Packaging Automation Market is Booming Worldwide with Key Players: Rockwell Automation, Mitsubishi Electric Corp., Siemens AG, Swisslog Holding AG, ABB Ltd, Schneider Electric SE, and Emerson Electric Co.
Key players operating in packaging automation market include BEUMER Group GmbH & Co., Rockwell Automation, Mitsubishi Electric Corp., Automated Packaging Systems, Linkx Packaging, Siemens AG, Swisslog Holding AG, SATO Holdings, Kollmorgen Corporation, ABB Ltd, Schneider Electric SE, and Emerson Electric Co., among others. These players are focusing on product development strategies through various partnerships and long-term collaborations & acquisitions.
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Automated packaging machines are highly used for sorting and tracking tasks in the manufacturing industry for speeding up the production process. The implementation of automated conveyors in the production line helps in the efficient transportation of equipment or materials to each production station. Moreover, the usage of these automated belts can sort, weigh, and monitor heavy loads and also provides a smooth packaging flow management, and ensuring the quality of packaging.
With the increase in the usability of these machines, the demand for packaging automation market will increase. Companies are adopting these advanced solutions in the warehouse and distribution processes for packaging goods and to improve the quality and speed. For instance, in March 2019, Flipkart Pvt. Ltd., an Indian e-commerce company, announced the adoption of robot-based sortation technology to increase the efficiency in sorting &scanning processes to ensure faster delivery and an enhanced experience for its customers.
The rapid growth of the pharmaceutical industry will increase the demand for sustainable packaging solutions in the coming years. According to the International Federation of Pharmaceutical Manufacturers and Association (IFPMA), the global pharmaceutical market is estimated to reach USD 1,430 billion by 2020. With the constant growth of the industry, the demand for sophisticated packaging for protecting pharmaceutical drugs from environmental conditions and to prevent modification of their chemical properties will increase.
The pharmaceutical manufacturers are investing highly in packaging robots to improve operations and services. The implementation of automated machines for packaging small plastic parts such as bottles, caps & closures, catheters, syringes, inhalers, disposables, and other medical devices reduces operator failures and increases the product quality and patient safety. These factors will spur the demand for packaging automation market.
The Asia Pacific packaging automation market accounted for the majority of the industry share owing to the rising industrialization and increasing penetration of these devices in the manufacturing activities in countries including China, India, Australia, Singapore, and Japan. Favorable government initiatives for the development of infrastructure and the adoption of advanced technologies will further propel the market growth.
For instance, the Chinese government announced the 12th Five-Year Plan for advanced manufacturing, which includes restructuring the industrial sector with a strong focus on moving toward high-end machinery. Moreover, the presence of established players and easy availability of raw material are boosting technological innovations of the market in this region.
Certain other important report takeaways:
o Overall analysis: The report contains a 360 degree analysis of the packaging automation market, that encompasses important pointers pertaining to the industry in question.
o Price: Pricing trends that are prevalent in the packaging automation industry are detailed in the report.
o Financial data: The study makes a mention of the financial data of the companies in the industry.
o Regulatory landscape: The regulations that govern the growth of the packaging automation market spanning the developing and developed economies are provided in the report.
o Market definitions: Suitable market definitions are included in the report.
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In substance, the packaging automation market report analyses the industry landscape in terms of numerous parameters, like the driving forces impacting the revenue scale of this industry and the ongoing trends defining the industry spectrum. In addition, the study mentioned the industry insights, market segmentation, and is also inclusive of information pertaining to the companies that partake in packaging automation industry share.
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