Global Packaging Automation Market - WishTree Insight

Global Packaging Automation Market by Application (Labelling, Capping, Wrapping, Palletizing, Filling), Type (Packaging Robots, Automated Conveyor & Sorting, Automatic Packagers), End-User (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverages, Semiconductor & Electronics), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The global packaging automation market size was valued at USD 93 billion in 2021 and is expected to surpass USD 104 billion by 2031, expanding at a CAGR of 9.4% during the forecast period, 2021–2031. The growth of the market is attributed to the rising globalization of production, the need for lean & cost-effective manufacturing, and reduced labor costs.

INTRODUCTION

The term packaging automation refers to packaging procedures without human assistance. It avoids unnecessary tasks with fewer resources. It has reduced the dependency on manpower, performs more tasks, improves packaging reproductivity & efficiency, and leads to better utilization of floor space. Packaging automation has improved the packaging quality in less time and in a cost-effective manner. Also, it has increased productivity and efficiency in the manufacturing processes. In various sectors, automated machines are used due to their cost-effectiveness, ability to reduce labor time, and work efficiency. The benefits of automated machines such as waste reduction, safer working conditions, meticulous quality, low cost, and improved flexibility have increased the adoption in the manufacturing sector.

Market Trends, Drivers, Restraints, and Opportunities

• The rising demand for packaging automation from the food and beverages sector, healthcare sector, and others are some additional contributors that fuel this market.
• The increased competition and growing focus on reducing time have promoted manufacturers towards automated packaging.
• The awareness of safety concerns for workers has propelled this market.
• The requirement for a high level of maintenance and high capital cost for automated packaging systems are some of the restraining factors in this Market.

Scope of the Report

Market Segment Insights

The palletizing segment is expected to expand at a rapid pace

Based on application, the global packaging automation market is divided into labeling, capping, wrapping, palletizing, and filling. The palletizing segment is expected to expand at a rapid pace during the forecast period. Palletizing segment showed a considerable share of 35% in the packaging automation market. It has become easier due to the change of packaging from conventional to hybrid palletizers.

The packaging robots segment is projected to register a considerable CAGR

Based on type, the global packaging automation market is segregated into packaging robots, automated conveyors & sorting, and automatic packagers. The packaging robots segment is projected to register a considerable CAGR during the forecast period owing to their application to provide product safety and quality with minimum environmental impact. On the other hand, the automated conveyors & sorting segment is anticipated to account for a major market share during the forecast period, due to its shipping accuracy, enhanced flexibility, and shipments it has huge demand in the e-commerce industry.

The food & beverage segment is projected to register a considerable CAGR

Based on end-user, the global packaging automation market is segregated into personal care & cosmetics, pharmaceuticals, food & beverages, and semiconductor & electronics. The food & beverage segment is projected to register a considerable CAGR during the forecast period due to the rise in demand for grid packaging solutions such as palletizing and filling machines, that help in packing beverages and food. On the other hand, the pharmaceutical segment is anticipated to account for a major market share during the forecast period. The requirement to protect medicines, chemicals, and devices from environmental conditions. Apart from this, it is also used to prevent modification of their chemical properties that demands plastic bottles, caps & closure, blister packs, pouches, strip packs, medication tubes, cartridges, and medical specialty bags, and others.

The North American region is anticipated to constitute a key market share

In terms of regions, the global packaging automation market is classified as the Asia Pacific, Middle East Africa, Europe, North America, and Latin America. The market of the North American region is expected to constitute a key share of the market during the projected period. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period with key players adopting an expansion strategy in this region to gain maximum market share in the coming years. Countries like China and India are offering ample opportunities for the growth of the packaging automation market with its high population base and due to rapid market growth. Key factors such as rapid industrialization and increasing manufacturing activities in this region are also driving Packaging Automation Market in the Asia Pacific region.

Competitive Landscape

Key players competing in the global packaging automation market are Siemens AG (German); Rockwell Automation, Inc. (U.S.); Schneider Electric (France); Falcon Autotech (India); Mitsubishi Electric Corporation (Japan); Swisslog Holding AG (Switzerland); ABB Ltd (Switzerland); Emerson Electric Co. (U.S.).

FAQs

Mention the market size of global packaging automation.

The global packaging automation market size was valued at USD 93 billion in 2021 and is expected to surpass USD 104 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 9.4%.

What are the key drivers of the market?

The growth of the market is attributed to the rising globalization of production, the need for lean & cost-effective manufacturing, and reduced labor costs.

What segments are covered in the global packaging automation report?

Application (Labelling, Capping, Wrapping, Palletizing, Filling), Type (Packaging Robots, Automated Conveyor & Sorting, Automatic Packagers), End-User (Personal Care & Cosmetics, Pharmaceuticals, Food & Beverages, Semiconductor & Electronics)

Mention the region is expected to hold the highest share in global packaging automation.

The North American region is expected to hold the highest share of the global packaging automation market.

Mention the key players in the market.

Key players competing in the global packaging automation market are Siemens AG (German); Rockwell Automation, Inc. (U.S.); Schneider Electric (France); Falcon Autotech (India); Mitsubishi Electric Corporation (Japan); Swisslog Holding AG (Switzerland); ABB Ltd (Switzerland); Emerson Electric Co. (U.S.)