Packaging Equipment Market Drivers and Opportunities [2021-2031]
The Packaging Equipment Market is expected to register a CAGR of 4.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Type, and End-User. The Type segment is divided into Labeling Machines, Tape Machines, Conveyors, Filling Machines, Sealers, Strapping/Bundling Machines, Wrapping Machines, Others. Based on End-User, the market is divide into Food and Beverage, Medical, Home and Personal Care, Industrial, Others.
Purpose of the ReportThe report Packaging Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Packaging Equipment Market Segmentation
Type- Labeling Machines
- Tape Machines
- Conveyors
- Filling Machines
- Sealers
- Strapping/Bundling Machines
- Wrapping Machines
- Others
- Food and Beverage
- Medical
- Home and Personal Care
- Industrial
- Others
Strategic Insights
Packaging Equipment Market Growth Drivers- Rising Demand for Automation: The increasing need for efficiency and productivity in manufacturing processes is driving the demand for automated packaging equipment. Companies are investing in advanced machinery to streamline operations, reduce labor costs, and enhance packaging speed and accuracy.
- Growth of E-commerce: The rapid expansion of e-commerce is significantly influencing the packaging equipment market. As online shopping continues to grow, there is a heightened demand for packaging solutions that can protect products during transit while also being cost-effective and sustainable.
- Smart Packaging Technologies: The integration of smart technologies, such as IoT and RFID, into packaging equipment is becoming a prominent trend. These technologies enhance tracking, inventory management, and consumer engagement, allowing companies to provide more value through their packaging solutions.
- Focus on Health and Safety: In light of recent global health concerns, there is an increased emphasis on packaging that ensures product safety and hygiene. This trend is driving innovations in packaging equipment that can provide tamper-evident and sterile packaging solutions, particularly in the food and pharmaceutical industries.
- Sustainability Initiatives: There is a growing opportunity for packaging equipment manufacturers to develop eco-friendly solutions. As consumers and regulatory bodies increasingly prioritize sustainability, companies can capitalize on this trend by offering machinery that supports the use of recyclable and biodegradable materials.
- Customization and Flexibility: The demand for customized packaging solutions is on the rise, particularly in sectors like food and beverages, cosmetics, and pharmaceuticals. Packaging equipment that can easily adapt to different product sizes and types presents a significant opportunity for manufacturers to meet diverse customer needs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Packaging Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Packaging Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
High Initial Investments
Aagard Group, LLC, All Packaging Machinery Corp., Bosch Packaging Technology, Douglas Machine Inc., Duravant, Garvey Corporation, KHS GmbH, Krones AG, Sidel Group, Syntegon Technology
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The major factors driving the packaging equipmentmarket are: Rising Demand for Automation
The Packaging Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Type (Labeling Machines, Tape Machines, Conveyors, Filling Machines, Sealers, Strapping/Bundling Machines, Wrapping Machines, Others); End-User (Food and Beverage, Medical, Home and Personal Care, Industrial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 4.5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Packaging Equipment Market - By Type
1.3.2 Packaging Equipment Market - By End-User
1.3.3 Packaging Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PACKAGING EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Rest of the World - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PACKAGING EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PACKAGING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. PACKAGING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. PACKAGING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PACKAGING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LABELING MACHINES
7.3.1. Overview
7.3.2. Labeling Machines Market Forecast and Analysis
7.4. TAPE MACHINES
7.4.1. Overview
7.4.2. Tape Machines Market Forecast and Analysis
7.5. CONVEYORS
7.5.1. Overview
7.5.2. Conveyors Market Forecast and Analysis
7.6. FILLING MACHINES
7.6.1. Overview
7.6.2. Filling Machines Market Forecast and Analysis
7.7. SEALERS
7.7.1. Overview
7.7.2. Sealers Market Forecast and Analysis
7.8. STRAPPING/BUNDLING MACHINES
7.8.1. Overview
7.8.2. Strapping/Bundling Machines Market Forecast and Analysis
7.9. WRAPPING MACHINES
7.9.1. Overview
7.9.2. Wrapping Machines Market Forecast and Analysis
7.10. OTHERS
7.10.1. Overview
7.10.2. Others Market Forecast and Analysis
8. PACKAGING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. MEDICAL
