Packaging Machinery Market size in 2016 was valued at $39,647 million growing at CAGR of 6.7% to reach $62,063 million by 2023. Packaging machinery market has witness increased adoption owing to factors such as increase in applications of packaging machinery in a wide range of industries across food and drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.
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Packaging machinery is used for a wide variety of functions that includes canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications. The demand for packaging machinery is largely driven by the increasing consumer goods demand, increasing adoption of automated packaging machines, and development of energy efficient machines.
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Asia-Pacific was the most dominant region for the packaging machinery market in 2016 accounting for about 38% in the global packaging machinery market. The dominance of the Asia-Pacific region is due to the presence of a large number of food & beverage and personal care product manufacturers in the region.
Leading companies in the global packaging machinery market have been profiled in the company section with details about their business, financial data, and operating segments. These key players include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.
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