Market Forecast By Types (Filling Machines, Form, Fill and Seal Machines, Cartoning Machines, Palletizing Machines, Labelling Machines, Wrapping Machines, Cleaning & Sterilizing Machines), By End Users(Food and Beverages, Personal care, Pharmaceutical, Chemical, Cosmetics)and Competitive Landscape
|Product Code: ETC001681||Publication Date: Aug 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Packaging Machinery Market registered a decline of -21.43% in value shipments in 2022 as compared to 2021 and an increase of 1.21% CAGR in 2022 over a period of 2017. In Packaging Machinery Market India is becoming more competitive as the HHI index in 2022 was 1445 while in 2017 it was 1648. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Packaging Machinery Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Packaging Machinery Market in 2022 was 2.15 while in 2017 it was 4.21. China, Italy, Germany, Other Asia, nes and Japan were among the top players of the market in 2022, where China acquired the largest market share of 25.59% with a shipment value of 30.73 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Italy had the largest market share of 30.92% with the shipment value of 43.95 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Italyprice is lower than the average price, it provided a significant edge among other competitor in 2017.
India packaging machinery market has witnessed growing concerns regarding the environment, there has been a significant increase in the demand for sustainable packaging solutions in India. Packaging machinery manufacturers are focusing on developing eco-friendly machines that reduce waste and energy consumption. Additionally, as labor costs increase, more companies are turning to automation to improve efficiency and reduce costs. Packaging machinery manufacturers are developing more advanced and intelligent machines that can automate many of the processes involved in packaging. Moreover, with the rise of e-commerce in India, there has been an increase in demand for packaging machinery that can handle a high volume of orders quickly and efficiently.This has led to the development of new packaging machinery that can handle a variety of packaging sizes and shapes. Additionally, the India packaging machinery industry manufacturers are leveraging the latest technologies such as artificial intelligence (AI) and the Internet of Things (IoT) to develop more advanced and efficient machines. This has led to the development of machines that can monitor and optimize their performance in real time. Further, the food and beverage industry in India is rapidly growing, and this has led to an increase in demand for packaging machinery that can handle food products. Packaging machinery manufacturers are developing machines that can handle a variety of food products, including perishable and non-perishable items.
There has been a growing trend in the Indian market towards flexible packaging, which is more convenient and cost-effective. This has led to a surge in demand for packaging machinery that can handle flexible materials such as plastic films, laminates, and foils. Additionally, the Indian companies are increasingly adopting automation to improve their productivity and efficiency in packaging operations. This has led to a growing demand for advanced packaging machineries such as robotic packaging systems, automated filling and sealing machines, and palletizing machines. Moreover, with increasing concerns over environmental sustainability, there has been a growing demand for eco-friendly packaging solutions.This has led to a surge in demand for packaging machinery that can handle recyclable materials and reduce waste. Further, the COVID-19 pandemic has highlighted the importance of hygiene in the packaging industry. Indian companies are now investing in packaging machinery that can maintain a high level of hygiene, such as automatic cleaning and disinfection systems. In addition, the Indian government has launched several initiatives to boost the manufacturing sector and promote the adoption of advanced technologies. This has created a favourable environment for the growth of the India packaging machinery market share.
India Packaging Machinery Market is driven by the increasing demand for packaging in various applications of packaging machinery coupled with growing disposable income. The rapid growth in the consumer market is also rising the demand for Packaging Machinery Market in India. The growing pharmaceutical industry and e-commerce sector are the major factors increasing the demand for the Packaging Machinery Market in India. Moreover, the consumption of locally available labor and material has favoured the industry which further ensures the development of the industry and the country.
According to 6wresearch, India Packaging Machinery Market is anticipated to grow during 2020-2026. In western India, a substantial number of manufacturers are located which is a key reason for the growth in the Packaging Machinery Market in the country. Also, The Government of India has started a campaign (Make in India) to support new entrepreneurs in India by providing capital investments and tax reduction such initiatives are expected to boost the growth of the Packaging Machinery Market in India. In end-users, the food and beverage segment is anticipated to hold the Packaging Machinery Market share of India due to rapid urbanization and increasing demand for packed food products. Furthermore, there is an impact of coronavirus on the business worldwide even in India as people have reduced purchasing materials in the market.
Based on types, the filling machine segment is expected to dominate the Packaging Machinery Market share of India as it is used most widely in food processing, various products, and chemicals in the pharmaceutical industry. The machines make sure the security and safety of the placed products in the containers which are expected to raise the demand for the Packaging Machinery Market in India during the forecast period. Additionally, the Packaging Machinery Market is expected to face various challenges due to more spending on human resources and rapid changes in technology.
The India Packaging Machinery Market report thoroughly covers the India Packaging Machinery Market by types and end-users. The India Packaging Machinery Market outlook report provides an unbiased and detailed analysis of the ongoing India Packaging Machinery Market trends, opportunities/high growth areas, market drivers, and India Packaging Machinery Market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
India packaging machinery market is anticipated to gain momentum in the upcoming six years backed by the rising potential growth of the logistic industry underpinned by increased e-commerce platforms steadily where packaging is vital to keep products safe during transportation with regards to the breaking of product and is estimated to leave a positive impact over the market and would spur the growth of packaging machinery in the country. Further, the rising pharmaceutical sector requires packaging to describe useful medical Information about medicine, as a result, is estimated to bolster the explosive growth of India's packaging machinery market in the coming timeframe.
The India Packaging Machinery Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. India Packaging Machinery Market Overview|
|3.1 India Packaging Machinery Market Revenues and Volume, 2016-2026F|
|3.2 India Packaging Machinery Market Revenue Share, By Types, 2019 & 2026F|
|3.3 India Packaging Machinery Market Revenue Share, By End Users, 2019 & 2026F|
|3.4 India Packaging Machinery Market - Industry Life Cycle|
|3.5 India Packaging Machinery Market - Porter’s Five Forces|
|4. India Packaging Machinery Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. India Packaging Machinery Market Trends|
|6. India Packaging Machinery Market Overview, by Types|
|6.1 India Filling Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.2 India FFS Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.3 India Cartoning Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.4 India Palletizing Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.5 India Labelling Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.6 India Wrapping Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|6.7 India Cleaning & Sterilizing Machines Packaging Machinery Market Revenues and Volume, 2016-2026F|
|7. India Packaging Machinery Market Overview, by End User|
|7.1 India Packaging Machinery Market Revenue and Volumes, By Food & Beverages 2016-2026F|
|7.2 India Packaging Machinery Market Revenue and Volumes, By Personal Care 2016-2026F|
|7.3 India Packaging Machinery Market Revenue and Volumes, By Pharmaceutical 2016-2026F|
|7.4 India Packaging Machinery Market Revenue and Volumes, By cosmetics 2016-2026F|
|7.5 India Packaging Machinery Market Revenue and Volumes, By Chemicals 2016-2026F|
|7.6 India Packaging Machinery Market Revenue and Volumes, By Others2016-2026F|
|7.3 United Kingdom Packaging Machinery Market Revenues and Volume, By End User 2016-2026F|
|8. India Packaging Machinery Market Competitive Landscape|
|8.1 India Packaging Machinery Market By Companies, 2019|
|8.2 India Packaging Machinery Market Competitive Benchmarking, By Operating Parameters|
|9. Company Profiles|
|10. Key Strategic Recommendations|