Africa Baby Care Products Market - Infinium Global Research Packaging Machinery Market -IGR 2023 | Page 2

The report on Packaging Machinery Market by type (filling machines, FFS (form, fill & seal) machines,
cartooning machines, palletizing machines, labeling machines, wrapping machines, cleaning & sterilizing
machines), end-user (food & beverage, pharmaceutical, chemicals, cosmetics) trends analysis and forecasts up
to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World. According to the report the Global Packaging Machinery Market is
projected to grow at a CAGR of 6.7% in terms of value over the period of 2017-2023. The growth in the world
market is primarily driven by significant contribution by North America (Leading region) region to this market.
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Market Insights:-
The report identified that the packaging machinery market is driven by factors such as, growing demand
for packaging machinery from various end-use industries, rising demand of consumer goods, and increased
adoption of automated packaging machines across the globe. On the other hand, the restraining factors
identified in the study include issues related to safety and hygiene of machine parts, focus on energy-efficient
packaging machinery, and huge initial capital investment. Increasing sales of consumables and emergence of
food and beverages industry in the Asia Pacific provide opportunity for major players in the emerging and
developing economies.
Segments Covered:-
The report segments the packaging machinery market on the basis of type, end-user and region. The market
size of each segment has been provided in terms of value (USD). The market segments, by type include filling
machines, FFS (form, fill and seal) machines, cartooning machines, palletizing machines, labeling machines,
wrapping machines and cleaning & sterilizing machines. The market segments by end-user include food &
beverage, pharmaceutical, chemicals, cosmetics and others (electronics, industrial).
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