Packaging Automation Market
Packaging Automation Market Forecasts to 2028 – Global Analysis By Product Type (Automated Packagers, Packaging Robots), Application (Palletizing, Filling, Capping), End User, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $61.50 BN |
|
Projected Year Value (2028) |
US $1118.33 BN |
|
CAGR (2021 - 2028) |
9.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
Europe |
According to Stratistics MRC, the Global Packaging Automation Market is accounted for $61.50 billion in 2021 and is expected to reach $1118.33 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Packaging automation refers to the packaging procedure without any human assistance. Packaging automation can range from a single piece of equipment to a standard method or an entire packaging line. It is a smart approach to eliminate unnecessary tasks and therefore allowing the manufacturing or packaging companies to perform more tasks with less assets.
Market Dynamics:
Driver:
Implementation of advanced packaging solutions
Increasing demand for advanced packaging solutions because of the increase in the disposable incomes combined with the rise in the standard of living, which is increasing the demand for packaging solutions to ensure the durability and life span of the products during shipment. These factors are encouraging manufacturers in the field of various industries to implement advanced packaging solutions to speed up their production and to implement the idea of mass production. Additionally, the organizations are adopting smart technologies in the packaging of goods because of the rise in the requirement for supply chain integration.
Restraint:
High cost
Implementation of automated packaging solutions, including packaging machines involve high expenses on the manufacturers is restraining the market growth. The combination of advanced technologies and the necessity for skilled labor will expand the overall costs for these machines. Also, regular and continuous operation of the machines need proper and periodic maintenance, resulting in extra expenses.
Opportunity:
Technological advancements
With the increasing technological advancements, the need and necessity for machines with intelligent packing, IoT technology, and smart sensors are expanding. IoT enabled packaging automation machines empower remote monitoring, evaluation, and control of the processes and functions that can be worked utilizing smartphones, PCs, and laptops. This innovation enables managers and operators to estimate the effectiveness and reliability in the process of these automated products. Moreover, they help in identifying the faults and correcting them by remote controlling of the machines and providing important commands to activate or deactivate a function of the machine, which is providing ample opportunities for the growth of the market.
Threat:
Stringent government regulations
Safeguarding is very essential for safeguarding employees from unnecessary and preventable injury. Presence of stringent government regulations about employees safety during the utilization of automated packing procedures in the industry is acting as a challenge to the industry growth.
The capping segment is expected to be the largest during the forecast period
The capping segment is estimated to have a lucrative growth as this equipment is experiencing popularity in the pharmaceutical and food & beverage industry for packing small plastic parts. Organizations working in these industries are introducing automatic capping machine in their production facilities to accelerate the production process and to acquire accuracy in their systems. In addition, rising personal care and beauty product sales in developing countries are encouraging players to implement automated packaging systems, especially for lotions, soaps, and other skincare products, thus driving the segment in the packaging automation market growth.
The automated conveyors & sortation systems segment is expected to have the highest CAGR during the forecast period
The automated conveyors & sortation systems segment is anticipated to witness the fastest CAGR growth during the forecast period as the introduction of automated conveyors in the production line assists in the efficient transportation of equipment or materials to each production station. With the expansion in the usability of these machines, the demand for packaging automation market will increase. Organizations are adopting these advanced solutions in the warehouse and distribution processes for packaging goods and to improve the quality and speed.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the rising industrialization and expanding penetration of these devices in the manufacturing activities in the countries. Favorable government initiatives for the improvement of infrastructure and the adoption of advanced innovations will additionally propel the market growth in the region. Furthermore, the presence of established players and easy availability of raw material are boosting technological innovations of the market in this region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period owing to the increasing adoption of new technology by the masses and the presence of several manufacturing industries and furthermore packaging automation providers in the region; these organizations offer a wide range of automated packaging systems for applications in various industries.
Key players in the market
Some of the key players profiled in the Packaging Automation Market include Schneider Electric SE, Multivac Group, ULMA Packaging, Mitsubishi Electric Corporation, Syntegon Technology, Denso Corporation, Swisslog Healthcare, Rockwell Automation Inc., ULMA Packaging, Siemens AG, Emerson Electric Co., Sealed Air Corporation, Coesia Spa and ABB Ltd.
Key Developments:
In March 2022, ULMA Packaging announced that its machines now feature BETTER-SEAL, an innovative system that improves the sealing in mono-material solutions. The addition of this feature is a step forward in its innovation strategy and its commitment to the environment.
In January 2022 - MULTIVAC acquired TVI in Bruckmühl. This acquisition is an essential component for the further alignment of MULTIVAC as a complete supplier of packaging and processing solutions.