8.4.1. Overview
8.4.2. Medical Market Forecast and Analysis
8.5. HOME AND PERSONAL CARE
8.5.1. Overview
8.5.2. Home and Personal Care Market Forecast and Analysis
8.6. INDUSTRIAL
8.6.1. Overview
8.6.2. Industrial Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PACKAGING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Packaging Equipment Market Overview
9.1.2 North America Packaging Equipment Market Forecasts and Analysis
9.1.3 North America Packaging Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Packaging Equipment Market Forecasts and Analysis - By End-User
9.1.5 North America Packaging Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Packaging Equipment Market
9.1.5.1.1 United States Packaging Equipment Market by Type
9.1.5.1.2 United States Packaging Equipment Market by End-User
9.1.5.2 Canada Packaging Equipment Market
9.1.5.2.1 Canada Packaging Equipment Market by Type
9.1.5.2.2 Canada Packaging Equipment Market by End-User
9.1.5.3 Mexico Packaging Equipment Market
9.1.5.3.1 Mexico Packaging Equipment Market by Type
9.1.5.3.2 Mexico Packaging Equipment Market by End-User
9.2. EUROPE
9.2.1 Europe Packaging Equipment Market Overview
9.2.2 Europe Packaging Equipment Market Forecasts and Analysis
9.2.3 Europe Packaging Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Packaging Equipment Market Forecasts and Analysis - By End-User
9.2.5 Europe Packaging Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Packaging Equipment Market
9.2.5.1.1 Germany Packaging Equipment Market by Type
9.2.5.1.2 Germany Packaging Equipment Market by End-User
9.2.5.2 France Packaging Equipment Market
9.2.5.2.1 France Packaging Equipment Market by Type
9.2.5.2.2 France Packaging Equipment Market by End-User
9.2.5.3 United Kingdom Packaging Equipment Market
9.2.5.3.1 United Kingdom Packaging Equipment Market by Type
9.2.5.3.2 United Kingdom Packaging Equipment Market by End-User
9.2.5.4 Russia Packaging Equipment Market
9.2.5.4.1 Russia Packaging Equipment Market by Type
9.2.5.4.2 Russia Packaging Equipment Market by End-User
9.2.5.5 Rest of Europe Packaging Equipment Market
9.2.5.5.1 Rest of Europe Packaging Equipment Market by Type
9.2.5.5.2 Rest of Europe Packaging Equipment Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Packaging Equipment Market Overview
9.3.2 Asia-Pacific Packaging Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Packaging Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Packaging Equipment Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Packaging Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Packaging Equipment Market
9.3.5.1.1 Australia Packaging Equipment Market by Type
9.3.5.1.2 Australia Packaging Equipment Market by End-User
9.3.5.2 China Packaging Equipment Market
9.3.5.2.1 China Packaging Equipment Market by Type
9.3.5.2.2 China Packaging Equipment Market by End-User
9.3.5.3 India Packaging Equipment Market
9.3.5.3.1 India Packaging Equipment Market by Type
9.3.5.3.2 India Packaging Equipment Market by End-User
9.3.5.4 Japan Packaging Equipment Market
9.3.5.4.1 Japan Packaging Equipment Market by Type
9.3.5.4.2 Japan Packaging Equipment Market by End-User
9.3.5.5 Rest of Asia-Pacific Packaging Equipment Market
9.3.5.5.1 Rest of Asia-Pacific Packaging Equipment Market by Type
9.3.5.5.2 Rest of Asia-Pacific Packaging Equipment Market by End-User
9.4. REST OF THE WORLD
9.4.1 Rest of the World Packaging Equipment Market Overview
9.4.2 Rest of the World Packaging Equipment Market Forecasts and Analysis
9.4.3 Rest of the World Packaging Equipment Market Forecasts and Analysis - By Type
9.4.4 Rest of the World Packaging Equipment Market Forecasts and Analysis - By End-User
9.4.5 Rest of the World Packaging Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 MEA Packaging Equipment Market
9.4.5.1.1 MEA Packaging Equipment Market by Type
9.4.5.1.2 MEA Packaging Equipment Market by End-User
9.4.5.2 SAM Packaging Equipment Market
9.4.5.2.1 SAM Packaging Equipment Market by Type
9.4.5.2.2 SAM Packaging Equipment Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PACKAGING EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. AAGARD GROUP LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ALL PACKAGING MACHINERY CORP.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARPAC LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOSCH PACKAGING TECHNOLOGY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DOUGLAS MACHINE INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DURAVANT
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GARVEY CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KHS GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KRONES AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIDEL GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aagard Group LLC
2. All Packaging Machinery Corp.
3. Arpac LLC
4. Bosch Packaging Technology
5. Douglas Machine Inc.
6. Duravant
7. Garvey Corporation
8. KHS GmbH
9. Krones AG
10. Sidel Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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