The packaging industry is being transformed by automation
Automated conveyors and robotic process automation are driving the global Packaging Automation market. Most manufacturers are implementing these automated packaging technologies throughout the supply chain due to a labour shortage and the impact of COVID-19. A wide range of sectors uses packaging machines, which are very prevalent. All products, whether bought by individuals or sold between companies, come in some form of packaging.
As of 2019, the global Packaging Automation market is expected to be valued at an estimated USD 57,788 million.
This growth in the global Packaging Automation market is attributed to the increasing use of advanced packaging technologies in various end-user industries in order to reduce labour costs and boost productivity.
Packing machines have a lower volatility rate than other machinery due to their tight ties to the mass consumption of consumer items including food, beverages, and medications. Growing populations, urbanization, and rising incomes all drive expansion in the packaging machinery business.
In contrast to previous publications, which cover a wide range of businesses, this one focuses on just a few that use packaging equipment. The sub-segments of certain of these businesses are referred to as “applications” (e.g. food, beverage, and tobacco are three applications of food & beverage). Segments of parts and installation services are also included in this study.
The Packaging Automation market is divided into various sub-sectors based on the type of product, the intended use, and the industry in which it is to be found. There are three main types of automated packaging equipment: packaging machines, packaging robots, and automated conveyors, depending on how they are used. Wrapping, form-fill-seal, cartooning, filling, labelling, palletizing, and other applications are some of the subcategories of the market. Food, beverages, healthcare and pharmaceuticals, personal care, e-commerce & logistics, chemicals, and other industries are further subdivided by industry.
Products are packaged for a variety of objectives, including storage, delivery, safety, and aesthetics and protection from the outside environment for sales. Packaging is a technique. Packing can be defined as the science, art, and technology involved in enclosing or safeguarding things to be distributed, stored, sold, or otherwise used. Additionally, packaging refers to the design, evaluation, and manufacturing of packages. Packaging is a coordinated method of preparing items for transport, warehousing, logistics, sale, and end use. “Packaging contains, protects, preserves, transports,” “Packaging informs,” and “Purchases.”
The future of packaging automation is being shaped by five trends.
1. The manufacturer’s focus is on reducing costs.
Recently, the cost of living in Chinese cities has increased dramatically. Because of that, producers are under added pressure to develop cost-saving measures.
Consequently, they’re looking more closely at how automation may be used in their operations. It has also become better at doing a lot of complicated things at low costs.
2. Packaging Automation Equipment Made at Reasonable Prices Is Quickly Adopted
Packaging Automation equipment isn’t only for the biggest organizations with the largest finances. Even small and medium-sized firms can afford it because it’s already being manufactured.
Because of this, it has already been widely accepted.
3. A Boom in the Food and Beverage Industry, as well as Price Competition, is on the Horizon.
Depending on what you read, the food and beverage industry is expected to increase anywhere from 10% to 12% over the next few years. Almost every forecast predicts a significant increase, regardless of the source.
Market demand for functional and nutritional beverages is behind this increase in demand. Sodas containing empty calories are losing popularity, and this trend is expected to continue.
4. More Efficiency Gains Can Be Discovered Using IoT Data.
Simple automation is a good place to start. However, IoT devices will also be used by businesses to gather information. In order to maximize output, we’ll need years to fully comprehend and apply this data.
As a result, you can rest assured that Packaging Automation will continue to expand.
5. Concerns about cyberattacks are really stifling growth.
It’s hard to believe, but Packaging Automation isn’t expanding as quickly as it could. The reason for this is that manufacturers don’t know how to keep their equipment safe from cyberattackers.
Manufacturers overall have some level of comprehension. However, it does not go far enough to ease the anxiety of growth and change.
Despite these concerns, Packaging Automation is still prepared for incredible growth. It’s also worth your company’s time to learn how you can be more productive while spending less money.
It is believed that new technologies like as Cobots and 3D printing, or additive manufacturing will play a big part in the future of packaging as it adapts to changing times and tastes.