Global Packaging Automation Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
What is the Expected Growth Rate of the Packaging Automation Market from 2024 to 2033?
The packaging automation market has seen rapid growth, anticipated to grow from $71.31 billion in 2023 to $78.49 billion in 2024, at a CAGR of 10%. Factors driving this growth include rising demand for packaging automation, increasing secondary packaging automation, the need for automated machines, and the overall adoption of automation solutions to reduce costs.
The packaging automation market is projected to grow rapidly, reaching $115.92 billion by 2028, with a CAGR of 10.2%. Growth is driven by demand for productivity improvements, industrialization, and the rise of e-commerce. Key trends include innovation in packaging automation and technological advancements.
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What Key Factors Are Fueling the Growth of the Packaging Automation Market?
The booming e-commerce sector is expected to drive growth in the packaging automation market. E-commerce refers to the online buying and selling of goods and services, offering convenience and accessibility. Packaging automation is essential for streamlining order fulfillment and ensuring quality across high volumes. According to the U.S. Census Bureau’s 2023 data, e-commerce sales increased by 7.6% between Q3 2022 and Q3 2023. Therefore, the rising e-commerce industry is propelling the packaging automation market.
What Are the Major Segments of the Packaging Automation Market?
1) By Offering: Solution; Services
2) By Automation Type: Robotic Pick And Place Automation; Secondary Packaging Automation; Tertiary And Palletizing Automation
3) By Industry Vertical: Healthcare And Pharmaceuticals; E-Commerce And Logistics; Food And Beverage; Automotive; Chemical And Refinery; Aerospace And Defense; Other Industry Verticals
What New Trends Are Transforming the Packaging Automation Market?
In the packaging automation market, companies are focusing on automated technologies for liquid products, like vertical form-fill-seal systems, to streamline packaging solutions. For example, in November 2023, Sealed Air Corporation launched the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System, which efficiently packages liquids by forming, filling, and sealing in one integrated process, offering superior quality and convenience.
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Which Regions Are Driving Growth in the Packaging Automation Market?
North America was the largest region in the packaging automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Packaging Automation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the packaging automation market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Packaging Automation Market Include
1. Packaging Automation Market Executive Summary
2. Packaging Automation Market Segments
3. Packaging Automation Market Size And Template Market Growth Rate
4. Key Packaging Automation Market Trends
5. Major Packaging Automation Market Drivers
……
25. Key Mergers And Acquisitions In The Packaging Automation Market
26. Top Packaging Automation Companies
27. Packaging Automation Market Opportunities And Strategies
28. Packaging Automation Market, Conclusions And Recommendations
29. Appendix
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