Packaging Machinery Market Expands Significantly Due to Industry Growth and Enhanced Food Safety Measures | Meticulous Blog

The global packaging machinery market is on track to reach $62.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. In terms of volume, the market is expected to reach 13,603 thousand units, with a projected CAGR of 6.2% during the same period.

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The growth of the packaging machinery market is closely linked to the steady expansion of industries such as pharmaceuticals, food & beverage, and consumer electronics. These industries have seen robust growth in recent years, largely due to increasing consumer demand. As production scales up, so too does the need for efficient packaging machinery. Significant investments in these sectors are further boosting the demand for modern packaging solutions. For example, foreign direct investment (FDI) in the food processing industry reached USD 410.6 million between April and September 2022, an 86% increase compared to the same period in the previous year. Additionally, the EY FICCI report (2022) projects that India’s pharmaceutical market will grow to USD 130 billion by 2030, fueled by innovations in the sector. Globally, the pharmaceutical market is forecasted to surpass USD 1 trillion by 2023. This strong growth in the manufacturing sectors of various countries, including Spain, Germany, Italy, and Switzerland, is driving the demand for packaging machinery.

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Addressing the Impact of Foodborne Diseases: An Opportunity for Packaging Machinery

The increasing prevalence of foodborne diseases is a growing concern, with inadequate packaging processes often to blame. In countries such as the U.S., China, and India, the rise in foodborne illnesses is linked to poor packaging standards, which allow for contamination. Globally, the consumption of unsafe food results in approximately 600 million cases of foodborne illness each year, leading to 420,000 deaths. The U.S. alone experiences 76 million cases of foodborne illness annually, with 350,000 hospitalizations and 5,000 deaths. Children under five years old account for 30% of these deaths. The burden of foodborne diseases is especially severe in the WHO African Region, where 91 million people fall ill each year, resulting in 137,000 deaths. Diarrheal diseases are responsible for more than 70% of these cases. In response to this growing public health crisis, governments worldwide are implementing stricter regulations to enhance food safety. This regulatory shift presents new growth opportunities for packaging machinery manufacturers focused on developing safer, more 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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