The global packaging machinery market comprises machinery involved in packaging products, materials, or goods in protective wrappers, containers or casing to prevent damage during shipping and storage. Packaging machinery plays a vital role in preserving products, materials or goods, preventing damage, contamination, tampering, pilferage and increasing the marketability and shelf life of the packed products. Key packaging machinery include labellers, fillers, sealers, wrappers, coders, carton erectors and fillers. Labelling machines affix labels on packages, bottles and containers. Filling machines fill preformed bottles, trays and containers with liquid or solid products.
Packaging Machinery Market Demand mechanically apply cellophane, heat-shrink film or other plastic films to products or group of products. Sealers hermetically seal filled or sealed packages, trays and containers. Modern packaging machinery utilizes digitized control systems and robotics to efficiently package a variety of products at high speeds with minimal human intervention. The latest trends in packaging machinery incorporate sustainability aspects with focus on reducing material wastage, using eco-friendly materials and minimizing carbon footprint of packaged products.
The packaging machinery market is estimated to be valued at USD 58.32 Bn in 2024 and is expected to reach USD 87.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Key Takeaways
Key players operating in the Packaging Machinery are Langley Holding plc, Maillis Group, Rovema GmbH, Douglas Machine Inc., KHS Group, SIG, Tetra Laval International S.A., Krones AG, ProMach, GEA Group Aktiengesellschaf, Sacmi, Coesia S.p.A., and Duravant. Langley Holding plc is a leading manufacturer of wrapping machines whereas Krones AG is a prominent supplier of bottling and packaging lines.
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