The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased demand for flexible and integrated packing machinery is likely to promote packaging equipment manufacturing innovation, propelling the market during the forecast period.

The global packaging equipment market is expected to grow from $39.93 billion in 2022 to $42.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The global packaging equipment market size is expected to grow to $52.74 billion in 2027 at a CAGR of 5.7%.

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Global Packaging Equipment Market Segments Include:

• By Product: Fillers, Form Fill Seal, Lapping, Labelling, Coding, Bottling line
• By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
• By Application: Food & Beverage, Pharmaceuticals, Chemicals, Personal Care
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global packaging equipment market in 2021.

Major Market Players in the packaging equipment market include Barry Whemiller, Coesia S.p.A., Krones AG, Bosch Packaging Technology, Douglas Machine Inc., Dover Corporation, Illinois Tool Works, Amcor Plc., Bemis Company, GEA Group, Graphic Packaging Holding, Duravant LLC.

Technological developments are a major trend that is gaining traction in the packing equipment market. To maintain their position in the packing equipment market, major manufacturers are focusing their efforts on developing innovative technologies. For example, Viking Masek Packaging Technologies, a US-based maker of high-performance automated packaging systems, will unveil the 4SC-235, a new automated pouch packaging machine designed for small enterprises, in 2022. Viking Masek’s innovation of the 4SC-235 premade pouch machine has aided a completely new client market. It also offers existing brand-loyal clients a tiny, very productive pouch packaging solution.

The Packaging Equipment Global Market Report 2023  provides a packaging equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaging equipment market forecast analyzes packaging equipment market size, packaging equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Packaging equipment provides producers and packers with efficient methods of packaging and protecting commodities for sale and transit. Correctly calibrated and maintained machines can reduce the number of packaging materials used while increasing packing speeds.

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