Packaging Machinery Market is segmented By Machine Type (Filling Machines, Labeling Machines, Form-Fill-Seal Machines, Cartoning Machines, Wrapping Ma....
Market Size in USD
CAGR4.6%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 4.6% |
Market Concentration | High |
Major Players | Langley Holding plc, Maillis Group, Rovema GmbH, Tetra Laval International S.A., Krones AG |
The packaging machinery market is estimated to be valued at USD 50.1 Bn in 2024 and is expected to reach USD 68.66 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. The packaging machinery market has witnessed significant growth over the past few years owing to increasing demand from various end-use industries such as food and beverages, pharmaceuticals, consumer goods and others.