Lucintel's latest market report analyzed that packaging machinery provides attractive opportunities in the food, beverage, chemical, personal care, and pharmaceutical markets. The packaging machinery market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, filling is the largest segment by machine type, whereas food is largest by end use industy. Growing logistics and transportation sector across the globe, increasing adoption of ecommerce websites, and increasing concerns regarding the safety and hygiene of the products provides strategic growth path in this market.
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Based on machine type, the packaging machinery market is segmented into filling, labeling, form fill seal, cartooning, wrapping, palletizing, bottling line, and others. The filling segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it is used in wide range of applications, such as bottle filling, powder filling, and filling fuels.
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The Packaging Machinery Market is marked by the presence of several big and small players. Some of the prominent players offering packaging machinery include KHS Group, Tetra Laval, Rovema GmbH, CKD Corporation, Coesia, Duravant, Fuji Machinery, Langley Holdings, Syntegon Technology GmbH, and Krones.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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