Market Size -
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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Scope Of Packaging Automation Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Packaging Automation Market Overview
Market Drivers -
Major Driver Impacting Market Growth
Market Trends -
Major companies operating in the packaging automation market focus on automated packaging technologies for liquid products such as vertical form-fill-seal systems, to meet the growing demand for streamlined liquid packaging solutions in various industries. An automated vertical form-fill-seal system efficiently packages products by forming, filling, and sealing them within a single integrated process, streamlining production and ensuring consistent quality. For instance, in November 2023, Sealed Air Corporation, a US-based packaging company, launched a new automated packaging system for liquids called the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System. This system can accommodate packages weighing up to 2 kg in either one or two phases and has a vertical filling approach. The vertical pouch packaging has no headspace, resulting in superior quality and protection for the products, and the pouches are convenient to store, open, and dispose of while also offering cost-efficiency, lightweight design, resistance to damage, and preserving flavor and freshness.
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
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Regional Insights -
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.
Key Companies -
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
Table of Contents
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
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31. Packaging Automation Market Other Major And Innovative Companies
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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The market is expected to observe considerable development due to the increasing demand for pharmaceuticals from developing markets.
These products have increased much importance from the time when the previous few years such as they help in defending medications and pills in contradiction of disapproving exterior features for example biotic adulteration, physical injury, deprivation, and imitating.
The growth in contract out of pharmaceutical production to developing markets likely to expose new-fangled ways for the development of the market.
The Pharmaceutical Packaging market on the source of Type of End Use could span Official Drug store, Contract Packaging, Retail Drug store, Medicine Manufacturing, and others.
The subdivision of Medicine manufacturing estimated to lead the general end-use section due to the existence of internal packing amenities in the production plants of manufacturing members.
The site where the medicines manufacturing takes a deep impression on the end-use ingestion of packaging products due to which medicinal production estimated to continue the most important end-use above the prediction period.
