The global packaging automation solution market is estimated to progress at a high-value CAGR of 7.5% over the next ten years, growing from its current market valuation of US$ 75 billion to US$ 155 billion by the end of 2033.
With the introduction of automation and robotics in the last decade, production lines around the world have seen substantial transformations. High levels of competitiveness and a greater emphasis on decreasing turnaround time have pushed manufacturers globally toward automation to maintain consistency and efficiency.
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Key Takeaways from Market Study
- The global packaging automation solution market is valued at US$ 75 billion in 2023.
- The market is anticipated to hit US$ 155 billion by the end of 2033.
- Global demand for packaging automation solutions is projected to evolve at a CAGR of 7.5% from 2023 to 2033.
- Asia Pacific held 39% share of the worldwide market in 2022.
- The packaging robots segment is likely to expand at a CAGR of 6% during the forecast period.
“Increasing adoption of automation in the manufacturing sector, rapid industrialization, increased manufacturing activities due to the expanding population, and the need to reduce labor requirements are the main factors anticipated to drive the global market for packaging automation solutions,” says a Fact.MR analyst
Competitive landscape:
Key players in the packaging automation solution market are pursuing marketing tactics such as investments, alliances, acquisitions, R&D activities, and technological advancements to expand and maintain their worldwide presence. Moreover, many start-ups are introducing technologically advanced products to gain market share.
- NEXA System Engineering, a Polish startup, provides robotic packing stations and labeling and marking systems. The packaging machines are centered on SCARA, Delta, and 6-axis robots, allowing production flexibility. Robotized systems work with cartoners that fold or prepare cartons, labelers, and sealers.
- ULMA Packaging exhibited TSA 400, a newly designed, compact tray sealer, at IFFA 2022, in May 2022. The TSA 400, according to the manufacturer, is a very versatile machine that can function in MAP, SKIN, LEAFMAPTM, and LEAFSKINTM applications, with a tiny footprint and high-speed output of just 2.3 meters, making it ideal for constrained layouts.
- MULTIVAC announced the market debut of its W 500 as a universal flow packing solution in April 2022. The product is extremely versatile and can be used to pack a wide variety of food goods. This product can be utilized either as a stand-alone solution or as part of an automated line. The company is working on expanding its equipment offering to a new field of application with the advent of the new W 500 horizontal flow packer.
- ULMA Packaging stated in March 2022 that their machines now have BETTER-SEAL, a revolutionary technique that increases sealing in mono-material solutions. This feature represents a step forward in the company’s innovation strategy and dedication to the environment.
- MULTIVAC acquired TVI’s entire holdings in Bruckmühl in January 2022. Since January 2017, TVI has been a member of the MULTIVAC Group as a provider of portioning machines. This acquisition is critical to MULTIVAC’s continued positioning as a full-service processing and packaging solutions provider.
Key Companies Profiled
- Automated Packaging Systems, Inc
- ABB Ltd
- Kollmorgen Corporation
- Beumer Group GmbH & Co. KG
- Rockwell Automation, Inc
- Emerson Electric Company
Key Segments of Packaging Automation Solution Industry Research:
- By Product Type :
- Packaging Robots
- Automated Packagers
- Automated Conveyors & Sorting Systems
- By End Use :
- Food & Beverages
- Logistics & Warehousing
- Retail
- Healthcare & Pharmaceuticals
- Semiconductors & Electronics
- Other End Uses
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Questionnaire answered in the Market outlook Report of Packaging Automation Solution include:
- What is the key strategy deployed by large players to maximize Packaging Automation Solution Market growth?
- What are the main challenges faced by players in the Packaging Automation Solution market Demand?
- With the advent of technological advancement, how will the Packaging Automation Solution market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Packaging Automation Solution market size?
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