Packaging Automation Market Outlook
According to a new report by Expert Market Research titled “The Global Packaging Automation Market Size, Share, Analysis, Report and Forecast 2023-2028″ the packaging automation market reached a value of USD 72.6 billion in 2022. Aided by the increasing need for efficient packaging solutions and the growing adoption of automation across various industries, the market is projected to further grow at a CAGR of 5.50% between 2023 and 2028 to reach a value of USD 99.15 billion by 2028.
Packaging automation involves the use of automated systems for packaging processes such as wrapping, filling, capping, and labelling. These systems significantly enhance productivity, accuracy, and efficiency while reducing manual labour, errors, and cost. Packaging automation is prevalent in various industries, including food and beverages, pharmaceuticals, electronics, and e-commerce, among others.
The increasing consumer demand for innovative and durable packaging solutions is driving the global packaging automation market growth. As industries strive to meet this demand, they are investing heavily in advanced packaging technologies that can deliver efficiency and quality. The implementation of automation in packaging not only enhances the pace of operations but also ensures the consistent quality of packaged goods.
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In addition, the ongoing industrial shift towards digitisation and Industry 4.0 has further contributed to the global packaging automation market development. As industries are increasingly incorporating technologies such as IoT, robotics, and AI, packaging automation has emerged as a vital aspect of this digital transformation, improving process control, traceability, and overall operational efficiency.
The expanding applications of packaging automation in various industries also play a significant role in propelling the market growth. In the pharmaceutical sector, packaging automation ensures accuracy and reduces contamination, critical for patient safety. In the food and beverage sector, automated packaging systems help maintain freshness and extend product shelf life, thus increasing the packaging automation market demand. Meanwhile, in the e-commerce sector, packaging automation enables fast and efficient packaging of a high volume of orders.
Furthermore, the growing focus on sustainability in the packaging sector has led to an increased emphasis on packaging automation. Automated systems, when integrated with eco-friendly materials and designs, can contribute to reducing packaging waste and overall environmental impact. Stringent regulations of the government aimed towards promoting the use of sustainable packaging solutions is likely to boost the packaging automation market growth in the forecast period.
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Packaging Automation Market Segmentation
The market can be divided based on offering, automation type, end use, and region.
Market Breakup by Offering
- Solution
- Filling
- Labelling
- Case Packaging
- Bagging
- Palletising
- Capping
- Wrapping
- Others
- Services
- Consulting
- Support and Maintenance
- Installation and Training
Market Breakup by Automation Type
- Robotic Pick and Place Automation
- Secondary Packaging Automation
- Tertiary and Palletising Automation
Market Breakup by End Use
- E-commerce and Logistics
- Food and Beverage
- Healthcare and Pharmaceuticals
- Automotive
- Chemical and Refinery
- Aerospace and Defence
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global packaging automation companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Rockwell Automation Inc.
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Kollmorgen Corporation
- MULTIVAC Sepp Haggenmüller SE & Co. KG
- ULMA Group
- Siemens AG
- ABB Ltd
- Coesia S.p.A.
- Syntegon Technology GmbH
- Swisslog Healthcare AG
- Sealed Air Corporation
- Others
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