Sarasota, FL -- (SBWire) -- 12/20/2018 --Global packaging automation market was valued at approximately USD 33.0 billion in 2017 and is expected to generate revenue of around USD 58.1 billion by the end of 2024, growing at a CAGR of around 8.4% between 2018 and 2024.
Packaging automation is the process of packing the products through robots or machines. It helps to protect the product from physical damage. Packaging automation machines decrease the cost of packaging and help to reduce labor cost and minimize damage during material handling. Packaging automation is also used by some of the manufacturers to deliver more products in less time. Recent advancements and bearing in food processing and packaging (FPP) is an interdisciplinary area in materials, regulation, systems, safety, and supply chains. Advancements in the packaging industry include smart packaging, printing techniques, automation architecture, robotics and machinery, software systems and interfaces. Such factors are expected to drive the packaging automation market growth over the forecast timeframe.
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Packaging generates waste; manufacturers are focusing on creating sustainable packaging and examples of those materials include fiber composite, polylactide acid (PLA) plastics, starch-based films, sugarcane pulp, and others. Woods and glass are also used as packaging materials. Aluminum packaging provides a resistant barrier to protect food, as it is chemically neutral and non-toxic. Some foods are required to be kept in dark environment. Aluminum is mostly preferred in this context. Efficient packaging is cheap, safe, and more hygienic foods. Active packaging is one method where packaging material interacts with the food for long shelf-life, high safety, and improves hygiene. Safety of food is the important requirement in food production and packaging. As per USDA, over 75 million individuals every year become ill due to food poisoning. In the U.S., per year, 325,000 people are hospitalized, and around 5000 of them die from pathogens such as E. coli and salmonella which is mostly found in raw meat products.
The packaging automation market is segmented on the basis of product type into packaging robots, automated conveyors, and automated packagers. Packaging robots held significant revenue share in 2017, due to increased demand from various industries to ease packaging of materials.
Based on application, packaging automation market has been segmented as wrapping, form, filling & sealing (FFS), palletizing, capping, labeling, and others. Form, filling & sealing (FFS) contributed major revenue share in 2017. Palletizing is predicted to account for lucrative growth over the forecast period. The growth is attributed as it is mostly used in the packaging line in industries, such as chemical, pharmaceutical, and personal care & cosmetics.
End-user industries include healthcare & pharmaceutical, food & beverage, logistics & e-commerce, automotive, chemicals, and others. E-commerce sector is expected to contribute for a significant growth, especially in emerging countries. Packaging is a vital part of e-commerce sector. Increasing demand for online shopping in the past years is expected to boost demand for packaging automation in the e-commerce sector.
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are regional segments for the global packaging automation market. Europe held a major revenue share in 2017. The growth is attributed due to the presence of major industries in the region. The Asia Pacific is predicted to exhibit lucrative opportunities for packaging automation. The region is a hub for automotive, food and beverages, and healthcare industries, which have a high demand for advanced packaging solutions.
Some of the key players operating in the packaging automation market include 3M, MeadWestvaco Corporation, BASF SE, Du Pont De Nemours and Company, Amcor Limited, Avery Dennison Corp., Sealed Air Corporation, Avery Dennison Corp., Huhtamaki Group, Stora Enso OYJ, International Paper, RR Donnelley, Sonoco Products Company, Smartrac N.V., and others.
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This report segments the global packaging automation market as follows:
Global Packaging Automation Market: Product Type Segment Analysis
Packaging Robots
Automated Conveyors
Automated Packagers
Global Packaging Automation Market: Application Segment Analysis
Form, Filling & Sealing (FFS)
Capping
Labeling
Wrapping
Palletizing
Others
Global Packaging Automation Market: End-User Industry Segment Analysis
Healthcare & Pharmaceutical
Food & Beverage
Logistics & E-commerce
Automotive
Chemicals
Others
Global Packaging Automation Market: Regional Segment Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Global Packaging Automation Market Set for Rapid Growth, to Reach Value Around USD 58.1 Billion by 2024
Packaging Automation Market by Product Type (Packaging Robots, Automated Conveyors, and Automated Packagers), by Application (Form, Filling & Sealing (FFS), Capping, Labeling, Wrapping, Palletizing, and Others), and by End-User Industry (Healthcare & Pharmaceutical, Food & Beverage, Logistics & E-commerce, Automotive, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024