Press release
Packaging Automation Market : Latest Innovations, Future Scope And Market Trends
As packaging of a product goes a long way towards making an impression as well as providing information to the end users, consumer product manufacturers are not shying away from adopting automation methods that can help them achieve greater product efficiencies. 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.Global Shares Consolidated Within a Few Dominant Players
The analyst of the TMR report identifies Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Automated Packaging Systems, Inc., Swisslog Holding AG, Emerson Electric Co., and Kollmorgen as some of the most prominent players who collectively hold major shares in the global packaging automation market. That being said, the competition among these market leaders is stiff too, which in turn is providing considerable bargaining power to the end users. Most of the major players are investing on developing new technologies that adequately meet the diverse demands as a mode of gaining shares over their competitors. For instance, ABB Ltd. is focused on developing packaging robots. As for the new entrants, entry barrier are quite high and therefore, only a few of them are able to make a mark.
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Application-wise, the TMR report has segmented the packaging automation market into labeling, wrapping, capping, filling, palletizing, and others, whereas product types are conveyors, packagers, and packaging robots. Industry-wise, the market has been bifurcated into automotive, electronics, retail, healthcare, food and beverages, and logistics. Geographically, Europe constituted for the greatest demand for packaging automation. However, Asia Pacific is primed to generate demand at a stronger growth rate than all other regions.
Benefits Including Real-time Information Driving Demand
The demand for packaging automation is on the rise as they offer striking benefits over traditional methods, including delivery of real-time diagnostics and performance information, ease in integration, and enhanced safety over contemporary technologies. With these automation tools, manufacturers can not only maximize their production capacities and improve packaging flexibilities for different packaging sizes, they can also meet the requirements of consistently evolving workforce. Packaging automation tools are adequate at changing and scaling according to new products and hence are gaining adoption across medium and large industries alike.
Constant desire of industry players to reduce labor dependency, growing rate of industrialization and manufacturing functions across emerging economies, and the prosperity of the food and beverages and pharmaceutical industry are some of the other factors that will ensure a healthy growth of the packaging automation market. On the other hand, requirement of substantial initial cost is the primary restraint curtailing the progress of this market.
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Key Takeaways:
Global packaging automation market estimated to be worth US$69.73 billion by 2025
Market players are innovating their offerings according to diverse demands
Asia Pacific is emerging as a region with great potential
The information presented in this review is based on a Transparency Market Research report, titled, “Packaging Automation Market (Application – Palletizing, Labeling, Filling, Capping, and Wrapping; Types – Packaging Robot, Automated Packagers, and Automated Conveyors; Industries – Logistics, Food and Beverage, Health Care, Retail, Electronics, and Automotive) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
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Key Segments of the Global Packaging Automation Market
By Application:
Palletizing
Labeling
Filling
Capping
Wrapping
Others
By Type:
Packaging Robot
Automated Packagers
Automated Conveyors
By Industries:
Logistics
Food and Beverages
Health Care
Retail
Electronics
Automotive
Others
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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