"Global Packaging Automation Market Poised to Reach $108.2 Billion by 2030, Driving Innovation in Efficiency and Sustainability"

According to a new report titled, "Packaging Automation Market by Offering, Type, End-use Industry, and Geography-Global Forecast to 2030," the global packaging automation market is projected to reach $108.2 billion by 2030, growing at a robust CAGR of 9.8% from 2023 to 2030.

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Packaging automation, a transformative process that utilizes cutting-edge technologies to streamline product packaging, has evolved significantly over the past decade. Initially designed to automate individual stages of the packaging process, these systems have matured into fully integrated solutions that enhance overall efficiency, ensure quality control, and minimize human intervention.

The market's exponential growth is being fueled by several key factors, including the rapid expansion of the e-commerce industry, increasing automation adoption across diverse sectors, and stringent food safety regulations. However, the high initial cost of automation systems may pose a challenge to market growth.

Despite these obstacles, the demand for packaging automation in logistics, as well as the growing interest in sustainable and eco-friendly packaging solutions, is expected to create significant opportunities for market expansion. Moreover, the rising adoption of smart packaging and advanced technologies such as AI and robotics continues to reshape the industry.

Market Segmentation & Insights
The global packaging automation market is segmented based on offerings, types, end-use industries, and geography, with further sub-segmentation providing in-depth insights into key areas of growth and opportunity.

By Offering
The market is divided into two primary segments: solutions and services. In 2023, the solutions segment dominated the market, driven by the demand for faster production speeds and improved safety protocols. Solutions encompass case sealers & erectors, sleevers & cartoners, palletizers & depalletizers, automated mailer systems, and other packaging systems. However, the services segment, which includes consulting, installation & training, and support & maintenance, is expected to witness the highest growth rate, driven by the increasing adoption of automation technologies in industries such as e-commerce, pharmaceuticals, and food & beverage.

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By Type
The market is segmented into robotic pick & place, secondary packaging, and tertiary & palletizing. The robotic pick & place segment held the largest share in 2023, primarily due to its widespread use in industries like manufacturing, food & beverage, and pharmaceuticals. The secondary packaging segment is projected to grow at the highest CAGR, as businesses seek to enhance product safety during transportation and meet the demand for supplementary protection in sectors such as e-commerce and healthcare.

By End-use Industry
The end-use industry segment covers healthcare & pharmaceuticals, e-commerce & logistics, food & beverage, automotive, chemical & refineries, aerospace & defense, among others. The food & beverage industry led the market in 2023, driven by changing consumer preferences and increased demand for packaged food products. However, the e-commerce & logistics segment is expected to grow at the fastest rate, bolstered by the rise in online shopping and the need for efficient, automated packaging systems to ensure timely deliveries.

Geographical Insights
The global packaging automation market is geographically segmented into North America, Europe, Latin America, the Middle East & Africa, and Asia-Pacific. Asia-Pacific emerged as the dominant region in 2023, driven by its strong food & beverage sector, government initiatives promoting Industry 4.0, and the growing demand for sustainable packaging solutions. The region is also expected to witness the highest growth rate over the forecast period, with countries like China and India leading the charge in e-commerce and automation adoption.

Key Market Players
Prominent companies in the packaging automation market include: ABB, Ltd. (Switzerland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Fanuc Corporation (Japan), and Mitsubishi Electric Corporation (Japan), Swisslog Holding AG (Switzerland), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), WestRock Company (U.S.), SATO Holdings Corporation (Japan), Krones AG (Germany), Automated Packaging Systems, Inc. (U.S.), Emerson Electric Co. (U.S.), Crawford Packaging (Canada), Fuji Machinery (Japan), Brenton LLC (U.S.), BEUMER Group GmbH & Co. KG (Germany), Barry-Wehmiller Group, Inc. (U.S.), KHS GmbH (Italy), MULTIVAC Sepp Haggenmüller SE & Co. KG (Germany), Omori Machinery Co., Ltd. (Japan), and Syntegon Technology GmbH (Germany).

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This release was published on openPR.