Packaging Automation Solution Market
Packaging Automation Solution Market By Product Type (Packaging Robots, Automated Packagers, Automated Conveyors & Sorting Systems), By End Use (Food & Beverages, Logistics & Warehousing, Retail, Healthcare & Pharmaceuticals, Other), & Region - Global Market Insights 2023 to 2033
Analysis of Packaging Automation Solution Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Packaging Automation Solution Market Outlook (2023 to 2033)
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.
Packaging automation refers to the packaging process that does not require any human intervention. It is a smart strategy to minimize needless tasks, allowing manufacturing or packaging firms to complete more tasks with fewer resources. Packaging automation reduces reliance on labor, increases packaging repeatability and efficiency, and hence leads to greater floor space use. It also enhances packaging quality while lowering total packaging expenses. Automated packaging machines improve production efficiency and productivity.
Manufacturers are heavily utilizing automated packaging machines for commodities and products due to their effectiveness and capacity to minimize labor time and cost. Automation has various advantages, including increased flexibility and safer working conditions.
The COVID-19 pandemic had an impact on most businesses around the world. To limit the rapid spread of coronavirus, governments around the world enacted severe lockdown measures and social distancing standards. However, the pandemic increased the demand for packaging automation solutions, as the adoption of these technologies can help reduce virus propagation. Furthermore, it has prompted automation solution vendors to quickly develop high-quality services for virus protection.
Due to the pandemic, the pharmaceutical industry has undergone tremendous transformations. The industry has implemented digitized supply chain management systems as the value and intricacy of the supply chain ecosystem have increased. For example, the emergence of novel vaccination and biological techniques necessitates specific materials and temperature settings for proper packaging and shipping.
- According to PMMI, The Association for Packaging and Processing Technologies, the pharmaceutical industry is facing a major shift in product formats due to the rise of customized medicines and injectables, necessitating manufacturers to reevaluate their manufacturing and packaging strategies.
The rapidly developing pharmaceutical industry will require sophisticated packaging to protect pharmaceuticals from the environment and prevent chemical alterations. Pharmaceutical firms are investing heavily in packaging robots to improve operations and services. When small plastic components such as catheters, bottles, inhalers, caps and closures, disposables, syringes, and other medical devices are packaged by automated machines, product quality is enhanced, operator errors are reduced, and patient safety is increased. These factors will raise the demand for packaging automation solutions in the pharmaceutical industry.
Furthermore, automated packaging machines are frequently employed in the food and beverage industry since they boost productivity while providing safety and security without human intervention. Moreover, increased beverage consumption, evolving consumer preferences toward natural and functional beverages, and a broader range of beverage goods are increasing the demand for packaging robots in beverage factories.
Packaging machinery makers are introducing schemes to promote packaging automation among end-user industries.
- For example, Maxpack Machinery LLC debuted Leap by Max pack in August 2022, a new packing machinery that enables the buyer to pay over time. Leap is Maxpack's take on the fast-growing Buy Now, Pay Later segment. The automation machinery is offered in premium sets with 18 monthly payments with no interest or credit requirements.
| Report Attributes | Details |
|---|---|
| Market Size (2023) | US$ 75 Billion |
| Projected Market Value (2033) | US$ 155 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.5% CAGR |
| Asia Pacific Market Share (2022) | 39% |
| Packaging Robots Segment Growth Rate (2023 to 2033) | 6% CAGR |
| Key Companies Profiled | Automated Packaging Systems, Inc; ABB Ltd; Kollmorgen Corporation; Beumer Group GmbH & Co. KG; Rockwell Automation, Inc; Emerson Electric Company |
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Why are Packaging Automation Solutions in Such High Demand?
“Thriving e-Commerce Industry across the World”
The e-Commerce industry is quickly expanding in both developed and emerging economies. This is due to growing technology developments in online commerce, increasing internet access, and rising smartphone use around the world.
The thriving e-Commerce industry is boosting the sales of automated packaging equipment, as there is a high need for packaging machines at all stages of e-commerce manufacturing, including primary and secondary packaging, labeling, and product tagging and marking.
“Technological Advancements in Packaging Equipment”
The rapid pace of technological advancement in this industry is increasing the demand for packaging equipment connected to IoT and smart embedded technologies. Thanks to such cutting-edge technologies, packaging equipment can be easily monitored from any location utilizing mobile devices, laptops, and desktop computers.
Moreover, production line workers can now easily assess the performance and consistency of such automated systems due to such advanced technologies. They also aid in finding and resolving problems by offering remote control for transmitting important instructions to activate or deactivate a machine's function from a distance.
