Demand for packaging automation to guarantee the longevity of items during transit has increased as disposable income has grown, leading to an increased standard of living. Because of this quality, companies in the retail, transportation, food and beverage, and medical sectors are lured to use innovative packaging system solutions in order to speed up production for a wide audience. Several companies are investing in state-of-the-art packaging technologies in response to the rising importance of supply chain integration. These innovations boost the efficiency of assembly line processes and help companies reduce the number of workers required on the line.
The global Packaging Automation Market is poised for steady growth, with a projected compound annual growth rate (CAGR) of 8.05% over the forecast period. As of 2023, the market is currently valued at US$ 74.53 billion. This upward trajectory is expected to continue, culminating in a substantial market valuation of US$ 161.66 billion by 2033.
The high price of creating and maintaining these machines is slowing the expansion of the packaging automation market. Adding state-of-the-art features and requiring specially trained workers are expected to increase the final price of these machines. In addition, regular and thorough maintenance of the machines is required to ensure their continued and reliable operation, which entails additional expenses. Government regulations concerning worker safety in automated packaging processes also act as a barrier to the industry’s expansion.
Anticipated advancements in the aerospace industry are poised to drive a heightened need for packaging automation, propelled by these compelling factors.
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Growth Factors
Growing integration of robotics and automation in diverse sectors such as automotive, electronics, and logistics.
National programs aimed at fostering technological advancements and digitalization in Europe.
Surge in the desire for personalized consumer experiences driving innovation in product customization across various industries.
Key Takeaways
- In 2022, Asia-Pacific was responsible for 38 % of all income.
- In terms of revenue, the filling equipment sub segment accounted for 23% of the whole in 2022.
- For the period between 2023 and 2033, the pharmaceutical application sector is projected to expand at a CAGR of 9.3 %.
- 6% of the projected 2022 revenue came from the food processing sector.
Market Drivers:
The surge in online consumerism has witnessed an unprecedented rise, marking e-commerce as a paramount evolution in recent times. The trend of online shopping is experiencing exponential growth, particularly in emerging economies like Brazil and Indonesia. As the e-commerce landscape continues to flourish, there is an escalating demand for packaging machinery at various stages of the production cycle, encompassing primary and secondary packaging, as well as the labeling, coding, and marking of diverse products. The dynamic e-commerce sector is significantly propelling the sales of packaging automation.
In response to rapid technological advancements, there is an increasing inclination towards packaging machines incorporating IoT technology and intelligent embedded systems. The integration of cutting-edge technology into packaging machinery enables remote monitoring capabilities, facilitating surveillance and control through desktop computers, smartphones, and tablets. This synergy of advanced technology and the thriving e-commerce ecosystem is fostering a heightened need for sophisticated packaging automation solutions.
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Recent Developments
Maxpack Machinery LLC unveiled Leap by Max pack, an innovative piece of packing equipment that allows the customer to pay overtime, in August 2022. Leap is Maxpack’s solution to the expanding Buy Now, Pay Later industry. You can buy the automation gear in premium bundles with zero percent interest, a guarantee, and no credit check for 18 months.
ULMA Packaging, in May of 2022, announced that their newly developed, compact tray sealer, the TSA 400, would be showcased at the upcoming IFFA 2022. The manufacturer claims that the TSA 400 can perform in SKIN, MAP, LEAFSKINTM, and LEAFMAPTM applications, demonstrating the machine’s versatility. Because of its compact size and high throughput in a short distance of only 2.3 meters, it is ideally suited for spaces with limited floor plans.
Key Segments in the Packaging Automation Market
By Offering:
- Solution
- Case Sealers & Erectors
- Wrappers
- Stretch Wrappers
- Flow Wrappers
- Shrink Wrappers
- Filling
- Sleeves & Cartoners
- Markers & Labelers
- Strappers
- Palletizer and Depalletize
- Automated Mailer Systems
- Case Packers
- Vertical/Top Load Case Packer
- Wrap-around Load Case Packer
- Horizontal/Side Load Case Packer
- Others
- Others
- Services
- Consulting
- Support & Maintenance
- Installation & Training
By Automation Type:
- Robotic Pick & Place Automation
- Secondary Packaging Automation
- Tertiary & Palletizing Automation
By Industry Vehicle:
- Healthcare & Pharmaceuticals
- Healthcare & Pharmaceutical Manufacturing Companies
- Contract Manufacturing Organizations
- E-commerce & Logistics
- E-commerce
- Contract Packaging
- Logistics Companies
- Food & Beverage
- Automotive
- Chemical & Refinery
- Aerospace & Defense
- Others
Region:
- North America
- Latin America
- Asia Pacific
- MEA (Middle East and Africa)
- Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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