Food & Beverages Packaging Machine Market
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The global food & beverages packaging machine market was valued at USD 14.8 Bn in 2023 and is estimated to grow at a CAGR of over 3.4% from 2024 to 2032.
More companies are taking their time to research green alternatives for their packaging materials, as modern consumers are growing environmentally conscious. This trend has motivated a greater need for machines capable of processing recyclable and biodegradable materials and is one part of the global environmental movement. Consequently, packaging machinery manufacturers are developing machines suited for these materials, and this trend will hasten continued innovations in the industry.
Report Attribute | Details |
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Base Year: | 2023 |
Food & Beverages Packaging Machine Market size in 2023: | USD 14.8 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 3.4 |
2023 Value Projection: | USD 19.8 Billion |
Historical Data for: | 2021 - 2023 |
No of Pages: | 220 |
Tables, Charts & Figures: | 180 |
Segments Covered: | Product Type, Packaging Type, Automation, Application, Distribution Channel, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Other than the labeling, wrapping and pouch sealing machines, the market includes food and beverage filling and sealing solutions as well, and this sector is thought to be worth approximately $4.9 billion as of 2023. Between 2024 and 2032, the market is anticipated to grow at a rate of 3.7%, with an expected CAGR of about 4.9%.
According to their applications, the food & beverages packaging machine market is appended into beverages, processed food, bakery, confectionery, meat, poultry and seafood, fruits and vegetables, among others. The beverages segment accounted for about 33% of the global market share in 2023, and it is expected to expand at a CAGR of 3.8% over the forecasted period.
In the year 2023, the United States registered a revenue of approximately 3.1 billion U.S dollars in the North American region, which is predicted to grow at a compound annual growth rate of 3.5 percent from the year 2024 to the year 2032.
North America: North America comprises the United States, Canada and Mexico, and this region is at the forefront of automotive innovations and technology for food and drink packaging with the US being at the center of the advancements. The region has emerged as an important hub for research and development which is focused on packaging technology in the machinery sector with a firm focus on automation and sustainability. Automated solutions from robotic systems for packaging, intelligent labeling, to energy-efficient fillers are now commonplace as some of the trends set in the industry. Also, with the investment made by the leading companies in the region such as the United States, the machinery and its horizontal development and design are getting changed globally.
Europe: Germany takes the lead in manufacturing alongside other sectors in the engineering industry including food and beverage. It has established itself as a proficient region due to its automation, robotics and machinery design skills. Some of the notable firms such as Krones AG and Sidel are catering to the needs of the food and beverage producers all across Europe with their efficient and innovative machines. The food and drink markets in Germany have also widened their machinery services to include automation.
Asia Pacific: With a flourishing middle and working class in place, China has a never-ending and disturbing demand for packaged food and drinks. The working class combined with the growing middle class drives the need for convenience and demand for food and drink, which means there is a great need for packaging machinery across China. So a rising trend is witnessed for ready-to-eat meals, instant food beverage which has led to the packaging machines expanding its boundaries embracing filling sealing labeling and pouch packing.
Middle East: The food and beverage industry in Saudi Arabia is governed by a set of strict standards and regulations that ensure quality and safety. Such regulations require the use of security and safe packaging, resulting in an increase in demand for food-grade packaging machinery to complement health and safety guidelines. There is quite an increase in the requirement for machines that can be used for making biodegradable, recyclable and lasting packaging as the trends of reducing the usage of plastics and using eco-friendly materials gain more popularity.
The global food & beverages packaging machine industry is filled with competitiveness, with businessmen ranging from international actors to local and niche companies. The market is largely fragmented with major players consisting of Mitsubishi Heavy Industries, Ltd., Bosch Packaging Technology, GEA Group AG, Tetra Pak International S.A., and IMA Group S.p.A. These companies have large shares of the market, thanks to their expansive portfolios and strong brand presence. The boom in the e-commerce industry has diversified online selling platforms and with the help of digital marketing, brands have been able to reach more customers and maximize engagement.
Major players operating in the food & beverages packaging machine industry are:
Market, By Product Type
Market, Packaging Type
Market, Automation
Market, Application
Market, Distribution Channel
The above information is provided for the following regions and countries:
Major players in the industry include Bosch Packaging Technology, Coesia S.p.A., FLSmidth A/S, GEA Group AG, IMA Group S.p.A., Krones AG, Marel hf., Mitsubishi Heavy Industries, Ltd., and Multivac Sepp Haggenmüller SE & Co. KG.
Filling machines accounted for approximately USD 4.9 billion in revenue in 2023 and are expected to grow at a CAGR of around 3.7% from 2024 to 2032, driven by the need for speed and efficiency in high-volume production.
The U.S. market generated around USD 3.1 billion in 2023 and is forecasted to grow at a CAGR of approximately 3.5% from 2024 to 2032, driven by the rising demand for packaged food and beverages.
The global market size for food & beverages packaging machine was valued at USD 14.8 billion in 2023 and is projected to reach USD 19.8 billion by 2032, driven by a CAGR of over 3.4% from 2024 to 2032.