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Packaging Robots is Set to Grow US$ 7.5 Billion by 2032 at a CAGR of 8%

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Archives, Global Logistics, Global Trade Daily, Uncategorized

Packaging Robots is Set to Grow US$ 7.5 Billion by 2032 at a CAGR of 8%

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According to data from Fact.MR, the global packaging robots market is on a significant growth trajectory, expected to surge from US$3.8 billion in 2022 to US$7.5 billion by 2032. This growth is projected to maintain a robust compound annual growth rate (CAGR) of 7% over the period spanning from 2022 to 2032.

Packaging robots, characterized by their adaptability, are engineered to efficiently handle labor-intensive tasks with speed and cost-effectiveness. Featuring integrated controls, user-friendly interfaces, and advanced software and sensors, these robots are designed for easy operation. Their key advantages lie in their flexibility, precision, and reliability. Tasks such as picking and placing, boxing, palletizing, and warehousing are within their versatile capabilities.

Many companies opt for packaging robots due to their ability to enhance supply chain efficiency, improve packaging effectiveness, and reduce operational costs. These robots utilize appropriate end-of-arm tooling to complete various packing operations. They are available in different sizes, payloads, reaches, and mounting configurations, making integration into different workspaces straightforward. 

Key Takeaways from Market Study

·         The global packaging robots market is slated to reach US$ 7.5 billion by 2032.

·         Sales of clamp grippers are expected to increase at a CAGR of 6% from 2022 to 2032

·         Market in Germany is estimated to develop at a CAGR of 4% through 2032.

·         Market in Japan is anticipated to evolve at a CAGR of 3.5% over the forecast period (2022-2032).

Vacuum grippers utilize suction force generated by a vacuum to perform various tasks, such as installation, packaging, and material handling. In the food and beverage sector, manufacturers are increasingly transitioning from traditional assembly line methods to fully automated assembly lines to produce both standard and customized packaging. 

This shift towards automation highlights the adoption of packaging robots equipped with vision capabilities, which are particularly preferred for assembly line operations. Employing packaging robots in these processes ensures superior quality, responsiveness, reliability, and precision for both primary and secondary applications.

Market Segmentations:

·         By Gripper Type: Claw, Clamp, Vacuum, Others

·         By Packaging Type: Primary Packaging, Secondary Packaging, Tertiary Packaging

·         By Application: Food & Beverages, Pharmaceuticals, Consumer Products, Logistics, Others

·         By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Competitive Landscape

Top companies in the packaging robots market plan to conduct research and development initiatives to create unique robotic packaging systems to meet the increased demand from factories throughout the world. Key companies are anticipated to release advanced products to provide a reliable pick-and-place operation at work as smart factories continue to evolve and industrial automation is used.

In 2020, one of the biggest manufacturers of robots, Fanuc Corporation, introduced the R-2000id robot with cable-integrated technology. This robot has advanced features including picking and positioning and auto checking in addition to packaging.

Winning Strategy

Key market players are concentrating on growing their customer base internationally. Top suppliers are providing advanced robotic machines that may be used for simultaneous picking, palletising, and packing tasks.

In 2020, Bosch Packaging Technology’s German-based packaging machinery division was acquired by Syntegon Technology.

More Valuable Insights on Offer

Fact.MR presents an analysis of the global packaging robots market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

 The study divulges essential insights on the market on the basis of gripper type (claw, clamp, vacuum, others), packaging type (primary packaging, secondary packaging, tertiary packaging), and application (food & beverages, pharmaceuticals, consumer products, logistics, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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Archives, Global Logistics, Global Trade Daily, Market insight

Industrial Packaging Market Set to Reach $107 Billion by 2033

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The global industrial packaging market is valued at US$ 70 billion in 2023. Projections indicate that sales of industrial bulk packaging solutions are expected to reach US$ 107 billion by 2033, with a compounded annual growth rate (CAGR) of 4.3% over the next decade.

The industrial packaging market is closely tied to worldwide import and export activities. Increased demand for products like pails and drums is observed across various heavy manufacturing sectors. Additionally, intermediate bulk containers (IBCs) and material handling containers are finding applications in logistics and the short-distance transportation of goods.

Numerous industries, including lubricants, paints & inks, chemicals, pharmaceuticals, and food & beverages, extensively utilize rigid plastic IBCs. The Rigid Immediate Bulk Container Association (RIBCA) in North America serves the preferences of corporations, firms, and individuals involved in the assembly or production of rigid bulk containers.

