Global packaging machinery market to reach $69.21 billion by 2030: Allied Market Research
Development of innovative and energy-efficient packaging machinery, surge in usage of automation for packaging consumer goods, and increase in consumption of consumer goods drive the growth of the global packaging machinery market. Asia-Pacific contributed to the highest share in 2020, and is projected to continue its dominance by 2030. Owing to lockdown measures taken place in the countries, there has been a delay in the production of packaging machinery.
Portland, OR, Aug. 11, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global packaging machinery market generated $43.52 billion in 2020, and is estimated to reach $69.21 billion by 2030, witnessing a CAGR of 4.7% from 2021 to 2030. The report provides a detailed analysis of changing market trends, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Development of innovative and energy-efficient packaging machinery, surge in usage of automation for packaging consumer goods, and increase in consumption of consumer goods drive the growth of the global packaging machinery market. However, Eurozone economic uncertainty and strict government regulations hinder the market growth. On the other hand, the growth in the e-commerce and retail industry presents new opportunities in the coming years.
Download Sample PDF (325 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/2239
Covid-19 Scenario:
- Owing to lockdown measures taken place in the countries, there has been a delay in the production of packaging machinery. Moreover, supply chain disruptions and raw material shortages are other factors that led to a decline in production volumes.
- The demand from end-users such as cosmetics, chemicals, and food & beverages decreased due to disruptions in daily activities. However, the demand is expected to recover during the post-lockdown.
- However, the demand from the pharmaceutical sector increased during the Covid-19 pandemic to serve the sudden rise in demand for pharmaceuticals.
The report offers detailed segmentation of the global packaging machinery market based on type, business, end user, and region.
Get detailed COVID-19 impact analysis on the Packaging Machinery Market Request Here
Based on type, the filling machines segment accounted for the largest share in 2020, contributing to nearly two-fifths of the total share, and is expected to maintain its lead position during the forecast period. However, the cleaning and sterilizing machines segment is projected to portray the fastest CAGR of 6.7% from 2021 to 2030.
Based on end user, the food and beverages segment held the highest share in 2020, accounting for nearly two-thirds of the global packaging machinery market, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to register the largest CAGR of 5.1% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding more than one-third of the total market share, and is projected to continue its dominant share by 2030. Moreover, this region is estimated to manifest the highest CAGR of 5.3% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2239
Leading Players:
Leading players of the global packaging machinery market analyzed in the research include Aetna Group S.p.A., Barry-Wehmiller Companies, Inc., B&H Manufacturing Company, Inc., Coesia S.p.A., CKD Corporation, Fuji Machinery Co., Ltd., Duravant LLC, Robert Bosch GmbH, Langley Holdings plc, and The Adelphi Group of Companies.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Plastics Processing Machinery Market - Global Opportunity Analysis and Industry Forecast, 2021-2028
Wrapping Machines Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Pillow Packing Machine Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Automatic Palletizer and Depalletizer Market - Global Opportunity Analysis and Industry Forecast, 2021-2028
Bottle Capping Machine Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn

Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
