The packaging machinery market has shown strong growth momentum in recent years, and the market size will further expand driven by global demand growth and technological advancement. According to industry forecasts, the market size is expected to grow from US$46.23 billion in 2024 to US$49.08 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Key factors driving this growth include global population growth and increased consumer demand for packaged goods.
Looking ahead, the market is expected to see even more significant expansion, reaching US$62.82 billion by 2029, with a compound annual growth rate of 6.4%. This upward trend is mainly attributed to the increasing popularity of smart and IoT-enabled packaging machinery, which improves efficiency and automation. In addition, the demand for customized and specialized packaging solutions plays a vital role in driving market growth.
As the industry continues to innovate and adapt to changing consumer preferences, the packaging machinery market will remain a vibrant and fast-growing industry over the next five years.
