Packaging automation solution market to touch USD 155 bn

The global packaging automation solution market is valued at USD 75 bn in 2023. The market is anticipated to notch up USD 155 bn by the end of 2033.

12 Jan 2023 | By Disha Chakraborty

As per a report shared by Fact.MR, the global demand for packaging automation solutions is projected to evolve at a CAGR of 7.5% from 2023 to 2033. Asia Pacific held 39% share of the worldwide market

As per a report shared by Fact.MR, the global demand for packaging automation solutions is projected to evolve at a CAGR of 7.5% from 2023 to 2033. Asia Pacific held 39% share of the worldwide market in 2022. The packaging robots segment is likely to expand at a CAGR of 6% during the forecast period. 

Key players in the packaging automation solution market are pursuing marketing tactics such as investments, alliances, acquisitions, R&D activities, and technological advancements to expand and maintain their worldwide presence. Moreover, many start-ups are introducing technologically advanced products to gain market share.

Nexa System Engineering, a Polish startup, provides robotic packing stations and labelling and marking systems. The packaging machines are centred on Scara, Delta, and 6-axis robots, allowing production flexibility. Robotised systems work with cartoners that fold or prepare cartons, labels, and sealers.

Ulma Packaging exhibited TSA 400, a newly designed, compact tray sealer, at IFFA in May 2022. The TSA 400, according to the manufacturer, is a versatile machine that can function in MAP, SKIN, LEAFMAPTM, and LEAFSKINTM applications, with a tiny footprint and an output of 2.3 metres, making it ideal for constrained layouts.

Multivac announced the market debut of its W 500 as a universal flow packing solution in April 2022. The product can be used to pack a variety of food goods. This product can be utilised either as a stand-alone solution or as part of an automated line. The company is working on expanding its equipment offering to a new field of application with the advent of the new W 500 horizontal flow packer.

As per the press release shared by Fact MR, “Packaging automation is the technique of packaging a product without any human intervention. Packaging automation can be as simple as a single piece of machinery to as complex as a standard process or a full packaging line. They can range from fully automated packing lines that pack, stack, and unitise entire pallets of products to something as simple as automatically producing and packing cartons.” 

The global market is being driven by an increase in the rate of industrialisation and manufacturing activities as a result of the expanding population. Increased worker safety concerns among manufacturers and growing technological breakthroughs such as packaging robots, autonomous robots, and digital manufacturing are expected to propel the global market. 

Fact MR is a company that provides both qualitative and quantitative research, spanning market forecast, market segmentation, competitor analysis, and consumer sentiment analysis. We also provide bespoke consulting solutions, guiding clients right from initiation to successful market foray.

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