Packaging Machinery Global Market Report 2024

Packaging machinery encompasses a variety of machines designed for the packaging of items or components, providing physical or barrier protection. These machines are involved in forming, sealing, filling, cleaning, wrapping, and packaging at different levels of industrialization. Additionally, they include related machinery for sorting, counting, and accumulating.

The main types of machines in packaging machinery include filling machines, labeling machines, form-fill-seal machines, cartoning machines, wrapping machines, palletizing machines, and bottling lines. Filling machines, for example, are employed to dispense products into containers by allowing a container to pass over a hole and chute, filling the packets with the product. Various technologies used in packaging machinery include general packaging, modified atmosphere packaging, and vacuum packaging, with businesses involved in both OEM (original equipment manufacturer) and aftermarket services. Packaging machinery finds extensive use in industries such as beverages, food, chemicals, personal care, and pharmaceuticals.

The packaging machinery market research report is one of a series of new reports that provides packaging machinery market statistics, including packaging machinery industry global market size, regional shares, competitors with an packaging machinery market share, detailed packaging machinery market segments, market trends and opportunities, and any further data you may need to thrive in the packaging machinery industry. This packaging machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The packaging machinery market size has grown strongly in recent years. It will grow from $43.76 billion in 2023 to $46.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The expansion observed in the historical period can be attributed to various factors, including the increased global population and consumer demand, growth in the food and beverage industry, expansion of e-commerce and retail packaging, a focus on automation and efficiency in packaging processes, and the rising demand for sustainable and eco-friendly packaging solutions.

The packaging machinery market size is expected to see strong growth in the next few years. It will grow to $59.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be attributed to several factors, including the adoption of smart and IoT-enabled packaging machinery, the expansion of the personal care and cosmetics packaging market, ongoing research and development in flexible and sustainable packaging technologies, the demand for customized and specialized packaging solutions, and a heightened emphasis on packaging machinery for pet food and animal care products. Notable trends in the forecast period encompass the implementation of robotic packaging automation, the adoption of sustainable packaging solutions, advancements in labeling and printing equipment, the development of packaging machinery tailored for e-commerce and parcel services, and the integration of aseptic packaging technology.

The anticipated growth of the packaging machinery market is driven by the increasing demand for packaged food and beverages. Evolving consumer lifestyles have led to a heightened preference for processed and convenient food and beverage products. In emerging economies, the expanding working population exhibits a greater need for processed foods and an increased consumption of convenience items. Moreover, the impact of COVID-19 has altered consumer preferences and behaviors, resulting in an increased adoption of packaged food and beverages. For example, Bizom data from July 2021 indicated a 95% year-on-year growth in packaged food sales, driven by the popularity of ready-to-eat products and a rise in out-of-home consumption. Thus, the escalating demand for packaged food and beverages propels the growth of the packaging machinery market.

The expansion of the e-commerce industry is poised to contribute to the growth of the packaging machinery market. E-commerce, involving online buying and selling, requires versatile packaging machinery to accommodate diverse product sizes and shapes. As per a report from the International Trade Administration in October 2021, it is anticipated that e-commerce for consumer goods will represent approximately 22% of global retail sales by 2024, growing at an average rate of over 1%. The projections also indicate a consistent 8% increase in global retail e-commerce sales through 2024. Consequently, the thriving e-commerce sector is a significant driver for the growth of the packaging machinery market.

The introduction of new products stands out as a notable trend in the packaging machinery sector. The increasing demand for packaged products, especially in industries like food and beverages, necessitates more efficient and productive packaging machinery. In response, companies are launching enhanced products to meet this demand. For instance, Syntegon introduced the Syntegon RPP in June 2021, a pick-and-place platform designed for product handling, feeding, and loading, setting a new benchmark in packing line automation.

Major companies in the packaging machinery market are innovating by developing products such as automated packaging solutions to cater to larger customer bases, increase sales, and boost revenue. Automated packaging solutions involve comprehensive systems or processes that execute packaging tasks with minimal human intervention, covering activities like sorting, filling, sealing, labeling, and palletizing. Ranpak Holdings Corp. launched Cut’it! EVO in September 2022, known for significantly enhancing packaging output, reducing operational expenses, and promoting sustainability. This solution minimizes the need for temporary labor and reduces the dimensional volume to be shipped by an average of 25%.

In June 2022, ProMach, a US-based packaging machinery company, announced the acquisition of Reepack for an undisclosed amount. This strategic move aims to expand ProMach's presence in the food packaging sector and solidify its position as a leading supplier of automation solutions for protein packaging. Reepack, an Italy-based company, specializes in manufacturing packaging machinery for various industries, including medical, food, consumer goods, and industrial components.

Major companies operating in the packaging machinery market include Aetna Group S.p.A., B&H Manufacturing Company Inc., Barry-Wehmiller Companies Inc., CKD Corporation, Coesia S.p.A., Bosch Packaging Technology (part of Robert Bosch GmbH), Krones Group, Marchesini Group S.p.A., Berhalter AG, Adelphi Group of Companies, Fuji Machinery Co. Ltd., Great Pack Co. Ltd., Ishida Co. Ltd., Sanko Machinery Co. Ltd., Pro Mach Inc., Multivac Group, Tetra Laval International S.A., Robert Bosch GmbH, IMA Group S.p.A., Duravant LLC, Oystar Holding GmbH, Accraply Inc., KHS GmbH, Langley Holdings PLC, PMI Cartoning Inc., Bradman Lake Group Ltd., ADCO Manufacturing, Schneider Packaging Equipment Co. Inc., Omori Machinery Co. Ltd., Rovema GmbH, Smurfit Kappa Group, Hangzhou Youngsun Intelligent Equipment Co. Ltd.

Asia-Pacific was the largest region in the packaging machinery market in 2023. The regions covered in the packaging machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the packaging machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The packaging machinery market consists of sales of box cutters and safety knives, heat sealing and shrink wrapping, industrial scales, packing dispensers, tands and air pillows, packing tapes, dispensers, plastic strapping equipment, staple guns, steel banding, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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