What Can Pull Back the Sales Growth of Automated Packaging Equipment?
“High Costs Linked with Development & Maintenance”
The high development costs of automated packaging equipment are impeding market growth. Furthermore, proper and frequent maintenance of the machinery is required for their continued and regular operation, which increases the cost.
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Country-wise Insights
How are Japan and South Korea Helping Asia Pacific Lead the Global Market?
Asia Pacific led the global market for packaging automation solutions in 2022, accounting for 39% of the overall market, and this trend is expected to continue during the forecast period. This is due to expanding urbanization, rising household spending power, a developing e-commerce industry, and solid government policies promoting energy conservation and technological and equipment upgrades.
Japan and South Korea are boosting the market expansion in Asia Pacific. Japan's packaging industry is growing rapidly. The rise of beverages and packaged food has boosted the country's demand for corrugated packaging. Japan's developing processed food industry is predicted to be a key driver for the Asia Pacific packaging automation solution market.
Why is the United States Spearheading the North American Market?
Demand for packaging automation solutions in North America is increasing due to the region's established food and beverage industry, the increasing adoption rate of new technologies, and developments in manufacturing facilities.
The United States is the dominant market in North America. This is due to the increased use of e-commerce platforms, the competitive nature of the packaging industry due to the numerous packaging companies, and the escalating labor cost in the nation's manufacturing sector.
What Makes Germany Stand Out in the European Market for Packaging Automation Solutions?
The European market is projected to experience considerable growth during the forecast period. This can be attributed to the rising demand for highly automated, adaptable, and efficient packaging machinery throughout the chemical, food and beverage, pharmaceutical, and personal care industries.
Moreover, soaring packaged food consumption and the availability of sophisticated packaging automation technologies are bolstering the European market.
Germany's demand for packaging automation solutions is escalating due to its strong manufacturing sector and the growing need for automated packaging from the automotive industry to package spare parts.
Category-wise Insights
Why are Packaging Robots Becoming More Popular?
Demand for packaging robots is projected to expand at a CAGR of 6% during the forecast period.
Packaging robots assist in the automation of packaging and labeling activities. They can operate in a sterile environment without the need for human involvement. Packaging robots' principal duty is to place products into protective packages, which can then be welded or soldered by machine operators or filler bots.
Packaging robots enhance material handling processes by boosting accuracy, speed, and productivity, resulting in a significant and long-term impact on overall output. Packaging robots also aid in production efficiency. They can lift more items at once, have far longer uptimes compared to manual labor, and save money on labor. Packaging robots can do more procedures at a lower cost and with greater consistency than manual labor, which is an important element driving their demand and popularity.
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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 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
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
- 9.1. Packaging Robots
- 9.2. Automated Packagers
- 9.3. Automated Conveyors & Sorting Systems
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use
- 10.1. Food & Beverages
- 10.2. Logistics & Warehousing
- 10.3. Retail
- 10.4. Healthcare & Pharmaceuticals
- 10.5. Semiconductors & Electronics
- 10.6. Other End Uses
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Automated Packaging Systems, Inc
- 21.2. ABB Ltd
- 21.3. Kollmorgen Corporation
- 21.4. Beumer Group GmbH & Co. KG
- 21.5. Rockwell Automation, Inc
- 21.6. Emerson Electric Company
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018-2022 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By End Use, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By End Use, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By End Use, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By End Use, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By End Use, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By End Use, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By End Use, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By End Use, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By End Use, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By End Use, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By End Use, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By End Use, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By End Use, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By End Use, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By End Use, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By End Use, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By End Use, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By End Use, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By End Use, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By End Use, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By End Use, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By End Use, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current value of the packaging automation solution market?
The global packaging automation solution market is valued at US$ 75 billion in 2023.
What is the predicted market value for 2033?
The market for packaging automation solutions is expected to touch US$ 155 billion by 2033.
What are the growth prospects for packaging automation solution providers?
Global demand for packaging automation solutions is estimated to increase at a CAGR of 7.5% from 2023 to 2033.
At what CAGR is demand for packaging robots anticipated to increase?
Demand for packaging robots is projected to evolve at a CAGR of 6% during the forecast period.
What was Asia Pacific's market share in 2022?
Asia Pacific held 39% share of the worldwide market in 2022.
Who are the main players in the packaging automation solution market?
Automated Packaging Systems, Inc, ABB Ltd, Kollmorgen Corporation, Beumer Group GmbH & Co. KG, Rockwell Automation, Inc, and Emerson Electric Company are key providers of packaging automation solutions.
Packaging Automation Solution Market