Advancements in IoT and Technologies to Drive the Global Market of Packaging Machinery

Global packaging machinery market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). The market's growth is driven by factors such as the increasing demand for packaged goods, advancements in automation and technology, and the growing emphasis on sustainable and eco-friendly packaging solutions. 

Rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with an increase in the usage broadly in line with the global economy. The integration of robotics, loT (Internet of Things), and Al (Artificial Intelligence) is revolutionizing packaging processes, enhancing efficiency, and reducing errors.

Browse the full report description of “Packaging Machinery Market Size, Share & Trends Analysis Report by Type (Filling and Dosing, Form-Fill-Seal (FFS), Labeling and Coding, Closing and Sealing, Wrapping and Bundling, and Others), and by End-User (Food and Beverage, Personal care, Pharmaceutical, Chemical, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/packaging-machinery-market-size

The major restraint facing the market growth is the rising preference for refurbished machinery as these are viable alternatives to new instruments for manufacturers in cases where time and cost are concerns. As purchasing refurbished equipment can save approximately 40.0%-45.0% of the cost instead of buying new machinery, this eliminates the need for new machines. 

Recent Developments

• In December 2023, SIAT Group acquired a 50.0% share in 3M's US-based Combi Packaging Systems.

• In August 2023, Amcor acquired a flexible packaging plant in India, targeting the country's rapidly growing demand for packaging solutions. 

• In July 2023, Comexi, a packaging machinery company, increased its footprint in Asia-Pacific by constructing a new factory in Bangkok, Thailand.

• In April 2022, MULTIVAC launched its W 500 in the market for packing solutions. It can be integrated into an automated line as well. The company is focusing on expanding its equipment range to a new area of application.

Market Coverage  

· The market number available for 2023-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Machine Type

o By End-User

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

· Competitive Landscape: Barry-Wehmiller Group, Inc., Coesia S.p.A., Illinois Tool Works Inc., Krones AG, MARCHESINI GROUP S.p.A., and Tetra Pak International S.A. among others.  

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Packaging Machinery Market Report Segment 

By Machine Type

• Filling and Dosing
• Form-Fill-Seal (FFS)
• Labeling and Coding
• Closing and Sealing
• Wrapping and Bundling
• Others (Palletizing and De-palletizing Machines and Cartoning Machines)

By End-User

• Food & Beverage
• Chemical
• Personal Care
• Pharmaceutical
• Others (Electronics and Industrial)

Global Packaging Machinery Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· Middle East and Africa

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