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Packaging Automation Market to Cross USD 123.56 Billion by 2030 due to Increasing Focus on Eco-Friendly Packaging | Says SNS Insider

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Pune, Aug. 02, 2023 (GLOBE NEWSWIRE) — As per the SNS Insider report, “The Packaging Automation Market reached USD 67.75 billion in 2022 and is projected to attain USD 123.56 billion by 2030, with a compounded annual growth rate (CAGR) of 7.8% during the forecast period from 2023 to 2030.

Market Report Scope

Packaging automation is a vital component of modern manufacturing and packaging industries. By streamlining processes, reducing costs, and improving product quality, it enables businesses to stay competitive and meet the demands of the market effectively. Packaging automation can adapt to different product sizes, shapes, and packaging requirements, providing greater flexibility for manufacturers.

Download PDF Brochure: https://www.snsinsider.com/sample-request/3129 

Market Analysis

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The packaging automation market is poised for substantial growth in the coming years, driven by a confluence of factors, including the pursuit of enhanced efficiency, consumer demand for customization, technological advancements, sustainability initiatives, regulatory compliance, and the e-commerce boom. Embracing automation not only enables businesses to stay competitive but also fosters a greener and more sustainable future for the packaging industry.

Packaging Automation Market Overview & Scope:

Report Attributes Details
Market Size in 2022 USD 67.75 billion
Market Size by 2030 USD 123.56 billion
CAGR CAGR of 7.8 % 2023-2030
Key Segments By Automation Type (Packaging Robots, Tertiary & Palletizing Automation, Secondary Packaging Automation, Automated Conveyer & Sorting Systems)

By Offering (Solution, Services)

By Function (Labelling, Capping, Bagging, Filling, Palletizing, Others)

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By Industry Application (Healthcare, Food & Beverages, Personal Care & Cosmetics, Aerospace & Defence, Automotive, Others)

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
20% free customization scope (equivalent to 50 analyst working hours) If you need specific information as per your business requirement, which is not currently within the scope of the report, we will provide it to you as a part of customization.
Pricing & Purchase Options Avail customized purchase options to meet your exact research needs. Explore purchase options.

Impact of Recession

While a recession can create temporary challenges for the packaging automation market, it also presents opportunities for companies to adapt and position themselves for growth. Flexibility, scalability, sustainability, and a focus on cost optimization are key factors that can enable businesses to weather economic uncertainties successfully. By understanding the shifting demands and trends during a recession, packaging automation companies can emerge stronger and more resilient.

Impact of Russia-Ukraine War

In times of market uncertainty, businesses often turn to innovation and automation to improve efficiency and cost-effectiveness. The packaging industry might have seen a greater focus on developing advanced automation technologies and solutions to optimize packaging processes and mitigate the impact of supply chain disruptions.

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Impact of COVID-19 Pandemic

The COVID-19 pandemic served as a catalyst for transformation in the packaging automation market, driving accelerated adoption of automation technologies across various industries. From ensuring product safety and hygiene to enhancing supply chain resilience, automation has proved to be a key enabler in navigating the challenges posed by the pandemic.

Key players

Some major key players in the Packaging Automation market are Rockwell Automation, Mitsubishi Electric Corporation, Automated Packaging Systems, Emerson Electric Company, Linkx Packaging, SATO Holdings, Multivac Group, ULMA Packaging, ABB Limited, Ranpak, and other players.

Key Regional Development

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The packaging automation market is experiencing substantial growth across different regions, driven by diverse factors unique to each area. North America and Europe lead the pack with their established industrial bases, focus on sustainability, and stringent regulations. The Asia-Pacific region presents immense opportunities due to its fast-growing economies and e-commerce industry. Latin America and the Middle East and Africa are catching up with increasing industrialization and a rising consumer market.

Key Takeaway from Packaging Automation Market Study

  • As the market continues to evolve, the convergence of Packaging Robots and Intelligent Labelling is poised to redefine the industry’s landscape. The combination of enhanced efficiency, precision, and adaptability offered by packaging robots enabled by intelligent labelling, presents a promising future for packaging automation.
  • Manufacturers who embrace these cutting-edge technologies will find themselves at the forefront of innovation, gaining a competitive edge and meeting the ever-changing demands of consumers.

Buy Complete Research Report Which Provide Detail Impact Analysis of COVID-19, Russia-Ukraine War & Ongoing Recession: https://www.snsinsider.com/checkout/3129 

Recent Developments Related to Packaging Automation Market

  • In a game-changing move for the packaging industry, Shemesh Automation has unveiled its latest innovation – a state-of-the-art complete buckets packaging line that promises to revolutionize the way products are packaged and distributed worldwide. With this cutting-edge technology, Shemesh Automation is taking packaging efficiency, sustainability, and convenience to an entirely new level.
  • In development for the industrial and commercial supply chain sector, AFFLINK has recently bolstered its membership with the addition of IPS Packaging & Automation. This strategic move promises to further enhance AFFLINK’s position as a leading provider of supply chain solutions and empower IPS Packaging & Automation with an extensive network of resources and support.

About SNS Insider

At SNS Insider, we believe that businesses should have access to the best market intelligence and insights, regardless of their size or industry. That’s why we offer a range of solutions tailored to meet the unique needs of each client, from startups to big corporations. With a passion for our work and an unwavering commitment to delivering value, we are dedicated to helping our clients achieve their full potential.


