Packaging Automation Market 2020 Competitive Insights- Mitsubishi Corporation, Rockwell Automation, Inc., Kollmorgen Corporation, Swisslog Holding AG

Packaging Automation - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Packaging Automation industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The packaging automation market was valued at USD 57.8 billion in 2019 and is expected to reach USD 109.49 billion by 2025, at a CAGR of 10.1% over the forecast period 2020 - 2025.

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The Packaging Automation Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Mitsubishi Corporation, Rockwell Automation, Inc., Kollmorgen Corporation, Swisslog Holding AG, Emerson Industrial Automation, ULMA Packaging, ATS Automation Tooling Systems, ABB Ltd, Massman Automation Designs LLC, Schneider Electric S.E., Denso Corporation, Gerhard Schubert GmbH, Siemens AG, Beumer Group GmbH & Co., KG

Over the last few decades, production lines across the globe have undergone significant transformation with the advent of automation and robotics. High levels of competition and growing focus on reducing the turnaround time have prompted manufacturers across the globe towards automation, in a bid to retain high levels throughput and efficiency.

- The industries are focusing on gaining a higher cost realization by achieving higher efficiency and cost reduction in the overall operation. Labor wage is one of the large chunks of expense for any manufacturer. The trend toward less staff per line has been driving the need for intuitive control units, such as Human & Machines (HMI), to Interact with multi-touch. Hence, by adopting packaging automation systems, manufacturers gain efficient and cost-effective packaging solutions.
- Companies are now adopting industry 4.0, and it is coupling with the rise in need of supply chain integration. Due to its ability interacting with the stakeholders and the optimization of complicated logistics schedule, manufacturers are moving towards packaging automation solutions.
- However, the advantages in adopting the packaging automation systems are significant and driving the market, but the requirement of higher initial capital is restricting smaller organizations for its adoption.

Scope of the Report

The scope of the study for packaging automation market is limited to hardware solutions of different applications used in a wide range of industries globally. The software solutions and after sales servicing is not considered for market estimation.

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Competitive Insights

March 2019 - WestRock announced the acquisition of packaging machinery firm Linkx Packaging. With this acquisition, WestRock has expanded its portfolio from a leading provider of differentiated paper and packaging solutions. Linkx specializes in automated packaging machinery ranging from single-order dispatch systems to fully integrated automation.
March 2019 - Bosch launched the Pack 403. It is the first next-generation machine by Bosch is a successor of Pack 401 and is fully-automated horizontal flow wrapper for medium to high-speed wrapping. The Pack 403 is designed to produce up to 800 packages per minute at a film speed of 90 metres.

Pharmaceutical Industry to Show Significant Growth

- Pharmaceutical industry is now more investing towards the packaging automation solutions to improve the production efficiency. According to The Evolution of Automation, produced by PMMI, less than 50% of the pharmaceutical and medical device companies have inline integration. Hence, there is a huge opportunity for packaging automation vendors in the pharmaceutical industry.
- A recent study by FDANews stated that around 80% of the deviations observed could be attributed to human error. Also, in the USA, 90% of the prescription have generic drugs but only generates 28% of the revenue of the pharmaceutical revenue resulting in increasing demand for small batch production. With the packaging automation, consistent quality even for small batch production can be achieved.
- The adoption of industry 4.0 in the pharmaceutical industry has shown significant growth. Due to its ability for continuous process control for all the operations, including packaging provides analytical insights and helps in drawing quicker decision where attention is needed and reduces human interventions.
- According to the report by the Italian Packaging Machinery Manufacturers Association in 2018, the filling and FFS type of pharmaceutical packaging machinery together covers more than 65% share.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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