Packaging Automation Market Forecasts to 2028 – Global Analysis By Product Type (Automated Packagers, Packaging Robots), Application (Palletizing, Filling, Capping), End User, and By Geography

Packaging Automation Market Forecasts to 2028 – Global Analysis By Product Type (Automated Packagers, Packaging Robots), Application (Palletizing, Filling, Capping), End User, and By Geography

According to Stratistics MRC, the Global Packaging Automation Market is accounted for $61.50 billion in 2021 and is expected to reach $1118.33 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Packaging automation refers to the packaging procedure without any human assistance. Packaging automation can range from a single piece of equipment to a standard method or an entire packaging line. It is a smart approach to eliminate unnecessary tasks and therefore allowing the manufacturing or packaging companies to perform more tasks with less assets.

Market Dynamics:

Driver:

Implementation of advanced packaging solutions

Increasing demand for advanced packaging solutions because of the increase in the disposable incomes combined with the rise in the standard of living, which is increasing the demand for packaging solutions to ensure the durability and life span of the products during shipment. These factors are encouraging manufacturers in the field of various industries to implement advanced packaging solutions to speed up their production and to implement the idea of mass production. Additionally, the organizations are adopting smart technologies in the packaging of goods because of the rise in the requirement for supply chain integration.

Restraint:

High cost

Implementation of automated packaging solutions, including packaging machines involve high expenses on the manufacturers is restraining the market growth. The combination of advanced technologies and the necessity for skilled labor will expand the overall costs for these machines. Also, regular and continuous operation of the machines need proper and periodic maintenance, resulting in extra expenses.

Opportunity:

Technological advancements

With the increasing technological advancements, the need and necessity for machines with intelligent packing, IoT technology, and smart sensors are expanding. IoT enabled packaging automation machines empower remote monitoring, evaluation, and control of the processes and functions that can be worked utilizing smartphones, PCs, and laptops. This innovation enables managers and operators to estimate the effectiveness and reliability in the process of these automated products. Moreover, they help in identifying the faults and correcting them by remote controlling of the machines and providing important commands to activate or deactivate a function of the machine, which is providing ample opportunities for the growth of the market.

Threat:

Stringent government regulations

Safeguarding is very essential for safeguarding employees from unnecessary and preventable injury. Presence of stringent government regulations about employees safety during the utilization of automated packing procedures in the industry is acting as a challenge to the industry growth.

The capping segment is expected to be the largest during the forecast period

The capping segment is estimated to have a lucrative growth as this equipment is experiencing popularity in the pharmaceutical and food & beverage industry for packing small plastic parts. Organizations working in these industries are introducing automatic capping machine in their production facilities to accelerate the production process and to acquire accuracy in their systems. In addition, rising personal care and beauty product sales in developing countries are encouraging players to implement automated packaging systems, especially for lotions, soaps, and other skincare products, thus driving the segment in the packaging automation market growth.

The automated conveyors & sortation systems segment is expected to have the highest CAGR during the forecast period

The automated conveyors & sortation systems segment is anticipated to witness the fastest CAGR growth during the forecast period as the introduction of automated conveyors in the production line assists in the efficient transportation of equipment or materials to each production station. With the expansion in the usability of these machines, the demand for packaging automation market will increase. Organizations are adopting these advanced solutions in the warehouse and distribution processes for packaging goods and to improve the quality and speed.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the rising industrialization and expanding penetration of these devices in the manufacturing activities in the countries. Favorable government initiatives for the improvement of infrastructure and the adoption of advanced innovations will additionally propel the market growth in the region. Furthermore, the presence of established players and easy availability of raw material are boosting technological innovations of the market in this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the increasing adoption of new technology by the masses and the presence of several manufacturing industries and furthermore packaging automation providers in the region; these organizations offer a wide range of automated packaging systems for applications in various industries.

Key players in the market

Some of the key players profiled in the Packaging Automation Market include Schneider Electric SE, Multivac Group, ULMA Packaging, Mitsubishi Electric Corporation, Syntegon Technology, Denso Corporation, Swisslog Healthcare, Rockwell Automation Inc., ULMA Packaging, Siemens AG, Emerson Electric Co., Sealed Air Corporation, Coesia Spa and ABB Ltd.

Key Developments:

In March 2022, ULMA Packaging announced that its machines now feature BETTER-SEAL, an innovative system that improves the sealing in mono-material solutions. The addition of this feature is a step forward in its innovation strategy and its commitment to the environment.

In January 2022 - MULTIVAC acquired TVI in Bruckmühl. This acquisition is an essential component for the further alignment of MULTIVAC as a complete supplier of packaging and processing solutions.

Product Types Covered:
• Automated Packagers
• Packaging Robots
• Automated Conveyors & Sortation Systems

Types Covered:
• Form-Fill-Seal & Fill Seal Packaging Equipment
• Pharmaceutical Equipment
• Integrating End of Line Packaging Equipment

Applications Covered:
• Wrapping & Bundling
• Palletizing
• Labelling, Decorating, and Coding
• Filling
• Case Packaging
• Bottling Line
• Decorating and Coding
• Bagging
• Capping

End Users Covered:
• Semiconductor and Electronics
• Retail
• Personal Care, Cosmetics, and Toiletries
• Household and Industrial
• Automotive
• Food & Beverage
• E-Commerce & Logistics
• Chemicals
• Aerospace and Defense
• Healthcare & Pharmaceutical

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances