Packaging Equipment Market Size, Share, Growth Analysis, Forecast Report 2024-2032

Global Packaging Equipment Market Insights

Zion Market Research has published a report on the global Packaging Equipment Market, estimating its value at USD 48.4 Billion in 2023, with projections indicating that it will reach USD 70.83 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.32% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Packaging Equipment industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report includes revenue forecast & analysis of the packaging equipment market on a global as well as regional level.  It also offers historical data from 2018 to 2022 and provides an assessment of the industry evolution over 2024-2032 in terms of USD Billion. Our study comprises of competitive strategies adopted by the key industry players based on the framework provided by the Porter’s Five Forces Model influencing the market.

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Growing introduction of tech-enabled products and smart packaging solutions in the packaging sector will steer the growth of the packaging equipment industry over the forecast period. In addition to this, use of next-gen manufacturing techniques, product enhancements, and footprint optimization will transform into huge sales of the packaging equipment over the coming years.

Additionally, creating value for the packaging services through offering of after-sales services such as repairs as well as technical aid to the customers will further add to the market demand over the forecast period.  Moreover, aftermarketing will also help in achieving of the desired brand image as well as building brand equity for the industry players. This will impact the market expansion over the forecast timespan.

Global Packaging Equipment Market: Segmentation

Our study offers exact market attractiveness analysis, thereby assisting the end-user in getting the insights of the packaging equipment market over the timespan from 2024 to 2032. The report also offers historical data from 2018 to 2022. Moreover, the market is divided into segments including product, application, and region.

On the basis of product, the packaging equipment market is divided into- Filler, FFS or Form Fill Seal, Capping, Labeling, Palletizing, and Coding.

Application-wise, the market is sectored into Food & Beverage, Personal Care, Pharmaceuticals, and Chemical.

Region-wise, the market is segregated into North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Packaging Equipment Market: Report Scope

The report includes PESTEL and SWOT Analysis that helps in evaluating the factors that influence the performance of each industry participant in the present scenario and during the forecast timespan. It also provides an insight into the competitive moves adopted by the key market players to gain a competitive edge.

Some of the leading players in the global market include:

• The Bradman Lake Group
• KUKA AG
• Hangzhou Youngsun Intelligent Equipment Company Limited
• Schneider Electric SA
• Körber AG
• Graphic Packaging Holding Company
• ACG Worldwide
• Alfa Laval
• Multivac Sepp Haggenmüller GmbH & Company KG
• B&H Labelling Systems
• Adelphi Packaging Machinery
• Barry-Wehmiller Companies Incorporated
• Robert Bosch GmbH
• BEUMER Group GmbH & Company KG
• Ishida Company Limited
• Industria Macchine Automatiche SpA
• KHS GmbH
• Sato Corporation
• Buhler AG
• Coesia SpA
• Coperion GmbH
• Tetra Laval International SA
• GEA Group AG
• Guangzhou Tech-Long Packing Machine Company
• Illinois Tool Works Incorporated
• Krones AG
• Serac Group
• VELTEKO s.r.o.

This report segments the Packaging Equipment market as follows:

By Type Segment Analysis

• Filler

• FFS or Form Fill Seal

• Capping

• Labelling

• Palletizing

• Coding

By Application Segment Analysis

• Food & Beverage

• Personal Care

• Pharmaceuticals

• Chemical

By Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa