Packaging machinery plays a critical role in the manufacturing and production processes of various industries. Understanding the statistics and trends within the packaging machinery industry is essential for businesses to make informed decisions and stay competitive in the market. In this blog post, we will explore key statistics and insights that shed light on the current state and future outlook of the packaging machinery industry.
The Latest Packaging Machinery Industry Statistics Explained
The global packaging machinery market size was valued at USD 43.5 billion in 2020.
The statistic “The global packaging machinery market size was valued at USD 43.5 billion in 2020” indicates the total value of sales for packaging machinery products worldwide during the year 2020. This figure suggests the significant size and value of the packaging machinery industry, underscoring its importance in various sectors such as food and beverage, pharmaceuticals, cosmetics, and more. This data is crucial for industry analysts, investors, and policymakers to understand the scale of the market and make informed decisions regarding investments, technological advancements, and market strategies within the packaging machinery sector.
The packaging machinery market is expected to grow at a CAGR of 5.2% from 2021 to 2028.
This statistic indicates that the packaging machinery market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.2% from the year 2021 to 2028. CAGR is a measure used to represent the smooth annual growth rate of an investment over a specified period of time, in this case, 7 years. The expected 5.2% CAGR suggests that the market for packaging machinery is anticipated to incrementally increase at this rate annually over the specified period, reflecting a positive trend in demand and potential opportunities for market expansion and industry development within the packaging machinery sector.
Filling and dosing machinery segment held the dominant market share of more than 20.0% in 2020.
The statistic indicates that the filling and dosing machinery segment was the leading player in the market in 2020, holding a market share of over 20.0%. This suggests that this specific segment of machinery for filling and dosing products was more widely adopted and used compared to other segments in the market. The dominance of this segment could be attributed to factors such as technological advancements, reliability, efficiency, and cost-effectiveness, making it the preferred choice for businesses and industries in need of filling and dosing solutions. This statistic highlights the competitive edge and market strength of the filling and dosing machinery segment within the industry in 2020.
The food & beverage segment led the market and accounted for more than 40.0% share of the global revenue in 2020.
This statistic indicates that the food & beverage segment was the largest contributor to the global market revenue in 2020, holding over 40.0% share. Essentially, this means that of all the industry segments operating within the market, the food & beverage sector generated the highest revenue, outpacing other sectors. This could suggest strong demand for food and beverages, effective marketing strategies within the industry, or possibly even shifts in consumer preferences towards these products. Understanding which segments are leading in market share provides valuable insights into market trends, competitive positioning, and future growth opportunities for businesses operating within that industry.
Asia Pacific emerged as the fastest-growing regional market in 2020.
The statistic “Asia Pacific emerged as the fastest-growing regional market in 2020” indicates that the Asia Pacific region experienced the highest rate of growth compared to other regions in terms of market performance or economic indicators during the year 2020. This implies that businesses, industries, and economies within the Asia Pacific region expanded at a quicker pace relative to other regions, reflecting positive developments such as increased investment, consumption, and overall economic activity. Factors contributing to this rapid growth in Asia Pacific could include strong domestic demand, robust export performance, government policies, and external factors such as global trade dynamics. This statistic highlights the importance of the Asia Pacific region as a key driver of economic growth and demonstrates its resilience amidst various challenges and uncertainties in the global landscape.
By 2025, it is expected that the packaging machinery industry in India will reach USD 18 billion.
The statistic suggests that the packaging machinery industry in India is projected to grow significantly by the year 2025, with an expected market value of USD 18 billion. This indicates a strong and steady growth trajectory for the industry in India, driven by factors such as increasing demand for efficient packaging solutions, technological advancements in machinery, and growth in industries such as food and beverage, pharmaceuticals, and consumer goods. The projected growth in the packaging machinery industry signifies opportunities for businesses and investors to capitalize on the expanding market in India, potentially leading to economic benefits and job creation within the sector.
The pharmaceutical sector is expected to grow at the fastest rate within the packaging machinery industry.
The statement “the pharmaceutical sector is expected to grow at the fastest rate within the packaging machinery industry” indicates that among all the sectors using packaging machinery, the pharmaceutical industry is projected to have the highest growth rate. This prediction suggests that there is an increasing demand for packaging machinery in the pharmaceutical sector compared to other industries. This growth may be attributed to factors such as the rising global population, advancements in pharmaceutical research and development leading to more products needing packaging, stringent regulations on packaging quality for pharmaceutical products, and increasing automation and efficiency needs in the industry. As a result, companies manufacturing packaging machinery may focus on catering to the specific needs and requirements of the pharmaceutical sector to capitalize on this anticipated growth opportunity.
Europe accounted for a 32.2% share in the global packaging machinery market in 2016.
This statistic indicates that in 2016, Europe held a significant market share of 32.2% in the global packaging machinery industry. This suggests that Europe played a substantial role in the production and consumption of packaging machinery during that year. The high market share of Europe implies that the region is a key player in the global packaging machinery market, both in terms of manufacturing and demand for such machinery. This statistic highlights the importance of Europe as a market for packaging machinery companies and signifies the region’s influence and competitiveness in the industry on a global scale.
The global demand for packaging robots is projected to grow at a CAGR of nearly 9.6% during 2021-2026.
This statistic indicates that the global demand for packaging robots is expected to experience significant growth over the period from 2021 to 2026, with a compound annual growth rate (CAGR) of approximately 9.6%. This suggests that there is a strong and increasing demand for automation and robotics in the packaging industry worldwide. The projected growth rate implies that the market for packaging robots is expanding rapidly, driven by factors such as industry automation trends, increasing efficiency and productivity needs, and advancements in robotic technology. This growth outlook indicates opportunities for companies operating in the packaging robot industry to capitalize on the rising demand and potentially achieve substantial market growth in the coming years.
The use of smart packaging systems, which utilize QR codes and other interactive packaging elements, is increasing in the industry.
The statistic suggests a growing trend in the industry towards the adoption of smart packaging systems that incorporate QR codes and other interactive elements. These advanced packaging technologies offer various benefits such as enabling manufacturers and consumers to access additional product information easily and efficiently. Furthermore, smart packaging can enhance consumer engagement by providing interactive experiences that add value and convenience to the product. The increasing use of these innovative packaging solutions reflects a broader shift towards digitalization and connectivity in the packaging industry, as companies seek to leverage technology to improve customer experiences and streamline supply chain processes.
In 2015, approximately 650,000 new machines were sold in the global packaging machinery market.
The statistic “In 2015, approximately 650,000 new machines were sold in the global packaging machinery market” indicates the total number of new packaging machines that were purchased worldwide during that year. This figure serves as a key indicator of the level of activity and growth within the packaging machinery industry. The high number of machines sold suggests a strong demand for packaging equipment, potentially driven by factors such as increased consumer goods production, expanding e-commerce markets, and technological advancements in packaging technology. Analyzing trends in the global packaging machinery market can provide insights into overall economic conditions, industry competition, and emerging opportunities for manufacturers and suppliers in the packaging sector.
The labeling and coding segment in the packaging machinery market is projected to reach USD 7.10 billion by 2028.
The statistic provided indicates a projected value of USD 7.10 billion for the labeling and coding segment within the packaging machinery market by the year 2028. This figure represents the estimated amount of revenue that this specific segment, which focuses on the processes of labeling and coding products for packaging, is expected to generate within the packaging machinery industry. The growth projection suggests an increasing demand and investment in labeling and coding technologies, likely driven by factors such as automation, efficiency improvements, and quality control requirements in packaging operations. This forecast provides valuable insight for industry stakeholders, businesses, and decision-makers in understanding the market potential and strategic opportunities within the packaging machinery sector.
The U.S. packaging machinery market was valued at USD 3.1 billion in 2018.
The statistic stating that the U.S. packaging machinery market was valued at USD 3.1 billion in 2018 indicates the total worth of packaging machinery sold within the United States during that year. This value reflects the substantial size and economic significance of the packaging machinery industry within the U.S. market. The figure serves as a key indicator not only of the market’s size and scope but also of its overall economic impact, as packaging machinery is essential for various industries such as food and beverage, pharmaceuticals, and cosmetics. Monitoring the market value provides insights into trends, developments, and potential growth opportunities within the U.S. packaging machinery sector.
The packaging machinery market was led by Coesia and Illinois Tool with respective market shares of 9.5% and 9% in 2018.
