According to the report titled ‘Global Packaging Automation Solution Market Size, by Software & service (Software and service), by Function (Case Packaging, Palletizing, Labelling, Bagging, Filling, Capping, Wrapping, and others), by Product Type (Automated Packagers, Packaging Robots and Automated Conveyor & Sortation Systems), by Industry (Food and Beverages, Logistics and Warehousing, Healthcare, Chemical, Retail, Semiconductor and Electronics, Aerospace and Défense, Automotive and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global packaging automation solution market was worth USD 39.61 billion in 2019 and is expected to grow with a CAGR of 8.68% during 2020-2027.
 

Growing e-commerce sector leading to requirement of efficient large scale packaging in short duration is primarily driving the growth of global packaging automation solution market. In fact, the e-commerce industry stood at USD 38.5 billion in 2017, as per the India Brand Equity Foundation (IBEF) and is expected to rise to USD 200 billion by the year 2024. Similarly, according to Statista, sales in the United States' e-commerce & retail market was worth USD 279.727 billion in 2017 and rose to USD 343.15 billion in 2019.
 

For those uninitiated, the process of packaging a product without human assistance or intervention is known as packaging automation. The solution application ranges from individual equipment to full packaging lines.
 

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Rapid adoption of automation solutions across different verticals of the industry is fueling global packaging automation solution market growth. However, hefty capital investment is likely to hinder the industry landscape over the study period.
 

From the regional perspective, global packaging automation solution industry sphere is segmented into Asia Pacific, Latin America, Europe, North America, and Rest of the World. The report claims that North America holds a significant market share currently and is projected to grow further over the forecast period. The regional growth is credited to surging demand for supply chain integration.
 

Meanwhile, Asia Pacific industry is anticipated to accrue modest gains by the year 2027, on account of rapid growth in e-commerce sector.
 

Major contenders impacting global packaging automation solution market dynamics are BEUMER Group GmbH & Co. KG, Kollmorgen Corp., Automated Packaging Systems Inc., Siemens AG, Swisslog Holding AG, Emerson Electric Co., Schneider Electric SE, Mitsubishi Electric Corp., ABB Ltd., and Rockwell Automation Inc.