The Global Packaging Automation Solutions Market was valued at $33,866 million in 2016, and is expected to reach $58,010 million by 2023, registering a CAGR of 8.2% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to rapid industrialization & surge in manufacturing activities for consumer goods.
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Top Companies
Rockwell Automation, Mitsubishi Electric Corp., Schneider Electric SE, Automated Packaging Systems, Inc., BEUMER Group GmbH & Co., Siemens AG, Swisslog Holding AG, Brenton, PakTech, and SATO Holdings.
The global packaging automation solutions market is expected to witness a significant growth due to rising population and booming industries such as food & beverage, healthcare & pharmaceuticals, and e-commerce & logistics. In addition, these packaging solutions require lesser human intervention, which in turn drives the market growth.
The latest study on the Packaging Automation Solutions market covers a wide range of organizations from different regions. It offers comprehensive information based on market developments, competitions, and challenges faced by the industry. With this, the report also involves the key strategies followed among the market players, major market determinants, and recent trends that help the industry to expand.
Key Findings of the Packaging Automation Solutions Market:
Global packaging automation solutions market is expected to grow at a CAGR of 8.2% during the forecast period, thereby presenting lucrative opportunities for the players in the global industry.
The packaging robots segment is expected to witness the highest CAGR during the forecast period.
Europe is expected to be the highest revenue contributor with $11,630 million in 2016, and is estimated to garner $18,737 million by 2023 at a CAGR of 7.2%.
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