Market Size of APAC Packaging Automation Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.60 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Packaging Automation Market Analysis
The packaging automation market in the Asia Pacific is expected to grow significantly during the forecast period with a CAGR of 7.6%. The key factors driving the market growth are increasing demand for packaging in pharmaceutical, food and beverage, personal care products, and other industries.
- With the recent surge in demand for consumer products, efficient and reliable packaging solutions are an urgent task. One of the most important pillars in the packaging field is the introduction of high-speed and high-performance packaging machines or packaging machines designed to develop a variety of packaging in different sizes, shapes, and materials according to product requirements.
- Moreover, in this region, outlets such as supermarkets, convenience stores, and supercenters are rapidly expanding in the current retail environment, opening up new opportunities for innovation in the packaging industry.
- Additionally, the advent of the highly competitive e-commerce sector is driving the demand for innovative packaging solutions to meet customers growing demand for sophisticated packaging equipment. To meet the needs of a growing market, the packaging machinery industry is rapidly shifting to technology to develop innovative and future-proof packaging solutions. Automated packaging equipment is an effective way to simplify the entire packaging process.
- According to research conducted, the Indian packaging industry accounts for approximately 4% of the global packaging industry. The explosive growth of organized retail and e-commerce offers tremendous potential for future retail growth, but the packaging sector will benefit greatly in the process.
- The COVID-19 pandemic has weakened food security in three key areas such as income loss, channel shifts leading to demand to restructure, and supply disruptions. These issues have affected both low- and high-income in the region.
APAC Packaging Automation Industry Segmentation
Packaging Automation refers to the procedure of packaging a product without the need for human assistance. They can be as simple as automatically forming and sealing cartons to fully automated packaging lines that seal, stack, and unitize entire pallets of goods. The packaging companies mainly focus on products like food, beverage, pharmaceuticals, personal care, warehouses, and more. As part of the study, the market is differentiated by region and market segment. The study also includes Asia Pacific packaging automation leaders with the latest developments and strategies.
APAC Packaging Automation Market Size Summary
The Asia Pacific packaging automation market is poised for substantial growth, driven by the increasing demand across various sectors such as pharmaceuticals, food and beverage, and personal care products. The region's rapid expansion of retail outlets like supermarkets and convenience stores, coupled with the booming e-commerce sector, is creating new opportunities for innovative packaging solutions. The shift towards high-speed and high-performance packaging machines is essential to meet the diverse requirements of modern consumer products. This demand is further fueled by the need for sophisticated packaging equipment that can cater to the evolving preferences of consumers, who are increasingly seeking convenient and health-conscious packaged goods.
Technological advancements, such as the integration of soft robotics and the Industrial Internet of Things (IIoT), are transforming the packaging industry by enhancing efficiency and flexibility. Companies like Bandma in India are leading the charge by adopting automated packaging machines to meet the growing market needs. The focus on sustainable and environmentally-friendly packaging solutions is also gaining momentum, driven by regulatory requirements and consumer awareness. Major players in the market, including Mitsubishi Electric Corporation, Rockwell Automation, and Amcor PLC, are investing in innovation to meet the rising demand for packaging automation. These developments, along with strategic acquisitions and expansions, are shaping the competitive landscape of the Asia Pacific packaging automation market.
APAC Packaging Automation Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Businesses Type
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2.1.1 B2B e-commerce retailers
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2.1.2 B2C e-commerce retailers
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2.1.3 Omni Channel Retailers
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2.1.4 Wholesale Distributors
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2.1.5 Manufacturers
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2.1.6 Personal Document Shippers
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2.1.7 Others
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2.2 By End-User Vertical
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2.2.1 Food
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2.2.2 Pharmaceuticals
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2.2.3 Cosmetics
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2.2.4 Household
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2.2.5 Beverages
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2.2.6 Chemical
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2.2.7 Confectionery
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2.2.8 Warehouse
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2.2.9 Others
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2.3 By Product Type
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2.3.1 Filling
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2.3.2 Labelling
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2.3.3 Horizontal/Vertical Pillow
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2.3.4 Case Packaging
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2.3.5 Bagging
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2.3.6 Palletizing
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2.3.7 Capping
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2.3.8 Wrapping
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APAC Packaging Automation Market Size FAQs
What is the current APAC Packaging Automation Market size?
The APAC Packaging Automation Market is projected to register a CAGR of 7.60% during the forecast period (2024-2029)
Who are the key players in APAC Packaging Automation Market?
Amcor PLC, ULMA Packaging, Rockwell Automation, Misubishi Electric Corporation and Swisslog Holding AG are the major companies operating in the APAC Packaging Automation Market.