REDDING,
Calif., May 20, 2024 /PRNewswire/ -- According to
a new market research report titled, 'Packaging Automation
Market by Offering (Solution, Services), Type, End-use
Industry (Healthcare & Pharmaceuticals, E-commerce &
Logistics, Food & Beverage, Chemical & Refinery, Aerospace
& Defense), and Geography—Global Forecast to
2031,' the global packaging automation market is
projected to reach $118.8 billion by 2031, at
a CAGR of 10.1% from 2024 to 2031.
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Packaging automation is the process of packaging products using
automated technologies which require minimal or no manual
intervention. Automated packaging systems have transitioned from
singular machines that automate one step in the packaging process
to integrating all steps seamlessly into the entire packaging
process. Packaging automation helps improve production speeds &
efficiency and ensures high quality control and
standardization.
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.
The global packaging automation market is segmented by offering
(solutions [case sealers & erectors, sleevers & cartoners,
palletizers & depalletizers, strappers, markers & labelers,
automated mailer systems, case packers, and other solutions],
services [consulting, installation & training, and support
& maintenance]), type (robotic pick & place, secondary
packaging, and tertiary & palletizing), end-use industry
(healthcare & pharmaceuticals [healthcare & pharmaceuticals
manufacturing companies and contract manufacturing organizations],
e-commerce & logistics [E-commerce, contract packaging, and
logistics companies], food & beverage, automotive, chemical
& refineries, aerospace & defense, and other end-use
industries), and geography (Asia-Pacific, Europe, North
America, Latin America, and
the Middle East & Africa). The study also evaluates industry
competitors and analyses the market at the country and regional
levels.
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Based on offering, the packaging automation market is
segmented into solutions and services. Furthermore, the solutions
segment is subsegmented into case sealers & erectors, sleevers
& cartoners, palletizers & depalletizers, strappers,
markers & labelers, automated mailer systems, case packers, and
other solutions. The services segment is subsegmented into
consulting, installation & training, and support &
maintenance. In 2024, the solutions segment is expected to account
for the larger share of the global packaging automation market.
This segment is estimated to be worth USD
51.2 billion in 2024. 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.
Based on type, the packaging automation market is
segmented into robotic pick & place, secondary packaging, and
tertiary & palletizing. In 2024, the robotic pick and place
segment is expected to account for the largest share of
41.5% of the 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.
Based on end-use industry, the packaging automation
market is segmented into healthcare & pharmaceuticals,
E-commerce & logistics, food & beverage, automotive,
chemical & refineries, aerospace & defense, and other
end-use industries. Furthermore, the healthcare &
pharmaceuticals segment is subsegmented into healthcare &
pharmaceuticals manufacturing companies and contract manufacturing
organizations. The E-commerce & logistics segment is
subsegmented into E-commerce, contract packaging, and logistics
companies. In 2024, the food & beverage segment is expected to
account for the largest share of 44% of the 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.
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Based on geography, the global packaging
automation market is segmented into North
America, Europe,
Latin America, and the
Middle East & Africa. In 2024, Asia-Pacific is expected
to account for the largest share of 38.3% of the packaging
automation market, followed by Europe, North America,
Latin America, and the
Middle East & Africa. The Asia-Pacific packaging automation market is
estimated to be worth USD 23.2
billion in 2024. 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.
The key players operating in the global packaging automation
market are ABB, Ltd. (Switzerland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Fanuc Corporation (Japan), and 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
Haggenmüller SE & Co. KG (Germany), Omori Machinery Co., Ltd.
(Japan), and Syntegon Technology
GmbH (Germany).
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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
- 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
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