According to a recent publication by Future Market
Insights, Inc., the garment packaging machine market is expected to
grow due to several reasons. The demand for attractive and
protective packaging solutions is a major driver. E-commerce
growth, especially in developing countries, is another factor.
Finally, there's a push for sustainable practices, with companies
looking for eco-friendly materials and technologies. India is expected to have the highest growth
rate in this market.
NEWARK, Del., May 27, 2024 /PRNewswire/ --
The global garment packaging machine market,
valued at USD 2.5 billion in
2024, is projected to grow at a CAGR of 3.1% through
2034, potentially reaching over USD 3.4
billion by the end of the forecast period. The industry
is significantly driven by the demand for advanced packaging
solutions to ensure product protection, branding, and shelf appeal.
E-commerce growth, particularly in developing economies, has also
contributed to the industry's expansion.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19665
Automation and technological advancements have led to faster
production, higher efficiency, and greater customization of
packaging materials. Garment manufacturers are focusing on
eye-catching and well-designed packaging solutions to enhance brand
visibility and create memorable unboxing experiences for consumers,
catering to the increasing consumer preference for aesthetically
pleasing packaging.
In recent years, the garment packaging industry has witnessed a
shift towards sustainable practices, prompting companies to invest
in eco-friendly materials and technologies. This trend has led to
innovations in garment packing machines, with manufacturers
incorporating sensors and IoT technology for real-time tracking and
supply chain transparency. However, high initial costs and
complexity have hindered widespread adoption, particularly among
small manufacturing companies.
"Companies in the garment packing machine industry should
focus on developing sustainable packaging solutions to reduce
environmental impact. They can invest in research and development
to create recyclable or biodegradable packaging materials, as well
as exploring ways to minimize waste in the production and
distribution process", says Ismail
Sutaria (Lead Consultant, Packaging and Materials at
Future Market Insights, Inc.).
Key Takeaways from the Market Study
- The standalone system segment dominates the global garment
packing machine market with a share of 77.2% in 2024.
- Based on the end use, the technical textile and décor segment
leads the garment packing machine market with a share of 31.6% in
2024.
- The garment packing machine market in India is anticipated to grow at a CAGR of 6.5%
through 2034.
- The garment packing machine market in China is estimated to rise at a 4.7% CAGR
through 2034.
- The garment packing machine market in Thailand has the potential to increase at 4.2%
CAGR through 2034.
- The United States garment
packing machine market is predicted to rise by 1.7% CAGR through
2034.
- The garment packing machine market in the United Kingdom is very likely to grow at a
CAGR of 1.5% through 2034.
Competitive Landscape
- The garment packing machine industry is witnessing several new
entrants willing to invest in new technologies for garment
packing.
- Companies are investing in automation, IoT, and smart packaging
to improve efficiency and functionality.
- Sustainability trends are driving companies to adopt
eco-friendly practices.
- Key players in the industry include U-Packaging Machinery,
Hangzhou Youngsun Intelligent Equipment, Qingdao Feifan Packing
Machinery, and Shandong Sinolion Machinery Corp. Ltd.
Recent Developments:
- In March 2024, Harry Rosen Inc.
introduced a pioneering initiative in partnership with TerraCycle
to implement North America's first
fully recyclable packaging program. This move underscores their
dedication to sustainability by ensuring that garment bags are
reused and diverted from landfills.
- In April 2023, the Cambodian
Development Council revealed a substantial $10 million investment in Fitly Apparel and WH
Packaging, both prominent garment factories. This investment is set
to generate over 2,900 employment opportunities in the regions of
Phnom Penh and Kandal.
Purchase now and gain full access to
the Garment Packing Machine Industry report, featuring
comprehensive Market Forecast, Company Share Analysis, Competition
Intelligence, DROT Analysis, Market Dynamics and Challenges, and
Strategic Growth Initiatives.
About the Author:
Ismail Sutaria (Lead
Consultant, Packaging and Materials at Future Market Insights,
Inc.) has over 8 years of experience in market research and
consulting in the packaging & materials industry. Ismail's
strength lies in identifying key challenges faced by the client and
offering logical and actionable insights to equip the clients with
strategic decision-making power.
Ismail has been an instrumental part of several transformational
consulting assignments. His key skills include competitive
benchmarking, opportunity assessment, macroeconomic analysis, and
business transformation advisory. Ismail is an MBA holder in
Marketing and has a Bachelor's Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has
been widely covered in electronic and print media. He is a Speaker
at our upcoming Talk show - Rise of the Intelligent Packaging.
Ismail has been quoted in leading publications, including the
European Pharmaceutical Review and the European Adhesive Tape
Association.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence
and consulting service provider, serving clients in over 150
countries. FMI is headquartered in Dubai and has delivery centers in the UK, the
U.S., and India. FMI's latest
market research reports and industry analysis help businesses
navigate challenges and make critical decisions with confidence and
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sustainable growth. A team of expert-led analysts at FMI
continuously tracks emerging trends and events in a broad range of
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needs of their consumers.
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