APAC Packaging Automation Market Size

APAC Packaging Automation Market Analysis

The packaging automation market in the Asia Pacific is expected to grow significantly during the forecast period with a CAGR of 7.6%. The key factors driving the market growth are increasing demand for packaging in pharmaceutical, food and beverage, personal care products, and other industries.

• With the recent surge in demand for consumer products, efficient and reliable packaging solutions are an urgent task. One of the most important pillars in the packaging field is the introduction of high-speed and high-performance packaging machines or packaging machines designed to develop a variety of packaging in different sizes, shapes, and materials according to product requirements.
• Moreover, in this region, outlets such as supermarkets, convenience stores, and supercenters are rapidly expanding in the current retail environment, opening up new opportunities for innovation in the packaging industry.
• Additionally, the advent of the highly competitive e-commerce sector is driving the demand for innovative packaging solutions to meet customers growing demand for sophisticated packaging equipment. To meet the needs of a growing market, the packaging machinery industry is rapidly shifting to technology to develop innovative and future-proof packaging solutions. Automated packaging equipment is an effective way to simplify the entire packaging process.
• According to research conducted, the Indian packaging industry accounts for approximately 4% of the global packaging industry. The explosive growth of organized retail and e-commerce offers tremendous potential for future retail growth, but the packaging sector will benefit greatly in the process.
• The COVID-19 pandemic has weakened food security in three key areas such as income loss, channel shifts leading to demand to restructure, and supply disruptions. These issues have affected both low- and high-income in the region.