According to the research report titled ‘Global Packaging Machinery Market Analysis, 2020’, available with Market Study Report, global packaging machinery market is predicted to witness high gains, registering a CAGR of 5% during 2020-2025.
 

The report states that global packaging machinery market is driven by rising disposable income, growing e-commerce sector, and increasing intake of processed and packaged food. In addition, technological advancements in food sector including halal food, organic food, and ready-to-eat natural food is also contributing to the overall market outlook.
 

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The research literature on global packaging machinery market delivers a clear understanding of this business domain elaborating on the predominant trends and the factors stimulating industry expansion. Moving forward, it also forecasts the market growth rate based on the past and present market scenario, while highlighting the regional outlook and competitive landscape. The report further expounds upon the industry players and strategies adopted by them to sustain the competition and uphold their profit trajectories.
 

Based on machinery type, worldwide packaging machinery market is divided into bottling line, palletizing, wrapping, cartooning, form-fill-seal, labelling, and filling. Out of these, filling segment led the overall market share in 2019, owing to growing use in food & beverage sector, as well as in packaging of chemicals, pharma products, and personal care products.
 

As per end user scope, the industry is segmented into pharmaceuticals, personal care, chemical, food, beverages, and others. Among these, food segment held a major share of global packaging machinery market in 2019, on account of increasing wastage of food worldwide.
 

According to Food and Agriculture Organization (FAO), over one-third of total food produce is wasted every year, due to various issues like proper packaging and storage. Therefore, end users are preferring processed and packaged food attributable to their ease of cooking and longer shelf life.
 

Speaking of the geographical ambit, Asia Pacific dominated the packaging machinery industry in 2019, creditable to presence leading manufacturer of consumer electronics like Japan and China, that offer reasonably priced products. The country-level bifurcation of the market consists of Canada, US, Mexico, Brazil, UK, Italy, France, Germany, Japan, India, and China among others.
 

The competitive landscape of global packaging machinery market is defined by firms such as Barry-Wehmiller Companies Inc., CKD Group, Bosch Packaging Machinery, Fuji Machinery Company, I.M.A. Industrial Machine Automatic S.p.A., Tetra Laval International S.A., Coesia S.p.A., Krones AG, Salzgitter AG, and Robert Bosch GmbH.