Dublin, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The "Packaging Automation Market by Offering, Type, End-use Industry, and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global packaging automation market is expected to reach $108.2 billion by 2030, at a CAGR of 9.8% from 2023 to 2030
The Packaging Automation Market report provides in-depth analysis of packaging automation market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The growth of the packaging automation market is mainly attributed to the rapid growth of the E-commerce sector, the increasing adoption of automated systems across industries, and stringent food safety regulations. However, the high initial costs of installing automated systems restrain the market's growth.
The high demand for packaging automation in the logistics industry and the increasing demand for sustainable and eco-friendly packaging are expected to create market growth opportunities. However, the shortage of skilled operators is a major challenge for the players in this market. Integration of advanced technologies and smart packaging are major trends in the packaging automation market.
Asia-Pacific is expected to account for the largest share of the packaging automation market, followed by Europe, North America, Latin America, and the Middle East & Africa.
Asia-Pacific's significant market share is attributed to the increasing utilization of sustainable packaging in the food & beverage sector, supportive government initiatives aimed at promoting the adoption of automation and Industry 4.0 technologies to enhance manufacturing capabilities, the growing demand for eco-friendly packaging solutions, and the rapid expansion of the E-commerce sector in countries like China and India. Moreover, Asia-Pacific is also projected to register the highest CAGR over the forecast period.
In 2023, the solutions segment is expected to account for the larger share of the global packaging automation market.
The segment's large market share is mainly attributed to the need for increased manufacturing speed and ensuring products and workers' safety. However, the services segment is projected to record the highest CAGR during the forecast period.
The segment's growth is driven by the increasing deployment of automation in various industries such as e-commerce, healthcare & pharmaceuticals, food & beverage, automotive, and chemical & refineries and the growing demand for packaging automation to speed up production, optimize warehouse space, and reduce reliance on labor to provide more value-added services to their customers.
In 2023, the robotic pick and place segment is expected to account for the largest share of the global packaging automation market.
The segment's large market share is mainly attributed to rising demand for pick and place robots in various industries such as manufacturing, food & beverage, automotive, chemical & refineries, aerospace & defense, e-commerce & logistics, healthcare & pharmaceuticals, and the growing demand for automation from manufacturing companies to increase production rates.
However, the secondary packaging segment is projected to record the highest CAGR during the forecast period. The segment's growth is driven by the rising need to safely transport products during shipment and the growing demand for supplementary protection in the e-commerce and pharmaceutical sectors.
In 2023, the food & beverage segment is expected to account for the largest share of the global packaging automation market.
The segment's large market share is mainly attributed to shifting consumer tastes, high competition in the packaged food market, and a surge in demand for packaged food. However, the e-commerce & logistics segment is projected to record the highest CAGR during the forecast period.
The segment's growth is attributed to various factors, including the rise in online sales channels, the increase in online shopping among customers, the increasing adoption of automation in e-commerce & logistics to ensure timely delivery, and the rising consumer demand for convenience shopping.
Key questions answered in the report:
- Which are the high-growth market segments in terms of offering, type, and end-use industry?
- What is the historical market for packaging automation across the globe?
- What are the market forecasts and estimates from 2023-2030?
- What are the major drivers, restraints, and opportunities in the global packaging automation market?
- Who are the major players in the global packaging automation market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the global packaging automation market?
- What are the growth strategies adopted by major players in the global packaging automation market?
- What are the geographical trends and high-growth countries?
- Who are the local emerging players in the global packaging automation market, and how do they compete with the other players?
Market Insights
Factors Affecting Market Growth
- Rapid Growth of the E-commerce Sector Driving the Demand for Customized Packaging Solutions
- Increasing Adoption of Automated Systems Across Industries Supporting Market Growth
- Stringent Food Safety Regulations Boosting the Demand for Packaging Automation
- High Costs of Implementation Limiting the Adoption of Packaging Automation Solutions Among Small & Medium-Sized Enterprises
- Increasing Demand for Packaging Automation in the Logistics Industry Generating Growth Opportunities for Market Players
- Need For Sustainable and Eco-Friendly Packaging Driving the Adoption of Automated Packaging Solutions
- Shortage of Skilled Operators Impacting Market Growth
- Integration of Advanced Technologies Increasing the Efficiency of Packaging Operations
- Smart Packaging with Innovative Technologies Transforming the Packaging Industry
PORTER'S Five Forces Analysis
Value Chain Analysis
Competition Analysis
- Key Growth Strategies
- Competitive Benchmarking
- Competitive Dashboard
- Industry Leaders
- Market Differentiators
- Vanguards
- Emerging Companies
- Key Players' Market Rankings
Company Profiles: Company Overview, Financial Overview, Product Portfolio, Strategic Developments
- ABB Ltd. (Switzerland)
- Robert Bosch GmbH (Germany)
- Siemens AG (Germany)
- Fanuc Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Swisslog Holding AG (Switzerland)
- Rockwell Automation Inc. (U.S.)
- Schneider Electric SE (France)
- WestRock Company (U.S.)
- SATO Holdings Corporation (Japan)
- Krones AG (Germany)
- Automated Packaging Systems Inc. (U.S.)
- Emerson Electric Co. (U.S.)
- Crawford Packaging (Canada)
- Fuji Machinery (Japan)
- Brenton LLC (U.S.)
- BEUMER Group GmbH & Co. KG (Germany)
- Barry-Wehmiller Group Inc. (U.S.)
- KHS GmbH (Italy)
- MULTIVAC Sepp Haggenmuller SE & Co. KG (Germany)
- Omori Machinery Co. Ltd. (Japan)
- Syntegon Technology GmbH (Germany)
Scope of the Report:
Packaging Automation Market Assessment - by Offering
- Solutions
- Palletizers & Depalletizers
- Case Packers
- Vertical/Top Load Case Packers
- Horizontal/Side Load Case Packers
- Wrap Around Load Case Packers
- Other Case Packers
- Sleeves & Cartoners
- Case Sealers & Erectors
- Wrappers
- Stretch Wrappers
- Shrink Wrappers
- Flow Wrappers
- Automated Mailer Systems
- Markers & Labelers
- Strappers
- Other Solutions
- Services
- Consulting
- Installation & Training
- Support & Maintenance
Packaging Automation Market Assessment - by Type
- Robotic Pick and Place
- Secondary Packaging Automation
- Tertiary & Palletizing Automation
Packaging Automation Market Assessment - by End-use Industry
- Food & Beverage
- E-commerce & Logistics
- E-commerce
- Contract Packaging
- Logistics Companies
- Automotive
- Healthcare & Pharmaceuticals
- Healthcare & Pharmaceutical Manufacturing Companies
- Contract Manufacturing Organizations
- Chemicals & Refineries
- Aerospace & Defense
- Other End-Use Industries
Packaging Automation Market Assessment - by Geography
- North America
- U.S.
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/vd6l0y
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