Over the forecast period, the market for Packaging Automation Market is anticipated to grow at a moderate rate of 8.05%. In 2023, the packaging automation market is expected to be worth US$74.53 Bn. Demand for packaging automation is anticipated to peak at US$ 161.66 billion by 2033.
With rising disposable income and a consequent rise in the level of living, there is an increase in the demand for packaging automation to ensure the durability of goods throughout transit. This characteristic encourages businesses in the retail, transportation, food and beverage, and medical sectors to employ cutting-edge packaging system solutions to speed up production for a large audience. In response to the growing significance of supply chain integration, a number of businesses are investing in cutting-edge packaging technology. These developments increase assembly line processes’ efficiency while assisting businesses in lowering the number of personnel needed on the line.
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Given the anticipated significant growth of the pharmaceutical business in the upcoming years, there will probably be a bigger demand for eco-friendly packaging choices. According to the International Federation of Pharmaceutical Manufacturers and Association, the global pharmaceutical sector would be valued at US$1,430 Bn by 2020. (IFPMA).
As the pharmaceutical industry grows, so would the demand for packaging automation to keep drugs safe from the environment and prevent them from changing in any way that could affect their efficacy. The pharmaceutical industry is investing heavily in packaging systems to improve efficiency and customer service. Automation in the packaging of medical devices like bottles, catheters, caps & closures, inhalers, syringes, disposables, and more helps reduce human error, boosts product quality, and protects patients. The need for packaging automation is expected to rise as a result of these factors.
The high price of creating and maintaining these machines is slowing the expansion of the packaging automation market. Adding state-of-the-art features and requiring specially trained workers are expected to increase the final price of these machines. In addition, regular and thorough maintenance of the machines is required to ensure their continued and reliable operation, which entails additional expenses. Government regulations concerning worker safety in automated packaging processes also act as a barrier to the industry’s expansion.
Key Takeaways
- In 2022, Asia-Pacific was responsible for 38 % of all income.
- In terms of revenue, the filling equipment sub segment accounted for 23% of the whole in 2022.
- For the period between 2023 and 2033, the pharmaceutical application sector is projected to expand at a CAGR of 9.3 %.
- 37.6% of the projected 2022 revenue came from the food processing sector.
Competitive Landscape
To meet the growing demand from factories around the world, leading companies in the packaging automation market plan to invest in R&D to develop innovative packaging automation systems. As the use of smart factories and industrial automation grows, it is expected that leading companies are likely to release cutting-edge products that are expected to make pick-and-place work more reliable.
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Recent developments in the packaging automation market include:
Maxpack Machinery LLC unveiled Leap by Max pack, an innovative piece of packing equipment that allows the customer to pay overtime, in August 2022. Leap is Maxpack’s solution to the expanding Buy Now, Pay Later industry. You can buy the automation gear in premium bundles with zero percent interest, a guarantee, and no credit check for 18 months.
ULMA Packaging, in May of 2022, announced that their newly developed, compact tray sealer, the TSA 400, would be showcased at the upcoming IFFA 2022. The manufacturer claims that the TSA 400 can perform in SKIN, MAP, LEAFSKINTM, and LEAFMAPTM applications, demonstrating the machine’s versatility. Because of its compact size and high throughput in a short distance of only 2.3 meters, it is ideally suited for spaces with limited floor plans.
Key Segments in the Packaging Automation Market
By Offering:
- Solution
- Case Sealers & Erectors
- Wrappers
- Stretch Wrappers
- Flow Wrappers
- Shrink Wrappers
- Filling
- Sleevers & Cartoners
- Markers & Labelers
- Strappers
- Palletizer and Depalletize
- Automated Mailer Systems
- Case Packers
- Vertical/Top Load Case Packer
- Wrap-around Load Case Packer
- Horizontal/Side Load Case Packer
- Others
- Others
- Services
- Consulting
- Support & Maintenance
- Installation & Training
By Automation Type:
- Robotic Pick & Place Automation
- Secondary Packaging Automation
- Tertiary & Palletizing Automation
By Industry Vehicle:
- 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
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