In recent years, heightened awareness regarding the adverse impacts of plastic has brought about significant changes in the packaging solutions industry. Government authorities, NGOs, and associations are actively undertaking initiatives such as awareness campaigns to educate about the harmful effects of plastics. This concerted effort has spurred the development of environmentally friendly industrial packaging products.

Key Insights from Market Analysis

  • Anticipated sales of industrial packaging are set to achieve US$ 107 billion by the end of 2033.
  • The Japanese market is projected to advance at a Compound Annual Growth Rate (CAGR) of 2.5% until 2033.
  • The global industrial packaging sector is valued at US$ 70 billion in 2023.
  • The overall global market is expected to witness growth at a CAGR of 4.3% until 2033.
  • Sales of industrial packaging in the German market are poised to experience an increase at a CAGR of 3.2% through 2033.

Key Trends:

In recent years, the industrial packaging sector has experienced a significant paradigm shift, marked by a heightened emphasis on sustainability and environmentally friendly practices. A surge in interest towards biodegradable, recyclable, and reusable materials reflects a broader commitment to environmental responsibility. Simultaneously, the industry has witnessed a transformative integration of automation and Industry 4.0 technologies, aimed at optimizing packaging processes, reducing labor costs, and enhancing overall operational efficiency. This technological evolution signifies a forward-looking approach within the industrial packaging landscape.

The dynamic landscape of industrial packaging has also been shaped by the relentless growth of e-commerce. Packaging solutions now need to ensure not only product protection during shipping but also deliver a positive unboxing experience for consumers. This shift in priorities is indicative of the industry’s responsiveness to changing market dynamics. Moreover, industrial packaging has moved towards greater customization, with a focus on meeting the unique needs and branding preferences of individual companies. The rise of digital printing technology has further facilitated this trend, allowing for shorter print runs, faster turnaround times, and the creation of highly detailed and customizable packaging designs. As the industry grapples with regulatory compliance challenges and navigates supply chain disruptions, it is evident that the industrial packaging sector is evolving in response to a complex interplay of environmental, technological, and market-driven factors.

Key Companies Profiled

  • Amcor Ltd.
  • Bemis Co., Inc.
  • Grief, Inc.
  • International Paper Company
  • Orora Ltd.
  • Sigma Plastics Group
  • WestRock Company
  • Mondi PLC

Competitive Strategies in Industrial Packaging:

  1. Mondi Group’s Investment in Hungary (June 2020): Mondi Group invested EUR 7 million in its Nyregyhaza facility, Hungary, enhancing its paper sack production capabilities. The investment focused on cutting-edge technology to elevate service standards, efficiency, and the quality of high-end paper sacks for food applications.
  2. Greif Inc.’s North America IBC Network Expansion (April 2020): Greif Inc. strengthened its North American IBC reconditioning network by acquiring a minority stake in Centurion Container LLC. This strategic collaboration aimed to enhance Greif’s capacity to provide sustainable packaging solutions, contributing to its competitive positioning.
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Archives, Global Logistics, Global Trade Daily

Food Packaging Technology and Equipment Market Size to Reach USD 74,230 Million By 2032

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The global food packaging technology and equipment market size anticipated to surge from USD 39,900 million in 2022 to reach USD 74,230 million by 2032, registered at 6.4% CAGR between 2023 and 2032.

Report Highlights: Important Revelation

  • Food packaging tech & equipment market valued at USD 74,230 million (2032).
  • North America’s leadership weaved into the fabric of food packaging technology and equipment.
  • Europe’s progressive approach to sustainable innovation in food packaging technology and equipment.
  • Advancements in material trends for food packaging.
  • Developments in active and smart technologies transforming food packaging technology.

The global food packaging technology and equipment market size to surpass USD 61,550 million by 2029. The food packaging technology and equipment market refers to the industry that involves developing, producing, and distributing technology and machinery used in packaging food products. This market plays a crucial role in ensuring food items’ safety, quality, and preservation from the point of production to the end of consumption.

The global packaging sector has experienced consistent expansion, driven by an annual average growth of 25% in cross-border e-commerce transactions. This surge is attributed to exploring new markets and the increasing prosperity of the global middle-income demographic. This intricate interplay of elements underscores the critical importance of the food packaging technology and equipment market in facilitating food products’ seamless and secure movement from production facilities to consumers, ultimately ensuring that these items meet the highest safety standards, quality, and environmental responsibility.

For Instance, 

  • In May 2023, Syntegon unveils four devices for the most popular vertical form, fill, and seal applications across different food industries with its newly created SVX series.

