The adoption of lean packaging operations, coupled with the utilization of the overall equipment effectiveness (OEE) technique, is a rising trend in the market. Lean packaging operations facilitate the standardization of machinery, offering several benefits such as reduced purchasing costs for countries and streamlined troubleshooting and maintenance activities. As a matter of fact, the packaging industry can be divided into three main sectors: packaging manufacturing, packaging services, and packaging machinery. The market is projected to experience moderate growth due to the rationalization of purchasing decisions and the need for shorter product timelines. For a number of operations, including filling, case handling, packing, bottling, labelling, inspection and check weighing, wrapping, palletizing, and other related ones, packaging machinery is used. It serves as a crucial component in both the initial stage of the transportation process and the final stage of the manufacturing process.
According to SPER market research, ‘Packaging Machinery Market Size– By Machine Type, By Technology, By Business, By End User, By Operations, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Packaging Machinery Market is predicted to reach USD 77.88 billion by 2033 with a CAGR of 4.84%.
The implementation of lean packaging operations, coupled with the utilization of the overall equipment effectiveness (OEE) technique, is driving packaging machinery market growth. The industry has developed automation techniques as a result of the integration of packaging equipment with upstream manufacturing processes. Lean packaging operations effectively control the packaging process by employing the OEE technique. The growing demand for packaged foods, continuous production of medicines and drugs, and increased expenditure on branded products have resulted in the widespread adoption of lean packaging operations. This trend is particularly evident in e-commerce companies across various countries like India, Indonesia, China, and the United States, contributing to market growth.
The logistics and transportation sectors heavily rely on packaging to wrap and bundle goods and commodities. As this industry continues to experience growth, the demand for packaging machinery is expected to surge, consequently driving market growth. The increasing need for safe transportation of goods from one location to another is a significant contributing factor. Furthermore, the rapid expansion of the e-commerce industry in recent years has also significantly impacted the growth of the global packaging machinery market.
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However, the global packaging machinery market faces challenges due to high production and import costs, which hinder its growth. In order to address this, packaging equipment must be integrated with upstream manufacturing processes, which will spur the industry’s development of advanced automation techniques. The implementation of lean packaging operations, utilizing the overall equipment efficiency (OEE) technique, helps control the packaging process efficiently. Currently, there is a widespread adoption of lean packaging operations due to the increased demand for packaged foods, ongoing production of medicines and drugs, and higher expenditure on branded products. This trend has a positive impact on the manufacturing process. Moreover, e-commerce companies in various countries such as India, Indonesia, China, and the U.S. are also embracing lean packaging operations, contributing to the growth of the market.
In addition, The global industry experienced a notable impact from the COVID-19 pandemic. Widespread COVID-19 cases influenced consumer shopping behaviours, leading to changes in retail shop and convenience store activities. The industry also faced challenges due to disruptions in the supply chain and a shortage of available workers, hindering its growth. Nevertheless, there are expectations of a rapid recovery in the industry over the forecast period.
Moreover, among the prominent players in the market are Robert Bosch Gmbh, Rovema GmbH, Sacmi, Syntegon Technology GmbH, Tetra Laval International S.A., The Adelphi Group Of Companies, Others.
Global Packaging Machinery Market Segmentation:
By Machine Type: Based on the Machine Type, Global Packaging Machinery Market is segmented as; Bottling Line, Cartoning Machines, Cleaning & Sterilizing Machines, FFS (Form, Fill and Seal) Machines, Filling Machines, Labelling Machines, Palletizing Machines, Wrapping Machines, Others.
By Technology: Based on the Technology, Global Packaging Machinery Market is segmented as; General Packaging, Modified Atmosphere Packaging, Vacuum Packaging.
By Business: Based on the Business, Global Packaging Machinery is segmented as; Aftermarket, OEM.
By End User: Based on the End User, Global Packaging Machinery is segmented as; Food and Beverages, Industrial and Chemicals, Personal Care, Pharmaceuticals, Others.
By Operation: Based on the Operation, Global Packaging Machinery Market is segmented as; Autonomous, Semi-Autonomous.
By Distribution Channel: Based on the Distribution Channel, Global Packaging Machinery Market is segmented as; E-Commerce, Direct.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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