Lucintel's latest market report analyzed that packaging machinery provides attractive opportunities in the food, beverage, chemical, personal care, and pharmaceutical markets. The packaging machinery market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, filling is the largest segment by machine type, whereas food is largest by end use industy. Growing logistics and transportation sector across the globe, increasing adoption of ecommerce websites, and increasing concerns regarding the safety and hygiene of the products provides strategic growth path in this market.
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Based on machine type, the packaging machinery market is segmented into filling, labeling, form fill seal, cartooning, wrapping, palletizing, bottling line, and others. The filling segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it is used in wide range of applications, such as bottle filling, powder filling, and filling fuels.
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The Packaging Machinery Market is marked by the presence of several big and small players. Some of the prominent players offering packaging machinery include KHS Group, Tetra Laval, Rovema GmbH, CKD Corporation, Coesia, Duravant, Fuji Machinery, Langley Holdings, Syntegon Technology GmbH, and Krones.
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