Market Trends of NA Packaging Automation Industry
This section covers the major market trends shaping the North America Packaging Automation Market according to our research experts:
Food and Beverage Industry to Show Significant Growth
- Dynamic variations in food preferences, increasing number of restaurants, fast-food chains, and food delivery apps such as grub hub, caviar, and others enhance the availability to consumers, resulting in strong growth in the food and beverage industry in the North American region.
- In order to accommodate these surging expectations, the packaging equipment industry is rapidly turning to technology to develop innovative solutions for future-ready packaging and to evolve processing, production, and supply chain model.
- For instance, in 2020, PGP International's California plant implemented a new automated packaging line to make flour packing in valve bags quicker, safer and more power-efficient. The automated packaging equipment features a high-speed filling process, in-line ultrasonic sealing capacity, and automated palletization and stretch-wrapping facilities, to ensure stability and safety of the packaged product, even during transit.
- According to the Robotic Industries Association and Association for Advancing Automation, orders of robotic systems by food and consumer goods manufacturers grew by 56% in 2020. Industry statistics-released by the Robotic Industries Association (RIA), part of the Association for Advancing Automation -show that North American companies ordered 31,044 robotic units, valued at USD 1.572 billion in 2020.
- The increased adoption of automation in the packaging industry will not only boost the efficiency of packaging lines, but also open up new opportunities, paving the way to a more digitized future for packaging equipment during the forecast period.
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United States to Hold a Significant Market Share
- The United States is one of the fastest-growing packaging markets in North America. The presence of large packaging companies, such as Amcor Ltd, Mondi PLC, etc., drives investments for innovation and R&D activities in the country.
- Historically, the United States has been among the early adopters of technology in the industrial sector. The current shift towards industry 4.0 is further driving the adoption of technologies such as automation, AI, and IoT in the manufacturing sector.
- Furthermore, the United States boasts of a strong export base of packaging machinery, which has contributed to its growth. Companies like Bosch Packaging Services have expanded their businesses by investing in various packaging sectors, such as confectionery, bakery, fresh food, frozen food, and pharmaceutical.
- Recently, the govt of the United States has announced several initiatives to strengthen the manufacturing sector, which is in the midst of the worst economic downturn since the Great Depression, which includes an investment worth USD 300 billion in R&D and advanced technology such as automation which has been the catalyst for the economic growth in the U.S.
- All these initiatives combined with the willingness of the industrial sector in the United States towards increased adoption of technology are expected to drive the growth of the packaging automation industry during the forecast period.
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