As cited by the research report titled ‘Global Packaging Equipment Market Size by Type (Filling Machines, Form, Fill and Seal Machines (FFS), Cartoning Machines, Palletizing Machines, Labelling Machines, Wrapping Machines, and Cleaning & Sterilizing Machines), and by End User (Food & Beverage, Pharmaceutical, Chemicals, Cosmetics, and Others), and Regional Forecasts 2021-2027’, available with Market Study Report, global packaging equipment market was worth USD 41.52 billion in 2020 and is projected to grow with a CAGR of 3% to accumulate USD 51.06 billion over 2021-2027.
 

Increasing awareness for maintaining product quality and sustainability is a major factor driving the global packaging equipment market growth. In addition, rising consumption of ready-to-eat food, along with improved disposable income of consumers are augmenting the market development.
 

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Widespread penetration of innovative technologies like 3D printing intelligent packing, fully automatic machines, and IoT is generating lucrative opportunities for the industry growth. The 3D printing technology produces food products integrated with packaging. For example, US company Smart Cups has a variety of 3D printed 3D cups which produce energy drink when mixed with water as the ingredients are embedded in packaging.
 

For the record, packaging equipment are machineries used for packaging products in packaging operations, having processes like cleaning, fabrication, filling, combining, sealing, labelling and many more.
 

Speaking of the negatives, imposition of certain rules & regulations by the governments for food product packaging and safety is acting as a restraint for the market progression. For instance, FSSAI laid down certain standards in its new packaging regulation, like, the paper and board material should be of specific substance and uniform thickness, the packaging should be free from blemishes, holes, grease marks, etc.
 

Moreover, intelligent packaging requires high capital investment in comparison to traditional packaging machines, which is a limiting factor for industry partakers.
 

Based on type, worldwide packaging equipment industry is segmented into form fill & seal machines, filling machines, cartoning machines, labelling machines, wrapping machines, palletizing machines, and cleaning & sterilizing machines. Considering the end user range, the marketplace is categorized into food & beverage, chemicals, pharmaceutical, cosmetics, and others.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the major contributors to the overall industry valuation. Experts cite that, Europe held a significant market share in 2020 and is poised to showcase lucrative growth trends over the estimated timeline, on account of high pharmaceutical production with immense demand for packaging equipment, along with rising product diversification.
 

Prominent players influencing the global packaging equipment industry dynamics are Adelphi Group of Companies, Robert Bosch GmbH, Fuji Machinery Co. Ltd., Duravant LLC, Langley Holdings plc, Coesia S.p.A., CKD Corporation, Barry-Wehmiller Companies Inc., B&H Manufacturing Company Inc., and Aetna Group S.p.A.