- Category : Manufacturing and Transportation
- Region : Global
- Publishing Date : 03/01/2020
Global Packaging Equipment Market, By Machine Type (Filling, FFS, Cartoning, Palletizing, Labelling, Wrapping, Cleaning & Sterilizing and Others), By Packaging Technology (General, Modified Atmosphere, Vacuum), By End Use (Food Beverage, Pharmaceutical, Personal Care, Chemical and Others) and Region - Industry Analysis & Forecast to 2024
The global packaging equipment market is expected to grow from ~USD 45.0 billion in 2019 to ~USD 57.0 billion by 2024 at a CAGR of about 4.8%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global packaging equipment market. The historic years considered for the study are 2015-2017, the base year is 2018, the estimated year is 2019, and forecast period is 2019-2024.
Some of key packaging equipment participants include Barry Whemiller, Coesia, Krones, Mamata, Nordson, Pro Mach, Automated Packaging Systems, Dover, GEA Group, Graphic Packaging Holding, Illinois Tool Works and Multivac.
Market Definition
Packaging equipment refers to a device that is used for packing commodities irrespective of their sizes. It plays an important role in providing shock resistance and ensuring the safety of the goods. The demand for packaging equipment is solely driven by the increased customer product demand and development of energy efficient machines.
Market Drivers
Growing e-commerce industry
Knowledge about preserving product quality by improving its packaging.
Increased demand for secure packaging to transport goods.
Market Restraints
Strict government rules for safety and packaging
Fluctuating prices of the raw materials.
Market Opportunities
Increase in the automation process in packaging equipment sector will minimize the cost of human.
Adapting to the new technologies will help the manufactures sustain their market share.
Market Challenges
Accelerated advancements in technology and the cost for labour.
Regional Analysis
On the basis of region, North America is foreseen to dominate the overall market due to the rapid adoption of advanced technology packaging machiness. Lack of packaging equipment production base in Germany, Italy, the U.S., China, and Japan makes the end users in the region to look for imported machineries. The growth in the APAC region is accounted by inclined investments and automations in end use.
Critical Questions Answered in the Report
What are the key trends in the global packaging equipment market?
How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the global packaging equipment market?
What is the market share of the top vendors?
Our research methodology consists of both primary and secondary research, wherein primary research data comprises of 85% and secondary research data comprises of 15%. It involved the extensive secondary sources such as annual reports of the leading packaging manufacturers, packaging associations and the leading packaging industry associations. The research also involved the usage of paid databases such as Bloomberg, Factiva, Hoovers, and many others, in order to collect information useful for a technical and market-oriented study of the packaging equipment market. The primary sources mainly includes industry experts from packaging industries and preferred suppliers, packaging manufacturers, technologists, certified organizations, packaging associations and organizations related to all segments of this value chain. Primary interviews were organized and conducted with various primary respondents of this industry. These includes subject matter experts (SMEs), packaging industry participants, industry consultants, and executives of leading companies. We conduct in-depth interviews with these people in order to gain meaningful qualitative and quantitative information and also analyze the future prospects.
Primary Research
The packaging equipment market involves the various stakeholders in the whole supply chain such as material suppliers, processors, and end-use manufacturers. The extensive primary research was conducted in order to gain a meaningful insights about the market and industry growth. For the packaging equipment report, we have conducted primary surveys with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major manufacturers active in the packaging and converting industry. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global protective packaging market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, geographic markets, and developments related to the market and technology. We have gone through various credible sources such as annual reports, journals, white papers, SEC filings, company websites, and paid databases.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Knowledge about preserving product quality by improving its packaging
4.2.2 Increased demand for secure packaging to transport goods
4.3 Restraints
4.3.1 Strict government rules for safety and packaging
4.3.2 Fluctuating prices of the raw materials
4.4 Opportunities
4.4.1 Increase in the automation process in this sector will minimize the cost of human
4.4.2 Adapting to the new technologies will help the manufactures sustain their market share
4.5 Challenges
4.5.1 Accelerated advancements in technology and cost of labour
4.6 Porter's Five Forces Model Analysis
4.7 Value Chain Analysis
4.8 Regulatory Landscape
5 Global Packaging Equipment Market, By Machine Type
5.1 Introduction
5.2 Filling
5.3 FFS
5.4 Cartoning
5.5 Palletizing
5.6 Labelling
5.7 Wrapping
5.8 Cleaning & Sterilizing
6 Global Packaging Equipment Market, By Packaging Technology
6.1 Introduction
6.2 General
6.3 Modified Atmosphere
6.4 Vacuum
7 Global Packaging Equipment Market, By End Use
7.1 Introduction
7.2 Food Beverage
7.3 Pharmaceutical
7.4 Personal Care
7.5 Chemical
7.6 Others
8 Global Packaging Equipment Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.4.6 Rest of Asia-Pacific
8.5 Middle East and Africa
8.6 South America
9 Competitive Landscape
9.1 Introduction
9.2 Vendor Evaluation Criteria
9.3 Vendor Share Analysis, 2019 (%)
9.4 Recent Developments, 2016-2019
9.4.1 New Product Launches
9.4.2 Partnerships
9.4.3 Mergers or Acquisitions
9.4.4 Business Expansions
10 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
10.1 Barry Whemiller
10.2 Coesia
10.3 Krones AG
10.4 Mamata
10.5 Nordson
10.6 ProMach
10.7 Automated Packaging Systems
10.8 Dover Corporation
10.9 GEA Group
10.10 Graphic Packaging Holding
10.11 Illinois Tool Works
10.12 Multivac
11 Appendix
11.1 Discussion Guide
11.2 Customization Options
