Pick and Place Carton Packers Market Growth & Trends [2031]

Report Description

Pick and Place Carton Packers Market Outlook 2031

The global pick and place carton packers market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market is driven by the growing adoption of packaging automation tools in various sectors.

Rising e-commerce industry across the globe is fueling the demand for efficient packaging solutions. Pick and place carton packers enable companies to speed up the packaging of various products, especially large amounts of items in one go. The automation facilitated by these systems allows for increased productivity and accuracy, thereby saving time and costs. The growing demand for next-generation smart and flexible packaging machinery is expected to create opportunities in the market.

• According to the 2023 Global Packaging Industry Report published by Benchmark International on June 5, 2023, the packaging industry valuation is anticipated to surpass USD 1 trillion by 2024. Factors such as the adoption of sustainable packaging solutions, flexible packaging tools, and demand for paper & paperboard packaging solutions are contributing to the growth of the packaging industry.

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The research report finds that the COVID-19 pandemic moderately impacted the pick and place carton packers market. The demand for machinery reduced during the initial phase of the lockdown, due to the prolonged shutdown of manufacturing units and supply chain disruption. However, the demand for automatic and semi-automated packaging solutions grew during this time.

The limited availability of workforce fueled demand for pick and place carton packers systems in various industries. Furthermore, the rapid growth of the e-commerce industry during the pandemic period created immense opportunities for the players competing in the market.

Impact of Artificial Intelligence (AI) on Pick and Place Carton Packers Market

AI is expected to benefit the market during the forecast period. The Industry 4.0 trend has driven the integration of automation technologies in various industrial operations. These solutions are aimed at speeding up the work and reducing the manual errors. AI-powered pick and place carton packers are expected to enhance the packaging and supply chain activities. The emergence of various robotic packer systems that offer reliability and accuracy in different product packaging operations propels the market.

Pick and Place Carton Packers Market Dynamics

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Major Drivers

Rising adoption of automation solutions in packaging operations is one of the key factors fueling the market. Automation technologies such as computer vision, AI, and machine learning (ML) are enhancing the efficiency and productivity of packaging operations. Automation increases the accuracy of packaging to the next level. Furthermore, Automation in packaging helps to effectively comply with safety regulations and reduce labor costs.

Growing preference for sustainable packaging is another driving factor of the market. Packaging requires substantial use of different types of materials. Glass, polyethylene, paperboard, plastic, paper, cardboard, and polyethylene terephthalate (PET) are some of the widely used packaging materials.

The pick and place carton packers reduce the waste generation of packaging materials. This, in turn, boosts sustainability in packaging. The growing emphasis on sustainable packaging due to the increasing environmental concerns is further likely to boost the demand for pick and place carton packers during the forecast period.

• According to a report published by the Organisation for Economic Co-operation and Development (OECD) on February 22, 2022, almost two-thirds of plastic waste occurs due to short-lived items, including packaging. Packaging waste alone accounts for 40% of total plastic waste. The use of sustainable ways of packaging supports reducing plastic waste and minimizes dependence on fossil fuels.

Existing Restraints

High cost of pick and place carton packers is expected to hinder the market. Cost factors create significant barriers for the firms falling in the small and medium enterprises (SME) category, owing to budgetary constraints. The need for high initial investment affects product demand.

Technical complexities in the installation, handling, and maintenance of these machines are likely to affect the market. Operators are required to be skilled and versed to operate such machines for effectual working. Additionally, some of the machines are designed to support only a few product types, which limits their flexibility.

Emerging Opportunities

Growing e-commerce sector worldwide is anticipated to create lucrative growth potentials for the players competing in the market. Quality, accuracy, and rapid packaging are some of the key needs in the e-commerce industry. However, these needs are expected to be fulfilled with the use of automated/semi-automated packaging solutions, such as pick and place carton packers.

Rising industrialization in emerging economies is likely to generate opportunities in the market. The significant growth in industrial operations in countries, such as India, China, Russia, Mexico, and Saudi Arabia, is anticipated to fuel the adoption of pick and place carton packers.

Scope of the Pick and Place Carton Packers Market Report

The global market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Type Analysis

Based on type, the pick and place carton packers market is bifurcated into semi-automatic and automatic. The automatic segment is anticipated to expand at a substantial CAGR during the projection period, due to the increasing advancement in technology and rising investment toward the implementation of robotic packaging automation solutions. Automatic pick and place packers facilitate high accuracy and productivity.

The quality control and flexibility features of robotic pick and place carton packers boost their adoption for packaging requirements in various industries. These robotic packaging solutions combined with smart software solutions handle several types of products and seamlessly integrate with existing product offerings. This enables the optimization of resource use while boosting output.

• According to a study report published by Amazon Science on July 25, 2022, its groundbreaking web-based PackOpt solution has reduced cardboard waste in North America by 7% to 10%. This solution helps to save roughly 60,000 tons of cardboard every year.

The semi-automatic segment is projected to hold a considerable share of the market, as semi-automatic packaging solutions are cost-effective as compared to fully automatic packaging tools. The rising trend of collaborative industrial operation with human-operated robots is anticipated to fuel the segment.

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Technology Type Analysis

On the basis of technology type, the global market is divided into vertical and horizontal. The horizontal segment is projected to register a considerable CAGR during the forecast period, as horizontal pick and place carton packers are used for packaging a wide range of products, such as tubes, bottles, pouches, and blisters.

The flexibility offered by the horizontal system makes it a popular choice among several industries. Some of the key end-use industries of horizontal pick and place carton packers are pharmaceuticals, food & beverages, and cosmetics & personal care.

Application Analysis

On the basis of application, the pick and place carton packers market is segmented into food & beverages, cosmetics & personal care, consumer goods, nutraceuticals, pharmaceuticals, and others.

The food & beverages segment is anticipated to register a robust growth rate during the forecast period, owing to the wide adoption of pick and place carton packers in this industry, along with growing demand for various food products. These systems are commonly adopted for picking and placing different types of food and beverage products.

Products such as alcoholic and non-alcoholic beverages, ready-to-eat food products, dairy beverages, and frozen food are packed with the help of pick and place carton packers. The increasing demand for convenience food items with a change in lifestyle and growing disposable income are expected to boost the food & beverage industry, thereby fueling the demand for pick and place carton packers.

• According to a report published in May 2023, the valuation of the global food packaging industry is projected to reach USD 512 billion by 2028. The food packing industry in North America held a major share in 2022, accounting for USD 100 billion.

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Regional Outlook

In terms of region, the global pick and place carton packers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to dominate the market during the forecast period, owing to the rising use of packaging automation tools.

The presence of renowned key players in the region and technological advances further boost the collaboration for improving packaging methods in various industries in the region. This boosts the acceptance of collaborative robotic systems (cobots) and the Internet of Things (IoT) for smart packaging. Moreover, several organizations are adopting sustainable packaging tools and methods, as packaging contributes to greenhouse gas (GHG) emissions, which generate growth opportunities in the market.

• According to a study report published by Packaging Distributors of America (PDA) on March 1, 2023, the packaging industry in the US is expected to register significant growth in the coming years. It is estimated that the packaging industry in the US is projected to reach USD 218 billion in valuation by 2027.

The market in Asia Pacific is anticipated to register rapid growth during the assessment period, due to the rapid industrialization in emerging economies. The consumer demand for various products is rising in this region. Industries in India, China, and Japan are expanding their production units to caters to growing consumer demand. Additionally, the rise of e-commerce buying and acceptance of smart packaging solutions are expected to increase growth potentials in the regional market.

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