Packaging Automation Market Share

APAC Market Statistics

Asia Pacific industry is expected to dominate majority revenue share of 39% by 2037. The growth in the region is credited to the surge in e-commerce and the Internet of Things (IoT) in the packaging sector in the region. International Trade Administration in 2024 predicted that APAC will dominate the B2B market with a revenue share of 80% by 2026.

Consumer spending in China has shown a tremendous increase along with fueled packaging requirements, this is propelled to be a growing factor for the packaging automation industry in this country. A report by The State Council of China in January 2024, estimated that the final consumption expenditure contributed 82.5% of China's economic growth annually, up 43.1% between 2022 and 2024.

There has been an increasing consumption of retail foods in Japan. USDA Foreign Agricultural Service in 2023 predicted that the sales of retail food and beverages in 2022 would be USD 327 billion. This will act as a growing factor for the fast food market value in the coming years.

North America Market Analysis

North America packaging automation market is estimated to exhibit around 7.8% CAGR till 2037 owing to the increasing penetration of automation in several industries such as cosmetics, pharmaceuticals, food and beverages, and many more. A recent report by Research Nester in 2024 estimated that 94% of businesses carry out time-consuming, repetitive tasks. 66% of knowledge workers report higher productivity led by automation.

The United States has shown a reduction in skilled labor availability in various industries, which demands automation in this country. According to the U.S. Chamber of Commerce, the participation of the labor force decreased by approximately 1% to 62.7% from 2020 to 2024.

Canada improved their packaging materials which can be recycled and sustainable. According to the Canada Plastic Pact (CPP) 2024, the plastic packaging recycling rate increased to 20% in 2022 from 12% in 2019.