The packaging machinery market is expected to experience substantial growth over the next several years, with a forecasted value of $62.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. Additionally, the market volume is projected to reach 13,603 thousand units by 2030, growing at a CAGR of 6.2% during the same period.
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Key industries such as pharmaceuticals, food & beverage, and consumer electronics have been pivotal in driving this growth. These industries are seeing rising demand, which is pushing manufacturers to expand their operations, leading to a corresponding increase in the demand for packaging machinery. Investment trends have also been favorable, with industries embracing modern technologies to enhance efficiency. For instance, between April and September 2022, foreign direct investment (FDI) in the food processing sector increased by 86%, reaching USD 410.6 million. In the pharmaceutical sector, India is poised for significant growth, with its market projected to reach USD 130 billion by 2030, according to the EY FICCI report (2022), driven by innovations in drug development and production. On a global scale, the pharmaceutical market is expected to exceed USD 1 trillion by 2023. The increasing manufacturing activities in countries such as Spain, Germany, Italy, and Switzerland are contributing to the rising demand for advanced packaging machinery solutions.
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The Challenge of Foodborne Diseases: A Driving Force for the Packaging Machinery Market
The rise in foodborne diseases poses a significant challenge, often linked to poor packaging practices that can lead to contamination. Countries like India, the U.S., and China are seeing increased cases of foodborne illnesses, which have become a pressing public health issue. Annually, unsafe food consumption results in approximately 600 million cases of foodborne illness globally, culminating in around 420,000 deaths. In the U.S., the Centers for Disease Control and Prevention (CDC) estimates that foodborne diseases are responsible for 76 million cases, 350,000 hospitalizations, and 5,000 deaths each year, with 30% of these fatalities occurring in children under five years old. The WHO African Region is particularly affected, with more than 91 million people falling ill each year, resulting in 137,000 deaths, and diarrheal diseases making up over 70% of this burden. To combat these alarming statistics, governments around the world are implementing more stringent regulations and policies to enhance food safety, thereby creating significant opportunities for packaging machinery manufacturers to develop innovative, safe, and hygienic packaging solutions.
Key Players
The key players operating in the global packaging machinery market are Krones AG (Germany), TETRA PAK INTERNATIONAL S.A. (Switzerland), Adelphi Group of Companies (U.K.), FUJI MACHINERY CO., LTD. (Japan), Syntegon Technology GmbH (Germany), SIG Group AG (Switzerland), Barry-Wehmiller Group, Inc. (U.S.), COESIA S.P.A. (Italy), Marchesini Group S.p.A. (Italy), KHS GmbH (Italy), GEA Group Aktiengesellschaft (Germany), MULTIVAC Sepp Haggenmüller SE & Co. KG (Germany), OPTIMA Packaging Group GmbH (Germany), ISHIDA CO., LTD. (Japan), Omori Machinery Co., Ltd. (Japan), and TNA Australia Pty Limited (Australia).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of type, function, automation mode, end-use industry and geography?
- What is the historical market size for packaging machinery across the globe?
- What are the market forecasts and estimates for the period 2023–2030?
- What are the major drivers, restraints, opportunities, and challenges in the global packaging machinery market?
- Who are the major players in the market, and what are their market shares?
- How is the competitive landscape for the global packaging machinery market?
- What are the recent developments in the global packaging machinery market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global packaging machinery market, and how do they compete with other players?
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