Global Packaging Automation Solution Market, By Product Type (Automated Packagers, Packaging Robots, Automated Conveyors and Sortation Systems), Function (Case Packaging, Palletizing, Labeling, Bagging, Filling, Capping, Wrapping, Others), Offering (Software, Services), Industry (Food and Beverages, Healthcare, Logistics and Warehousing, Chemical, Retail, Semiconductor and Electronics, Aerospace and Defense, Automotive, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Manufacturing processes become more efficient as well as productive owing to automated machines. Because of its efficacy and capacity to cut labor time and cost, manufacturers heavily utilize automated equipment to pack commodities and products. Automation has various advantages, including more flexibility, safer working conditions, exacting quality, waste reduction, and reduced costs, all of which contribute to its increased acceptance in the manufacturing industry. Furthermore, based on the requirements of product labelling and presentation, implementing the programming feature in these machines provides variety and non-repetitiveness of duties and activities.
Data Bridge Market Research analyses that the packaging automation solution market was valued at USD 52,398.20 million in 2021 and is expected to reach USD 99,896.58 million by 2029, registering a CAGR of 8.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Report Scope and Market Segmentation
2022 - 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product Type (Automated Packagers, Packaging Robots, Automated Conveyors and Sortation Systems), Function (Case Packaging, Palletizing, Labeling, Bagging, Filling, Capping, Wrapping, Others), Offering (Software, Services), Industry (Food and Beverages, Healthcare, Logistics and Warehousing, Chemical, Retail, Semiconductor and Electronics, Aerospace and Defense, Automotive, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
ABB (Switzerland), Rockwell Automation Inc. (US), Mitsubishi Electric Corporation (Japan), Schneider Electric (France), Emerson Electric Co. (US), Swisslog Holding AG (Switzerland), Siemens (Germany), Automated Packaging Systems, LLC (US), Kollmorgen (US), BEUMER GROUP (Germany), Robert Bosch GmbH (Germany), PakTech (US), Brenton, LLC. (US), SATO Holdings Corporation (Japan), Tetra Pak (Switzerland), Krones AG (Germany), Coesia S.p.A. (Italy), Graphic Packaging International, LLC (US), ULMA GROUP (Spain)
Packaging automation solutions are a type of technology that allows products to be handled and packaged automatically. It automates operations, including product inspection, labelling, filling, and sealing with machines. Food and beverage, healthcare and pharmaceuticals, automotive, e-commerce and logistics, chemicals, and other industries all use packaging automation technologies.
Packaging Automation Solution Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surging adoption rate of automated systems
The rising adoption rate of automated systems is anticipated to enhance the market’s growth rate during the forecast period of 2022-2029. Organizations use automated systems to improve their packaging processes, deliver high-quality products, expand their manufacturing capabilities, improve customer service, and manage their packaging processes more efficiently, which is expected to drive global demand for packaging automation solutions.
- Upsurge in the growth of e-commerce industry
Both industrialized and emerging nations have seen fast growth in the e-commerce industry. This is due to developments in online purchasing technology, increased internet penetration, and increased smartphone adoption around the world. The use of augmented reality in e-commerce improves the reality of purchasing online. Furthermore, incorporating AI allows retailers to learn more about their customers and provide automated, personalized buying experiences. The trend of internet buying is growing in tandem with the rise in consumer purchasing power. Increased e-commerce sales generate a large portion of the need for packaging solutions, bolstering the market's development prospects in the forecast period.
- Swift growth of pharmaceutical industry
The pharmaceutical industry's rapid expansion will raise demand for environmentally friendly packaging solutions in the future years. The necessity for advanced packaging to safeguard pharmaceutical medications from environmental conditions and avoid chemical property alteration will rise as the business grows. Pharmaceutical companies are heavily investing in packaging robots to improve operations and services. Automated packaging equipment for small plastic parts such bottles, catheters, syringes, disposables, inhalers and other medical devices eliminate operator errors and improve product quality and patient safety. These factors will boost the packaging automation solution market.
Furthermore, rapid industrialization and rising disposable income will act as a major factor influencing the growth of the packaging automation solution market.
