Machinery For Packing Market

The article discusses the global market trends for machinery for packing or wrapping, with forecasts predicting increased consumption and value terms from 2022 to 2030. Key countries such as China, the United States, and India are highlighted for their high consumption volumes. Production trends, import and export data, as well as average prices for imports and exports, are also analyzed in detail.

Market Forecast

Driven by increasing demand for machinery for packing or wrapping worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 10M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $38.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Packing Or Wrapping

In 2022, global consumption of machinery for packing or wrapping fell notably to 8.3M units, waning by -18.3% on the year before. Overall, consumption, however, posted notable growth. As a result, consumption attained the peak volume of 10M units. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global machinery for packing market revenue declined to $28.9B in 2022, waning by -13.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a temperate expansion. As a result, consumption reached the peak level of $41.7B. From 2021 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1M units), the United States (830K units) and India (550K units), together comprising 29% of global consumption. Chile, Brazil, Pakistan, Canada, Malaysia, Japan, France, the Czech Republic, Russia and Thailand lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Chile (with a CAGR of +36.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($4B), Russia ($3.7B) and Japan ($3.2B) constituted the countries with the highest levels of market value in 2022, with a combined 38% share of the global market. The United States, Pakistan, China, Brazil, Chile, France, the Czech Republic, Canada, Malaysia and Thailand lagged somewhat behind, together comprising a further 31%.

Chile, with a CAGR of +26.5%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of machinery for packing per capita consumption in 2022 were Chile (24 units per 1000 persons), the Czech Republic (17 units per 1000 persons) and Malaysia (7.2 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Chile (with a CAGR of +35.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Machinery For Packing Or Wrapping

In 2022, approx. 14M units of machinery for packing or wrapping were produced worldwide; increasing by 10% on the previous year. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 82% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in years to come.

In value terms, machinery for packing production expanded markedly to $37.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, global production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of machinery for packing production was China (6.7M units), comprising approx. 49% of total volume. Moreover, machinery for packing production in China exceeded the figures recorded by the second-largest producer, Italy (2.4M units), threefold. The third position in this ranking was held by Germany (747K units), with a 5.4% share.

In China, machinery for packing production increased at an average annual rate of +8.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+22.0% per year) and Germany (+13.2% per year).

Imports

World Imports of Machinery For Packing Or Wrapping

After two years of growth, supplies from abroad of machinery for packing or wrapping decreased by -25.5% to 6.9M units in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. Over the period under review, global imports hit record highs at 9.3M units in 2021, and then reduced remarkably in the following year.

In value terms, machinery for packing imports fell to $8.5B in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Global imports peaked at $9.4B in 2021, and then contracted in the following year.

Imports By Country

The purchases of the twelve major importers of machinery for packing or wrapping, namely the United States, Chile, Germany, France, Brazil, Malaysia, Canada, the Czech Republic, the Netherlands, Italy, Spain and Poland, represented more than third of total import. Thailand (180K units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +34.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.5B) constitutes the largest market for imported machinery for packing or wrapping worldwide, comprising 18% of global imports. The second position in the ranking was held by Germany ($316M), with a 3.7% share of global imports. It was followed by France, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +8.7%. In the other countries, the average annual rates were as follows: Germany (-1.7% per year) and France (-0.0% per year).

Import Prices By Country

In 2022, the average machinery for packing import price amounted to $1,224 per unit, jumping by 21% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. Over the period under review, average import prices attained the peak figure at $2,550 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($3,276 per unit), while Chile ($149 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Machinery For Packing Or Wrapping

For the seventh year in a row, the global market recorded growth in shipments abroad of machinery for packing or wrapping, which increased by 6.5% to 12M units in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 128%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, machinery for packing exports fell to $9.1B in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. The global exports peaked at $10.4B in 2021, and then contracted in the following year.

Exports By Country

China represented the main exporter of machinery for packing or wrapping in the world, with the volume of exports reaching 5.7M units, which was near 46% of total exports in 2022. Italy (2.6M units) ranks second in terms of the total exports with a 21% share, followed by Germany (8.4%). The Netherlands (502K units), Australia (345K units), Spain (323K units) and Taiwan (Chinese) (268K units) held a little share of total exports.

Exports from China increased at an average annual rate of +10.3% from 2012 to 2022. At the same time, the Netherlands (+30.5%), Spain (+25.4%), Italy (+23.6%), Germany (+15.8%), Taiwan (Chinese) (+5.9%) and Australia (+1.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.5% from 2012-2022. From 2012 to 2022, the share of Italy, the Netherlands, Germany and Spain increased by +12, +3.1, +1.7 and +1.7 percentage points, respectively.

In value terms, Italy ($2.5B), Germany ($1.7B) and China ($656M) constituted the countries with the highest levels of exports in 2022, together accounting for 54% of global exports. The Netherlands, Spain, Taiwan (Chinese) and Australia lagged somewhat behind, together accounting for a further 12%.

Among the main exporting countries, the Netherlands, with a CAGR of +6.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average machinery for packing export price stood at $731 per unit in 2022, shrinking by -18% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 45%. As a result, the export price attained the peak level of $3,220 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,615 per unit), while Australia ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.9%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform