Packaging Automation Market is Expected to Exhibit High CAGR During the Forecast Period 2016-2024

Packaging is expected to continue to play a vital role in various industry verticals ranging from food & beverages to pharmaceuticals, with end-use companies trying to promote brands and enhance their product visibility in the market. However, at the same time end-use companies are trying to minimize their operational cost. This has led to high demand for packaging automation machines which is capable of reducing operational cost by a certain extent. This is the major factor which pushing companies to adopt packaging automation. Cost cutting in packaging means automating different manual processes and growing the level semi automation process.

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Packaging Automation: Market Dynamic

Packaging automation market is driven by the increasing competitions in every industry as a result the companies try to reduce their cost related to the packaging without compromising the quality of the product. Globally, most of the end-use companies especially those involved in food & beverages market has their manufacturing facilities located in Asia Pacific. Most of these facilities are adopting packaging automated machines to reduce operational cost. Furthermore, lower run time process has also boosted the demand for packaging automation worldwide. Nonetheless, increasing competition in food & beverages & personal care products are also expected to augment growth of the market in the coming decade. Setting up of automation equipment company requires high capital investment which could be a major obstacle in overall growth of packaging automation market. Despite the momentum and growth packaging automation industry has witnessed over the past few years, high operating costs along with need for higher level of maintenance could pose as a major hindrance to overall sales of packaging automation during the forecast period. Low capital funds among small scale manufactures has limited the overall potential of packaging automation.

Packaging Automation: Market Segmentation

The global packaging automation market is segmented on the basis of automation solutions, businesses, solution, end use

Based on the automation solution the global packaging automation market is segmented into:

Filling
Labelling
Horizontal/vertical pillow
Case packaging
Bagging
Palletizing
Capping
Wrapping
Others

Based on the businesses the global packaging automation market is segmented into:

B2B e-commerce retailers
B2C e-commerce retailers
Omni Channel Retailers
Wholesale Distributors
Manufacturers
Personal Document Shippers
Others

Based on the end use the global packaging automation market is segmented into:

Food & Beverages
Pharmaceuticals
Chemical
Warehouse
Consumer goods
Others

Among all the end user of packaging automation market Food & beverages industry is expected to generate maximum revenues during forecast period.

Packaging Automation Market: Regional outlook

In terms of geography, the global Packaging Automation market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to dominate the packaging automation market throughout the forecast period owing to increasing growth of food & beverages industry in that particular region. Due to the availability of low labor cost and low material cost companies are emphasizing to open their manufacturing plants in Asia pacific to achieve increased productivity with lower capital investments. The Europe region is anticipated to grow at a slower pace due to the saturated market. The North America region is expected to grow at comparatively moderate pace owing to increased government emphasis on setting up and boosting manufacturing facilities in the region. FurthermorSoe, packaged food market and ecommerce industry has strong presence in the region. As a result, this is expected to drive overall packaging automation market in North America.

Packaging Automation Market: Key players

Some of the key players in the global Packaging Automation market are ABB, Rockwell Automation, De-Sta-Co, Mitsubishi, Schneider Electric, Mitsubishi, Swisslog, Jls,. In order to generate high ROI, packaging automation companies are focusing on enhancing operational efficiencies while placing increased emphasis on distribution channel and product innovation.

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This release was published on openPR.