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Packaging Equipment Market Size

Report ID: GMI2829
Published Date: Jan 2022
Report Format: PDF

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Packaging Equipment Market Size

Packaging Equipment Market Size exceeded USD 35 billion in 2020 and is projected to expand at over 4% CAGR from 2021 to 2027. The market growth is attributed to the rising demand for automation in the packaging area.

Packaging Equipment Market Overview

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Manufacturers are focusing on adding modern robotic solutions integrated with AI, machine learning & advanced algorithm across the existing conveyor belts to reduce packaging errors. Cam Industrial & Remtech Systems is developing a tailor-made autonomous packaging solution to replace the present packaging process. It eliminates the need to handle sealing bags & manually count the samosas, thus increasing department efficiency. The solution will support the company in increasing its production capacity to cater to a large set of customers in the market.

The coronavirus pandemic has slightly affected the global market. The sudden occurrence of the virus has encouraged government authorities to impose stringent lockdown norms & social distancing practices. The introduction of travel regulations has shifted consumer attention toward packaged foods & beverages for daily meals.

In addition, the spread of the virus among factory workers has created labor shortage challenges for manufacturers & production houses, impacting the productivity of packaging activities. This factor has encouraged the deployment of advanced packaging equipment to meet the industry demand. The increase in adoption will support packaging equipment growth in the coming years.

Packaging Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2020
Packaging Equipment Market Size in 2020:	USD 35 billion
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	4%
2027 Value Projection:	USD 50 billion
Historical Data for:	2017 to 2020
No. of Pages:	300
Tables, Charts & Figures:	455
Segments covered:	Product, Application, Region
Growth Drivers:	Growing demand for personal care products packaging and pharmaceutical packaging in North America & Europe Rising e-commerce industry in Asia Pacific and Europe Increasing demand for packaged food & beverages in Asia-Pacific Rising adoption of automation for packaging equipment in Latin America Increase use of energy efficient packaging equipment in MEA
Pitfalls & Challenges:	High initial investment cost of packaging equipment Fluctuating raw material prices

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size of packaging equipment surpassed USD 35 billion in 2020 and will exhibit CAGR of over 4% through 2027 with the rising demand for automation in packaging sector.

The U.S. market will record CAGR of over 4% through 2027 owing to the ongoing technology innovations and strong presence of various leading players in the region.

Asia Pacific market will observe over 6% CAGR through 2027 owing to the expansion of the regional e-commerce industry and shifting consumer focus toward online shopping.

Germany packaging equipment industry will register a CAGR of over 5% through 2027 with the increasing product demand in the country driven by the rising export from the pharmaceutical sector.

The major players active in the market include Graphic Packaging Holding, SIG Combibloc Group Ltd., GEA Group, I.M.A Group, Salzgitter AG, OPTIMA Packaging Group GmbH, SACMI Imola SC, FUJI MACHINERY Co., Ltd., CKD Corporation, Langley Holdings Plc, Douglas Machine Inc., Marchesini Group, Syntegon Technology GmbH, and Barry-Wehmiller Group, Inc.