“Global Packaging Automation Solutions Market to reach a market value of USD 92.63 Billion by 2031 growing at a CAGR of 6.9%”
The Global Packaging Automation Solutions Market size is expected to reach $92.63 billion by 2031, rising at a market growth of 6.9% CAGR during the forecast period.
Form filling and sealing solutions help streamline operations by automating the filling and sealing of pouches, bags, and other packaging formats, reducing manual labour and increasing productivity. The rising focus on minimizing packaging waste, improving product safety, and enhancing operational efficiency has driven the adoption of form-filling and sealing solutions. Thus, the form filling & sealing segment garnered 32% revenue share in the market in 2023. This can be attributed to the growing demand for efficient and precise packaging processes across food and beverage, pharmaceuticals, and consumer goods.
In the manufacturing sector, efficiency and cost reduction are key drivers in the push towards automation. Packaging, often labour-intensive, represents a significant portion of operational costs. By implementing packaging automation, manufacturers can optimize workflows, reducing labour costs and human errors that lead to waste. Hence, rising demand for operational efficiency and cost reduction in manufacturing propels the market's growth.
Additionally, the rapid growth of e-commerce and the retail sector has significantly increased the demand for packaging solutions that can keep up with the changing dynamics of online retail. Packaging is crucial in product protection, presentation, and efficient delivery, with many products being shipped directly to consumers. Thus, rising e-commerce and retail sectors are driving the demand for packaging and the market's growth.
However, one of the main barriers to adopting packaging automation is the high initial investment required for automated packaging systems. These systems are often capital-intensive, requiring not only the purchase of the machinery but also the installation and setup costs, which can be substantial. For smaller manufacturers or those in industries with tight profit margins, the upfront capital expenditure may be a significant deterrent, especially when the return on investment (ROI) might take years to materialize. In conclusion, high upfront costs and capital expenditure hinder adoption.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
On the basis of product type, the market is classified into automated packagers, automated conveyors, and packaging robots. The packaging robots segment recorded 23% revenue share in the market in 2023. Due to their precision, speed, and flexibility, packaging robots are increasingly being adopted for tasks such as picking, placing, palletizing, and depalletizing.
By end user, the market is divided into food & beverages, healthcare & pharmaceutical, automotive, e-commerce & logistics, chemicals, and others. The food & beverages segment witnessed 37% revenue share in the market in 2023. The increasing demand for packaged food and beverages, driven by changing consumer preferences and growing urbanization, has significantly fuelled the adoption of automation solutions in this sector. Automated packaging solutions help enhance efficiency, reduce production time, and maintain product freshness and safety.
Based on application, the market is characterized by form filling & sealing, palletizing automation solution, labelling automation solution, wrapping automation solution, and others. The labelling automation solution segment held 19% revenue share in the market in 2023. Automated labelling systems help ensure accurate and consistent product labelling, enhancing traceability and regulatory compliance across industries like food and beverage, pharmaceuticals, and retail.
Free Valuable Insights: Global Packaging Automation Solutions Market size to reach USD 92.63 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment witnessed 28% revenue share in the market in 2023. The rapid industrialization, population growth, and rising disposable incomes in the region have fuelled the demand for packaged goods, particularly in countries like China, India, and Japan. As a result, there has been a significant push for automation to improve packaging efficiency, meet high production demands, and address labour shortages.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 55.10 Billion |
| Market size forecast in 2031 | USD 92.63 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.9% from 2024 to 2031 |
| Number of Pages | 281 |
| Number of Tables | 400 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Shara Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, Product Type, End-User, Region |
| Country scope |
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| Companies Included | Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, BEUMER Group GmbH & Co. KG, Siemens AG, Kuka AG (Midea Group Co., Ltd.), Brenton, LLC (Pro Mach, Inc.), ABB Ltd., The MULTIVAC Group, and Syntegon Technology GmbH (Bosch Packaging Technology) |
By Application
By Product Type
By End-User
By Geography
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