The packaging automation solution market was valued at USD 28.39 Billion in 2015 and is expected to reach USD 52.42 Billion by 2022, growing at a CAGR of 8.68% during the forecast period. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the solution market.
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According to the new research report "Packaging Automation Solution Market by Product Type (Automated Packagers, Packaging Robots, and Automated Conveyors & Sortation Systems), Function (Case Packaging, Palletizing), Software and Service, Industry, and Geography - Global Forecast to 2022", the market is expected to grow from USD 28.39 Billion in 2015 to USD 52.42 Billion by 2022, at a CAGR of 8.68% between 2016 and 2022. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the packaging automation solution market.
Browse 71 market data tables and 54 figures spread through 148 pages and in-depth TOC on “Packaging Automation Solution Market - Global Forecast to 2022”
Packaging robots to witness high growth during the forecast period
Packaging and palletizing applications have become more efficient and faster with the use of robots in diverse sectors such as automotive, food and beverages, and retail.
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The increased use in various functions such as picking, placing, and case packaging would be the major driving factor for the growth of packaging robots in the packaging automation solution market. The high degree of flexibility provided by packaging robots has also increased their use in the packaging automation solution market.
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Case packaging function expected to hold the largest share of the packaging automation solution market
Case packaging is one of the important functions in the packaging industry. Case packaging machines have been used for secondary packaging of the primary packaged goods across end-user applications.
Case packaging is being used in many of the applications as the secondary form of packaging. This increased use of case packaging in diverse industries has helped case packaging function lead the packaging automation solution market.
Europe expected to hold a major share of the packaging automation solution market during the forecast period
Europe held the leading position in the packaging automation solution market in terms of market size (value) in 2015. Countries such as Germany, U.K., Italy, and France play an important role in the packaging automation solution market in Europe.
Many companies in the European market are offering advanced, user-friendly, and cost-effective packaging automation solutions. The overall use and growth of packaging automation solutions in all the European countries with initiatives from the European Union would help the growth of the packaging automation solution market in the region.
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The major players in the packaging automation solution market are Rockwell Automation (U.S.), ABB Ltd. (Switzerland), Mitsubishi Electric Corp.
(Japan), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Swisslog Holding AG (Switzerland), Siemens AG (Germany), Automated Packaging Systems, Inc. (U.S.), Kollmorgen (U.S.), and BEUMER Group GmbH & Co., KG (Germany).
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