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Modular Packaging Equipment Market Share

Report ID: GMI12823
Published Date: Dec 2024
Report Format: PDF

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Modular Packaging Equipment Market Share

In 2024, key companies like Krones, Tetra Pak, Rockwell Automation, Multivac, IMA Group, Bosch Packaging Technology, Sidel Group and Packaging Automation held a combined market share of 10%-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.

Modular Packaging Equipment Market Companies

Major players operating in the modular packaging equipment industry are:

Bosch Packaging Technology
Coesia
Combi Packaging Systems
IMA Group
Krones
Marchesini Group
Marel
Multivac
NJM Packaging
Packaging Automation
ProMach
Rockwell Automation
Sidel Group
Tetra Pak
Unipak Machinery

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for modular packaging equipment was valued at USD 14.2 billion in 2023 and is projected to reach USD 23.4 billion by 2034, driven by a CAGR of 5.2% during the forecast period.

The modular packaging equipment industry from automatic segment held approximately 45% of the market share in 2024 and is expected to grow at a CAGR of 5.4% from 2025 to 2034, driven by the demand for high-speed and large-scale production in industries like food and beverage and pharmaceuticals.

The U.S. accounted for around 82% of the North America market in 2024, driven by the rapid growth of e-commerce and the need for flexible packaging solutions.

Major players in the industry include Bosch Packaging Technology, Coesia, Combi Packaging Systems, IMA Group, Krones, Marchesini Group, Marel, Multivac, NJM Packaging, Packaging Automation, and ProMach.