surging the demand for high-performance machinery.
 

Competitive Market Share

Key players operating in the packaging equipment industry are Aetna Group, Adelphi Packaging Machinery, B&H Labelling Systems, Bosch Packaging Machinery, Barry-Wehmiller Companies, Inc., CKD Group, Bradman Lake Group, Fuji Machinery Company, Coesia Spa, Harland Machine Systems Ltd., Krones Group, Illinois Tool Works, and GEA Group, among others.
 

Several companies are replacing the legacy equipment with advanced automated machinery, thereby providing an impetus to the market share. Manufacturers are integrating advanced software to monitor and control the packing cycle.
 

Rising consumer demand for enhanced quality and sustainability of end products is encouraging companies to invest in innovative technologies. Robotic systems are increasingly being deployed in the pharmaceutical, personal care, and chemical factories. These systems enhance operations and maintain the optimum quality of the packaged goods.
 

The packaging equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

By Product

  • Fillers
    • Liquid type
    • Powder filling
    • Bottle filling
  • FFS
    • Vertical
    • Horizontal
  • Capping
    • Screw capping
    • Vial coating
    • ROPP cappers
    • Others
  • Labeling
    • Wet glue
    • Self-adhesives
    • Rotary sticker
  • Coding
    • Wet ink system
    • Inkjet system
    • Laser system
    • Hot stamp
    • Thermal transfer
  • Palletizing
  • Others

By Application

  • Food & beverage
  • Pharmaceuticals
  • Chemical
  • Personal care
  • Others

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  •  Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
       

Frequently Asked Questions (FAQ) :

In 2017, North America accounted for around 25% of the market share and is growing at a rapid pace owing to rise in adoption of smart packing solutions in several industrial sectors.
Changing lifestyles and eating habits, particularly in the younger and working demographic, have resulted in significant demand for ready-to-eat meals over fresh food, spurring market demand in the sector.
Key industry players include Aetna Group, Adelphi Packaging Machinery, B&H Labelling Systems, Bosch Packaging Machinery, Barry-Wehmiller Companies, Inc., CKD Group, Bradman Lake Group, Fuji Machinery Company, Coesia Spa, Harland Machine Systems Ltd., Krones Group, Illinois Tool Works, and GEA Group.

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