The global packaging automation market is projected to register at a moderate-paced CAGR of 8.05% over the forecast period. The packaging automation market is currently valued at US$ 74.53 Billion in 2023. By 2033, demand for Packaging Automation is expected to reach a high of US$ 161.66 Billion. Demand for packaging automation to guarantee the longevity of items during transit has increased as disposable income has grown, leading to an increased standard of living. Because of this quality, companies in the retail, transportation, food and beverage, and medical sectors are lured to use innovative packaging system solutions in order to speed up production for a wide audience. Several companies are investing in state-of-the-art packaging technologies in response to the rising importance of supply chain integration. These innovations boost the efficiency of assembly line processes and help companies reduce the number of workers required on the line. Get Free Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15922 Given the anticipated significant growth of the pharmaceutical business in the upcoming years, there will probably be a bigger demand for eco-friendly packaging choices. According to the International Federation of Pharmaceutical Manufacturers and Association, the global pharmaceutical sector would be valued at US$1,430 Bn by 2020. (IFPMA). As the pharmaceutical industry grows, so would the demand for packaging automation to keep drugs safe from the environment and prevent them from changing in any way that could affect their efficacy. The pharmaceutical industry is investing heavily in packaging systems to improve efficiency and customer service. Automation in the packaging of medical devices like bottles, catheters, caps & closures, inhalers, syringes, disposables, and more helps reduce human error, boosts product quality, and protects patients. The need for packaging automation is expected to rise as a result of these factors. The high price of creating and maintaining these machines is slowing the expansion of the packaging automation market. Adding state-of-the-art features and requiring specially trained workers are expected to increase the final price of these machines. In addition, regular and thorough maintenance of the machines is required to ensure their continued and reliable operation, which entails additional expenses. Government regulations concerning worker safety in automated packaging processes also act as a barrier to the industry’s expansion. Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-15922 Key Takeaways • In 2022, Asia-Pacific was responsible for 38 % of all income. • In terms of revenue, the filling equipment sub segment accounted for 23% of the whole in 2022. • For the period between 2023 and 2033, the pharmaceutical application sector is projected to expand at a CAGR of 9.3 %. • 37.6% of the projected 2022 revenue came from the food processing sector. Competitive Landscape To meet the growing demand from factories around the world, leading companies in the packaging automation market plan to invest in R&D to develop innovative packaging automation systems. As the use of smart factories and industrial automation grows, it is expected that leading companies are likely to release cutting-edge products that are expected to make pick-and-place work more reliable. Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-15922 Key Segments in the Packaging Automation Market By Offering: • Solution • Case Sealers & Erectors • Wrappers • Stretch Wrappers • Flow Wrappers • Shrink Wrappers • Filling • Sleevers & Cartoners • Markers & Labelers • Strappers • Palletizer and Depalletize • Automated Mailer Systems • Case Packers • Vertical/Top Load Case Packer • Wrap-around Load Case Packer • Horizontal/Side Load Case Packer • Others • Others • Services • Consulting • Support & Maintenance • Installation & Training By Automation Type: • Robotic Pick & Place Automation • Secondary Packaging Automation • Tertiary & Palletizing Automation By Industry Vehicle: • Healthcare & Pharmaceuticals • Healthcare & Pharmaceutical Manufacturing Companies • Contract Manufacturing Organizations • E-commerce & Logistics • E-commerce • Contract Packaging • Logistics Companies • Food & Beverage • Automotive • Chemical & Refinery • Aerospace & Defense • Others.