July 14, 2022 04:10 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, July 14, 2022 (GLOBE NEWSWIRE) -- The global packaging machinery market is set to witness an impressive growth rate of 4.5% over the forecasted years of 2022 to 2032. The packaging machinery market size is anticipated to reach a valuation of around US$ 88.25 Billion by the end of year 2032 from the current valuation of US$ 56.87 Billion in 2022. 

The expanding conventional food & beverages intake, shifting consumer preferences toward organic and functional drinks, and a rise in the diversity of snacks and packaged products are all expected to have a positive impact on the sales of packaging machinery in the coming years. During the upcoming years, packaging machinery market expansion is predicted to be aided by expanding personal hygiene and health awareness along with steadily increasing expenditure on pharmaceutical products.

The need for highly complex packaging equipment for pharmaceutical items is expected to be increasing in the coming days, thus favoring the packaging machinery market opportunities in the future.

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Key Takeaways from Market Study 

Some of the well-known packaging machinery market players are KHS Group, SIG Combibloc Group Ltd., Tetra Laval International S.A., Krones AG, I.M.A. Industrial Macchine, Automatiche S.p.A., Syntegon Technology GmbH, ProMach, GEA Group Aktiengesellschaft, Sacmi, Bradman Lake Ltd., ROVEMA GmbH, Douglas Machine Inc., Coesia S.p.A, Maillis Group, and Duravant, among others. 

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Recent Developments in the Global Packaging Machinery Market: 

Packaging Machinery Market by Segmentation 

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        3.5.1. Supply Side Participants and their Roles

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.8. PESTLE and Porter’s Analysis

4. Global Packaging Machinery Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

Have a Look at Related Research Reports of Packaging Market Insights Landscape

FMCG Packaging Market: The global FMCG packaging market is expected to reach US$ 418.8 Bn in 2022, with sales growing at a CAGR of 5.7% through 2032.

Beverage Packaging Market: The global beverage packaging market is estimated at USD 104.8 Bn in 2022 and is projected to reach USD 128.2 Bn by 2027, at a CAGR of 4.1% from 2022 to 2027.

Flexible Packaging Paper Market: The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022-2032.

Biodegradable Packaging Market: A mounting number of manufacturers in the packaging industry are making a move towards the use of unique biodegradable materials in their packaging solutions.

Cast Stretch Films Market: The cast stretch films market is projected to register a CAGR of 4.7% during the forecast period, up from US$ 2.45 Bn in 2021 to reach a valuation of US$ 4 Bn by 2032.

Specimen Transport Bags Market Trend: The specimen transport bags market is expected to record a CAGR of 9.8% during the forecast period 2022-2032, up from US$ 244.7 Million in the year 2022 to reach a valuation of US$ 623.24 Million by 2032.

Plastic Sterilization Trays Market Analysis: The plastic sterilization trays market is likely to record a strong CAGR of 7.7% during the forecast period. The plastic sterilization trays market is currently valued at US$ 14.86 Bn in 2022 and is likely to reach US$ 31.20 Bn by 2032.

Sterilization Box Market Growth: The sterilization box market is likely to record a CAGR of 7.5% during the forecast period, up from US$ 14.84 Bn in 2022 to reach a valuation of US$ 30.58 Bn by 2032.

Corrugated Open-head Drums Market Forecast: The corrugated open head drums market is likely to record a strong CAGR of 8% during the forecast period. The corrugated open head drums market is currently valued at US$ 12 Bn in 2022 and is likely to reach US$ 28 Bn by 2032.

Commercial Paper Bags Market Volume: The global commercial paper bags market size is likely to reach US$ 11.2 Billion in 2032 and exhibit growth at a CAGR of 7.5% in the forecast period from 2022 to 2032.

Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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