Global Packaging Automation Market

Packaging Automation Market Size, Share, Growth Analysis, By Type(Solution (Filling, Sleevers & Cartoners, Markers & Labelers, Strappers), By Automation Type(Robotic Pick & Place Automation, Secondary Packaging Automation, Tertiary & Palletizing Automation), By End User(Healthcare & Pharmaceuticals (Healthcare & Pharmaceutical Manufacturing Companies, Contract Manufacturing Organizations), E-commerce & Logistics (E-commerce, Contract Packaging), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15G2024 | Region: Global | Published Date: February, 2024
Pages: 242 |Tables: 105 |Figures: 75

Packaging Automation Market Insights

Packaging Automation Market size was valued at around USD 64.84 billion in 2019 and is expected to reach a value of USD 108.2 billion by 2031, at a CAGR of 5.85% over the forecast period (2024-2031).

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 - 2024-2031

Global Market Size

USD 64.84 billion

Largest Segment

Solution

Fastest Growth

Solution

Growth Rate

5.85% CAGR

Global Packaging Automation Market ($ Bn)
Country Share for Asia Pacific Region (%)

To get more reports on the above market click here to Buy The Report

Packaging Automation Market Segmental Analysis

Global Packaging Automation market is segmented on the basis of Type, Automation Type, end-user, and region. By Type, the market is segmented into Solution (Filling, Sleevers & Cartoners, Markers & Labelers, Strappers, Palletizer and Depalletize, Automated Mailer Systems, Case Packers, Others), Services (Consulting, Support & Maintenance, Installation & Training). By Automation Type, the market is segmented into Robotic Pick & Place Automation, Secondary Packaging Automation, Tertiary & Palletizing Automation. By End User, the market is segmented into Healthcare & Pharmaceuticals (Healthcare & Pharmaceutical Manufacturing Companies, Contract Manufacturing Organizations), E-commerce & Logistics (E-commerce, Contract Packaging, Logistics Companies), Food & Beverage, Automotive, Chemical & Refinery, Aerospace & Defense, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Packaging Automation Market Analysis by Automation Type

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.

Packaging Automation Market Analysis by End User

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.

Global Packaging Automation Market By Type, 2023 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Packaging Automation Market Regional Insights

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.

Global Packaging Automation Market By Region, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Packaging Automation Market Dynamics

Packaging Automation Market Drivers

Growing e-commerce market

  • Since so many people now view online shopping as the new baseline, one of the most popular trends now is electronic commerce. Online shopping is growing significantly in emerging economies like China and India. Due to the growing e-commerce industry, there is a significant need for packaging equipment at all stages of e-commerce manufacturing, including primary and secondary packing, labelling, and product tagging and marking. Additionally, product packaging has a big influence on customers' purchase behavior since it helps keep products safe and separates brands using eye-catching and creative images.

Increased awareness in supply chain integration

  • Additionally, businesses are already utilizing smart packaging technology as a result of the growing demand for supply chain integration. Together, these technologies can manage stakeholder interaction and logistical schedule optimization. In May 2021, for instance, Amazon Inc. revealed that it used automated packaging technology in its warehouses for product maintenance and packing. The system can handle up to 700 orders each hour, which is five times faster than people can and roughly equals 24 workers. These factors are expected to propel the packaging automation market expansion.

Packaging Automation Market Restraints

Lack of flexibility

  • A number of negative factors, such as high capital investments and the requirement for some degree of centralization in the packaging process, substantially hamper the expansion of the global packaging automation market. Other factors, such as the inability to automate packaging where a range of customized products are manufactured, may somewhat constrain market expansion. High maintenance costs and a lack of flexibility also may restrict the growth of the market's revenue.

Request Free Customization of this report to help us to meet your business objectives.

Packaging Automation Market Competitive Landscape

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.

Packaging Automation Market Top Player’s Company Profiles

  • ABB Ltd.
  • Beumer Group GmbH & Co. KG
  • Emerson Electric Company
  • Kollmorgen Corporation
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Swisslog Holding AG
  • Automated Packaging Systems, LLC
  • Robert Bosch GmbH
  • Coesia S.p.A
  • Krones AG
  • Tetra Pak
  • Graphic Packaging International, LLC
  • Multivac Group
  • ULMA Packaging
  • Syntegon Technology

Packaging Automation Market Recent Developments

  • In May 2022, the small tray sealer TSA 400, newly developed by ULMA Packaging, will be on show at IFFA 2022. According to the company, the TSA 400 is a highly versatile machine that can operate in SKIN, MAP, LEAFSKINTM, and LEAFMAPTM applications. It has a small footprint and a high-speed output of just 2.3 meters, making it ideal for constrained layouts.
  • In April 2022, the commercial entry of MULTIVAC's W 500 as a general flow packing solution was announced. The product provides a high degree of packing flexibility for a variety of food goods. This product can be utilized both independently and in conjunction with an automated production line. The company is concentrating on extending its equipment line to a new field of application with the addition of the new W 500 horizontal flow packer.

