Packaging Automation Market: Overlook of Industry and Forecast (2023-2029) by Product, Function, Type, Industry, and Region

Packaging Automation Market size was valued at US$ 64.7 Bn. in 2022. Packaging Automation will encourage a great deal of transformation in Pharmaceutical Industry.
Packaging Automation Market Overview:
The term "packaging automation" refers to the process of packaging without the use of humans. It's a clever strategy for eliminating redundant jobs and helping manufacturing or packaging organizations to do more tasks with fewer personnel. Packing automation reduces reliance on human labor, improves packaging repeatability and efficiency, and so allows for more efficient use of floor space. It also enhances packing quality while lowering total packaging expenses. Manufacturing processes become more efficient and productive thanks to automated machines.

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Though market forecasting through 2029 is based on real output, demand, and supply of 2021, 2021 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2029 is done based on past data from 2017 to 2021 with the impact of global lockdown on the market in 2021 and 2022.
Packaging Automation Market Dynamics:
The demand for durable packaging solutions to ensure the durability and endurance of items during transit has increased as disposable incomes have increased along with the standard of living. These factors are driving producers in the healthcare, e-commerce & logistics, and food & beverage industries to use sophisticated packaging solutions to boost production speed and apply the mass production idea.

Moreover, as the demand for supply chain integration grows, businesses are using smart technology in the packaging of goods. The capacity to connect with stakeholders and optimize the intricate logistics schedule is provided by the integration of these technologies. For example, Amazon Inc. revealed that it had used automated packaging technology in its warehouses to maintain and package items. The system allows for five-time faster order packaging than people, handling up to 700 orders per hour, or the equivalent of 24 workers. The Packaging Automation Market is expected to increase as a result of these factors.

In addition, the pharmaceutical industry's rapid expansion will drive up the need for sustainable packaging solutions in the coming years. The necessity for advanced packaging to preserve pharmaceutical medications from environmental conditions and avoid the change of their chemical properties will rise as the industry continues to grow.

Pharmaceutical companies are spending a lot of money on packaging robots to better their operations and services. Automated packaging machines for small plastic parts such as bottles, caps & closures, catheters, syringes, inhalers, disposables, and other medical devices eliminate operator failures while also improving product quality and patient safety. These factors are driving the Packaging Automation Market's demand.

However, the Packaging Automation Market's growth is being stifled by the high development and maintenance costs connected with these devices. The incorporation of modern technologies, as well as the need for professional staff, will drive up the overall costs of these devices. Also, the machines' regular and continuous functioning necessitates correct and periodic maintenance, which incurs additional costs. Moreover, the industry's expansion is hampered by the presence of severe government rules relating to worker safety while using automated packing procedures.

Bosch released the Pack 403 in March of this year. It is the company's first next-generation machine. Bosch is a fully automated horizontal flow wrapper for medium to high-speed wrapping that is a successor to Pack 401. At a film speed of 90 meters, the Pack 403 can manufacture up to 800 packets each minute.

The industries are concentrating their efforts on increasing cost realization through increased efficiency and cost reduction in the total operation. Wages are one of the most significant costs for every manufacturer. The demand for intuitive control units, such as Human & Machines (HMI), to interact with multi-touch has been driven by the trend toward fewer employees per line. As a result, producers can achieve efficient and cost-effective packaging solutions by implementing package automation systems.

Companies are increasingly adopting Industry 4.0, which coincides with a growing demand for supply chain integration. Because of their capacity to communicate with stakeholders and optimize intricate logistics schedules, manufacturers are turning to packaging automation solutions.

HMI interfaces such as speech recognition, motion sensors, and other similar peripheral devices also allow for the interchange of factor data via SCADA software systems, allowing operators to have rapid access to HMI information and remotely monitor production. These occurrences increase the efficiency of packaging operations, which is expected to drive the market forward.
Packaging Automation Market Segmentation:
By Product, Packaging Robots dominated the market with a 42% share in 2021. Due to their ability to ensure product safety and quality throughout the value chain while also reducing environmental impact. The e-commerce industry's large desire for more flexibility, shipping accuracy, and more frequent shipments will drive the Automated Conveyors & Sortation Systems market through the forecast period.
 Packaging Automation Market Regional Insights:
North America dominated the market with a 38% share in 2021. The 'Advanced Manufacturing Partnership was established by the US government to encourage industry, universities, and the federal government to invest in developing technology. By investing in packaging equipment used in the last line of manufacturing, this program has helped the country achieve a competitive advantage in the global market. The country also has a large export base of packing machinery, which has aided its development. Bosch Packaging Services has grown its business by investing in a variety of packaging areas, including confectionery, bakery, fresh food, frozen food, and pharmaceuticals. Vendors in the region are also relying on sustainability to get a foothold in the market. Ranpak Automation announced the North American launch of EVO Cut'It in July 2021.

It's an automated packing machine for product shipping and fulfillment companies that reduces carton size based on package content volume. As the speed of competition picks up, manufacturers are forced to cut costs in their packaging processes, which leads to automation. Labor costs are one of a company's most significant expenses. The minimum wage in the United States increased by 3.2% in 2021, the biggest increase since 2008. As a result of the severe rivalry in their industry, commercial organizations are forced to reduce their margins. Packaging automation reduces the number of hours required for packaging and streamlines the process.

The objective of the report is to present a comprehensive analysis of the Packaging Automation market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Packaging Automation market dynamics, structure by analyzing the market segments and projecting the Packaging Automation market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Packaging Automation market make the report investor’s guide.
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Packaging Automation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 59.4 Bn.


Forecast Period 2023 to 2029 CAGR:
9%
Market Size in 2029:
US $ 118.35 Bn.


 Segments Covered:
by Product
Automated Packagers
Packaging Robots
Automated Conveyors and Sortation Systems


by Function
Case Packaging
Palletizing
Labeling
Bagging
Filling
Capping
Wrapping
Others


by Type
Services
Software


by Industry
Food and Beverages
Healthcare
Logistics and Warehousing
Chemical
Retail
Semiconductor and Electronics
Aerospace and Defense
Automotive
Others



Packaging Automation Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Packaging Automation Market Key Players
1 Rockwell Automation
2 Mitsubishi Electric Corp.
3 Schneider Electric SE
4 Emerson Electric Co
5 Swisslog Holding AG
6 Siemens AG
7 Automated Packaging Systems, Inc.
8 Kollmorgen
9 Robert Bosch GmbH
10 Coesia S.p.A.
11 Krones Inc.
12 Tetra Pak International S.A
13 Graphic Packaging International, LLC
14 I.M.A Industria Macchine Automatiche S.p.A
15 MULTIVAC Group
16 ABB Ltd
17 Ishida Co. Limited
18 Sidel S.A.
19 Marchesini Group S.p.A

Frequently Asked Questions:

1. Which region has the largest share in Global Packaging Automation Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Packaging Automation Market?
Ans: The Global Packaging Automation Market is growing at a CAGR of 9% during forecasting period 2023-2029.

3. What is scope of the Global Packaging Automation market report?
Ans: Global Packaging Automation Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this market?
Ans: The Global Packaging Automation Market is studied from 2022 to 2029.