Packaging Equipment

The packaging equipment sector is witnessing strong growth due to e-commerce expansion, a shift to automation, and required sustainability drivers in various manufacturing sectors. The global packaging market size was around $1.1 trillion in 2023, as reported by the Reusable Packaging Association in its State of the Industry 2023 report.

There is robust growth in individual equipment categories. Food packaging equipment totaled USD 22.1 billion in 2024 and is expected to grow at a 7.3% CAGR during 2034. Furthermore, the international egg packaging market was valued at USD 7.75 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2034. This is an indication of the international rise in consumer need for food processing and safety in products

There is a shift in the industry towards the use of IoT, Artificial Intelligence, and Robotics. The need for packaging equipment is moving towards eco-friendly packaging, where manufacturers desire more environmentally friendly packaging solutions with less wastage but more operational efficiency. We are seeing shifts in digital transformation that offer more accuracy, velocity, and customizability capacity, which should accommodate small batch production in place of mass production by a brand-led strategy to packaging that can accommodate direct-to-consumer brands.