End of Line Packaging Market - set to Surpass US $ 6 Bn by 2024, on the Backdrop of Increasing Degree of Automation Across Industries

The manufacturing sector has witnessed growth at an average annual rate of 4% in the past few years. This sector has largely emphasized on adopting processes that are precise, efficient, and safe. Automation within machineries can help cater to these burgeoning demands. Various end-of-line packaging solution providers are integrating automation to increase the end user throughput and operability of machines. Moreover, the need to modernize manufacturing facilities is anticipated to drive the demand for end-of-line packaging machineries. Today, the enterprises with profitable businesses are strategizing to reduce costs to achieve a better bottom line. Industries, especially in the developing countries (such as BRICS), are faced with high labor costs and lack of skilled labor and high turnover. End-of-line packaging solutions eliminate the need to constantly find and train a new workforce, and allows employers to allocate available workforce more value adding tasks, which in turn can reduce labor turnover through improved workplace conditions.

Installation of robots in packaging operations at production facilities has increased largely due to the urge from operators to increase production efficiency. Robotic installation in packaging lines offers high-speed efficiency and reduces manual dexterity of product picking, packing, and palletizing. It facilitates increased equipment efficiency at low operational costs and offers impressive returns on investment. Furthermore, robotics can be more efficient in handling lightweight packaging. These robots are likely to cause less package damage as compared to conventional packaging methods. These value-added benefits offered by robotic automation is influencing key manufacturers to install robotic automation systems at manufacturing and packaging facilities.

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Revenue generated from the sales of end-of-line packaging is estimated to be valued at US$ 4,070.5 Mn by the end of 2016 and is expected to increase at a CAGR of 4.0% over the forecast period. Increasing demand for high degree of automation in packaging lines and its added advantage of reducing the labor and packaging cost is expected to drive the demand for end-of-line packaging solutions over the forecast period.

On the basis of technology, the end-of-line packaging market is segmented into automatic and semi-automatic. On the basis of function type, the global market is segmented into standalone and integrated. The standalone segment is further segmented into machineries used for palletizing, carton erecting, packaging and sealing, stretch wrapping, and labelling among others. The global end-of-line packaging market is also segmented based on end-use industries such as food and beverages, pharmaceuticals, automotive, electronics and semiconductor, and chemical products among others. On the basis of received order type, the global market is segmented into standard order and customized order.

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Top companies in the packaging market are focused on innovation in packaging format and cost-effective solutions. These factors are expected to drive demand for customized integrated solutions, which are anticipated to offer cost-effective solutions by reducing labor costs as well as innovative end-of-line packaging. On the basis of function type, the integrated end-of-line packaging segment is estimated to create highest incremental opportunity over the forecast period. On the basis of application, the pharmaceuticals segment is expected to witness the highest growth at a CAGR of 5.0% in terms of value over the forecast period. The food and beverages segment is expected to remain dominant throughout the forecast period. Automotive segment is identified as second most promising market for end-of-line packaging suppliers. Revenue from automatic segment is also anticipated to increase at a CAGR of 4.6% in terms of revenue, however the growth is impressive as per the data received from end-of-line packaging suppliers. Size and design of warehouse and production facilities are crucial factors driving demand for customized end-of-line packaging. Since end-use industries are increasingly showing preference for customized end-of-line packaging solutions, the share of this segment is anticipated to increase over the forecast period.

On the basis of geography, Europe is anticipated to dominate the global end-of-line packaging market throughout the forecast period. Europe is followed by North America and Asia Pacific. Revenue generated from the sales of end-of-line packaging in Asia Pacific is expected to increase at the highest CAGR of 5.5% over the forecast period. Sales of end-of-line packaging is likely to remain moderate with regular crest and trough in demand, whereas in developing countries it is likely to reflect vertical upward growth trend. This is primarily because of increasing demand for high degree of automation across end use industries. Latin America and MEA are expected to witness relatively slower growth as compared to other regions.

Key players in the global end-of-line packaging market include Krones AG, IMA S.p.A., Bosch Packaging Technology, DS Smith Plc., Pro Mach, Inc., Combi Packaging Systems LLC, Festo Corporation, Schneider Packaging Equipment Co. Inc., and Gebo Cermex.

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