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Artificial Intelligence

Northern Data Group is first in Europe to acquire NVIDIA H200 GPUs

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First in Europe to acquire NVIDIA H200 GPUs – currently the most powerful GPUs on the market The deployment further expands the Group’s Generative AI CSP offering, already the largest in Europe Further demonstration of the Group’s continued commitment to providing best-in-class technologies FRANKFURT, Germany, July 1, 2024 /PRNewswire/ — Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), a leading provider of High-Performance Computing (HPC) solutions, today announces it has purchased NVIDIA H200 GPUs through a newly established partnership with Supermicro, a global leader in Application-Optimized Total IT Solutions.

Northern Data Group’s cloud platform, Taiga Cloud will be the first Cloud Service Provider (CSP) in Europe to offer access to the H200 GPU hardware, with delivery and deployment scheduled for Q4 2024. The partnership with Supermicro for the NVIDIA H200 GPUs will further build its HPC solutions and complement its existing offering of best-in-class GenAI technologies.
This purchase of the H200 GPUs demonstrates Northern Data Group’s commitment to offering the best-in-class technology to its customers, as it continues to expand its cloud solutions offering, while also maintaining its position as Europe’s first and largest dedicated Generative AI Cloud Service Provider.
The first full island of over 2,000 NVIDIA H200 GPUs utilizing BlueField-3 data processing units (DPUs) and NVIDIA Mellanox CX7 NICs, to deliver 32 petaFLOPS of performance. The configuration of NVIDIA-referenced architecture allows customers to access more bandwidth, faster, and more efficient data storage access. The H200 GPUs will be housed in one of Northern Data Group’s European data centers, powered by carbon-free, renewable energy and boast a Power Usage Effectiveness ratio of less than 1.2.
Aroosh Thillainathan, Founder and CEO, Northern Data Group, commented:
“Our GenAI platform is constantly evolving and we are proud to collaborate with Supermicro to be the first in Europe to offer access to NVIDIA H200 GPUs. This is testament to our commitment to continually offer industry-leading, next-generation solutions. 
“As an Elite Partner of NVIDIA, we are proud to continue to offer cutting-edge technology, deployed in line with recommended architecture references to maximize the technology.” 
Vik Malyala, President & Managing Director, EMEA; SVP, Technology & AI, Supermicro commented:
“We are excited to collaborate with Northern Data Group to expand its GenAI Cloud offering to include Supermicro GPU servers based on latest Nvidia H200 HGX GPUs.  Supermicro is fully committed to delivering most performant and energy efficient AI infrastructure and solutions, and this collaboration will accelerate availability and bring the best value for customers in Europe.”
About Northern Data Group: 
Northern Data Group (ETR: NB2) is a leading provider of High-Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy. 
About Taiga Cloud:
Taiga Cloud, a Northern Data Group platform, is Europe’s first and largest Generative AI Cloud Service Provider. We provide a flexible, secure and compliant cloud-based ultra-fast GPU Network, engineered to meet organizations’ most ambitious compute needs. Taiga Cloud recognizes that high-intensity, large-scale processing power is crucial for accelerating Generative AI models and research which will deliver a new era of technological breakthroughs. Taiga’s energy-efficient Cloud is powered by Europe’s largest cluster of NVIDIA A100 Tensor Core and H100 Tensor Core GPUs, helping enable organizations to accelerate AI and ML innovation on demand, with technology that is fully scalable.

View original content:https://www.prnewswire.co.uk/news-releases/northern-data-group-is-first-in-europe-to-acquire-nvidia-h200-gpus-302185926.html

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Artificial Intelligence

Dawn Health and Merck are collaborating to support Growth Disorders care

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COPENHAGEN, Denmark, July 1, 2024 /PRNewswire/ — Dawn Health, the digital health company pioneering patient-first innovation, has announced they are working with leading global pharmaceutical company, Merck, on a digital solution for Growth Hormone Disorders (GHD).

Over the next two years, they will join forces to deliver a cutting-edge, user-centric digital platform, designed to help improve the lives of tens of thousands of patients across more than 40 countries.
By harnessing the latest AI technologies, the collaboration will also involve exploring the integration of features such as growth predictions and advanced personalization into the digital product, with excitement about AI and its potential for impact on user experience, adoption, adherence, and treatment outcomes. The digital solution will provide support to children and young adults living with GHD, as well as providing tools and support to their caregivers, both at home and in a clinical setting. 
With a shared commitment to improving patient lives, the collaboration will focus on patient-centricity to deliver an intuitive, engaging product that supports users and caregivers throughout their treatment journey. This means speaking with patients to truly understand their unmet needs and how the solution can best address these, as well as hearing from caregivers and healthcare professionals about how to best empower and support those living with GHD.
The collaboration is already off to a strong start, with workshops and inspiring discussions happening between the teams at Dawn Health and Merck, as they work together to deliver a cutting-edge platform on a global scale to improve the lives of people living with Growth Hormone Disorders.
About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 63,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2023, Merck generated sales of € 21 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.
About Dawn Health
Dawn Health is a global leader in digital health, specializing in the development of software as a medical device (SaMD) and digital therapeutics (DTx). Partnering with pharmaceutical companies, Dawn Health accelerates the launch of digital solutions to change the lives of people with chronic conditions.
Media Contacts
For questions about [email protected] 
For questions about Dawn HealthChristopher Kold, [email protected]
 

View original content:https://www.prnewswire.co.uk/news-releases/dawn-health-and-merck-are-collaborating-to-support-growth-disorders-care-302184356.html

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Transforming Healthcare with AI: Yidu Tech’s Gong Rujing at Summer Davos

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DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”

This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”

View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html

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