According to a new report, published by KBV research, The Global Packaging Automation Solutions Market size is expected to reach $92.63 billion by 2031, rising at a market growth of 6.9% CAGR during the forecast period.
The Palletizing Automation Solution market is expected to witness a CAGR of 6.4% during (2024 - 2031). Palletizing automation solutions are widely used to optimize the stacking and storage of packaged goods for transportation and logistics. These solutions offer reduced handling time, improved workplace safety, and better warehouse space utilization. The increasing adoption of robotic palletizing systems, particularly in the manufacturing and logistics sectors, has contributed to the growth of this segment.
The Automated Packagers market dominated the Global Packaging Automation Solutions Market by Product Type in 2023; thereby, achieving a market value of $36.6 billion by 2031. This growth is driven by the increasing need for efficient, high-speed packaging solutions across industries such as food and beverage, pharmaceuticals, and consumer goods. Automated packagers streamline the packaging process, reducing manual intervention and enhancing productivity. They offer advantages like consistent product quality, reduced packaging errors, and improved operational efficiency, making them a preferred choice for manufacturers aiming to meet high-volume production demands.
The Healthcare & Pharmaceutical market is expected to witness a CAGR of 5.8% during (2024 - 2031). Stringent regulatory requirements, increasing demand for precise and tamper-evident packaging, and the need for high-speed production have driven the adoption of automation in this sector. Automated solutions improve accuracy in labelling, ensure compliance with safety standards, and help maintain the integrity of sensitive pharmaceutical products, making them essential for the growing pharmaceutical industry.
Full Report: https://www.kbvresearch.com/packaging-automation-solutions-market/
The North America market dominated the Global Packaging Automation Solutions Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $30.34 billion by 2031. The Europe market is experiencing a CAGR of 6.5% during (2024 - 2031). Additionally, The Asia Pacific market would exhibit a CAGR of 7.4% during (2024 - 2031).
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