The Global Packaging Automation market is valued at USD 66.68 billion in 2016 and is expected to reach a value of USD 85.36 billion by the end of 2022 , growing at a projected CAGR of 4.20 % during the forecast period of 2017 – 2022 . Packaging is a dominant element in every product design . Consumer goods industries are trying to reduce the time interval between the design of a product and delivery to the point of sale . Ensuring swift packaging is therefore a key to maintaining short time-to-market for consumer products and is a decisive factor in the success of the product .
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Asia-Pacific is the leading market for packaging automation with China and Japan being the major markets in the region . Asia-Pacific and Latin American regions are the fastest growing regions in packaging automation market . Currently , food packaging segment holds the maximum share of the global market followed by beverages . Household and confectionary markets are also growing at a CAGR of 13.00 % and 8.07 % respectively . With increasing globalization of production and the intensely competitive nature of the packaging industry , cost cutting becomes imperative as companies are striving to maximize profits ; but compromising on quality is not an option as the consumers are increasingly being aware and conscious of the products they use . This has created a great need for automation to be employed in packaging .
The research published on packaging automation covers different automation solutions such as filling , labeling , horizontal / vertical pillow , case packaging , bagging , palletizing , capping , wrapping and others . This report elaborates the situation of packaging automation market , and shows its application in end-user markets such as food , pharmaceutical , cosmetic , household , beverages , chemical , confectionary , warehouse and others along with accurate market metrics .
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Drivers : Need for lean & cost effective manufacturing , increased competition among companies in growth markets , and the necessity for equipment with higher operating efficiency and less downtime are the
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