North America Packaging Automation Market - By Type ; By Application ; By End User ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

North America Packaging Automation Market to Expand at Steady CAGR of 7.9% during 2023-2029.

North America packaging automation market is flourishing because of growing demand for improved efficiency, increasing automation utilization in a variety of industries, and high adoption for customized packaging.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects North America packaging automation market size to grow at a CAGR of 7.9% during the forecast period between 2023 and 2029. Major factors for the expansion of North America packaging automation market include increasing demand for better productivity, industrialization, and manufacturing processes, as well as the increasing penetration of automation in a variety of industries such as food and beverage, pharmaceuticals, and cosmetics. Furthermore, the increase in disposable income, which is resulting in a higher standard of living, has increased the demand for prolonged packaging solutions to ensure the items' long-term durability throughout transit. This characteristic entices enterprises in the e-commerce, logistics, food and beverage, and healthcare industries to use innovative packaging solutions to expedite their manufacturing to a mass market. As the demand for supply chain integration grows, various businesses are investing in cutting-edge packaging technology. These technologies boost production line productivity and assist firms reduce the workforce on production lines, saving both labor expenses and production time. Hence, all these factors are expected to boost the expansion of North America packaging automation market during the period in analysis. However, the high initial cost is anticipated to hamper the expansion of North America packaging automation market.

North America Packaging Automation Market- Overview

Packaging automation refers to the process of packaging without the use of skilled workers. Eliminating unnecessary labor is a sensible approach that allows manufacturing or packaging companies to accomplish more with fewer resources. Packaging automation minimizes dependency on workforce, increases packaging efficiency and repeatability, and hence results in increased floor area utilization. It also reduces overall packaging costs while improving package quality. Because of automated devices, manufacturing operations are productive and efficient. Manufacturers are increasingly employing automated machines to package commodities and products since they are efficient and can reduce labor costs and time. Automation is employed in the manufacturing business for a variety of reasons, including increased flexibility, safer working conditions, stringent quality control, less waste, and lower costs. Furthermore, the inclusion of the programming function in these machines allows for variation and non-repetitiveness of jobs and operations depending on the demands of product labeling and presentation requirements.

North America Packaging Automation Market - Opportunity

Increasing technology advancements in packaging

The rapid pace of technology advancements in the packaging industry is increasing the demand for packaging equipment that is connected to IoT (Internet of Things) as well as smart embedded technologies. Packaging equipment can be easily monitored from any location utilizing desktop computers, mobile devices, and laptops owing to such latest-edge technology. Due to such innovative technologies, production line workers may now more easily assess the performance and consistency of such automated systems. They also aid in finding and resolving problems by offering remote control for transmitting important instructions to activate or deactivate a machine's function from a distance.

North America Packaging Automation Market - By Application

Based on application, North America packaging automation market is divided into Labelling, Capping, Palletizing, Wrapping, and Form Filing & Sealing segments. The form filing and sealing segment held the highest market share and is expected to continue leading the market due to high adoption of automated filling machines to enhance packaging functions. Since automated equipment are more reliable, consistent, and versatile, packagers can save time and money. The wrapping machines segment held the second highest market share due to its use in secondary and tertiary packaging of a wide range of products. The automation of the wrapping process improves industrial units by increasing efficiency, productivity, inventory management, saving time, and lowering wrapping film costs. Moreover, the labelling segment is expected to increase significantly during the forecast period, as labelling equipment is frequently utilized in the manufacturing industry to label or print the brand name and other vital information on product packaging. The palletizing segment will also witness a significant growth due to increasing usage of machines for mounting massive volumes of identical items onto a pallet for shipping, due to the advantages of product integrity, stability, and a safer and quicker process than manual loading.

Impact of COVID-19 on North America Packaging Automation Market

The COVID-19 pandemic had an adverse effect on many enterprises around the world. Several industries were disrupted because of the nationwide lockdowns' disruption of supply networks and personnel limits. Factory closures and trade restrictions exacerbated the existing problems, severely affecting a variety of businesses. Manufacturing plants were closed, affecting production and creating a major demand-supply gap. The global infrastructure and construction industries experienced severe labor shortages, project suspension and cancellation, and supply and logistics disruptions. Due to a lack of logistical infrastructure for material dispatch, supply chain disruptions during the pandemic also posed a challenge to the pharmaceutical, food, and many other packaging sectors. However, the overall impact of the COVID-19 pandemic on the packaging automation market has been positive because to a boost in online delivery services and packaging, which plays a vital role in the e-commerce trade of physical products.

Competitive Landscape:

Major players operating in North America packaging automation market include: JLS Automation, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Swisslog Holding AG, Emerson Electric Co., Siemens, Automated Packaging Systems, LLC, Kollmorgen, Brenton, LLC., SATO Holdings Corporation, Schneider Electric, and PakTech. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics North America Packaging Automation Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends North America Packaging Automation Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.