Packaging Automation Market Report 2024 – Market Size, Trends, And Forecast 2024-2033

The Business Research Company’s Packaging Automation Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033

LONDON, GREATER LONDON, UK, June 19, 2024 /EINPresswire.com/ -- The global packaging automation market has experienced significant growth, expanding from $71.31 billion in 2023 to $78.49 billion in 2024, with a compound annual growth rate (CAGR) of 10%. This growth is driven by the increasing demand for automated solutions across manufacturing and distribution operations, aimed at optimizing packaging processes and reducing costs.

Rising Demand for E-commerce Drives Market Growth
The burgeoning e-commerce industry plays a pivotal role in the expansion of the packaging automation market. E-commerce's convenience and accessibility have led to a substantial increase in online transactions, prompting the need for efficient packaging solutions. According to the United States Census Bureau, e-commerce sales in the USA rose by 7.6% between the third quarter of 2022 and the third quarter of 2023, highlighting the sector's robust growth and its reliance on automated packaging systems.

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Major Players and Technological Innovations
Leading companies such as Siemens AG, Mitsubishi Electric Corporation, and Schneider Electric SE are at the forefront of developing advanced packaging automation technologies. These innovations include vertical form-fill-seal systems for liquid products, which streamline production processes while ensuring consistent packaging quality across industries. For instance, Sealed Air Corporation launched the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System, designed to enhance efficiency and product protection in liquid packaging.
Innovative advancements and customized solutions are expected to drive market growth, catering to diverse industry demands and enhancing operational efficiencies.

Key Trends and Segmentation Insights
The packaging automation market is segmented based on offerings, automation types, and industry verticals:
•Offering: Solution, Services
•Automation Type: Robotic Pick And Place Automation, Secondary Packaging Automation, Tertiary And Palletizing Automation
•Industry Vertical: Healthcare And Pharmaceuticals, E-Commerce And Logistics, Food And Beverage, Automotive, Chemical And Refinery, Aerospace And Defense, Other Industry Verticals
These segments reflect the diverse applications and specialized needs within the packaging automation sector, offering tailored solutions for various industries.

Regional Dynamics: Asia-Pacific Emerges as the Fastest-Growing Market
North America dominated the packaging automation market in 2023, driven by technological advancements and widespread industrial automation adoption. However, Asia-Pacific is anticipated to witness the fastest growth during the forecast period. The region's burgeoning manufacturing sector, coupled with increasing investments in automation technologies, fuels market expansion across diverse industry verticals.

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Packaging Automation Global Market Report 2024 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Packaging Automation Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on packaging automation market size, packaging automation market drivers and trends, packaging automation market major players, competitors' revenues, market positioning, and market growth across geographies. The packaging automation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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