COVID-19 Outbreak-Global Packaging Automation Market Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020

The report presents an in-depth assessment of the Global Packaging Automation. including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Packaging Automation investments from 2020 till 2023.

Pricing pressure from the food & beverages industry, rising demand for complete packaging line from end users, increasing demand for modular machines, and shift in purchasing habits, are the major trends that are expected to shape the packaging automation market over the forecast period. The scope of the market covers the automation solutions for machinery that are solely used for packaging.

The trend toward less staff per line, improving labor productivity, ensuring quality, and reducing packaging and storage costs, has been driving the need for automated packaging machinery across the globe. Further, the integration of Big Data analysis, smart maintenance, and model-based engineering are providing scope for improvement. These benefits of automation in packaging, coupled with the rising demand for supply chain integration, have augmented the growth of the packaging automation market.

Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/0220246964/global-packaging-automation-market-segmented-by-solution-filling-labeling-horizontal-and-vertical-pillow-by-end-user-industry-food-consumer-goods-pharmaceutical-healthcare-and-region-growth-trends-and-forecasts-2018-2023/inquiry?Mode=21

Top Leading Manufactures-

Mitsubishi Corporation, Rockwell Automation, De-Sta-Co, Swisslog Holding Ag, Emerson Industrial Automation, Ulma Packaging, Ats Automation Tooling Systems, Abb Ltd, Massman Automation Designs, Llc, Schneider Electric, Denso Corporation, And Gerhard Schubert Gmbh, amongst others.

Industry Analysis:

Focus of Manufacturers on Cost Cutting and Business Process Improvement

To remain productive and competitive, manufacturers are adopting creative and energy-efficient ways, to conserve resources, improve recycling levels, and develop new generations of materials. 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. 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. In addition, with advances in the sensor technology, these technologies have started the era of smart packaging, which results in an improvement in manufacturing processes.

North America to Hold a Major Market Share

Due to the high penetration of packaging machinery in the region, North America accounts for a significant market share. The formation of the Advanced Manufacturing Partnership (AMP) is an initiative undertaken by the United States, to make the industry, universities, and the federal government invest in emerging technologies. This initiative has helped the country gain a competitive edge in the global economy, by investing in packaging equipment used in the final line of production. The country also boasts of a strong export base of packaging machinery, which has contributed to its growth. Companies, like Bosch Packaging Services, have expanded their businesses by investing in various packaging sectors, such as confectionery, bakery, fresh food, frozen food, and pharmaceutical. The increasing pace of competition is forcing manufacturers to take steps, in order to reduce costs of their packaging processes, thus opting for automation.

Palletizing to Gain Prominence in the Food & Beverage Sector

Among all machinery products used in packaging, palletizers are the most preferred and beneficial for the packaging of food and beverages. 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. Several loads can be built inside the robotic work envelope, which allows the arm to work on all loads at the same time, while storing partial loads in cubic form, at the floor level. The pharmaceutical sector plays a crucial role in the palletizer industry. Fully automatic palletizers are used for unattended pharmaceutical production. Due to significant investments by the companies in Europe and Asia-Pacific, the palletizers segment is expected to register healthy growth over the forecast period.

Inquire for Discount:

https://www.marketinsightsreports.com/reports/0220246964/global-packaging-automation-market-segmented-by-solution-filling-labeling-horizontal-and-vertical-pillow-by-end-user-industry-food-consumer-goods-pharmaceutical-healthcare-and-region-growth-trends-and-forecasts-2018-2023/discount?Mode=21

Notable Developments in the Market

-Feb 2017 - ABB acquired a Spanish start-up company NUB3D, a leading innovator of digital, 3D inspection and quality-control solutions. The acquisition was aimed at expanding ABBs portfolio in the industrial Internet of Things, and complement ABBs ability for intelligent cloud solutions, using connected devices to generate actionable digital information for a broad range of customers.
-Jul 2017 - ABB acquired B&R. The acquisition was aimed at integrating B&R with ABBs Industrial Automation division, as the new Machine & Factory Automation global business unit, and complement the companys offerings in PLCs, industrial PCs, servo motion products, and software and solution suites, for end-to-end digitization in automated manufacturing and processes, in plastics, packaging, food & beverage, and other end-user industries.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Packaging Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

Media Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.