Press release
Packaging Automation Solution Market Size - Industry Share Report 2022
Packaging Automation Solution Market
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“Increasing adoption of automation solutions and increasing need for supply chain integration are the major drivers for the packaging automation solution market.”
The packaging automation solution market was valued at USD 28.39 billion in 2015 and is expected to reach USD 52.42 billion by 2022, growing at a CAGR of 8.68% during the forecast period. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the packaging automation solution market. Also, the advancements in technology such as wireless technology, autonomous control, and wearable computing are driving the packaging automation solution market. The high capital cost and the high level of maintenance required are the factors restraining the growth of the packaging automation solution market.
“Packaging automation solution market for the palletizing function is expected to grow at a high rate during the forecast period.”
The palletizing machines ensure an efficient way of moving products in the packaging automation solution market. The palletizing machines provide automatic means to stack cases of products onto a pallet in a predetermined pattern to form a layer. The concern to reduce the time involved in packaging has been a major driver for the use of palletizing machines in the packaging automation solution market.
“Packaging automation solution market for food and beverages industry is expected to witness high growth during the forecast period.”
The packaging automation solution market for the food and beverages industry is expected to grow at an exponential rate during the forecast period. The manufacturers in the food and beverages sector are under constant pressure to lower costs and increase efficiency and at the same time maintain their market position due to intense competition in the market. The food and beverages industry requires the use of primary packaging to protect the products from outside influences such as damage and contamination and also to provide consumers with ingredient and nutrition information. This has been the major driver for the growth of the food and beverages industry in the packaging automation solution market.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key experts in the packaging automation industry. The breakup of the profiles of primary participants has been shown below:
• By Company Type: Tier 1—55 %, Tier 2—20%, and Tier 3—25%
• By Designation: C-Level Executives—25%, Directors—55%, and Others—20%
• By Region: North America—30%, Europe—20%, APAC—40%, and RoW—10%
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Key players include:
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
• Rockwell Automation, Inc.
• ABB Ltd.
• Mitsubishi Electric Corp.
• Schneider Electric SE
• Emerson Electric Co.
• Swisslog Holding AG
• Siemens AG
• Automated Packaging Systems, Inc.
• Kollmorgen
• Beumer Group GmbH & Co., Kg
Research Coverage:
This research report categorizes the packaging automation solution market on the basis of product type, function, software and service, industry, and geography. It also provides Porter’s five forces analysis, along with the description of each of its forces and their impact on the packaging automation solution market. The report also discusses major drivers, restraints, challenges, and opportunities for the market.
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