Packaging Equipment Market Size

Packaging Equipment Market Size

Packaging Equipment Market Size exceeded USD 35 billion in 2020 and is projected to expand at over 4% CAGR from 2021 to 2027. The market growth is attributed to the rising demand for automation in the packaging area.

Manufacturers are focusing on adding modern robotic solutions integrated with AI, machine learning & advanced algorithm across the existing conveyor belts to reduce packaging errors. Cam Industrial & Remtech Systems is developing a tailor-made autonomous packaging solution to replace the present packaging process. It eliminates the need to handle sealing bags & manually count the samosas, thus increasing department efficiency. The solution will support the company in increasing its production capacity to cater to a large set of customers in the market.
 

The coronavirus pandemic has slightly affected the global market. The sudden occurrence of the virus has encouraged government authorities to impose stringent lockdown norms & social distancing practices. The introduction of travel regulations has shifted consumer attention toward packaged foods & beverages for daily meals.
 

In addition, the spread of the virus among factory workers has created labor shortage challenges for manufacturers & production houses, impacting the productivity of packaging activities. This factor has encouraged the deployment of advanced packaging equipment to meet the industry demand. The increase in adoption will support packaging equipment growth in the coming years.