Packaging Automation Solutions Market

The global Packaging Automation Solutions Market is valued at USD 69.1 Billion in 2022 and is projected to reach a value of USD 117.6 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.90% between 2023 and 2030.

Premium Insights

Automation can dramatically boost production and efficiency in the packaging industry. Automated systems can complete processes like filling, sealing, labeling, and palletizing, enabling packaging procedures to be carried out more quickly and consistently. Higher production rates and less labor demand are the results. In order to streamline operations, guarantee product quality, and satisfy rising consumer demands, the food sector must automate the packaging process. For instance, in July 2023, Rotzinger, a Swiss OEM packing machinery manufacturer, and CoreTigo, an industrial wireless automation provider, presented their alliance at Interpack with a focus on controls. Rotzinger's packaging equipment now offers improved capabilities for flexibility, throughput, and sustainability in the food, beverage, and cosmetics industries thanks to CoreTigo's IO-Link wireless technology.

• Packaging automation is anticipated to increase as food companies invest more in R&D to improve their products and apply automation to enhance product cleanliness and profit through economies of scale, prolonged shelf life, and cost reduction. For instance, the firm upped its R& D spending to USD 87 million in 2022 from USD 84 million in 2022, according to Campbell Soup's annual report for 2022.
• Asia Pacific generated more than 40.90% of revenue share in 2022
• Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
• Automated Packagers segment accounted for the largest market growth. It contributed over 34.9% of the total revenue share in 2022 due to its wide range of applications spanning case packing, palletizing, and shrink wrapping, making it a mature and sought-after technology
• Food & Beverage segment revealed the most significant market growth, contributing more than 24.5% of the total revenue share in 2022
• Labeling segment accounts for largest revenue of 22.8% in 2022

Economic Insights

The Packaging Automation Solutions has grown significantly. This growth is fueled by a number of important causes, including the growing need for operational efficiency, which may result in a 20–30% reduction in manufacturing costs, and the need to improve productivity, which could raise output by 25–35%. The market is predicted to develop by up to 15-20% as a result of a rise in demand for eco-friendly packaging automation solutions, which is a result of sustainability initiatives. Additionally, the rise in e-commerce is expected to accelerate growth, with a 30–40% rise in demand for effective packaging solutions that meet the needs of quick order fulfillment. Packaging lines are changing as a result of the integration of technologies like robotics, AI, and IoT, which is causing a 10-15% increase in market expansion.

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Top Market Trends

• Increasing demand for automation in the packaging industry: The packaging sector is seeing an increase in demand for automation as it looks for ways to increase production and efficiency. Automation can lower labor costs, increase accuracy, and speed up processes.
• Growing adoption of Industry 4.0 technologies: The use of Industry 4.0 technology is expanding the fourth industrial revolution, known as "Industry 4.0," is defined by the utilization of cutting-edge technology like artificial intelligence, robotics, and the Internet of Things (IoT). In the packaging sector, these technologies are being utilized to automate procedures, boost productivity, and gather information for better decision-making.
• Rising demand for sustainable packaging: Escalating need for eco-friendly packaging Sustainable packaging options are becoming more and more in demand from consumers. This is motivating the creation of new, environmentally friendly packaging materials and procedures.
• Growing e-commerce popularity: As e-commerce expands quickly, so does the demand for packaging automation solutions. To satisfy the needs of online customers, e-commerce merchants must be able to pack and transport products promptly and effectively.
• Integration of artificial intelligence (AI): Automation for packaging is utilizing AI to increase productivity, precision, and traceability. AI may be used to monitor and improve packaging operations as well as to gather data to aid in decision-making.

Market Segmentation

Packaging Automation Solutions The global Packaging Automation Solutions market can be categorized into Product Type, Application , End user , Region. The Packaging Automation Solutions market can be categorized into Automated Packagers, Packaging Robots, Automated Conveyors and Sortation Systems based on Product Type. The Packaging Automation Solutions market can be categorized into Palletizing, Labeling, Bagging, Filling, Capping, Wrapping, Case packaging , Others based on Application . The Packaging Automation Solutions market can be categorized into Food and Beverages, Healthcare & Pharmaceutical , E-commerce & Logistics , Chemical, Automotive, Others based on End user . The Packaging Automation Solutions market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Product Type

Automated Packagers holds the largest share

The automated packagers category is expected to dominate the market for Packaging Automation Solutions due to these adaptable systems are used in a variety of packaging procedures, including shrink wrapping, palletizing, and case packing, enabling complete packaging solutions. Automated packagers, who are bolstering their market position, represent a mature technology landscape, characterized by a profusion of well-established industry companies who provide a wide range of solutions. Additionally, their relative price makes them a desirable alternative for companies of all sizes, which contributes to their industry-wide acceptance.

Based on End-user

Food & Beverage will dominate the market during Forecast Period

The market is dominated by food & beverages due to automation becomes a key tactic, streamlining processes and satisfying the need for increased performance. Automation's ability to assure compliance enables the sector to conform to strict standards. Automation also provides a way to reduce costs and increase efficiency, which is in line with the industry's varied needs on both a local and global level given its global reach.

Based on Application

Labeling will account for largest market share

The labeling category is expected to dominate the market for Packaging Automation Solutions because of labeling is a common packaging technique that cuts across a wide range of sectors. It is necessary for ensuring that items appropriately display vital information like names, components, and expiration dates. Several technologies, such as inkjet, laser, and thermal transfer printers, can automate this process. Automation is increasingly important across businesses since it improves productivity, strengthens accuracy, and simultaneously reduces costs when it is integrated into labeling.

Based on Region

Asia Pacific will lead the market

Asia Pacific is expected to dominate the market for Packaging Automation Solutions due to compelling considerations. With economic juggernauts like China, India, and Japan as its pillars, it commands attention as the center of important international economies. The region's ability to produce goods fuels rising demand for packaging automation solutions, which is consistent with its function as a significant manufacturing hub. Furthermore, the Asia Pacific market's explosive growth trajectory supports the demand for automation across numerous industries, including food and beverage, healthcare, and e-commerce, further solidifying its position as a leader in the adoption of packaging automation solutions.

Competitive Landscape

The global Packaging Automation Solutions market is fragmented, including a diverse array of the presence of several key players and encompassing robotic systems, machinery control, and digitalization for enhanced efficiency with cutting-edge innovations. As sustainability and operational efficiency take center stage, the packaging automation sector is poised for dynamic changes, fostering competitiveness through innovation and adaptable solutions.

The players in the global Packaging Automation Solutions market include Multivac Group, Coesia Spa, ULMA Packaging, Syntegon Technology, Swisslog Healthcare, Rockwell Automation Inc., Sealed Air Corporation, Mitsubishi Electric Corporation, Automated Packaging System LLC (Sealed Air Corporation) among others.

Recent Market Developments

• January 2022: Announcing the purchase of TVI's entire holdings in Bruckmühl, MULTIVAC. TVI, a provider of portioning equipment, has been a part of the MULTIVAC Group. This acquisition is crucial for MULTIVAC's continued alignment as a full-service supplier of packaging and processing.

Segmentation of the Global Packaging Automation Solutions Market