Packaging Machinery Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Packaging Machinery Market is segmented By Machine Type (Filling Machines, Labeling Machines, Form-Fill-Seal Machines, Cartoning Machines, Wrapping Ma....

Packaging Machinery Market Size

Market Size in USD

CAGR4.6%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR4.6%
Market ConcentrationHigh
Major PlayersLangley Holding plc, Maillis Group, Rovema GmbH, Tetra Laval International S.A., Krones AG
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Packaging Machinery Market Analysis

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.