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Modular Packaging Equipment Market Trends

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

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Modular Packaging Equipment Market Trends

Another important trend is the demand for sustainable packaging solutions. Environmental concerns and stricter regulations on packaging waste are prompting businesses to invest in sustainable packaging technologies. Consumers are increasingly seeking products that use eco-friendly packaging, and regulatory bodies are introducing more stringent laws to reduce packaging waste, particularly plastic. Modular packaging systems play a crucial role in this shift, as they offer flexibility in terms of material usage, enabling manufacturers to experiment with new, sustainable materials such as biodegradable plastics, paper-based packaging, and recyclable materials. Modular systems are also contributing to sustainability by enabling manufacturers to reduce material waste and optimize packaging processes to minimize their carbon footprint.

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.