Packaging Automation Key Market Trends

  • The pharmaceutical industry has gone through significant disruption as a consequence of COVID 19, and there have been numerous technological advancements. The industry has adopted digital supply chain management systems as a result of significant factors that have raised the value and complexity of the supply chain ecosystem. As an illustration, the development of novel techniques for vaccines and biologics demands the use of specialized materials, the maintenance of specific temperature ranges, and the requirement for visibility and transparency. According to The Association for Packaging and Processing Technologies, the development of injectables and personalized pharmaceuticals is causing manufacturers to rethink their manufacturing and packaging strategies as drug companies see a fundamental shift in product forms. Manufacturers are attempting to use the potential of digital data to boost operational efficiency. A recent FDA News investigation found that over 80% of the found disparities might be attributed to human error. Additionally, the demand for small batch manufacturing is growing because only 28% of the pharmaceutical industry's profits in the United States come from generic prescriptions. Packaging automation can assist you in achieving consistent quality even when producing batches. The adoption of industry 4.0 has greatly advanced the pharmaceutical industry. By enabling continuous process control across all processes, including packing, it minimizes human interaction while providing analytical insights and enabling the capability to make quicker decisions as necessary. Additionally, due to the declining cost of robotics systems like parallel robots and arms robots, which offer automation with sustainability and flexibility, pharmaceutical businesses are beginning to recognize the financial benefits of robotics components over outdated machinery.

Packaging Automation Market SkyQuest Analysis

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 64.84 billion
Market size value in 2031 USD 108.2 billion
Growth Rate 5.85%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Solution (Filling, Sleevers & Cartoners, Markers & Labelers, Strappers, Palletizer and Depalletize, Automated Mailer Systems, Case Packers, Others), Services (Consulting, Support & Maintenance, Installation & Training)
  • Automation Type
    • Robotic Pick & Place Automation, Secondary Packaging Automation, Tertiary & Palletizing Automation
  • End User
    • Healthcare & Pharmaceuticals (Healthcare & Pharmaceutical Manufacturing Companies, Contract Manufacturing Organizations), E-commerce & Logistics (E-commerce, Contract Packaging, Logistics Companies), Food & Beverage, Automotive, Chemical & Refinery, Aerospace & Defense, Others
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
  • ABB Ltd.
  • Beumer Group GmbH & Co. KG
  • Emerson Electric Company
  • Kollmorgen Corporation
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Swisslog Holding AG
  • Automated Packaging Systems, LLC
  • Robert Bosch GmbH
  • Coesia S.p.A
  • Krones AG
  • Tetra Pak
  • Graphic Packaging International, LLC
  • Multivac Group
  • ULMA Packaging
  • Syntegon Technology
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Packaging Automation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Packaging Automation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Packaging Automation Market size was valued at around USD 64.84 billion in 2019 and is expected to reach a value of USD 108.2 billion by 2031, at a CAGR of 5.85% over the forecast period (2024-2031).

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. 'ABB Ltd.', 'Automated Packaging Systems, Inc.', 'Beumer Group GmbH & Co. KG', 'Emerson Electric Company', 'Kollmorgen Corporation', 'Mitsubishi Electric Corporation', 'Rockwell Automation, Inc.', 'Schneider Electric SA', 'Siemens AG', 'Swisslog Holding AG', 'Automated Packaging Systems, LLC', 'Robert Bosch GmbH', 'Coesia S.p.A', 'Krones AG', 'Tetra Pak', 'Graphic Packaging International, LLC', 'Multivac Group', 'ULMA Packaging', 'Syntegon Technology'

Since so many people now view online shopping as the new baseline, one of the most popular trends now is electronic commerce. Online shopping is growing significantly in emerging economies like China and India. Due to the growing e-commerce industry, there is a significant need for packaging equipment at all stages of e-commerce manufacturing, including primary and secondary packing, labelling, and product tagging and marking. Additionally, product packaging has a big influence on customers' purchase behavior since it helps keep products safe and separates brands using eye-catching and creative images.

The pharmaceutical industry has gone through significant disruption as a consequence of COVID 19, and there have been numerous technological advancements. The industry has adopted digital supply chain management systems as a result of significant factors that have raised the value and complexity of the supply chain ecosystem. As an illustration, the development of novel techniques for vaccines and biologics demands the use of specialized materials, the maintenance of specific temperature ranges, and the requirement for visibility and transparency. According to The Association for Packaging and Processing Technologies, the development of injectables and personalized pharmaceuticals is causing manufacturers to rethink their manufacturing and packaging strategies as drug companies see a fundamental shift in product forms. Manufacturers are attempting to use the potential of digital data to boost operational efficiency. A recent FDA News investigation found that over 80% of the found disparities might be attributed to human error. Additionally, the demand for small batch manufacturing is growing because only 28% of the pharmaceutical industry's profits in the United States come from generic prescriptions. Packaging automation can assist you in achieving consistent quality even when producing batches. The adoption of industry 4.0 has greatly advanced the pharmaceutical industry. By enabling continuous process control across all processes, including packing, it minimizes human interaction while providing analytical insights and enabling the capability to make quicker decisions as necessary. Additionally, due to the declining cost of robotics systems like parallel robots and arms robots, which offer automation with sustainability and flexibility, pharmaceutical businesses are beginning to recognize the financial benefits of robotics components over outdated machinery.

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 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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Packaging Automation Market

Product ID: SQMIG15G2024

$5,300
BUY NOW GET FREE SAMPLE