Global Packaging Automation Market Report and Forecast 2024-2032

Global Packaging Automation Market Outlook

The global packaging automation market size reached approximately USD 76.59 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 122.83 billion by 2032.

Key Trends in the Market

Packaging automation is the method that involves robots and other automated systems or machines for packing products without human intervention. It replaces repetitive tasks and eliminates human requirement for demanding and tedious duties. Packaging automation ensures scalability and allows for frequent line changes.

• Demand for packaging automation is rising from several industries such as automotive, e-commerce, and food and beverage owing to increased labour costs, rising demand for productivity, and shortage of human labour, among others. Adoption of packaging automation technologies helps streamline operations and reduce labour requirements.

• Advancements in packaging automation technologies such as development of artificial intelligence driven machine vision systems and growing integration of IoT technologies including sensors and machine learning is boosting the packaging automation market demand. These advancements enable real time monitoring, accurate and intelligent packaging operations, and improved efficiency.

• Changing consumer preferences among other factors is increasing the requirement for flexible and scalable packaging solutions. Key players are focussing on creating packaging automation solutions that allow easy reconfigurations, modular designs, and quick changeovers.

Global Packaging Automation Market Analysis

Based on offering, the market is divided into solution and services. By automation type, the market is categorised into robotic pick and place automation, secondary packaging automation, and tertiary and palletizing automation. On the basis of end use, the market is classified into e-commerce and logistics, food and beverage, healthcare and pharmaceuticals, automotive, chemical and refinery, and aerospace and defence, among others. Based on region, the packaging automation market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Rockwell Automation Inc.

• Mitsubishi Electric Corporation

• Emerson Electric Co.

• Kollmorgen Corporation

• MULTIVAC Sepp Haggenmüller SE & Co. KG

• ULMA Group

• Siemens AG

• ABB Ltd

• Coesia S.p.A.

• Syntegon Technology GmbH

• Swisslog Healthcare AG

• Sealed Air Corporation

• Others

Market Share by Automation Type

Robotic pick and place automation accounts for a significant packaging automation market share owing to the rising requirement for better product handling and adaptability. The main advantage remains speed and consistency provided by these robots in the packaging applications and their ability to insert individual products into the packaging machine. This automation type also minimises the requirement for human assistance, thus lowering labour expenses.

Market Share by Region

The Asia Pacific is expected to hold a significant share of the market owing to the growing penetration of packaging machineries in the region. Increasing investments, growing retail market, and rising consumption rate of goods in countries such as China and India are accelerating the need for packaging solutions. The expansion of the food and beverage sector in Japan and growing demand for medical and pharmaceutical products from India also aiding the packaging automation market growth in the Asia Pacific.

Competitive Landscape

Rockwell Automation Inc. was founded in 1903 and is headquartered in Wisconsin, United States. The automation company provides digital transformation and industrial automation technologies along with integrated control and information solutions to its customers around the globe.

Mitsubishi Electric Corporation is an appliance, electrical, and electronics manufacturing company that was founded in 1921 and is headquartered in Tokyo, Japan. The company manufactures and provides it customers with several electric and electronic equipment including home appliances.

Emerson Electric Co. was established in 1890 and has its headquarters located in Missouri, United States. The industrial machinery manufacturing company provides innovative technological solutions to industrial, residential, and commercial sectors across the globe.

Other packaging automation market players include Kollmorgen Corporation, MULTIVAC Sepp Haggenmüller SE & Co. KG, ULMA Group, Siemens AG, ABB Ltd, Coesia S.p.A., Syntegon Technology GmbH, Swisslog Healthcare AG, and Sealed Air Corporation, among others.

Key Highlights of the Report