USD 68.6 billion
Report ID:
SQMIG15G2024 |
Region:
Global |
Published Date: January, 2025
Pages:
242
|Tables:
105
|Figures:
75
Global Packaging Automation Market size was valued at USD 68.6 billion in 2023 and is poised to grow from USD 72.58 billion in 2024 to USD 113.94 billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The demand for sturdy packaging solutions to ensure the durability of the product during transit has risen as a result of the increase in disposable incomes as well as the rise in the standard of living. These factors are enticing manufacturers in the healthcare, e-commerce, and logistics, as well as the food and beverage sectors, to use advanced packaging solutions to speed up their production and embrace the idea of mass production.
Moreover, companies are now adopting smart packaging technologies as a result of the growing demand for supply chain integration. The integration of these technologies opportunities for connecting with stakeholders and logistic schedule optimization.
In addition, the pharmaceutical industry's rapid expansion will increase the demand for sustainable and environmental packaging products in the coming years. By 2021, it is anticipated that the global pharmaceutical market will be USD 1,430 billion, according to the International Federation of Pharmaceutical Manufacturers and Association (IFPMA). The demand for specialized packaging to protect medicines from the environment and prevent alterations to their chemical properties will grow as the industry continues to grow.
However, these machines' high development and maintenance costs are restricting the Packaging Automation Market growth. The overall cost of these machines will rise as a result of the integration of reducing technologies and the demand for trained labor. Moreover, regular maintenance of the machines is required in the continuous and regular operation, which adds to the cost. Additionally, the market growth has been hampered by the presence of strict government regulations concerning worker safety when using automated packing techniques.
US Packaging Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 68.6 billion
Largest Segment
Solution
Fastest Growth
Solution
Growth Rate
5.8% CAGR
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Global Packaging Automation Market is segmented by Component, Product Type, Packaging Technology, Packaging Materials, End Use and region. Based on Component, the market is segmented into Software and Services. Based on Product Type, the market is segmented into Bottling Line, Cartoning Machines, Case Handling, Closing, Filling and Dosing, Form, Fill, and Seal, Labelling, Decoration, and Coding, Palletizing and Depalletizing, Wrapping and Bundling and Others. Based on Packaging Technology, the market is segmented into Automatic, and Semi-Automatic. Based on Packaging Materials, the market is segmented into Corrugated Cardboard, Flexible Packaging, Rigid Plastic, Paperboard and Metal. Based on End Use, the market is segmented into Food, Beverages, Homecare and Personal Care, Healthcare and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
In 2021, the robotic pick & place automation segment is expected to dominate the market for packaging automation. Compared to traditional automation, this industry is growing due to reasons like better product handling, variety, and adaptability. Additionally, it reduces the need for help from humans while inserting products into packing equipment. This reduces costs and boosts industry output, which justifies the associated investment. However, it is estimated that over the course of the projected time, the tertiary & palletizing category would grow at the highest CAGR.
Segments of the market are Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, Semiconductor and Electronics, and Others based on industry. Due to the rising demand for rigid packaging solutions like filling and palletizing equipment that aid in the packaging of beverages in hard plastics or bottles, the food and beverage industry now dominates the worldwide packaging automation market. The demand for appropriate packaging to shield products from environmental conditions is likely to drive growth in the healthcare and pharmaceutical industry during the forecast period. The use of blister packs, plastic bottles, caps & closures, medical specialty bags, pouches, and strip packs, medication tubes, and cartridges, as well as medical specialty bags, pouches, and strip packs, is required to prevent changes to the chemical properties of the products.
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All through the forecast period, North America is expected to dominate the market. Because there are already so many leading pharmaceutical businesses on the market, drug development and genomics are receiving a lot of attention and funding. In the United States, there is almost a third of the global biopharmaceutical market. According to the Pharmaceutical Research and Manufacturers Association, US corporations invest $75 billion annually in pharmaceutical R&D, or half of all such investment worldwide (PhRMA). Additionally, the domestic barriers to entry into the pharmaceutical market in the United States are some of the lowest in the world, making it one of the most favorable domestic environments for pharmaceutical R&D and commercialization.
The packaging automation market in Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period. APAC's market growth is primarily being driven by rising labor costs, increased quality demand, labor unrest in some countries that has prompted a push for packaging automation, as well as investments made by international companies in the personal care, pharmaceutical, and food and beverage sectors. APAC market growth is further aided by the technological revolution occurring in countries such as China, Japan, India, and South Korea.
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Growing e-commerce market
Increased awareness in supply chain integration
Lack of flexibility
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The market in packaging automotive is fragmented, with numerous players competing for market share. The key players are collaborating and together developing to drive the market growth. For businesses that produce lower numbers of goods, a sorting system is frequently necessary throughout the packing process. Artificial intelligence (Al) algorithms are used in robotic sorting systems along with scanning apparatus like barcode scanners. As a result, packaging efficiency increases and sorting is accelerated. In order to provide speedy sorting for secondary or tertiary packing, startups are creating "turn-key" robots. Several startups are making investments in upgrading their factories to increase output, efficiency, and productivity.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global packaging automation Market analysis, Global manufacturers are resorting to automation to maintain high levels of accuracy and efficiency in the face of fierce competition and a rising emphasis on accelerating cycle time. Global packaging automation solutions are in demand due to a number of factors, including an increase in the number of industries utilising them, including food & beverage, healthcare & pharmaceuticals, the rate of industrialization and manufacturing operations as a result of the growing population, among other things, as well as e-commerce and logistics. Automated packaging also reduces labor costs because it requires fewer manual inputs. The industries are focusing on rising price recovery through improved operating efficiency and cost cutting. One of the major costs for any manufacturer is labor costs. The demand for user-friendly control systems, such as Human & Machines (HMI) to Interact with multi-touch, has been driven by the trend towards fewer employees per line. Therefore, producers can obtain efficient and affordable packaging solutions by adopting package automation systems.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 68.6 billion |
Market size value in 2032 | USD 113.94 billion |
Growth Rate | 5.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Packaging Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Packaging Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Packaging Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Packaging Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2024
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