In 2021, the global packaging automation market accounted for $61,848.5 million, which is on track to reaching a $125,220.4 million value by 2030, growing at an 8.2% CAGR from 2021 to 2030. The main drivers for the market expansion are the growing use of automation in the manufacturing sector, fast industrialization, and desire to reduce staffing demand.
E-commerce is one of the biggest trends since so many people worldwide have come to consider online shopping as the new standard. In emerging economies, including China and India, online shopping activities are rising significantly. As a result, there is a considerable need for packaging equipment at all stages of the supply chain.
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Key Findings of Packaging Automation Market Report
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Over 37% of the global revenue was generated in APAC in the past few years, and it is expected that the region will continue to lead in the future as well. This results from several factors, including the fast urbanization, increasing family spending power, expanding e-commerce sector, and clear government regulations on energy efficiency and technological advancements.
In terms of revenue share, Europe is second in the packaging automation market. The high demand for highly automated, flexible, and efficient packaging equipment in the personal care, chemical, and pharmaceutical industries, rise in packaged food consumption due to sedentary lifestyles, and accessibility of cutting-edge automation technologies for packaging can all be credited for this growth.
Global Packaging Automation Market Report Coverage
By Product Type
By End Use
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