Press release
Top 3 Trends in Packaging Automation
Packaging assumes a fundamental part in product advertising, as it is a standout amongst the most critical components that decide the offers of the product.Propelled packaging computerized arrangements have developed as a critical factor because of expanded significance of rack benefit promoting bringing about compelling and rapid packaging forms by producers with negligible manual intercessions. These systems have noteworthy applications in different packaging forms including product arranging, product taking care of, product stockpiling, and product shipment.
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This factor is making a strong thrust on the global packaging automation market, which has been estimated to attain a valuation of US$69.73 billion by the end of 2025, according to a recent business intelligence study by Transparency Market Research (TMR). The report has projected the demand for packaging automation to increment at a potent CAGR of 9.7% during the forecast period of 2016 to 2025.
Pressing automation machines help to drop down the cost of packaging and it diminishes the work cost and limit harms amid material taking care of. Pressing automation encourages the makers to convey more products in less time. Hence, the worldwide packaging computerized arrangements market is predicted to witness a substantial surge in the coming years.
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Here are the key trends influencing the global packaging automation market, according to TMR’s analysts:
• Integration of Technology in Manufacturing
The seamless integration of hardware and software is enabling manufacturing industries to reduce wastage, lower accident rates, and produce robust and accurate products, in an economically profitable way. These systems offer better monitoring and maintenance options, thus reducing glitches in the manufacturing process. With technologies, such as DCS, PLC, SCADA, and MES, automation equipment have become more sophisticated, and can perform more complex actions at a comparatively low operating cost.
• Reducing Labor Dependency
Constant desire of industry players to reduce labor dependency, is a key trend driving the market. For example, labor rates in Chinese cities have increased dramatically over the past few years, implying that the supposed low-cost offshoring no longer makes sense, without significant investment in automation. Safety regulations can be adhered to by developing applications which include automated reporting capabilities that helps in generating brief reports for each packaging line.
• Adoption of Palletizing Systems
Palletizing systems are used in the packaging line in industries, such as pharmaceutical, chemical, and personal care & cosmetics. Due to the simplification of multi-line palletizing with the elimination of the upstream conveyor system, robotic palletizers are gaining popularity more than conventional ones. This is expected to register a high growth in the coming year, further fuelling the global packaging automation market.
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In 2016, Europe accounted for the leading market share of 37% based on revenue. On account of the rising demand from emerging nations, Asia Pacific is expected to continue exhibiting lucrative opportunities for the market. The region is also home to booming automotive, healthcare, and food and beverages industries, which exhibit high demand for advanced packaging solutions.
Key vendors operating in the global packaging automation market are Schneider Electric SE, Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, and ABB Ltd.
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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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