North America’s Leadership Weaved into the Fabric of Food Packaging Technology and Equipment

Within the intricate tapestry of the food packaging technology and equipment market, regional dynamics emerge as a defining factor, shaped by a confluence of economic, technological, and consumer-centric considerations. As of the current landscape, North America stands prominently as a leading region in this dynamic market, its pre-eminence underpinned by a combination of factors that collectively contribute to its robust market position.

Stringent regulatory frameworks further elevate North America’s status within the food packaging technology and equipment market. Regulatory measures designed to ensure the safety and integrity of packaged food products foster an environment where adherence to high-quality standards is imperative. The rigorous regulatory landscape compels industry players to invest in state-of-the-art packaging technologies and equipment that comply with existing standards and position North American products as exemplars of safety and quality on the global stage.

For Instance,

  • In October 2021, ATS Packaging Machinery launched a new line of capping machines for food and beverage applications.

For Instance,

  • European company Ahlstrom and The Paper People, a sustainable packaging manufacturer, collaborate to produce fibre-based frozen food packaging.

Its unwavering dedication to technological innovation further fortifies the European market’s influence. A hotbed of research and development, Europe continually pushes the boundaries of food packaging technology, setting benchmarks for the global industry. Investments in cutting-edge technologies, including advancements in intelligent packaging, active packaging, and materials science, position European companies at the forefront of innovation. This proactive pursuit of technological excellence enhances the efficiency of food packaging processes and ensures that European products meet the highest safety, quality, and traceability standards.

Advancements in Material Trends for Food Packaging

The tides of industry preference are undergoing a noteworthy shift, fueled by an escalating global consciousness towards environmental sustainability. In response to mounting environmental concerns, there is a discernible surge in the exploration and adoption of sustainable alternatives, marking a departure from the conventional reliance on plastic. Biodegradable plastics, heralded for their capacity to disintegrate naturally and reduce environmental impact, have gained traction as a promising substitute. This shift reflects a conscientious effort within the industry to mitigate the ecological footprint associated with traditional plastic packaging.

For Instance,

  • In May 2022, Trioworld introduced the first plastic film approved for frozen food packaging—post-consumer recycled (PCR) film.

Furthermore, a rising momentum favours paper-based packaging, gaining prominence for its biodegradability and recyclability. Paper, a renewable resource, aligns with the growing consumer preference for eco-friendly packaging solutions, providing a viable alternative to mitigate concerns associated with non-biodegradable materials. The versatility of paper in accommodating various printing techniques for branding and information purposes adds an extra layer of appeal for manufacturers and consumers alike.

Developments in Active and Smart Technologies Transforming Food Packaging Technology

Simultaneously, the emergence of intelligent packaging technologies represents a paradigm shift in how food products are monitored and managed throughout the supply chain. Notable components of innovative packaging include QR codes, Near Field Communication (NFC), and sensors. Ubiquitous in retail, QR codes now find application in food packaging by providing consumers instant access to comprehensive product information. This includes details about the product’s origin, ingredients, nutritional facts, and interactive content. NFC technology, facilitating communication between devices in proximity, enhances traceability by allowing consumers to engage with products through their smartphones. These technologies contribute to greater transparency in the supply chain, enabling consumers to make informed choices about the products they purchase. Retailers of food estimate that 31 per cent of food products are thrown out because they decay, resulting in losses of US$146 billion. In the case of counterfeit products, innovative packaging might help prevent losses exceeding US$460 billion.

Sensors embedded in intelligent packaging play a critical role in real-time monitoring, offering a proactive approach to quality and safety assurance. These sensors can measure and transmit data on various parameters such as temperature, humidity, and freshness. For example, in the perishable goods sector, temperature sensors ensure that the cold chain is maintained, preventing spoilage and preserving the integrity of the products from production to consumption. Real-time monitoring facilitated by these sensors enhances supply chain efficiency and enables swift responses to deviations from optimal storage conditions, minimizing compromised products reaching consumers.

For Instance,

  • In October 2021, the technology company GEA launched a new food and dairy powder or granule packing range. The new GEA SmartFil M1 has been designed to accommodate various filling configurations for low-capacity applications, catering to the different needs of the food, dairy, and pet food industries.

The advancements in food packaging technology, particularly in active and intelligent packaging technologies, signify a transformative era for the industry. These innovations address critical product shelf life and quality challenges and pave the way for a more transparent and consumer-centric food supply chain. As technology continues to evolve, integrating these solutions is poised to become increasingly sophisticated, further elevating the standards of safety, quality, and efficiency in the food packaging sector.

