The Packaging Equipment Market Is Expected To Surpass $50 billion by 2027, as reported in a study by Global Market Insights Inc. Rising demand in the packaged food and beverage industry is poised to fuel the growth of the industry.
Increasing emphasis on R&D activities to introduce products, such as Gemini Linear Capper and MonoSpout FLX, will propel the market demand for capping packaging equipment. To strengthen their market positioning, companies such as SIG Combibloc Group Ltd., Norden Machinery AB and Graphic Packaging Holding are expanding their product portfolios to cater for a wide range of industries. For example, in October 2021, Advanced Tooling Systems Packaging Machinery has launched a new line of capping machines for food and beverage applications. It features a fully programmable high precision tightening mechanism that is suitable for various types of closures such as screw caps, snap caps, spray triggers and dispensing pumps.
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Strict government regulations on cosmetic product packaging will drive industry demand. To prevent illegal practices and ensure consumer safety, governing bodies are implementing strict laws for players in the cosmetics and personal care industry. In the United States, under the Fair Packaging and Labeling Act, the Federal Trade Commission and the Food and Drug Administration are authorized to issue regulations on all consumer products. The scope of the law includes prohibiting the marketing of mislabeled or adulterated cosmetics in interstate commerce.
The growing focus on expansion will increase the packaging equipment market revenue in the Middle East & Africa Region. To increase production and product supply, industry players such as Al Bayader International & Gulf Printing and Packaging are opening new facilities. For example, in March 2021, Al Bayader International has introduced its manufacturing premises in the Jebel Ali Free Zone. The new facility will help the company increase capacity in food packaging solutions to approximately 31,000 tons per year. The budget for the project was approximately $54.4 million and supports Made in UAE on the government’s global agenda.
Some major findings of the Packaging Equipment Market report are:
The growing use of e-commerce platforms, such as Alibaba, Flipkart, Instacart and Amazon.com, to order basic goods, necessities, vegetables, food, clothes, hot drinks and coolers will increase the market demand for packaging equipment.
Growing demand for personal care and beauty products including lotions, deodorants, hair dyes, cosmetics, creams and lipsticks has escalated the market demand for advanced packaging equipment to avoid alterations and spills during transport.
The pharmaceutical industry is growing to fight against different diseases including COVID-19, respiratory diseases and cancer. This factor has boosted the export of medicines to underdeveloped/developing countries such as Africa, Liberia & Nigerin turn, supporting market demand.
The packaging equipment market will witness growth owing to an increasing focus on incorporating automation into the packaging line to improve business efficiency. It helps organizations to increase their production of products to maintain the supply/demand ratio.
The growing emphasis on developing sustainable manufacturing practices will propel the demand for energy-efficient packaging equipment. It supports manufacturing facilities to reduce overall operational costs.
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Partial chapters of the table of contents (TOC) of the report:
Chapter 2 Executive Summary
2.1 360º Summary of Packaging Equipment Industry, 2017-2027
2.1.1 Trade trends
2.1.2 Regional trends
2.1.3 Technology trends
2.1.4 End-use trends
Chapter 3 Packaging Equipment Industry Overview
3.1 Industry Segmentation
3.2 Impact of the coronavirus pandemic (COVID-19)
3.3 Industry Ecosystem Analysis
3.4 Technology and innovation landscape
3.5 Regulatory landscape
3.6 Industry impact forces
3.6.1 Drivers of growth
3.6.2 Industry Pitfalls and Challenges
3.7 Analysis of growth potential
3.8 Porter’s analysis
3.9 PESTEL analysis
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