Packaging Machinery Market, By Machine Type (Filling, Labelling, Form Fill & Seal, Cartoning, Wrapping, Palletizing, and Others), By Application (Beverages, Food, Chemicals, Personal Care, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI7471

Pages :140

Formats :

Excel and PDF

Industry : Packaging

Market Challenge - High initial investment costs

The market faces significant challenge due to high initial investment costs associated with machinery. Packaging machinery such as filling machines, cartooning equipment, labelling, and coding systems require huge capital expenditure which ranges from several million to tens of millions of dollars depending on type, size and automation level of machinery. According to a 2021 report by the United Nations Environment Programme, the usage of reusable and recyclable packaging is lagging in developing nations due to the increased costs of machinery required to implement related packaging solutions.

Market Opportunity - Developing economies representing huge market potential

The market sees huge growth opportunity in developing economies which are witnessing rising consumption and manufacturing activities. Countries like China, India, Brazil, Indonesia, and others present massive market potential given their large population base and rapid urbanization. According to data from United Nations Conference on Trade and Development (UNCTAD) reported in June 2024, the share of world merchandise trade by developing countries rose from 36% in 2000 to 45% in 2023 indicating growing global trade integration.