The Packaging Automation Market size was valued at $70.94 billion in 2023 and is expected to reach USD 136.98 billion by 2032, growing at a CAGR of 7.59% over the forecast period of 2024-2032. Factors such as increasing demand for efficient and fast operational processes, along with the rise in e-commerce growth and the adoption of advanced robotics and AI technology, are driving adoption of the market. The Packaging Robots segment dominated the market by 2023 due to their efficiency and cost reductions. The Filling segment also dominated due to the growing need for accuracy and speed to fill liquids, powders, and semi-solids. Asia Pacific dominated by the market, accounting for more than 39.1% of total share. North America is predicted to grow steadily due to increased demand for packaged food and beverages.
Source
This post was brought to you by Wrk. Our bot looks for news related to automation and post daily.