Product Types Covered:
• Automated Packagers
• Packaging Robots
• Automated Conveyors & Sortation Systems
Types Covered:
• Form-Fill-Seal & Fill Seal Packaging Equipment
• Pharmaceutical Equipment
• Integrating End of Line Packaging Equipment
Applications Covered:
• Wrapping & Bundling
• Palletizing
• Labelling, Decorating, and Coding
• Filling
• Case Packaging
• Bottling Line
• Decorating and Coding
• Bagging
• Capping
End Users Covered:
• Semiconductor and Electronics
• Retail
• Personal Care, Cosmetics, and Toiletries
• Household and Industrial
• Automotive
• Food & Beverage
• E-Commerce & Logistics
• Chemicals
• Aerospace and Defense
• Healthcare & Pharmaceutical
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Packaging Automation Market, By Product Type
5.1 Introduction
5.2 Automated Packagers
5.3 Packaging Robots
5.4 Automated Conveyors & Sortation Systems
6 Global Packaging Automation Market, By Type
6.1 Introduction
6.2 Form-Fill-Seal & Fill Seal Packaging Equipment
6.3 Pharmaceutical Equipment
6.4 Integrating End of Line Packaging Equipment
7 Global Packaging Automation Market, By Application
7.1 Introduction
7.2 Wrapping & Bundling
7.3 Palletizing
7.4 Labelling, Decorating, and Coding
7.5 Filling
7.6 Case Packaging
7.7 Bottling Line
7.8 Decorating and Coding
7.9 Bagging
7.10 Capping
8 Global Packaging Automation Market, By End User
8.1 Introduction
8.2 Semiconductor and Electronics
8.3 Retail
8.4 Personal Care, Cosmetics, and Toiletries
8.5 Household and Industrial
8.6 Automotive
8.7 Food & Beverage
8.8 E-Commerce & Logistics
8.9 Chemicals
8.10 Aerospace and Defense
8.11 Healthcare & Pharmaceutical
9 Global Packaging Automation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Schneider Electric SE
11.2 Multivac Group
11.3 ULMA Packaging
11.4 Mitsubishi Electric Corporation
11.5 Syntegon Technology
11.6 Denso Corporation
11.7 Swisslog Healthcare
11.8 Rockwell Automation Inc.
11.9 Ulma Packaging
11.10 Siemens AG
11.11 Emerson Electric Co.
11.12 Sealed Air Corporation
11.13 Coesia Spa
11.14 ABB Ltd.
List of Tables
1 Global Packaging Automation Market Outlook, By Region (2020-2028) ($MN)
2 Global Packaging Automation Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Packaging Automation Market Outlook, By Automated Packagers (2020-2028) ($MN)
4 Global Packaging Automation Market Outlook, By Packaging Robots (2020-2028) ($MN)
5 Global Packaging Automation Market Outlook, By Automated Conveyors & Sortation Systems (2020-2028) ($MN)
6 Global Packaging Automation Market Outlook, By Type (2020-2028) ($MN)
7 Global Packaging Automation Market Outlook, By Form-Fill-Seal & Fill Seal Packaging Equipment (2020-2028) ($MN)
8 Global Packaging Automation Market Outlook, By Pharmaceutical Equipment (2020-2028) ($MN)
9 Global Packaging Automation Market Outlook, By Integrating End of Line Packaging Equipment (2020-2028) ($MN)
10 Global Packaging Automation Market Outlook, By Application (2020-2028) ($MN)
11 Global Packaging Automation Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
12 Global Packaging Automation Market Outlook, By Palletizing (2020-2028) ($MN)
13 Global Packaging Automation Market Outlook, By Labelling, Decorating, and Coding (2020-2028) ($MN)
14 Global Packaging Automation Market Outlook, By Filling (2020-2028) ($MN)
15 Global Packaging Automation Market Outlook, By Case Packaging (2020-2028) ($MN)
16 Global Packaging Automation Market Outlook, By Bottling Line (2020-2028) ($MN)
17 Global Packaging Automation Market Outlook, By Decorating and Coding (2020-2028) ($MN)
18 Global Packaging Automation Market Outlook, By Bagging (2020-2028) ($MN)
19 Global Packaging Automation Market Outlook, By Capping (2020-2028) ($MN)
20 Global Packaging Automation Market Outlook, By End User (2020-2028) ($MN)
21 Global Packaging Automation Market Outlook, By Semiconductor and Electronics (2020-2028) ($MN)
22 Global Packaging Automation Market Outlook, By Retail (2020-2028) ($MN)
23 Global Packaging Automation Market Outlook, By Personal Care, Cosmetics, and Toiletries (2020-2028) ($MN)
24 Global Packaging Automation Market Outlook, By Household and Industrial (2020-2028) ($MN)
25 Global Packaging Automation Market Outlook, By Automotive (2020-2028) ($MN)
26 Global Packaging Automation Market Outlook, By Food & Beverage (2020-2028) ($MN)
27 Global Packaging Automation Market Outlook, By E-Commerce & Logistics (2020-2028) ($MN)
28 Global Packaging Automation Market Outlook, By Chemicals (2020-2028) ($MN)
29 Global Packaging Automation Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
30 Global Packaging Automation Market Outlook, By Healthcare & Pharmaceutical (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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