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Meticulous Research® Forecasts Packaging Automation Market to Surge to $108.2 Billion by 2030
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Market Outlook:
According to the latest findings from Meticulous Research®, the global packaging automation market is poised to achieve a remarkable valuation of $108.2 billion by 2030, boasting a robust CAGR of 9.8% during the forecast period. The market's upward trajectory can be attributed to the exponential growth of the E-commerce sector, widespread adoption of automated systems across industries, and stringent food safety regulations. However, the market faces challenges stemming from the high initial costs associated with installing automated systems.
Key Growth Drivers and Challenges:
The increasing demand for packaging automation in the logistics industry, coupled with the escalating need for sustainable and eco-friendly packaging solutions, is anticipated to fuel market growth. Nonetheless, challenges such as the scarcity of skilled operators pose significant hurdles for market players. The integration of advanced technologies and the emergence of smart packaging are identified as major trends shaping the packaging automation landscape.
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Segmentation Insights:
The global packaging automation market is meticulously segmented based on offering, type, end-use industry, and geography. Key segments encompass solutions (including case sealers & erectors, sleevers & cartoners, palletizers & depalletizers, among others), services (consulting, installation & training, support & maintenance), robotic pick & place, secondary packaging, tertiary & palletizing, healthcare & pharmaceuticals, E-commerce & logistics, food & beverage, automotive, chemical & refineries, aerospace & defense, and other end-use industries.
Geographical Overview:
In 2023, Asia-Pacific is poised to dominate the packaging automation market, driven by factors such as the increasing adoption of sustainable packaging in the food & beverage sector, government initiatives promoting automation, and the burgeoning E-commerce sector in countries like China and India. Furthermore, Asia-Pacific is expected to exhibit the highest CAGR over the forecast period.
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Key Players:
The packaging automation market features a moderately competitive landscape, with key players including ABB, Ltd., Robert Bosch GmbH, Siemens AG, Fanuc Corporation, Mitsubishi Electric Corporation, and others. These industry stalwarts are at the forefront of driving innovation and shaping the future of packaging automation.
Future Outlook:
The comprehensive report by Meticulous Research® offers unparalleled insights into industry competitors, regional and country-level markets, and emerging trends, providing stakeholders with a holistic understanding of the packaging automation landscape.
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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