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Global Packaging Automation Market Projected to Surpass $127.53 Billion by 2029 with 10.1% Annual Growth
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The packaging automation industry has seen a swift expansion in its market size over the recent past. This market is projected to rise from $78.49 billion in 2024 to $86.72 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.5%. The surge during the historical period can be credited to the escalating demands for packaging automation, the rise in automation of secondary packaging, the growing necessity for automated packaging machines, and the rising uptake in automation solutions.
Expectations foresee a swift expansion in the packaging automation market in the coming years. It's projected to escalate to $127.53 billion in 2029, experiencing an average annual growth rate (CAGR) of 10.1%. Factors contributing to this projected growth within the forecast period include an enhanced demand for improved productivity and manufacturing processes related to industrialization; increased needs in the food and beverage, pharmaceuticals, and cosmetics sectors; amplified consciousness about integrating supply chains; and a growing e-commerce industry. Predicted trends during the forecast period include developments in packaging automation, technological progress, personalized packaging, the need for technological innovation, and the proliferation of robotics technologies.
What Factors Are Fueling Growth in the Packaging Automation Market?
The packaging automation market is predicted to be influenced positively by the thriving e-commerce sector. Online trade, also known as e-commerce, involves the trade of goods and services over the internet. It is highly favoured for its convenience, accessibility, and the extensive range of products and services it offers to consumers without leaving their homes, irrespective of time and place. By using packaging automation, e-commerce businesses are able to optimize their order fulfillment processes, decrease expenses, increase efficacy, and maintain consistent packing quality even with a large amount of orders. For instance, data from 2023, released by the United States Census Bureau, an agency of the US government, demonstrated a 7.6% increase in e-commerce sales in the USA between the third quarters of 2022 and 2023. Hence, the expanding e-commerce industry is contributing to the notable growth of the packaging automation market.
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Which Key Market Leaders Are Driving Packaging Automation Industry Growth?
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
What Are the Emerging Trends in the Packaging Automation Industry?
Leading companies in the packaging automation market place their emphasis on automated packaging solutions for liquid-based items, such as vertical form-fill-seal methods, in a bid to address the escalating demand for efficient liquid packing in numerous industries. The vertical form-fill-seal mechanism is a highly effective system that packages items through a comprehensive process of formation, filling, and sealing, thereby optimizing production and maintaining consistent product quality. For example, Sealed Air Corporation, an American packaging firm, unveiled a novel automated packing system for liquids in November 2023, known as the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System. This system is capable of packing goods weighing up to 2 kg in either single or double phases, incorporating a vertical filling method. There is no headspace in this vertical pouch packing, ensuring a high standard of product protection and quality. Additionally, these pouches are user-friendly in storage, opening, and disposal, catering to cost-effectiveness, lightweight nature, resilience against damage, and extended preservation of taste and freshness.
What Are the Main Segments in the Packaging Automation Market?
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
Subsegments:
1) By Solution: Automated Packaging Systems, Robotic Packaging Solutions, Conveyor Systems, Labeling and Coding Systems, End-Of-Line Packaging Equipment, Packaging Software Solutions
2) By Services: Consulting Services, System Integration Services, Maintenance And Support Services, Training Services, Customization And Upgrades
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Which Geographic Area Leads the Packaging Automation Market?
North America was the largest region in the packaging automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Packaging Automation Global Market Report?
- Market Size Analysis: Analyze the Packaging Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Packaging Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Packaging Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Packaging Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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