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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1444092

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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1444092

Packaging Automation - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

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The Packaging Automation Market size is estimated at USD 74.52 billion in 2024, and is expected to reach USD 104.81 billion by 2029, growing at a CAGR of 7.06% during the forecast period (2024-2029).

Packaging Automation - Market

Key Highlights

  • Automation offers improved efficiency and productivity in secondary packaging operations. Automated systems can handle repetitive tasks, such as carton erecting, case packing, palletizing, and labeling, faster and more accurately than manual processes. It resulted in higher throughput and reduced labor requirements. Companies focus on catering to customers' needs to offer them innovative and comprehensive packaging solutions. In line with the same, in May 2023, ULMA Packaging, a packaging machine manufacturer for the medical/pharmaceutical and food sectors, showcased its compact packaging equipment. It includes primary and secondary packaging, fully automated lines that handle the entire packaging process, product loading, and final palletizing for customers looking to introduce automatic packaging or optimize the footprint of their factories.
  • Automation solutions in the packaging industry are steadily increasing, providing several benefits to businesses. Additionally, to promote packaging automation among end users industries, packaging machinery manufacturers are launching schemes with their machinery. For instance, in Aug 2022, Maxpack Machinery LLC launched Leap by Max Pack, revolutionary packaging machinery which allows the buyer to pay over time. Leap is Maxpack's take on the high-growth segment of Buy Now, Pay Later. The automation machinery is sold as premium bundles with a payment duration of 18 monthly payments with no interest, guarantees, or credit requirements.
  • Automation and robotics can benefit wineries and other businesses in the consumer-packaged goods industry. While many CPG companies already embraced automation in their packaging and processing lines, wineries need to adopt these technologies faster. However, the potential advantages of automation in the winery industry include increased production efficiency, improved product quality and consistency, enhanced safety and hygiene, and data-driven insights, among others.
  • The advantages of packaging automation systems are significant and drive the market. Still, the requirement of higher initial capital restricts smaller organizations from adopting it. Additionally, investors are looking at alternate manufacturing destinations with the rising cost of production in China and the strengthening of the Yuan against the Dollar. However, manufacturers need to focus on quality production and environment-friendly manufacturing regulations. With the growing technology, a fully automated facility takes years to adjust and evolve. Meanwhile, unfavorable or delayed initiatives on dynamic automation adaption include limited growth on a regional basis.
  • The COVID-19 pandemic forced the players in the packaging industry to rethink their business models. The increased e-commerce does not put a strain on distribution companies but also manufacturers. Manufacturers also put their money and efforts into packaging that goes with their products. Additionally, COVID accelerated the adoption of robotic packaging automation processes like wraparound packaging.

Packaging Automation Market Trends

Food Industry to Show Significant Growth

  • Packaging automation in the food industry is an essential aspect of streamlining operations, ensuring product quality, and meeting the increasing demands of consumers. Automation in food packaging processes can significantly increase efficiency and productivity. Automated systems can handle filling, sealing, labeling, and palletizing tasks, allowing faster and more consistent packaging operations. It leads to higher production rates and reduced labor requirements.
  • In many sectors, automation changed the game, and the processing and packaging of food and beverages are no exception. Robotics solutions are available for all packaging lines, from straightforward pick and drop operations to intricate processes like can, pouch, or packet manufacturing. Automation completely changed how packaging is done in this business, resulting in more productivity, lower prices, and better quality. Even cheap candies go through many food packaging stages using cutting-edge machinery.
  • Additionally, Machinery manufacturers are focusing on controls-based collaboration. In May 2023, Rotzinger, a Swiss OEM packaging machinery manufacturer, a maker of equipment for food, beverage, and cosmetic industries, and CoreTigo, a supplier of industrial wireless automation, presented an intriguing controls-based partnership at Interpack last month. With the integration of CoreTigo's IO-Link wireless products and technology into Rotzinger's cutting-edge packaging equipment, new and sophisticated capabilities are created that are driving maximum flexibility, throughput, and sustainability.
  • Further, increasing R& D spending by food companies to enhance their product and implement automation to improve product hygiene and profit through economies of scale, extended shelf life, and cost reduction are expected to boost packaging automation. According to Campbell Soup's annual report 2022, the company increased its R& D spending to USD 87 million in 2022 from USD 84 million in 2021. All such factors are expected to support market growth.

