Packaging Automation Market Will Reach Usd 125,220.4 Million By 2030

By Author: Pramod Kumar
Total Articles: 97
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The total value of the global packaging automation market was USD 61,848.5 million in 2021, and it will rise at a growth rate of above 8.2% shortly, reaching USD 125,220.4 million by 2030, according to P&S Intelligence.

This growth can be credited to the growing acceptance of automation in the manufacturing industry, fast industrialization, growing manufacturing activities credited to the rising population, and the requirement to reduce labor needs.

Explore more about this report@ https://www.psmarketresearch.com/market-analysis/packaging-automation-market-report

In 2021, Filling equipment led the market with the largest revenue share, of approximately 23%, and the category is also projected to be on the leading spot throughout the projection period.

This development can be credited to the extensive utilization of automated filling machines to advance packaging operations. Packagers can save the time and money of packing with the advanced dependability, steadiness, and versatility of automated machines.

E-commerce is among the major trend these days as a vast count of individuals throughout ...
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the globe has adopted online shopping as the new normal. Online shopping happenings are rising on an enormous scale in developing countries, like India and China.

The thriving e-commerce industry is, ultimately, boosting the automation packaging market as there is a gigantic requirement for packing machinery across all e-commerce production stages, like the primary and secondary packaging, coding and labeling, and marking of the items.

Moreover, product packing significantly affects consumers’ purchasing decisions as it supports keeping the items safe and differentiates brands from each other through intense and innovative graphics.

On the basis of end users, the pharmaceutical category is projected to experience the fastest development at a CAGR of approximately 9%, in the coming few years. This can be credited to the quick evolution of the pharmaceutical sector, growing demand for supportable packaging solutions, high research and development expenditure, and growing investment by market titans to advance their manufacturing abilities.

In 2021, APAC dominated the market with the largest market share, of more than 37%, and it is further projected to maintain its dominance in the future as well. This is mainly because of the fast urbanization, mounting household buying capacity, rising e-commerce sector, and strict government guidelines on power conservation and technology and equipment advancements.

Moreover, North American and European industrial players are trying to establish manufacturing amenities in the region, which boosts industry expansion.

In 2021, China was the major revenue contributor and it is projected to maintain its dominance in the future as well. Mainly because of the rising populace, the existence of a vast manufacturing base, enhancing lifestyles, increasing per-capita income, and rising requirements to lessen the expenses of packaging.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.