PUBLISHER: Lucintel | PRODUCT CODE: 1356666
PUBLISHER: Lucintel | PRODUCT CODE: 1356666
Packaging Automation Trends and Forecast
The future of the global packaging automation market looks promising with opportunities in the food & beverage, healthcare, personal care & cosmetic, electrical & electronic, aerospace & defense, and automotive industries. The global packaging automation market is expected to reach an estimated $118.6 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing demand automated packaging technology to streamline operations, guarantee product quality, and fullfill growing consumer needs, growing use of automation solutions in various industries, and rising preference for secondary packaging automation.
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Packaging Automation by Segment
The study includes a forecast for the global packaging automation by product type, function, end use industry, and region.
Packaging Automation Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
Packaging Automation Market by Function [Shipment Analysis by Value from 2018 to 2030]:
Packaging Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Packaging Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Packaging Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaging automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaging automation companies profiled in this report include-
Packaging Automation Market Insights
Lucintel forecasts that filling is expected to witness highest growth over the forecast period due to significant use of automated filling equipment to improve packaging operations.
Food & beverage is expected to witness highest growth over the forecast perioddue to increasing demand automated packaging technology to streamline operations, guarantee product quality, and fullfill growing consumer needs.
APAC is expected to witness highest growth over the forecast period due to increasing amount spent on food and drink, expanding number of manufacturing units, and presence of key players in the region.
Features of the Global Packaging Automation Market
Market Size Estimates: Packaging automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaging automation market size by product type, function, end use industry, and region. in terms of value ($B).
Regional Analysis: Packaging automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, functions, end use industries, and region.s for the packaging automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaging automation market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the packaging automation market size?
Answer: The global packaging automation market is expected to reach an estimated $118.6 billion by 2030.
Q.2. What is the growth forecast for packaging automation market?
Answer: The global packaging automation market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the packaging automation market?
Answer: The major drivers for this market are increasing demand automated packaging technology to streamline operations, guarantee product quality, and fullfill growing consumer needs, growing use of automation solutions in various industries, and rising preference for secondary packaging automation.
Q.4. What are the major segments for packaging automation market?
Answer: The future of the packaging automation market looks promising with opportunities in the food & beverage, healthcare, personal care & cosmetic, electrical & electronic, aerospace & defense, and automotive industries.
Q.5. Who are the key packaging automation market companies?
Answer: Some of the key packaging automation companies are as follows:
Q.6. Which packaging automation market segment will be the largest in future?
Answer: Lucintel forecasts that filling is expected to witness highest growth over the forecast period due to significant use of automated filling equipment to improve packaging operations.
Q.7. In packaging automation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing amount spent on food and drink, expanding number of manufacturing units, and presence of key players in the region.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.