Packaging Automation Market 2024 | Business Growth, Industry Trends, Size, Key Drivers, Top Players And Forecast To 2033
Global packaging automation market size is expected to reach $115.92 Bn by 2028 at a rate of 10.2%, segmented as by type, photo diode, charged coupled device, complementary metal–oxide–semiconductor (cmos) optical imagers, cover plate, lens
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Overview and Scope
Packaging automation refers to the use of automated machinery, equipment, and systems to streamline and optimize the packaging process in manufacturing and distribution operations. It involves the use of robotics, conveyors, sensors, and control systems to automate various tasks involved in packaging, such as filling, sealing, labeling, wrapping, and palletizing.
Sizing and Forecast
The packaging automation market size has grown rapidly in recent years. It will grow from $71.31 billion in 2023 to $78.49 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to demand for packaging automation, an increasing number of automations for secondary packaging, the need for automated packaging machines, and the and the increasing adoption of automation solutions. Automation leads to lower costs.
The packaging automation market size is expected to see rapid growth in the next few years. It will grow to $115.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to a rise in demand for improving productivity, industrialization, and manufacturing processes; rising demand in the food and beverage, pharmaceuticals, and cosmetics industries; growing awareness regarding supply chain integration; and a rising e-commerce industry. Major trends in the forecast period include innovation in packaging automation, technological advancements, customized packaging, demand for technological innovation, and the and the surge of robotics technologies.
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Segmentation & Regional Insights
The packaging automation market covered in this report is segmented –
1) By Offering: Solution, Services
2) By Automation Type: Robotic Pick And Place Automation, Secondary Packaging Automation, Tertiary And Palletizing Automation
3) By Industry Vertical: Healthcare And Pharmaceuticals, E-Commerce And Logistics, Food And Beverage, Automotive, Chemical And Refinery, Aerospace And Defense, Other Industry Verticals
North America was the largest region in the packaging automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising e-commerce industry is expected to propel the growth of the packaging automation market going forward. E-commerce or electronic commerce refers to the buying and selling goods and services over the internet. The demand for e-commerce stems from its convenience, accessibility, and ability to provide a wide range of products and services to consumers from the comfort of their homes, anytime and anywhere. E-commerce uses packaging automation to streamline order fulfillment processes, reduce costs, enhance efficiency, and ensure consistent packaging quality across a high volume of orders. For instance, according to the 2023 data released by the United States Census Bureau, a US-based government agency, e-commerce sales increased by 7.6 % between the third quarter of 2022 and the third quarter of 2023 in the USA. Therefore, the increased demand for rising e-commerce industry is driving the growth of the packaging automation market.
Key Industry Players
Major companies operating in the packaging automation market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Jabil Inc., ABB Ltd., Toshiba Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, Omron Corporation, Krones AG, Daifuku Co. Ltd., Dematic Corporation, KUKA AG, YASKAWA Electric Corporation, ATS Corporation, BEUMER Group GmbH & Co. KG, ProMach Inc., Kollmorgen Corporation, ACTEGA GmbH, Essel Propack Ltd., CFT S.p.A, JLS Automation LLP, Automated Packaging Systems Inc
The packaging automation market report table of contents includes:
1. Executive Summary
2. Packaging Automation Market Characteristics
3. Packaging Automation Market Trends And Strategies
4. Packaging Automation Market - Macro Economic Scenario
5. Global Packaging Automation Market Size and Growth
.....
32. Global Packaging Automation Market Competitive Benchmarking
33. Global Packaging Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Packaging Automation Market
35. Packaging Automation Market Future Outlook and Potential Analysis
36. Appendix
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