Packaging Automation Solutions Market Aims for US$ 155 Billion by 2033
The global packaging automation solutions market is poised for significant advancement, projected to achieve a substantial CAGR of 7.5% over the coming decade. This growth trajectory is expected to elevate the market from its current valuation of US$ 75 billion to an impressive US$ 155 billion by the conclusion of 2033.
The past decade has witnessed a profound shift in production
lines worldwide, driven by the introduction of automation and robotics. In an
environment characterized by heightened competitiveness and a growing emphasis
on reducing turnaround times, manufacturers across the globe have increasingly
turned to automation to ensure consistency and enhance efficiency.
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Key Takeaways from Market Study
• The 2023 Valuation of the Global Packaging Automation
Solution Market Stands at US$ 75 Billion.
• Anticipating a Surge: The Market Aims for US$ 155 Billion
by 2033.
• Steady Growth Ahead: Global Demand for Packaging
Automation Solutions to Experience 7.5% CAGR from 2023 to 2033.
• Asia Pacific Leads the Way: Holding a 39% Share of the
Global Market in 2022.
• Paving the Future: Packaging Robots Segment Poised for 6%
CAGR Growth in the Forecast Period.
“Increasing
adoption of automation in the manufacturing sector, rapid industrialization,
increased manufacturing activities due to the expanding population, and the
need to reduce labor requirements are the main factors anticipated to drive the
global market for packaging automation solutions,” says a Fact.MR
analyst
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 Companies Profiled
- Automated
Packaging Systems, Inc
- ABB
Ltd
- Kollmorgen
Corporation
- Beumer
Group GmbH & Co. KG
- Rockwell
Automation, Inc
- Emerson
Electric Company
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
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Questionnaire answered in the Market outlook Report of
Packaging Automation Solution include:
- What
is the key strategy deployed by large players to maximize Packaging
Automation Solution Market growth?
- What
are the main challenges faced by players in the Packaging Automation
Solution market Demand?
- With
the advent of technological advancement, how will the Packaging Automation
Solution market landscape change over the forecast period?
- What
does player bring to the table which is unique as a strategy, and is easy
to emulate for new investors in the Packaging Automation Solution market
size?
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