Packaging Automation Market Size, Restraints, Drivers, Trends And Analysis 2024-2033

"The new report published by The Business Research Company, titled Packaging Automation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the packaging automation market size has grown rapidly in recent years. It will grow from $71.31 billion in 2023 to $78.49 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The packaging automation market size is expected to see rapid growth in the next few years. It will grow to $115.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.

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E-Commerce Expansion Fuels Surge In Packaging Automation Market Demand
The rising e-commerce industry is expected to propel the growth of the packaging automation market going forward. E-commerce or electronic commerce refers to the buying and selling goods and services over the internet. The demand for e-commerce stems from its convenience, accessibility, and ability to provide a wide range of products and services to consumers from the comfort of their homes, anytime and anywhere. E-commerce uses packaging automation to streamline order fulfillment processes, reduce costs, enhance efficiency, and ensure consistent packaging quality across a high volume of orders. For instance, according to the 2023 data released by the United States Census Bureau, a US-based government agency, e-commerce sales increased by 7.6 % between the third quarter of 2022 and the third quarter of 2023 in the USA. Therefore, the increased demand for rising e-commerce industry is driving the growth of the packaging automation market.

Revolutionary Liquid Packaging Solution
Major companies operating in the packaging automation market focus on automated packaging technologies for liquid products such as vertical form-fill-seal systems, to meet the growing demand for streamlined liquid packaging solutions in various industries. An automated vertical form-fill-seal system efficiently packages products by forming, filling, and sealing them within a single integrated process, streamlining production and ensuring consistent quality. For instance, in November 2023, Sealed Air Corporation, a US-based packaging company, launched a new automated packaging system for liquids called the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System. This system can accommodate packages weighing up to 2 kg in either one or two phases and has a vertical filling approach. The vertical pouch packaging has no headspace, resulting in superior quality and protection for the products, and the pouches are convenient to store, open, and dispose of while also offering cost-efficiency, lightweight design, resistance to damage, and preserving flavor and freshness.

The packaging automation market covered in this report is segmented -

1) By Offering: Solution, Services
2) By Automation Type: Robotic Pick And Place Automation, Secondary Packaging Automation, Tertiary And Palletizing Automation
3) By Industry Vertical: Healthcare And Pharmaceuticals, E-Commerce And Logistics, Food And Beverage, Automotive, Chemical And Refinery, Aerospace And Defense, Other Industry Verticals

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Major companies operating in the packaging automation market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Jabil Inc., ABB Ltd., Toshiba Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, Omron Corporation, Krones AG, Daifuku Co. Ltd., Dematic Corporation, KUKA AG, YASKAWA Electric Corporation, ATS Corporation, BEUMER Group GmbH & Co. KG, ProMach Inc., Kollmorgen Corporation, ACTEGA GmbH, Essel Propack Ltd., CFT S.p.A, JLS Automation LLP, Automated Packaging Systems Inc

Contents of the report:
1. Executive Summary
2. Packaging Automation Market Report Structure
3. Packaging Automation Market Trends And Strategies
4. Packaging Automation Market - Macro Economic Scenario
5. Packaging Automation Market Size And Growth
…..
27. Packaging Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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