Asia Pacific to Hold a Major Market Share

  • In recent years, the packaging industry expanded. Products that are appealing and cutting-edge are the result of the introduction of numerous manufacturing facilities, eco-friendly materials, and increasing attention to research and development. These are all inexpensively produced locally. Additionally, it is anticipated that government programs like "Make In India" would contribute to advancing these programs.
  • Additionally, the increasing spending on food and beverages, coupled with the growing demand for packaging solutions, presents challenges for manufacturers to meet customer requirements promptly. Labor shortages and the need for improved productivity further incentivized companies to adopt packaging automation in the food industry. Additionally, Hanyang Packaging took an innovative approach by installing Delta Robot to keep up with the increasing demand. They used Rockwell Automation Integrated Architecture. CompactLogix 5370 L3 controllers rely on one control platform for the entire system, i.e., from robotics control to indexing and conveyance. As a result, Hanyang Packaging improved productivity and efficiency and reduced costs with a single common control platform, shared network, and design environment.
  • In July 2022, Ranpak, a supplier of paper-based packaging solutions for industrial supply chains and e-commerce, introduced "Flap'it!" a highly effective device that automates the packaging of a range of small items. By using inside flaps and corner-integrated cushioning bumpers to keep the goods in place, the Flap'it! The solution automatically adjusts to the height of the object. It guarantees that goods are safeguarded while shipping, lowering expenses, damage, and product returns.
  • Moreover, in April 2022, the global packaging leader, TricorBraun, announced that it had agreed to acquire PB Packaging ("PB"), a wholly-owned subsidiary of Pro-Pac Packaging Limited. One of Australia's leading plastic and glass packaging providers, PB is a one-stop shop for rigid packaging needs, serving customers in the healthcare, industrial, food, and automotive industries. Along with this acquisition, TricorBraun will access the company's automation packaging solutions, like CAD/CAM designing, for innovative packaging tools and automatic blow and Injection molding services.

Packaging Automation Industry Overview

The packaging automation market is fragmented, with many players occupying market shares. Innovation and collaboration among the key players are further adding growth in the market.

  • March 2022- ULMA Packaging announced that its machines now feature BETTER-SEAL, an innovative system that improves the sealing in mono-material solutions. Adding this feature is a step forward in its innovation strategy and environmental commitment.
  • January 2022- MULTIVAC announced the acquisition of the complete holdings of TVI in Bruckmuhl. TVI is a portioning machine provider and part of the MULTIVAC Group since January 2017. This acquisition is an essential component for the further alignment of MULTIVAC as a complete supplier of packaging and processing solutions.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 51884

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumption and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of the Impact of COVID-19 on the Industry

5 MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Number of Automation for Secondary Packaging
    • 5.1.2 Increasing Adoption of Automation Solutions Across Various Industries
  • 5.2 Market Challenges/Restraints
    • 5.2.1 High Capital Cost and Cybersecurity Concerns

6 MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Filling
    • 6.1.2 Labelling
    • 6.1.3 Case Packaging
    • 6.1.4 Bagging
    • 6.1.5 Palletizing
    • 6.1.6 Capping
    • 6.1.7 Wrapping
    • 6.1.8 Other Product Types
  • 6.2 By End-user
    • 6.2.1 Food
    • 6.2.2 Beverage
    • 6.2.3 Pharmaceuticals
    • 6.2.4 Personal Care and Toiletries
    • 6.2.5 Industrial and Chemicals
    • 6.2.6 Other End-users
  • 6.3 Geography
    • 6.3.1 North America
      • 6.3.1.1 United States
      • 6.3.1.2 Canada
    • 6.3.2 Europe
      • 6.3.2.1 United Kingdom
      • 6.3.2.2 Germany
      • 6.3.2.3 France
      • 6.3.2.4 Italy
      • 6.3.2.5 Spain
      • 6.3.2.6 Rest of Europe
    • 6.3.3 Asia Pacific
      • 6.3.3.1 China
      • 6.3.3.2 Japan
      • 6.3.3.3 India
      • 6.3.3.4 Australia
      • 6.3.3.5 Rest of Asia Pacific
    • 6.3.4 Latin America
      • 6.3.4.1 Brazil
      • 6.3.4.2 Argentina
      • 6.3.4.3 Mexico
      • 6.3.4.4 Rest of Latin America
    • 6.3.5 Middle East and Africa
      • 6.3.5.1 Saudi Arabia
      • 6.3.5.2 South Africa
      • 6.3.5.3 Egypt
      • 6.3.5.4 Rest of Middle East and Africa

7 COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Multivac Group
    • 7.1.2 Coesia Spa
    • 7.1.3 ULMA Packaging
    • 7.1.4 Syntegon Technology
    • 7.1.5 Swisslog Healthcare
    • 7.1.6 Rockwell Automation Inc.
    • 7.1.7 Sealed Air Corporation
    • 7.1.8 Mitsubishi Electric Corporation
    • 7.1.9 Automated Packaging System LLC (Sealed Air Corporation)

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET

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Jeroen Van Heghe

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+32-2-535-7543

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Christine Sirois

Manager - Americas

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