Rapid Industrialization Fueling the Vacuum Packaging Market!

Increasing consumer goods demand and adoption of automated packaging machines; are the two significant factors which have led to the development of energy efficient machines. The other key aspect that drives the packaging market is the increased demand for packaging robots from several industries. “In 2016, the size of packaging machines was valued at $39,647 million which still growing at CAGR of 6%. It is estimated that by 2023 this market will reach up to $62,063 million.”

The classification of the global packaging machinery is done on the basis of:

• Machine type,
• End-user industries, and
• Geography.

Based on the machine type, the packaging machinery industry is classified as filling machines:

• FFS (form, fill and seal) machines
• Palletizing Machines
• Labeling Machines
• Wrapping Machines
• Cleaning & sterilizing machines.

Amongst all, “filling machines are the most dominant machine type accounting for about 37% of the overall market in 2016.” Based on industries, the global packaging machinery market is classified into food & beverage, chemicals, pharmaceuticals, cosmetics and so on. “The F&B segment dominates the market and is expected to grow at a CAGR of 6.6% in the coming years.”

Flexible Vacuuming Technique

An increase in the consumption of processed food and its convenience has been the major driving factors that accelerated the demand for packaging. Ease of handling, flexibility, longer shelf life and portability increased the popularity of packed food and beverages. Vacuuming technique fulfills all these criteria and plays an important role throughout the supply chain.

“As per a survey, by 2022, the global vacuum packaging market is expected to reach over USD 30 billion at an estimated CAGR by 4%.” “In the next seven years, the demand for hygienically packed food is expected to propel the demand of vacuum filling machines.” Because, vacuum packing ensures hygiene, safety, and freshness of the product for a longer duration.

Segmentation of Vacuum Filling Machines

The packaging material is an essential aspect of the growth of vacuum packaging market. Based on material, the market is segmented as

• Polyethylene,
• Polyamide,
• Ethylene, and
• Vinyl alcohol.

Amongst which “polyethylene holds maximum share in the global vacuum packaging industry. By 2020, it is expected to reach over USD 12 billion.”

Rapid industrialization and increased population are some of the factors which are expected to fuel packaging market over the forecast period. Flexible packing is mostly used for packaged food and beverages. The market of packaging machinery is expected to grow in proportion with the growth of food and beverage packaging industry.