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End-of-line Packaging Market: Analysis of Major Competitors and their Strategies

11-28-2018 11:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
End-of-line Packaging Market: Analysis of Major Competitors

Some of the top players operating in the global end-of-line packaging market are Combi Packaging Systems LLC, Gebo Cermex, Schneider Packaging Equipment Co. Inc., Festo Corporation, Pro Mach, Inc., DS Smith Plc., Bosch Packaging Technology, IMA S.p.A., and Krones AG., notes Transparency Market Research (TMR). A number of prominent players are offering technologically-advanced integrated packaging solutions for meeting a variety of needs of their clients, in order to gain a competitive edge over others. Several players are offering automatic and semi-automatic complete end-of-line packaging solutions that can be easily integrated into the existing packaging lines. A number of companies are also focused on offering customized standalone as well as integrated end-of-line packaging solutions.

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The global end-of-line packaging market stood at US$ 4,221.1 mn by the end of 2017, vis-à-vis revenue. The global market is projected to rise at a CAGR of 4.0% from 2017 to 2026.

The various end-use industries for the application of end-of-line packaging are pharmaceuticals, automotive, electronics and semiconductor, chemical products, food and beverages, and consumer products. Of these, the pharmaceuticals industry is the most promising segment and is projected to expand at the leading CAGR during 2017–2026. Meanwhile, the food and beverages segment is anticipated to account for the leading share in the overall market throughout the assessment period.

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Regionally, Europe is the leading market for end-of-line packaging accounting for the dominant share throughout the forecast period. This will be trailed by North America and Asia Pacific, with the latter expected to rise at a robust CAGR during the forecast period. The substantially rising demand for automation in several end-use industries is stoking the demand for end-of-line packaging in these regions.

The vastly rising demand for automating machinery in several end-use industries, notably in manufacturing industries, is attributed to pressing need for boosting operational output. This is a key factor driving the end-of-line packaging market. The intensifying need for modernizing manufacturing facilities is a key factor stoking the demand for such semi-automated and automated technologies. The market is expected to vastly benefit from the rapid strides taken by the manufacturing sector in various developing regions. This is further accentuated by the rising need for modernizing the manufacturing sector.

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The intensifying need for improving workplace conditions through adoption of automation is a notable factor bolstering the demand for end-of-line packaging solutions. Various end-use industries are adopting a number of developing countries are focused on reducing labor cost and improving their bottom lines. This has stoked the demand for palletized packaging solutions, thereby fueling the growth of the market.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com Blog: https://factsntrends.com/

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