Press release
Packaging Automation Market is likely to exhibit a CAGR of 9.7% | Major Players Profiled in report are Siemens, Rockwell Automation, and Schneider Electric
Competition is strong among them in the global packaging automation market. This is because most of them are expending money on developing new and better technologies to meet various needs of end users.
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As per a report on the global packaging automation market by Transparency Market Research, it would likely rise at a high single digit CAGR of 9.7% over the forecast duration starting in 2016 and ending in 2025. At this pace, it projects the market’s valuation to hit US$69.73 bn by 2025-end.
Application-wise, the global packaging automation market can be classified into labelling, palletizing, capping, filling, and wrapping. Among them, the segment of palletizing accounts for the leading share in the market. In 2016, its leading share was around 27%. Going forward, the palletizing segment is predicted to continue contributing majorly to the revenue in the overall global packaging automation market.
However, there is expected to be a shift towards hybrid palletizers from the traditional ones. In addition, further honing of the technology to suit multiple requirements is also predicted to have a positive impact. Geographically, Europe holds a foremost position in the global packaging automation market. In 2016, its market was worth about US$11.51 bn.
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Packaging Automation Sees High Uptake as it Reduces Labor Costs
Packaging automation basically entails packing products leveraging machines and robots. They thwart physical damage to the products. They also bring down packaging and labor cost besides lowering damage in the process of handling materials. States the lead analyst of the TMR report, “Packaging automation enables manufacturers to prepare more products for sale in a much less time.”
Apart from that, progress in the packaging industry such as emergence of various printing techniques, smart packaging, robotics and machinery, automation architecture, and software systems and interfaces are also having a positive impact on the global packaging automation market.
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Food and Beverage and Ecommerce Sectors Emerge Frontrunners in Driving Demand
Some of the prominent end use industries driving revenue generation in the global packaging automation market are food and beverage, healthcare and pharmaceuticals, automotive, logistics and e-commerce, and chemicals. Among them, the e-commerce sector is generating most of the revenue in the packaging automation market. This is because of the rising popularity of the ecommerce sector in the past 10 years. The food and beverage industry is another major demand generator.
A noticeable trend in the global packaging automation market is savvy players turning their gaze towards Asia Pacific because of the swift rise of manufacturing and consumerism in the region.
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The review is based on the findings of a TMR report, titled, “Packaging Automation Market (Application - Palletizing, Labeling, Filling, Capping, and Wrapping; Types - Packaging Robot, Automated Packagers, and Automated Conveyors; Industries - Logistics, Food and Beverage, Health Care, Retail, Electronics, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”
The report segments the Global Packaging Automation Market into the following:
Global Packaging Automation Market, by Application
• Palletizing
• Labeling
• Filling
• Capping
• Wrapping
• Others
Global Packaging Automation Market, by Type
• Packaging Robot
• Automated Packagers
• Automated Conveyors
Global Packaging Automation Market, by Industries
• Logistics
• Food and Beverages
• Health Care
• Retail
• Electronics
• Automotive
• Others
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About Us
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.
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