Packaging Automation Market to Generate Revenue Worth $125,220.4 Million by 2030

The global packaging automation market is projected to generate $125,220.4 million revenue in 2030, advancing at a CAGR of 8.2% between 2021 and 2030. This can be ascribed to the rising need for supply chain integration, increasing disposable income, surging need for a reduction in labor expenditures, and booming demand for durable packaging solutions during the transit of products in various industries, such as healthcare, e-commerce and logistics, and food and beverage.

Filling Machines Generate Majority of Revenue

Filling machines accounted for the largest revenue share of, around 23%, in 2021, and they are further expected to maintain their dominance during the forecast period. Automated filling equipment provides higher production rates, consistency, reliability, and versatility with less operator interaction. These advantages drive the demand for this equipment in the manufacturing sector and spur the market expansion.

Additionally, the capping category will witness significant growth during the forecast period. These systems are widely used in the pharmaceuticals and food and beverage industry to speed up the production process. Additionally, they ensure that the end product does not get contaminated during handling at the production line.

Based on end use, the market is categorized into food processing, beverage processing, pharmaceuticals, personal care and toiletries, industrial and chemicals, and others. Among these, the food processing category accounted for the largest revenue share in 2021, and it is expected to maintain its position during 2021–2030. This can be attributed to the high R&D spending and technological advancements to improve production, the increasing demand for packaged food, and the growing food processing industry as a result.

Furthermore, the expansion of the market is being aided by the desire of the major players in the food and beverage sector to set up manufacturing facilities in developing nations such as China and India.

Geographically, APAC held the largest revenue share in 2021, and it will dominate the market during the projection period. The increasing rate of industrialization, rising disposable income and standard of living, growing population, and increasing manufacturing activities owing to the surge in the demand for consumer goods are the major factors responsible for the high revenue generation in the region.

Furthermore, Europe will witness lucrative growth during the forecast period. This is due to the fast adoption of advanced technologies in production plants and warehouses, presence of a large number of market players, and high demand for automated, adaptable, and efficient packaging gear across the food, beverage, chemical, personal care, and pharmaceutical industries.

In addition, North America accounted for the third-largest revenue share in 2021, and it is expected to maintain the same trend during the forecast period. This can be attributed to the presence of numerous multinational beverage manufacturers and adoption of advanced manufacturing technologies to boost productivity and save on labor expenses. Furthermore, the U.S. is the prime contributor to the market owing to the growing e-commerce industry and high labor costs in the industrial sector.

Some of the major players in the market are Syntegon Technology GmbH, MULTIVAC Sepp Haggenmüller SE & Co. KG, ULMA Packaging S.Coop., Coesia S.p.A., Swisslog Healthcare AG, Sealed Air Corporation, and Rockwell Automation Inc.