The global packaging automation market size was estimated at USD 69.18 billion in 2022 and it is expected to hit around USD 145.93 billion by 2032, poised to reach at a CAGR of 7.8% during the forecast period from 2023 to 2032.

FACTORS INCREASING DEMAND FOR AUTOMATION IN PACKAGING INDUSTRY

• Rising labour costs and the need to improve labour productivity
• Growing demand for customized and personalized packaging
• Increasing emphasis on sustainability and reducing packaging waste
• Stringent regulatory requirements for packaging safety and quality

MARKET

1. Integration of Robotics and Automation: Robotics is revolutionizing packaging processes, enabling precise and consistent handling of products, reducing labour costs, and minimizing human error. Collaborative robots (robots) are gaining traction due to their ability to work safely alongside human workers.
2. Artificial Intelligence (AI) and Machine Learning (ML) Applications: AI and ML are transforming packaging automation by providing data-driven insights and enabling predictive maintenance. AI algorithms can optimize packaging processes, identify potential defects, and predict downtime, leading to improved efficiency and reduced costs.
3. Data-Driven Decision Making and Predictive Analytics: Packaging automation systems are generating vast amounts of data, which can be analysed using predictive analytics tools. This data provides insights into packaging performance, identifying areas for improvement and enabling proactive maintenance to prevent downtime.
4. Rise of Cloud-Based Packaging Automation Solutions: Cloud-based automation solutions are gaining traction as they offer remote management, data accessibility, and scalability. These solutions enable businesses to monitor and optimize their packaging processes from anywhere, reducing the need for on-site IT infrastructure.

KEY MARKET SHARE BY REGION

KEY MARKET INSIGHT BY TOP REGION

Asia Pacific:

• Largest market share and the fastest-growing region due to:
  1. Rapid economic growth
  2. Increasing urbanization
  3. Growing population with rising disposable incomes
  4. Surging demand for packaged goods
  5. Major markets: China and India