Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) — The “Global Packaging Machinery Market Report” Report has been added ResearchAndMarkets.com Offer.
Global demand for packaging equipment is expected to grow 5.8% to US$71.1 billion in 2026, supported by:
- Advances in the global production of durable and durable goods and the associated construction of new factories and expansion of existing sites
- The ongoing move away from manual packaging techniques by small and medium sized industrial companies around the world
- The more intensive use of packaging materials in developing countries, especially since these are increasingly exported to other countries
- Increasing demand for state-of-the-art packaging technologies in most mature markets (and some developing ones, such as Thailand) due to concerns about staffing issues and a desire to reduce costs
- The adoption of new product standards and health and safety regulations that will drive demand for new packaging materials and equipment
- The increasing use of environmentally friendly packaging materials – which often require operators to buy new equipment – amid growing concerns about pollution and waste
China and the US continue to dominate as demand for advanced equipment grows
Despite the developed manufacturing industries, the US and China are expected to account for half of all packaging machinery sales growth by 2026:
- In the US, increased spending on advanced packaging technologies will increase productivity, reduce labor costs and allow for greater customization of packaging. Also, the strong interest in packaging that is seen as sustainable will encourage companies to invest in new machines.
- In China, greater mechanization of packaging processes and intensifying global competition will support sales of more advanced machinery for a number of export-oriented industries.
The food industry remains the largest market for packaging machines
Food companies are among the most intensive users of packaging materials and machines. The end use of food…