This statistic indicates that in 2018, the packaging machinery market was dominated by two major players, Coesia and Illinois Tool, which held market shares of 9.5% and 9% respectively. This means that out of the total market for packaging machinery, Coesia captured the largest share at 9.5%, followed closely by Illinois Tool at 9%. These market shares suggest that these companies were significant players in the industry and likely had a considerable influence on market trends and dynamics during that period. Additionally, it implies that competition between these two companies may have been intense as they vied for a larger portion of the market share.
The U.S. exported approximately USD 1.1 billion worth of packaging machinery in 2017.
The statistic stating that the U.S. exported approximately USD 1.1 billion worth of packaging machinery in 2017 signifies the value of packaging machinery that was produced within the United States and sold to other countries during that year. This figure reflects the strong international demand for American-made packaging machinery, highlighting the competitiveness and quality of U.S. manufacturing in this sector. The export of packaging machinery at such a substantial value also contributes positively to the U.S. economy by generating revenue, supporting jobs within the manufacturing industry, and promoting trade relationships with other nations in the global market.
More than 60% of packaging machinery is produced in Europe.
The statistic states that a majority, specifically more than 60%, of packaging machinery worldwide is manufactured in Europe. This implies that European countries are dominant players in the global packaging machinery industry, both in terms of production capacity and technology. The high concentration of production in Europe suggests that the region likely has a competitive advantage in this sector, possibly due to factors such as advanced manufacturing capabilities, established infrastructure, skilled labor force, and innovative technologies. This statistic underscores the significant role of Europe in the packaging machinery market and highlights the region’s influence on shaping industry trends and meeting global demand for packaging equipment.
Germany is the leading supplier of packaging machinery, having produced more than 70% of global supplies.
The statistic indicates that Germany has a dominant position in the global packaging machinery industry by producing over 70% of the world’s supplies in this sector. This suggests that Germany holds a significant market share and is regarded as the top supplier in terms of quantity and possibly quality of packaging machinery worldwide. Germany’s success in this industry could be attributed to various factors such as advanced technology, innovation, skilled workforce, efficient manufacturing processes, and strong global market presence. The statistic underscores Germany’s competitiveness and expertise in the packaging machinery sector, highlighting its leading role in shaping and driving the industry forward on a global scale.
The packaging machinery industry in China is projected to reach RMB 53.4 billion in 2021.
This statistic indicates that the market size of the packaging machinery industry in China is estimated to amount to RMB 53.4 billion by the end of 2021. This projection suggests significant growth and reflects the increasing demand for packaging machinery in China. The growth in this industry may be attributed to various factors such as the rise in e-commerce activities, technological advancements in automation, and the expansion of manufacturing sectors. This statistic is essential for stakeholders, businesses, and policymakers as it provides valuable insights into the market trends and opportunities within the packaging machinery industry in China.
The beverage industry accounted for 18.9% of the overall packaging machinery industry revenue in 2019.
The statistic indicates that in 2019, the beverage industry contributed 18.9% of the total revenue generated in the packaging machinery industry. This means that nearly one-fifth of the revenue in the packaging machinery sector came from companies producing equipment specifically for packaging beverages. This statistic highlights the significant impact and presence of the beverage industry within the broader packaging machinery market, showcasing its substantial contribution to the overall revenue generated by machinery suppliers and manufacturers catering to various sectors in need of packaging solutions.
The global market for case packing machinery is projected to exceed US$7.0 billion by 2024.
This statistic indicates that the worldwide market for case packing machinery is anticipated to surpass a total value of US$7.0 billion by the year 2024. This projection suggests significant growth in the demand for case packing machinery across various industries, such as food and beverage, pharmaceuticals, and consumer goods. The increasing need for automation and efficiency in the packaging process is likely to drive the market expansion, as companies seek to improve productivity and reduce labor costs. The forecasted high value of this market underscores the importance of case packing machinery in modern industrial processes and highlights the opportunities for manufacturers and suppliers in this industry.
Conclusion
The statistics presented clearly demonstrate the growth and importance of the packaging machinery industry. With increasing demand for automation and efficiency in packaging processes across various sectors, the industry is poised for further expansion. Companies in this sector need to stay updated with the latest trends and technology to stay competitive in this dynamic market.
References
0. – https://www.www.mordorintelligence.com
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2. – https://www.www.vdma.org
3. – https://www.www.giiresearch.com
4. – https://www.www.statista.com
5. – https://www.www.prnewswire.com
6. – https://www.www.marketsandmarkets.com