11.3 Related Reports
List of Tables
Table 1 Global Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 2 Global Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 3 Global Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 4 Global Packaging Equipment Market, By Region, 2015-2024 (USD Million)
Table 5 North America Packaging Equipment Market, By Country, 2015-2024 (USD Million)
Table 6 North America Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 7 North America Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 8 North America Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 9 US Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 10 US Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 11 US Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 12 Canada Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 13 Canada Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 14 Canada Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 15 Mexico Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 16 Mexico Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 17 Mexico Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 18 Europe Packaging Equipment Market, By Country, 2015-2024 (USD Million)
Table 19 Europe Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 20 Europe Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 21 Europe Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 22 Germany Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 23 Germany Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 24 Germany Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 25 UK Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 26 UK Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 27 UK Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 28 France Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 29 France Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 30 France Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 31 Italy Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 32 Italy Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 33 Italy Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 34 Spain Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 35 Spain Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 36 Spain Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 37 Rest of Europe Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 38 Rest of Europe Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 39 Rest of Europe Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 40 Asia-Pacific Packaging Equipment Market, By Country, 2015-2024 (USD Million)
Table 41 Asia-Pacific Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 42 Asia-Pacific Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 43 Asia-Pacific Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 44 China Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 45 China Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 46 China Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 47 India Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 48 India Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 49 India Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 50 Japan Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 51 Japan Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 52 Japan Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 53 South Korea Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 54 South Korea Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 55 South Korea Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 56 Rest of Asia-Pacific Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 57 Rest of Asia-Pacific Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 58 Rest of Asia-Pacific Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 59 Middle East and Africa Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 60 Middle East and Africa Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 61 Middle East and Africa Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
Table 62 South America Packaging Equipment Market, By Machine Type, 2015-2024 (USD Million)
Table 63 South America Packaging Equipment Market, By Packaging Technology, 2015-2024 (USD Million)
Table 64 South America Packaging Equipment Market, By End Use, 2015-2024 (USD Million)
List of Figures
Figure 1 Global Packaging Equipment Market: Market Segmentation
Figure 2 Global Packaging Equipment Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Packaging Equipment Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Packaging Equipment Market: Porter's Five Forces Model Analysis
Figure 9 Global Packaging Equipment Market: Value Chain Analysis
Figure 10 Global Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 11 Global Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 12 Global Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 13 Global Packaging Equipment Market Share Analysis, By Region, 2019 and 2024
Figure 14 North America Packaging Equipment Market Share Analysis, By Country, 2019 and 2024
Figure 15 North America Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 16 North America Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 17 North America Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 18 Europe Packaging Equipment Market Share Analysis, By Country, 2019 and 2024
Figure 19 Europe Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 20 Europe Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 21 Europe Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 22 Asia-Pacific Packaging Equipment Market Share Analysis, By Country, 2019 and 2024
Figure 23 Asia-Pacific Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 24 Asia-Pacific Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 25 Asia-Pacific Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 26 Middle East and Africa Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 27 Middle East and Africa Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 28 Middle East and Africa Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 29 South America Packaging Equipment Market Share Analysis, By Machine Type, 2019 and 2024
Figure 30 South America Packaging Equipment Market Share Analysis, By Packaging Technology, 2019 and 2024
Figure 31 South America Packaging Equipment Market Share Analysis, By End Use, 2019 and 2024
Figure 32 Global Packaging Equipment Market: Competitive Benchmarking
Figure 33 Global Packaging Equipment Market: Vendor Share Analysis, 2019 (%)