by The global packaging automation market size was estimated at USD 69.18 billion in 2022 and is projected to hit around USD 145.93 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.
The packaging automation market has experienced significant growth driven by various factors. Packaging automation involves the use of machinery and technology to streamline and optimize packaging processes, such as filling, sealing, labeling, and palletizing, across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. With increasing demand for efficiency, speed, and consistency in packaging operations, there has been a growing interest in automation solutions to reduce labor costs, minimize errors, and improve overall productivity. These automation solutions range from simple conveyor systems and robotic arms to sophisticated packaging machinery equipped with advanced sensors, controllers, and software for precise and efficient packaging operations.
Moreover, advancements in robotics, artificial intelligence (AI), and machine learning have further enhanced the capabilities and performance of packaging automation systems, enabling businesses to achieve higher throughput, flexibility, and customization in their packaging processes. Additionally, the COVID-19 pandemic has accelerated the adoption of packaging automation as companies seek to address labor shortages, minimize human contact, and adapt to changing consumer preferences and demand patterns. As industries continue to prioritize efficiency, scalability, and agility in packaging operations, the packaging automation market is expected to witness sustained growth, offering opportunities for innovation and investment in automated packaging solutions.
Key Takeaways
- In 2022, the filling equipment category accounted for 23 percent of the overall revenue share.
- Pharmacies are predicted to expand at a compound annual growth rate (CAGR) of 9.3% by end use between 2023 and 2032.
- In 2022, the sector of food processing accounted for 37.6% of the overall revenue share.
Get a Sample: https://www.precedenceresearch.com/sample/2303
Scope of the Packaging Automation Market
| Report Coverage | Details |
| Market Size in 2023 | USD 74.23 Billion |
| Market Size by 2032 | USD 145.93 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 7.8% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered |
|
Read More: Personalized Packaging Market Size to Worth USD 59.77 Bn by 2032
Packaging Automation Market Dynamics
Driver
The packaging automation market is experiencing growth propelled by the rising e-commerce industry. As e-commerce continues to expand globally, there is an increasing demand for efficient and streamlined packaging processes to meet the growing volume of online orders.
The e-commerce industry relies heavily on packaging automation solutions to optimize packaging operations, increase efficiency, and reduce costs. Packaging automation technologies such as automated carton sealing machines, robotic packaging systems, automated labeling systems, and conveyor systems help e-commerce companies handle large order volumes with speed and precision.
Moreover, packaging automation enables e-commerce businesses to enhance order fulfillment accuracy, reduce packaging errors, and improve customer satisfaction. By automating repetitive and labor-intensive packaging tasks, companies can free up manpower to focus on other critical aspects of their operations, such as customer service and product innovation.
Restraint
Packaging automation presents a higher cost compared to traditional packaging methods in the packaging automation market. While automation offers significant benefits such as increased efficiency, productivity, and consistency, the initial investment required to implement automated packaging systems can be substantial. Automated packaging equipment, such as robotic arms, conveyor systems, and packaging machinery, often come with high upfront costs, as well as ongoing expenses for maintenance, training, and technical support.
Additionally, integrating automation into existing packaging operations may require modifications to production facilities, infrastructure, and workflows, further adding to the overall cost. Furthermore, specialized expertise and resources are needed to design, implement, and optimize automated packaging solutions, which can incur additional expenses for businesses.
Opportunity
Technological advancements are driving significant growth in the packaging automation market. These advancements encompass a wide range of innovations, including robotics, artificial intelligence, machine learning, and Internet of Things (IoT) technology. Robotics play a crucial role in automating packaging processes, from picking and packing to palletizing and sorting, thereby increasing efficiency and throughput while reducing labor costs. Artificial intelligence and machine learning enable intelligent automation solutions that can optimize packaging operations, improve quality control, and predict maintenance needs. IoT technology facilitates connectivity and data exchange between machines and systems, enabling real-time monitoring, remote control, and predictive maintenance for packaging equipment.
Additionally, advancements in vision systems, sensors, and software algorithms enhance accuracy, speed, and flexibility in packaging automation solutions. These technological advancements are revolutionizing the packaging industry, enabling manufacturers to streamline operations, increase productivity, and meet the growing demand for customized and sustainable packaging solutions. As a result, the packaging automation market is experiencing rapid growth and innovation, with opportunities for further expansion in the coming years.
Recent Developments
- Maxpack Machinery LLC debuted Leap by Max pack, a revolutionary piece of packaging machinery that allows the client to pay overtime, in August 2022. Leap is Maxpack’s solution to the rapidly expanding Buy Now, Pay Later sector. The automation equipment is available in premium bundles with 18 interest-free, guaranteed, and credit-free monthly installments.
- ULMA Packaging announced in May 2022 that the TSA 400, a recently developed small tray sealer, will be showcased at IFFA 2022. The manufacturer claims that the TSA 400 is a very versatile device that can be used for SKIN, MAP, LEAFSKINTM, and LEAFMAPTM applications. It is perfect for layouts with limited space because of its compact size and high-speed output of only 2.3 meters.
Packaging Automation Market Players
- ABB Ltd.
- Automated Packaging Systems, Inc.
- Beumer Group GmbH & Co. KG
- Emerson Electric Company
- Kollmorgen Corporation
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Swisslog Holding AG
Segments Covered in the Report
By Offering
- Solution
-
- Case Sealers & Erectors
- Wrappers
- Stretch Wrappers
- Flow Wrappers
- Shrink Wrappers
- Filling
- Sleevers & 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 Vertical
- 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
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Unlocking Market Insights through Data Excellence
The “Precedence Statistics” flexible dashboard is a powerful tool that offers real-time news updates, economic and market forecasts, and customizable reports. It can be configured to support a wide range of analysis styles and strategic planning needs. This tool empowers users to stay informed and make data-driven decisions in various scenarios, making it a valuable asset for businesses and professionals looking to stay ahead in today’s dynamic and data-driven world.
To Access our Premium Real-Time Data Intelligence Tool, Visit:
www.precedencestatistics.com
