Packaging Machine Market Worth $65.18 Billion by 2025 | CAGR: 5.2%: Grand View Research, Inc.

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15 Jul, 2019, 10:05 GMT

SAN FRANCISCO, July 15, 2019 /PRNewswire/ -- The global packaging machinery market size is projected to be valued at USD 65.18 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% during the forecast period. Increasing total manufacturing output, especially in the developing industrial economies of the world coupled with growing demand and booming e-commerce industry is predicted to boost the market.

Key suggestions from the report:

The U.S. packaging machine market revenue is projected to register a CAGR of 9.2% over the forecast period. Several factors including customer preferences towards convenience foods coupled with the rapidly expanding e-commerce industry as well as various regulations with respect to serialization and traceability are projected to drive the growth
Russia, in terms of revenue, was valued at USD 3.25 billion and is projected to reach USD 4.35 billion over the forecast period. Its efforts towards gradually increasing local production especially in the food and pharmaceutical sector is likely to augment the regional demand
India is expected to reach USD 6.66 billion by 2025. In 2018, the country was among one of the largest markets in the region owing to the growing population, domestic consumption as well as huge investments taking place especially in the food, pharmaceutical, and personal care industries
In September 2018, Robert Bosch Packaging Technology agreed to form a partnership with ASPIRx Ltd. located in Ghana, to produce pharmaceuticals. The role of Bosch Packaging Technology in this partnership was to design and provide a multi-purpose system, which will manufacture and package both solid and liquid pharmaceuticals
In February 2019, ProMach, Inc. acquired Code Tech Corporation thus expanding its labeling and coding solutions portfolio

Read 168 page research report with TOC on "Packaging Machinery Market Size, Share & Trends Analysis Report By Machine Type (Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line), By End Use, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/packaging-machinery-market

Growing demand from several Consumer Packaged Goods (CPG) manufacturers globally for highly sophisticated and efficient machinery at a competitive price is expected to boost the global packaging machine market by 2025. Moreover, rising demand for a wide variety of products as well as for different product sizes is expected to further boost the growth.

Increasing R&D investments by major players to manufacture machinery with overall equipment effectiveness is predicted to fuel the packaging machine market growth over the forecast timeframe. Growing demand for automation and machinery optimization by end-users as well as continued demand for complete packaging lines and modular machines is anticipated to encourage the market development in near future.

Food end-use industry was worth USD 10.18 billion in 2018 and is expected to reach USD 13.90 billion over the forecast period. The food sector includes processed fruits and vegetables, cereals, frozen food, chocolate, bakery products, snacks, and meat among others. Pharmaceutical is anticipated to witness the fastest CAGR of 7.0% over the forecast period. The pharmaceutical end-use sector includes various drugs, capsules, tablets, lotions, ampoules, medical devices, and other pharma and healthcare products.

In terms of machine type, filling machine type segment was valued at USD 6.67 billion in 2018 and is predicted to witness steady growth over the forecast period. In 2018, form-fill-seal machine type segment accounted for 16.37% of the global packaging machine market share. Growing popularity of flexible packaging coupled with trend towards small portions and single serve packages as well as changing consumer preferences is expected to foster the growth over the forecast period.

Grand View Research has segmented the global packaging machine market on the basis of machine type, end use, and region:

Packaging Machinery Machine Type Outlook (Revenue, USD Billion, 2015 - 2025)

Filling
Labeling
Form-Fill-Seal
Cartoning
Wrapping
Palletizing
Bottling Line
Others

Packaging Machinery End Use Outlook (Revenue, USD Billion, 2015 - 2025)

Beverage
Food
Chemicals
Personal Care
Pharmaceutical
Others

Packaging Machinery Regional Outlook (Revenue, USD Billion, 2015 - 2025)

North America

U.S.
Canada
Mexico

Europe

Germany
Italy
Russia
Spain
U.K.

Asia Pacific

China
India
Japan
Australia
South Korea

Central & South America

Brazil

Saudi Arabia
UAE

Find more research reports on Food Safety & Processing Industry, by Grand View Research:

Liquid Packaging Cartons Market – Key driver for the growth of Liquid packaging cartons market is the inclination of population towards packaged food and beverages.
Poultry Meat Processing Equipment Market – Global poultry meat processing equipment market is expected to witness augmented growth on account of rising consumer preference for high-protein foods and technological developments in food processing equipments.
Vacuum Packaging Market – Global vacuum packaging market is expected to reach over USD 30 billion by 2022 growing at an estimated CAGR of over 4% over the forecast period. Increasing demand for hygienic packaged food is expected to propel the product demand over the next seven years

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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