- Growing demand for machines enabled with smart sensors
The demand for machines equipped with intelligent packing, internet of things (IoT) technology, and smart sensors is expanding in tandem with technical improvements. IoT-enabled packaging automation equipment allow for remote monitoring, evaluation, and control of processes and operations that can be controlled from smartphones, laptops, and desktops. Managers and operators can use this technology to measure the effectiveness and reliability of these automated products' processes. Additionally, they assist in detecting and correcting errors by remotely operating machinery and sending critical commands to activate or deactivate a machine function. This is expected to boost the new market opportunities during the forecast period of 2022-2029.
- Technological advancement
The rising advancement of technology is anticipated to create new market opportunities during the forecast period of 2022-2029. Markets are already adopting smart technology in product packaging due to the increased requirement for supply chain integration. The ability to connect with stakeholders and optimize the intricate logistics schedule is provided by integrating these technologies. For instance, Amazon revealed in May 2019 that it had used automated packaging technology in its warehouses to maintain and package items. The system allows for five-time faster order packaging than people, handling up to 700 orders per hour, or the equivalent of 24 workers. The packaging automation solution market is expected to increase as a result of these factors.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.
- High cost associated with development and maintenance
The high cost associated with development and maintenance is anticipated to impede the market's growth rate. The growth of the packaging automation solutions market is being stifled by the high development and maintenance costs of these equipment. The cost of these devices will rise when advanced technology are integrated and expert manpower is required. Furthermore, the machines' regular and continuous functioning necessitates correct and periodic maintenance, which incurs additional costs.
On the other hand, strict government regulations related to workers safety during the usage of automated packing techniques will pose major challenges to the growth of the packaging automation solution market. Additionally, the dearth of skilled professionals and technical limitations will restrain and further impede the growth rate of the market during the forecast period of 2022-2029.
This packaging automation solution market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the packaging automation solution market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Packaging Automation Solution Market
Over the projected period, packaging automation solution market is expected to be constrained by the COVID-19 outbreak. COVID-19, a new coronavirus, was identified as the causal agent in the pneumonia cases. This virus spread quickly over the world, killing a large number of people. COVID-19 was labelled a global pandemic by the World Health Organization (WHO) in March 2020, and rigorous measures to prevent the disease's spread were recommended. Since then, the pandemic has delayed the expansion of the industrial automation sector and disrupted the supply chain. Furthermore, governments in many nations have imposed nationwide lockdowns to halt the spread of COVID-19. Similarly, various automation organizations in numerous nations throughout the world were having difficulty continuing their supply chain activities. The supply chain slowness hampered the packaging automation solution market.
However, the packaging automation solution market is likely to improve as respective government bodies lifted the enforced lockdown restrictions. Various sectors are anticipated to rebound quickly post COVID-19 pandemic due to the wide number of applications they serve. As a result of pandemic-related logistics problems, numerous companies consider localizing more manufacturing for both themselves and their customers. Consequently, markets all over the world are increasing their automation investments.
Global Packaging Automation Solution Market Scope
The packaging automation solution market is segmented on the basis of product type, function, offering and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Automated Packagers
- Packaging Robots
- Automated Conveyors and Sortation Systems
- Food and Beverages
- Medical Device
- Logistics and Warehousing
- Semiconductor and Electronics
- Aerospace and Defense
Packaging Automation Solution Market Regional Analysis/Insights
The packaging automation solution market is analysed and market size insights and trends are provided by country, product type, function, offering and industry as referenced above.
The countries covered in the packaging automation solution market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the packaging automation solution market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the high penetration of packaging machinery in this region. Also, the presence of major key players will propel the market’s growth rate in this region.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the increasing number of manufacturing activities because of the surging demand for consumer goods in this region. Additionally, swift industrialization will enhance the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Automation Solution Market Share Analysis
The packaging automation solution market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to packaging automation solution market.
Some of the major players operating in the packaging automation solution market are:
- ABB (Switzerland)
- Rockwell Automation Inc. (US)
- Mitsubishi Electric Corporation (Japan)
- Schneider Electric (France)
- Emerson Electric Co. (US)
- Swisslog Holding AG (Switzerland)
- Siemens (Germany)
- Automated Packaging Systems, LLC (US)
- Kollmorgen (US)
- BEUMER GROUP (Germany)
- Robert Bosch GmbH (Germany)
- PakTech (US), Brenton, LLC. (US)
- SATO Holdings Corporation (Japan)
- Tetra Pak (Switzerland)
- Krones AG (Germany)
- Coesia S.p.A. (Italy)
- Graphic Packaging International, LLC (US)
- ULMA GROUP (Spain)