Packaging Automation Solutions Market Outlook - 2023
Packaging Automation Solutions Market was valued at $33,866 million in 2016, and is expected to reach $58,010 million by 2023, registering a CAGR of 8.2% from 2017 to 2023. Packaging plays a vital role in product marketing, as it is one of the most important factors that determine the sales of the product.
The demand for global packaging automation solutions industry is driven by increase in rate of industrialization & manufacturing activities due to growing population, reduction in the labor cost as automated packaging requires less manual inputs, and rise in industries using this solution including food & beverage, healthcare & pharmaceuticals, and e-commerce & logistics industry, chemicals, automotive, and others. Moreover, use of automated solutions helps fast paced, increased, and enhanced productivity, thereby leading to market growth.
Advanced packaging automated solutions have emerged as a significant factor due to increased importance of shelf service marketing resulting in effective & speedy packaging processes by manufacturers with minimal manual interventions. These solutions have significant applications in various packaging processes including product sorting, product handling, product storage, and product shipment. Thus, the global packaging automated solutions market is expected to witness a significant growth during the forecast period. This is attributed to the increase in demand by the packaging manufacturers to speed up the packaging process to meet the growing consumer demands.
The key players operating in the global market are Rockwell Automation, Mitsubishi Electric Corp., Schneider Electric SE, Automated Packaging Systems, Inc., BEUMER Group GmbH & Co., Siemens AG, Swisslog Holding AG, Brenton, PakTech, and SATO Holdings.
The Global packaging automation solutions market is segmented on the basis of product type, end-user industry, application, and geography. On the basis of product type, the global packaging automation solutions industry is classified into automated packagers, packaging robots, and automated conveyors. Based on the end-user industry, the global packaging automation solutions industry is divided into food & beverage, healthcare & pharmaceutical, automotive, e-commerce & logistics, chemicals, and others. On the basis of application, the global packaging automation solutions market is categorized into labeling, capping, palletizing, wrapping, form, filling & sealing (FFS), and others. Geographically, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Asia-Pacific is expected to exhibit lucrative growth opportunities in the global packaging automation solutions market in the near future, owing to the rapid industrialization & manufacturing activities due to increase in demand for consumer goods.
Top Impacting Factors
The applications of packaging automation solutions have grown significantly due to increase in the need for automation by several industries. Furthermore, organizations adopt automated systems to enhance their packaging processes, deliver high-quality products, increase their manufacturing capabilities, improve customer service, and efficiently manage their packaging processes which is thereby expected to escalate the demand for the global packaging automation solutions market. The developing economies have witnessed high demand for consumer products in the recent years, which would result in high demand for automated packaging solutions in various applications in the packaging industry.
However, installation of automated packaging solutions, including packaging machines involve heavy costs on the manufacturers restraining the market growth. Moreover, stringent government regulations related to the injuries caused by the use of automated machineries in the food & beverage industry is expected to hamper the global packaging automation solutions market growth.
Key Benefits:
- The study provides an in-depth analysis of the global packaging automation solutions market and current trends and future projections to elucidate the imminent investment pockets.
- The information about key drivers, restrains, and opportunities and their impact analyses are provided in the report.
- Porters five forces analysis of the industry illustrates the potency of buyers & suppliers operating in the industry.
- The quantitative analysis of the global packaging automation solutions industry from 2017 to 2023 is provided to determine the market potential.
Packaging Automation Solutions Market Key Segments:
By Type
- Automated Packagers
- Packaging Robots
- Automated Conveyors
By Application
- Labeling
- Capping
- Palletizing
- Wrapping
- Form Filling & Sealing (FFS)
- Others
By End-User Industry
- Food & Beverage
- Healthcare & Pharmaceutical
- Automotive
- E-commerce & Logistics
- Chemicals
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Rockwell Automation
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Automated Packaging Systems, Inc.
- BEUMER Group GmbH & Co., KG
- Siemens AG
- Swisslog Holding AG
- Brenton
- PakTech
- SATO Holdings
Packaging Automation Solutions Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By APPLICATION |
|
 By END-USER INDUSTRY |
|
 By GEOGRAPHY |
|
 Key Market Players | BRENTON, SIEMENS AG, PAKTECH, BEUMER GROUP GMBH & CO., KG, AUTOMATED PACKAGING SYSTEMS, INC., SWISSLOG HOLDING AG, MITSUBISHI ELECTRIC CORP., SCHNEIDER ELECTRIC SE, SATO, ROCKWELL AUTOMATION |
Analyst Review
Packaging automation solutions act as an effective catalyst in the packaging industry by speeding up the packaging process. Packaging automation solutions have widespread applications across various industries including food & beverage, chemicals, e-commerce & logistics, automotive, and others. Among packaging automation solutions, the packaging robots segment is expected to register the highest growth rate during the forecast period, owing to rapid industrialization and surge in manufacturing activities to cater to the increasing demand for consumer goods and to ensure effective, safe, and speedy packaging with minimal human interventions.
Europe dominated the global packaging automation solutions market in 2016, owing to the widespread applications of advanced, cost-effective packaging automation solutions in countries, such as Germany, Italy, France, U.K., and others, along with the initiatives from European Union. However, Asia-Pacific is expected to grow at the highest CAGR of 9.7% during the forecast period, owing to the rise in population and increase in the demand for manufacturing activities of consumer goods.
E-commerce & logistics are expected to witness the highest growth during the forecast period among the applications of global packaging automation solutions market. The food & beverage industry is expected to continue holding a dominant share in the global packaging automation solutions market.
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