For Instance,

  • In May 2022, MULTIVAC Group launched the R3 thermoforming packaging machine for the food industry. It is designed to be a cost-effective and sustainable packaging machine for the future.

Revolutionizing Packaging Efficiency with Vertical Form Fill and Seal Machines

Vertical Form Fill and Seal (VFFS) packaging machines have become indispensable across diverse industries, and their widespread adoption is rooted in their efficiency and cost-effectiveness. These machines prove to be optimal packaging solutions, maximizing the utilization of limited factory floor space.

Browse More Insights of Towards Packaging:

  • The global recyclable packaging market size accounted for USD 28.7 billion in 2022 and it is predicted to hit around USD 46.15 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.
  • The global pharmaceutical packaging market size is estimated to grow from USD 117.23 billion to reach an estimated USD 322.50 billion by 2032, growing at a CAGR of 10.7% from 2023-2032.
  • The e-commerce packaging market size is estimated to grow from USD 51,248 million in 2022 to reach an estimated USD 2,42,061 million by 2032, at a growing CAGR 16.8% from 2023 to 2032.
  • The global pharmaceutical temperature-controlled packaging solutions market size was valued at USD 578.9 million in 2022 and is predicted to reach around USD 945.2 million by 2030, growing at a 6.30% CAGR from 2022 to 2030.
  • The global protective packaging market size has reached USD 30,904.05 million in 2023 is expected to reach USD 46,243.03 million by 2032, at CAGR of 4.6% from 2023 to 2032.

For Instance,

  • In November 2023, SEE has unveiled the introduction of the CRYOVAC CE Vertical Form-Fill-Seal System. It is cutting-edge automated packaging solution is meticulously crafted to address the distinctive needs of liquid products.

Competitive Landscape

The food packaging technology and equipment market is characterizing characterized competition among key industry players, including Arpac LLC, Oyster Holding GmbH, Bosch Packaging Technology, GEA Group, Coesia Group, Innovia Filmckner Pentaplas, Ishida Co. Ltd, MULTIVAC Group, Omori Machinery Co. Ltd., Nichrome India Ltd., Robert Bosch GmbH, Lindquist Machine Corporation, and IMA Group. These entities are making significant investments in manufacturing Food Packaging Technology and Equipment solutions. Notably, industry leaders are adopting inorganic growth strategies such as acquisitions, mergers, partnerships, and collaborations to augment their product portfolios, thereby contributing to the global expansion of the Food Packaging Technology and Equipment market.

Major Key Players in the Food Packaging Technology Market Include:

  • Arpac LLC
  • Oyster Holding GmbH
  • GEA Group
  • Bosch Packaging Technology
  • Coesia Group
  • Innovia Filmckner Pentaplas
  • Ishida Co. Ltd
  • MULTIVAC Group
  • Nichrome India Ltd.
  • Robert Bosch GmbH
  • Omori Machinery Co. Ltd.
  • Lindquist Machine Corporation
  • IMA Group

Recent Developments

  • In March 2023, Cepac, the UK’s most inventive and active corrugated packaging company, purchased EW Cartons, a sustainable corrugated tray manufacturer.
  • In May 2023, Amcor, a leader in developing and producing sustainable packaging solutions globally, said that it had finalized a deal to purchase Moda Systems, a top producer of automated, cutting-edge protein packaging equipment.
  • In August 2023, The Oregon-based GEM Equipment, which produces fryers and blanchers, was acquired by the international freezing and cooling equipment manufacturer FPS Food Process Solutions.
  • In August 2023, The UK-based food company Regal Food Products Group announced that it acquired Packaging ‘R’ Us, a supplier of disposable food packaging solutions.
  • In December 2023, The Packaging Development Centre, worth US$10.8 million, was officially opened by SIG on the location of the company’s packaging facilities in Linnich, Germany.

Report Source – https://www.towardspackaging.com/insights/food-packaging-technology-and-equipment-market-size

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Archives, Global Logistics, Global Trade Daily, Technology

AI in the Packaging Market To Hit $ 5,375.28 Mn by 2032

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The global market for artificial intelligence in packaging is poised for unprecedented growth. This article explores the astounding journey, projecting a remarkable surge from USD 2021.3 million in 2022 to an estimated USD 5,375.28 million by 2032, boasting a robust CAGR of 10.28% during the transformative period of 2023-2032.

