Packaging Automation Market 2022 Revenue, Opportunity, Forecast and Value Chain 2027

The Packaging Automation market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Packaging Automation Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

The Packaging Automation Market is expected to register a CAGR of 5.7% over the forecast period 2022 - 2027.

Competitive Landscape: Robert Bosch GmbH?,  Coesia S.p.A.?,   Krones Inc.?,  Tetra Pak International S.A?,  Graphic Packaging International, LLC?,  I.M.A Industria Macchine Automatiche S.p.A?,  MULTIVAC Group?,  ABB Ltd,   Ishida Co. Limited?,  Sidel S.A.?,  Marchesini Group S.p.A? and Others

Industry News:

March 2019 - Bosch launched Pack 403. It is the first next-generation machine by the company. Bosch is a successor of Pack 401 and is a fully-automated horizontal flow wrapper for medium to high-speed wrapping. The Pack 403 is designed to produce up to 800 packages per minute at a film speed of 90 meters.

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Scope of the Report:

The industries are focusing on gaining a higher cost realization by achieving higher efficiency and cost reduction in the overall operation. Labor wage is one of the large chunks of expense for any manufacturer. The trend toward less staff per line has been driving the need for intuitive control units, such as Human & Machines (HMI), to Interact with multi-touch. Hence, by adopting packaging automation systems, manufacturers gain efficient and cost-effective packaging solutions.
Companies are now adopting industry 4.0, and it is coupling with the rise in need for supply chain integration. Manufacturers are moving toward packaging automation solutions due to their ability to interact with the stakeholders and the optimization of complicated logistics schedules.

Key Market Trends:

Pharmaceutical Industry to Show Significant Growth

The pharmaceutical industry is now investing more toward the packaging automation solutions to improve production efficiency. According to the Evolution of Automation, produced by PMMI, less than 50% of the pharmaceutical and medical device companies have inline integration. Hence, there is a huge opportunity for packaging automation vendors in the pharmaceutical industry.
A recent study by FDANews stated that around 80% of the deviations observed could be attributed to human error. Also, in the United States, 90% of the prescriptions have generic drugs, but only generates 28% of the revenue of the pharmaceutical revenue, resulting in an increasing demand for small batch production. With the packaging automation, consistent quality, even for small batch production, can be achieved.

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North America to Hold a Major Market Share

Due to the high penetration of packaging machinery in the region, North America accounts for a significant market share. The formation of the 'Advanced Manufacturing Partnership (AMP)' is an initiative undertaken by the United States to make the industry, universities, and the federal government invests in emerging technologies. This initiative has helped the country gain a competitive edge in the global economy by investing in packaging equipment used in the final line of production.
The country also boasts of a strong export base of packaging machinery, which has contributed to its growth. Companies, like Bosch Packaging Services, have expanded their businesses by investing in various packaging sectors, such as confectionery, bakery, fresh food, frozen food, and pharmaceutical.

Regional Analysis for Packaging Automation Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Packaging Automation Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Packaging Automation report coverage:

- A complete background analysis, which includes an assessment of the Global Packaging Automation Market.

- Important changes in Packaging Automation market dynamics

- Packaging Automation Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Packaging Automation market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Packaging Automation industry developments

- Packaging Automation Market shares and strategies of key players

- Emerging niche Packaging Automation segments and regional markets

- An objective assessment of the trajectory of the Packaging Automation market

- Recommendations to companies for strengthening their foothold in the Packaging Automation market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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