The global packaging machinery market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. (2022-2028). The contribution of major key market players, enhances the growth of the global packaging machinery market in the coming year.
Standard-Knapp(S-K), based in Portland, unveiled its deal with EoL Packaging Experts(EoL)- In September 2019, Standard-Knapp(S-K) Connecticut, announced an agreement to partner with Eol packaging experts (EoL). The merger creates an active industry leader for end-of-line packaging machinery and systems with a presence in the US and Europe. The EoL portfolio includes A+F Automation+ Fördertechnik (A+F), and secondary packaging equipment. With A+F and Standard-Knapp packaging equipment, the company was continuously working to expand their technological advantages.
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Somic America announced an agreement with GOVA- In October 2021, Somic America has announced an agreement to provide GOYA foods a retail-ready end-of-line packaging machines. The new machine GOYA has ordered is somic’s 424T2+ case packer, which provides rivals ready pack performance. The machine is designed to handle wraparound case packing of both stand-up pouches and cartons.
Graphic packaging agrees to acquire AR packaging- In March 2021, Graphic Packaging Holding Co., and CVC capital partners fund VI announced a definitive agreement with AR packaging group AB. The combination enhances graphic packaging’s global scale, by providing industry-leading packaging solutions, to expand geographic reach.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2021-2028
- Segment Covered- by machine type, by end-user
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Coesia S.p.A., Graphic Packaging International, LLC, Krones AG, Nordson Corp., Optima Packaging Group GmbH, Bajaj Processpack Ltd., Barry-Wehmiller Group Inc., Combi Packaging Systems LLC, Dover Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Packaging Machinery Market– Segmentation
By Machine Type
- Portable Filling and Dosing
- Form,Fill,Seal (FFS)
- Labeling and Coding
- Closing and Sealing
- Wrapping and Bundling
- Others (Palletizing and De-palletizing Machines and Cartoning Machine)
By End-User
- Food and Beverage
- Personal care
- Pharmaceutical
- Chemical
- Others (Electronics and Industrial)
