Packaging Automation Market 2022 Competitive Insights and Precise Outlook - Robert Bosch GmbH, Coesia S.p.A., Krones Inc., Tetra Pak International S.A, Graphic Packaging International

The Packaging Automation Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The packaging automation market is expected to grow at a CAGR of 5.7% over the forecast period (2021-2026).

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Top Leading Companies of Packaging Automation Market are Robert Bosch GmbH, Coesia S.p.A., Krones Inc., Tetra Pak International S.A, Graphic Packaging International, LLC, I.M.A Industria Macchine Automatiche S.p.A, MULTIVAC Group, ABB Ltd, Ishida Co. Limited, Sidel S.A., Marchesini Group S.p.A and others.

Industry News and Updates

March 2019 - Bosch launched the Pack 403. It is the first next-generation machine by the company. Bosch is a successor of Pack 401 and is a 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 meters.

Key Market Trends

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 invests 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.

- Additionally, vendors in the region are leveraging sustainability to capture the market. For instance, In July 2019, Ranpak Automation announced the North American of EVO Cut'It. It is an automated packaging machine for product shipping and fulfillment companies that automatically reduces the carton size based on package content volume.

Regional Outlook of Packaging Automation Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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.

Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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