The packaging industry is not an exception to how artificial intelligence (AI) is changing various industries. AI has emerged as a game-changer in the packaging industry due to the growth of e-commerce, shifting consumer demands, and the need for effective and sustainable packaging solutions. Numerous aspects of packaging, including design, production, quality assurance, and supply chain optimization, are being revolutionized by this technology.

Riding the Waves: Factors Fueling AI in Packaging Expansion

  1. Technological Advancements Propelling the Momentum

In the ever-evolving realm of packaging, technological strides serve as the driving force behind the exponential rise. AI, with its innovative applications, is reshaping the packaging landscape by enhancing efficiency, accuracy, and adaptability.

  1. CAGR Unveiled: A Closer Look at Compounded Annual Growth

Delving into the numbers, the Compound Annual Growth Rate (CAGR) of 10.28% acts as the heartbeat of this thriving market. This steady ascent signifies sustained progress, highlighting the industry’s resilience and adaptability over the forecasted decade.

AI is greatly enhancing the packaging industry’s manufacturing procedures. Intelligent systems with computer vision capabilities can quickly and accurately find flaws or inconsistencies in packaging materials. This prevents waste and lowers the possibility of product recalls by guaranteeing that only high-quality packaging reaches the market. AI algorithms can also optimize packaging arrangements, maximizing material use and reducing excess packaging, which results in cost savings and improved sustainability.

AI is also advancing the packaging industry’s efforts to be environmentally friendly. Companies are increasingly looking for eco-friendly packaging solutions as environmental concerns rise. AI algorithms can evaluate the ecological effects of various packaging materials, assisting businesses in selecting environmentally friendly packaging options. AI can help packaging designs be optimized to use the least amount of material while maintaining product integrity, resulting in less waste and a smaller carbon footprint.

Unveiling the Future of Packaging Inspection: Exploring AI-Powered Vision Systems

Artificial Intelligence (AI) has been playing a significant role in driving sustainable packaging practices. One notable example is the application of AI by Amazon to optimize packaging and reduce product damage. Leveraging a machine learning model, Amazon analyses real-world customer complaint data to identify patterns and improve packaging materials for various products purchased through their online platform.

The Packaging Industry is Being Revolutionized by Artificial Intelligence

The packaging industry is changing due to artificial intelligence (AI), fuelled by several important factors. The adoption of AI technologies is a result of the increased demand for effective packaging solutions caused by the growth of e-commerce. Intelligent algorithms improve order fulfilment accuracy and waste reduction in e-commerce fulfilment centers’ packaging processes. Incorporating AI in packaging is also influenced by shifting consumer demands and preferences. AI algorithms analyze consumer data to create personalized packaging experiences and increase brand loyalty. Concerns about sustainability are pushing businesses to use AI to improve packaging designs, use less material, and have a more negligible environmental impact.

The Role of the Food and Beverage Industry in Propelling Future Innovations

The food and beverage industry represents a significant artificial intelligence (AI) adoption market. This sector is fuelled by robust expansion in emerging markets like Asia Pacific, Africa, and Latin America.

Within this rapidly evolving market landscape, AI technologies offer valuable opportunities for optimizing supply chain management. By enhancing tracking capabilities throughout the supply chain, AI enables companies to elevate product quality control measures before reaching customers. This facilitates improved monitoring, traceability, and overall visibility, enhancing efficiency and customer satisfaction.

North America’s Continued Dominance in the Global Market: Projections and Outlook

Between 2023 and 2032, North America is projected to maintain its dominance in the global market. The region’s growth is propelled by the rising adoption of AI technologies within the packaging industry and the establishment of collaborative efforts between public and private entities to introduce cutting-edge machinery. The convergence of high-end technologies like artificial intelligence (AI) and the Internet of Things (IoT) has garnered significant interest across various industrial sectors, driving increased demand for advanced packaging solutions among integrated device manufacturers (IDMs) and foundry suppliers.

Machine Learning Takes the Lead in Uncovering the Fastest-Growing Market Segment in the AI Landscape

The market for artificial intelligence (AI) in packaging is segmented into machine learning (ML), machine vision, and other categories. Among these segments, ML is projected to experience the highest growth from 2023 to 2032. This growth is primarily driven by the increasing demand for ML in various areas such as data labelling, process automation, and content inspection within product quality assurance and quality control (QA/QC) processes. Ensuring accurate labelling of products is crucial to avoid inspection failures, customer dissatisfaction, and potential profit loss.

