This growth can be credited to the growing acceptance of automation in the manufacturing industry, fast industrialization, growing manufacturing activities credited to the rising population, and the requirement to reduce labor needs.
In 2021, Filling equipment led the market with the largest revenue share, of approximately 23%, and the category is also projected to be on the leading spot throughout the projection period.
This development can be credited to the extensive utilization of automated filling machines to advance packaging operations. Packagers can save the time and money of packing with the advanced dependability, steadiness, and versatility of automated machines.
Browse detailed - Packaging Automation Market Revenue Estimation and Growth Forecast Report
Moreover, North American and European industrial players are trying to establish manufacturing amenities in the region, which boosts industry expansion.
In 2021, China was the major revenue contributor and it is projected to maintain its dominance in the future as well. Mainly because of the rising populace, the existence of a vast manufacturing base, enhancing lifestyles, increasing per-capita income, and rising requirements to lessen the expenses of packaging.
Hence, the growing acceptance of automation in the manufacturing industry, fast industrialization, growing manufacturing activities credited to the rising population, and the requirement to reduce the labor need are the major factors propelling the packaging automation market.