End-of-Line Packaging Market in terms of revenue, growing at CAGR of 4.2% during the forecast period (2019 to 2027).

The global end-of-line packaging market is projected to surpass US$ 6.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.2% during the forecast period (2019 to 2027).

The end-of-line solution is advanced machinery used in the overall production of the product. They can be fully automated or semi-automated. The fully automated system includes safety controls, machine vision, and even remote monitoring in turn contributing production of quality products. They reduce the need for labor as they are fully automated and reduce the chances of the human error thus increase efficiency in the overall process. They are widely used across automotive, packaging, electronics & semiconductor, food & beverages, and pharmaceutical industry.

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Growing need to reduce the workforce and production cost is expected to augment the market growth of the end-of-line solution. End-of-line packaging solutions reduce the requirement of constantly training a new workforce and enable emphasize more on value-adding tasks, which in turn reduce the chances of risk due to human error and enhanced the overall production process. This is expected to fuel the market growth of the end-of-line solution.

Regionally, Europe dominated the global end-of-line packaging market in 2018, reporting 34% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Ensuring automation performance aligns as per the consumer demand is expected to be major challenges and this is expected to hamper the market growth. Evolving consumer preferences for the quality and cost-effective products has been significantly increased in the recent past years. Hence, ensuring the automation performance aligns in the manufacturing could be a challenge for the market of the end-of-line solution

Growth in the food and beverage industry is expected to offer lucrative growth opportunity to the market of end-of-line solution over the forecast period. In the food industry, it is used to packaged beverage and other food products as this required casing, labeling, proper retail display packaging, and cartooning for sales. It also improves product safety during transportation and storage. This is expected to augment the market growth of the end-of-line solution over the forecast period.

Advancement in the end-of-line packaging solution such as the introduction of robotic palletizing and de-palletizing system is expected to accelerate the market growth. In September 2019, ABB showcased the company’s latest robotic innovations that help packagers manage high mix, low volume production at Pack Expo Las Vegas. This innovation will enhance the efficiency to package more products on the same lines, switch between products with minimal downtime, and quickly ramp up to full-production speed for new products.

Competitive Section

Key players operating in the end-of-line packaging market are Krones AG, IMA S.p.A, Bosch Packaging Technology, DS Smith plc., Pro Mach, Inc., Combi Packaging Systems LLC, Festo Group, Schneider Packaging Equipment Co. Inc., and Gebo Cermex

Detailed Segmentation:

Global End-of-Line Packaging Market, By Technology:
Automatic
Semi-automatic

Global End-of-Line Packaging Market, By Received Order:
Customized
Standard

Global End-of-Line Packaging Market, By End-use Industry:
Automotive
Electronics & Semiconductor
Others
Food & beverages
Pharmaceutical

Global End-of-Line Packaging Market, By Stand Alone:
Palletizing
Carton erecting, packing and sealing
Stretch Wrapping
Labelling
Others

Global End-of-Line Packaging Market, By Function:
Integrated
Standalone

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This release was published on openPR.