Unleashing the Potential: AI-Powered Recycling Systems Transforming Packaging Sustainability

Both consumers and manufacturers have become increasingly aware of the ecological consequences of improper material recycling practices. With the world producing over 2.1 billion tons of garbage annually, only about 16% is being recycled. This alarming statistic highlights the urgent need for concerted efforts to improve recycling rates and reduce the environmental impact of waste accumulation.

As sustainability becomes a key focus for businesses and individuals alike, proper material recycling is gaining prominence. Recognizing the ecological cost of neglecting responsible recycling practices, stakeholders are actively seeking innovative solutions to tackle this global challenge. From a business perspective, embracing efficient and effective recycling strategies aligns with environmental goals and enhances brand reputation and consumer trust.

Comparative landscape

The comparative landscape of Artificial Intelligence (AI) in the Packaging Market comprises various players that contribute to developing and adopting AI technologies in the packaging industry. Market leaders in this landscape are established companies with a strong market presence, advanced AI technologies, and a wide range of AI-enabled packaging solutions. These companies set industry standards and drive innovation in the market. On the other hand, emerging startups bring fresh ideas and unique approaches to packaging automation, optimization, and customization, focusing on niche markets or specific packaging applications. Technology providers specialize in developing and providing AI tools, platforms, and software solutions for the packaging industry, offering AI algorithms, machine learning models, computer vision systems, and data analytics tools. Packaging equipment manufacturers integrate AI capabilities into their machinery to enhance performance, reliability, and automation. Research and consulting firms provide market analysis, strategic insights, and advisory services related to AI adoption in packaging. Collaborative partnerships between packaging companies and AI technology providers aim to combine packaging expertise with AI capabilities, fostering knowledge exchange and mutual innovation.

Key Market Players

  • SIG Combibloc
  • Tetra Pak
  • Stora Enso
  • Metsä Board
  • Ardagh
  • Sealed Air
  • Mondi
  • Berry Global
  • WestRock
  • Verallia
  • DS Smith
  • Georgia-Pacific. Amazon
  • Microsoft
  • GE Digital
  • ABB
  • Otto Motors
  • Universal Robots
  • Clarifai
  • Neurala

Report Source – https://www.towardspackaging.com/insights/artificial-intelligence-in-packaging-market

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E-Commerce Packaging Market Projected to Surge at 16.8% CAGR, Reaching USD 2,42,061 Million by 2032

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The e-commerce packaging market, once valued at USD 51,248 million in 2022, projection indicate an impressive CAGR of 16.8% from 2023 to 2032, culminating in an estimated market value of USD 2,42,061 million by the latter year.

The emergence of the e-commerce industry and the expanding population with access to fast and reliable internet has unlocked significant market potential in e-commerce packaging. Additionally, due to growing environmental concerns surrounding the biodegradation of plastic materials, more companies are now prioritizing the development of 100% organic and reusable packaging solutions. The excitement and convenience of online shopping, where products can be delivered quickly and at competitive prices, further fuels the growth of the e-commerce packaging market. Furthermore, the growing demand for packaged food and beverages creates new opportunities within the sector. Other contributing factors include:

  • The increased popularity of purchasing electronic goods online.
  • The importance of sustainable packaging solutions.
  • Evolving customer preferences.
  • The ease of online shopping.
  • The overall rise in internet and mobile device usage.

Regional Strategies for E-Commerce Packaging Success: Lessons from Leading Markets

The Asia-Pacific region emerged as a dominant force in the global e-commerce packaging market in 2020, accounting for over half (approximately 52%) of the market value. This share represents a significant increase from the previous five years, highlighting the remarkable strides made in e-commerce within major Asian markets like China, Japan, and South Korea. These countries, known for their robust economies and technological advancements, have established themselves as some of the world’s largest and most developed markets for e-commerce packaging. Online shopping has become deeply ingrained in the culture, contributing to the region’s dominance. 

Corrugated Boxes: Driving Profitability in the Global E-Commerce Packaging Industry

In the context of e-commerce, the efficiency and speed of the packing process are crucial for success. Online retailers often face the challenge of packing items of various sizes, requiring specialized packaging solutions that can be ordered in specific quantities and stored accordingly. Fanfold corrugated board offers an efficient and flexible solution by providing one type of packaging that can accommodate different products. Fanfold corrugated board is pre-scored, making it easy to manually fold and pack around items. It is also compatible with packaging machines and conveyor belts, allowing for streamlined and automated packing processes. The board is stored in a zigzag fold on a pallet, enabling packers to take only the required amount of board for each packaging case.

