Press release
Packaging Automation Market - Strategies Adopted By Companies To Leverage Growth Has A Profound Impact On The Overall Growth
Packaging is one of the important elements in the product manufacturing process. It helps in protecting the products from physical damage, dust, and various other factors, adding further value to the products. In order to maximize profits, cost cutting has become important in the light of intense competition. Packaging process is carried out with the help of different packaging machineries and robotics which help in completing the tasks more efficiently and effectively.
Use of automation in the packaging industry is likely to help improve labor productivity, ensure packaging quality, and also help in reducing packaging cost and storage cost. Safety regulations are major concerns among manufacturers especially in the health care and food and beverage industry, more so in emerging economies such as India, China, and Latin America. Safety regulations can be adhered to by developing applications which include automated reporting capabilities that helps in generating brief reports for each packaging line.
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The global packaging automation market is likely to exhibit a CAGR of 9.7% between 2016 and 2025. At this the market’s valuation will reach US$69.73 bn in 2025, from US$31.12 bn in 2016.
packaging automation market
Food and Beverages Industry Exhibits High Demand for Packaging Automation
In terms of application, the global packaging automation market is segmented into palletizing, labelling, filling, capping, and wrapping. Of these, the palletizing segment held the dominant share of 27% in the market based on revenue in 2016. It is also forecast to continue leading the market through the course of the forecast period. Paradigm shift from traditional palletizers to hybrid palletizers is intended to make packaging automation easier. Furthermore, this advancement in technology can adapt multiple requirements, thereby facilitating product changeover. This is a key factor boosting the palletizer segment.
By type, the global market can be classified into packaging robot, automated packagers, and automated conveyors. Of these, the market is forecast to witness increasing demand for packaging robots. In terms of industries, food and beverage, healthcare, logistics, retail, electronics, automotive, and others constitute the key market segments. Of these, the food and beverages sector accounted for the leading market share of 24.3% in 2016. The rising demand for automation in the food and beverages industry is facilitated by the intensifying competitive among contemporaries in the business.
Europe Owes its Dominance to Presence of Many Large Industries
Regionally, Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa are the key segments in the global packaging automation market. In 2016, Europe accounted for the leading market share of 37% based on revenue. Asia Pacific and North America, emerged as the second and third leading markets for packaging automation, respectively, in the same year. In Europe, the packaging automation market is gaining from the presence of a large number of industries.
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On account of the rising demand from emerging nations, Asia Pacific is expected to continue exhibiting lucrative opportunities for the market. The region is also home to booming automotive, healthcare, and food and beverages industries, which exhibit high demand for advanced packaging solutions. Moreover, these industries are also looking for ways of curbing expenses, which in turn will boost the packaging automation market in Asia Pacific. Among the emerging nations, China will hold the highest share in the market.
Some of the principal players in the global packaging automation market are Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland),Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Automated Packaging Systems, Inc. (U.S.), Emerson Electric Co. (U.S.), Beumer Group GmbH & Co., Kg (Germany), Swisslog Holding AG (Switzerland), and Kollmorgen (U.S.).
Transparency Market Research (TMR) 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. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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