Packaging Automation Market

How will industry trends influence the Packaging Automation Market to be worth $118.8 billion by 2031?

Packaging Automation Market- 2023-2030 The global Packaging Automation Market is projected to reach $108.2 billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030, according to a new market research report titled, Packaging Automation Market by Offering, Type, End-use Industry, and Geography Global Forecast to 2030. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5324? Understanding Packaging Automation: Packaging automation refers to the use of automated technologies to package products with minimal or no manual involvement. Initially, packaging automation involved single-function machines, but it has evolved into fully integrated systems that automate the entire packaging process. This transition has significantly boosted production efficiency, speed, and quality control across industries. Market Dynamics: Several factors are driving the growth of the packaging automation market. The rapid expansion of the e-commerce sector, coupled with the increasing adoption of automation in various industries, has significantly boosted the market. Additionally, stringent food safety regulations are driving demand for automated packaging solutions. However, the high initial investment required for automation systems remains a significant barrier to market growth. Opportunities and Challenges: Opportunities for growth in the packaging automation market are abundant, particularly in the logistics sector, where there is a growing demand for sustainable and eco-friendly packaging. However, the shortage of skilled operators remains a significant challenge for market players. Emerging trends in the market include the integration of advanced technologies and the rise of smart packaging. Market Segmentation Overview: The packaging automation market is categorized based on offerings, type, end-use industries, and geographic regions. Offering: The market is segmented into solutions and services. Solutions include case sealers & erectors, sleevers & cartoners, palletizers & depalletizers, strappers, markers & labelers, automated mailer systems, and case packers. Services include consulting, installation & training, and support & maintenance. In 2023, the solutions segment is expected to dominate the market, driven by the need for increased production speed and safety. The services segment, however, is expected to grow at the highest CAGR, propelled by the increasing deployment of automation across industries. Type: The market is segmented into robotic pick & place, secondary packaging, and tertiary & palletizing. Robotic pick & place is anticipated to hold the largest Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Packaging Automation Market- 2023-2030 market share in 2023, owing to its widespread adoption across various industries. However, the secondary packaging segment is expected to grow at the fastest rate, driven by the need for safe transportation and supplementary protection during shipping. End-use Industry: The market is segmented into healthcare & pharmaceuticals, e-commerce & logistics, food & beverage, automotive, chemical & refineries, aerospace & defense, and others. The food & beverage segment is expected to lead the market in 2023, driven by changing consumer preferences and competition in the packaged food market. The e-commerce & logistics segment is expected to grow at the highest CAGR, driven by the rise of online shopping and the need for automation to ensure timely deliveries. Geography: The market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to lead the market, followed by Europe and North America. The region's market share is driven by the increasing use of sustainable packaging, supportive government policies, and the rapid growth of e-commerce. Major Market Players: Prominent players in the packaging automation market include ABB, Ltd. (Switzerland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Fanuc Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Other key players include Swisslog Holding AG (Switzerland), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and WestRock Company (U.S.). Buy Now: https://www.meticulousresearch.com/Checkout/31618980? About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Packaging Automation Market- 2023-2030 market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com