Popular Insights – 

This approach offers several advantages for e-commerce retailers:

  • It eliminates the need to stock multiple types of packaging for various product sizes, simplifying inventory management.
  • The versatility of fanfold corrugated board allows for quick adaptation to different product dimensions, reducing packing time and increasing operational efficiency.
  • The compatibility with packaging machines and conveyor belts facilitates integration into existing packing systems, further enhancing productivity.

Comparative landscape

The competitive landscape analysis of the e-commerce packaging market comprehensively assesses each competitor’s strategic position. The analysis includes in-depth information on various aspects of the company, such as its background, financial performance, revenue generation, research and development investments, market potential, and global presence. Additionally, details about the company’s production sites and facilities, production capacities, and strengths and weaknesses are highlighted. The analysis also covers insights into the company’s product portfolio, including product width and breadth, application dominance, and recent product launches. It is important to emphasize that the provided information focuses explicitly on the companies’ activities and strategies within the e-commerce packaging market, enabling businesses to thoroughly understand their competitors’ positioning and capabilities.

Major Key Players in E-Commerce Packaging Market Are: 

Amcor plc; Berry Global, Inc.; CCL Industries; Coveris; Sealed Air; Sonoco Products Company; Winpak Ltd.; Alpha Packaging; Constantia Flexibles Group GmbH; Mondi plc; Gerresheimer AG; Silver Spur Corp. Grief; Transcontinental Inc.; ALPLA

Recent Development

  • In 2022, Amcor, a leading sustainable packaging solutions provider, introduced the AmFiberTM platform, a range of paper-based packaging products. The AmFiber platform exemplifies Amcor’s dynamic innovation strategy, enabling us to deliver cutting-edge packaging technology tailored to our customer’s specific needs, utilizing the most suitable materials available in the market.
  • In July 2022, Reckitt introduced a minimalist e-commerce packaging solution for its brand Vanish. Understanding the evolving needs of online shoppers, Reckitt leveraged its packaging and product design expertise to launch Vanish Multipower Tabs, a new addition to its e-commerce portfolio alongside Vanish Miracle. These Multipower Tabs have explicitly been developed as a compressed powder alternative to the brand’s leading product, allowing minimal packaging. The innovative Shipped in a Personal Container (SIOC) format eliminates the requirement for an outer pack during online order fulfilment, substantially reducing packaging materials. This initiative showcases Reckitt’s commitment to sustainable practices and meeting the demands of digital consumers.
  • In May 2022, Mondi, a globally recognized leader in sustainable paper and packaging, joined forces with Beck Packautomaten, a reputable German machine supplier, to unveil a robust and highly adaptable paper-based packaging solution exclusively designed for the thriving e-commerce industry. Leveraging Mondi’s expertise, the solution incorporates 95% paper content and adheres to strict recycling standards across all European paper waste streams. Known as FunctionalBarrier Paper, this advanced packaging material is a viable substitute for unnecessary plastic packaging, guaranteeing secure and sustainable shipment deliveries in precisely tailored packaging dimensions. This collaborative endeavour exemplifies Mondi’s unwavering commitment to environmental stewardship and its relentless pursuit of delivering eco-conscious packaging solutions that cater to the unique needs of the e-commerce sector.

Report Source: https://www.towardspackaging.com/insights/e-commerce-packaging-market

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Archives, Global Trade Daily, Market insight

Industrial Packaging Market Revenue Will Grow 4.3% from 2023 to 2033, Identifies Fact.MR

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According to a recently published research report by Fact.MR, a provider of market research and competitive intelligence, the projected value of the industrial packaging market is US$ 107 billion for 2033. Worldwide demand for industrial packaging solutions is likely to increase at a CAGR of 4.3% through 2033.

The market for industrial packaging highly depends on global export and import activities. Various products such as pails and drums are experiencing increased demand from different heavy manufacturing industries. Further, intermediate bulk containers (IBCs) and material handling containers also find application in logistics as well as the short-distance transportation of goods.

Get To Know More: https://www.factmr.com/report/industrial-packaging-market

Various industries such as lubricants, paints & inks, chemicals, pharmaceuticals, and food & beverages use rigid plastic IBCs on a large scale. The RIBCA (Rigid Immediate Bulk Container Association) of North America caters to the choices of corporations, firms, and persons that are engaged in assembling or manufacturing rigid bulk containers.

In the past few years, rising awareness about the harmful effects of plastic has led to noticeable changes in the industry of packaging solutions. Many initiatives such as awareness campaigns are being undertaken by government authorities, NGOs, and associations to spread awareness about the harmful effects of plastics. This has resulted in the innovation of environment-friendly industrial packaging products.

