The latest trends in global packaging automation market include the increasing adoption of collaborative robots or cobots, which were identified as the number one trend in packaging automation in 2023. The market is also expected to grow at a CAGR of 5.4 between 2024 and 2032, reaching a value of USD 12283 billion by 2032. The packaging automation market is segmented by product type, including filling, labelling, case packaging, bagging, palletizing, capping, and wrapping. The market is expected to register a moderate-paced CAGR of 8.05 over the forecast period, with demand for packaging automation expected to reach a high of USD 16166 billion by 2033. The market is driven by the fast adoption of new technology and the presence of several manufacturing industries, with Europe being the dominating region. The global packaging automation market size was 618485 million in 2021 and is expected to grow at a CAGR of 8.2 during 2021-2030. Automated machines can help end-users boost the efficiency and productivity of their manufacturing processes, making packaging automation an attractive option for manufacturers. Secondary or exterior packaging is a prime target for automation because it's a continuous and repetitive task.
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