Key Takeaways from Market Study

  • Sales of industrial packaging are likely to reach US$ 107 billion by 2033-end.
  • The market in Japan is expected to progress at a CAGR of 2.5% through 2033.
  • The global industrial packaging industry is worth US$ 70 billion in the year 2023.
  • The global market is likely to expand at a CAGR of 4.3% through 2033.
  • Sales of industrial packaging in the market in Germany are likely to increase at a CAGR of 3.2% through 2033.

“Increasing utilization of shipping containers across different end-use industries is estimated to drive market growth,” says a Fact.MR analyst.

Winning Strategy

According to the constantly changing demand for recyclable and sustainable industrial packaging products, companies are launching innovative and new products in the market.

For instance,

  • The refuse sack business of Berry Global in the U.K. launched a new range of products with high strength in May 2022. These products are made from recycled plastics.
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Countdown to Industrial Pack 2019

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From March 27-28, visitors of this year’s Industrial Pack event will also benefit from Design-2-Part, as the events confirmed co-locating at the Cobb Galleria Centre in Atlanta. The strategic events will provide an extensive variety of solutions covering all aspects of manufacturing and packaging supply chain solutions.

“Co-locating our two events will bring high-value to visitors working in the manufacturing and packaging supply chain. Visitors to Design-2-Part will be able to go next door to Industrial Pack to find solutions that protect, package and ship their products. It will be a unique one-stop-shop experience,” said Tim Rusbridge , Event Manager, Industrial Pack.

Visitors are encouraged to utilize the opportunity to visit the largest design and contract manufacturing trade show, Design-2-Part, and join the 150 exhibitors from the top industrial packaging suppliers at Industrial Pack’s exclusive event.

Industrial Pack is the only event focusing on industrial, transit, reusable, and protective packaging sector. Join leaders in packaging innovation during the Industrial Pack Awards, an evening dedicated to honoring business innovations.

Additionally, don’t miss the event’s Pack Testing LIVE networking opportunity and the Conference Program featuring industry experts speaking on topics in the industry. The best part? Both events are free to attend!

Register today and get ready for two stellar events packed with information and networking.

Archives, Executive Education, Global Trade Daily

Last Call: Industrial Pack 2019

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All industrial, transit, and protective packaging  professionals that aren’t already registered for North America’s only packaging solutions trade event have less than a month to do so!

Don’t miss out on this year’s two-day event packed with expert knowledge on topics including compliance, new customer acquisitions, hazardous material handling, industry trends, and more.

Industrial Pack’s  unique event will kick-off at 10 a.m. March 27 at the Cobb Galleria Centre in Atlanta. Don’t forget: The event is free!

This year’s list of impressive speakers include topic experts Kyle Stavig, Janice Loppe, Chris Lind, Paul Griffin, and Aaron Montgomery – to name a few.

Industrial Pack’s  extensive speaker lineup will leave spectators and participants with new approaches on operations, compliance, customers, acquisitions,  plus an opportunity to network with some of the industry’s leading professionals.

Don’t miss out on the event some refer to as the “best new packaging show in the south” and register- for FREE, today!

To register your spot, click here.

Source: Easyfairs 

Archives, Executive Education, Global Trade Daily

Industrial Pack 2019

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Calling all industrial, transit and protective packaging  professionals for North America’s only trade event solely dedicated to networking and showcasing packaging solutions: Industrial Pack 2019.

This year’s two-day event will kick-off at 10 a.m. March 27 at the Cobb Galleria Centre in Atlanta. The best part? The event is free!

This year’s speaker lineup consists of the industry’s top leaders such as Kyle Stavig, Janice Loppe, Chris Lind, Paul Griffin, and Aaron Montgomery – to name a few. The extensive speaker lineup will leave spectators and participants with more knowledge on topics such as compliance,  new customer acquisitions, hazardous material handling, industry trends, and more.

Participants from last year’s event boast an experience unlike a traditional trade show:

“Best new packaging show in the South! Nothing but growth to come… thank you Easyfairs for an awesome job!” -Shannon Chaney with Schaefar Systems

“Considering this was a launch event, we were pleasantly surprised by the number of quality leads we received, and we are already looking forward to exhibiting at the 2019 show!” -Jim Baibak with Sumter Packaging

Don’t miss out on the opportunity to network with some of the industry’s leading professionals.

To register your spot, click here.

Source: Easyfairs