packaging automation market
TRANSCRIPT
Global Packaging Automation Market : IndustryInsights & Opportunity Evaluation, 2016-2024
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Packaging Automation Market Overview
Packing automation is defined as a packaging of a product completed by
machines or robots. It protects the product from physical damage. Packing
automation machines help to lower down the cost of packaging and it helps to
decrease the labor cost and minimize damages during material handling.
Packing automation helps the manufacturers to deliver more products in less
time.
Market Size and Forecast
The global packaging automation market is expected to grow at a CAGR of 9.2%
over the forecast period i.e. 2017-2024. Further, packaging automation market
is anticipated to reach USD 61.2 billion globally by 2024. This significant growth
can be attributed to the rising demand for packaging automation from food
and beverages sector, healthcare sector and others. Moreover, with 28%
market share in 2016, palletizing by type is the dominating segment in overall
packaging automation market and it is expected to continue its dominance
over the forecast period.
In terms of region, Europe is expected to dominate the global packaging
automation market over the forecast period. Additionally, Europe region in
2016 accounted for the highest market share of 36% of the overall packaging
automation market. Europe is anticipated to witness significant growth owing
to the presence of large number of industries. The major countries witnessing
the augmented demand for packaging automation include U.K. and France.
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Asia-Pacific region is the next biggest market holding the second largest market
of packaging automation. Likely, Asia-Pacific is anticipated to witness significant
growth owing to rapid industrialization accompanied by increasing
manufacturing activities in this region during the forecast period. Furthermore,
china automotive market share is expected to show considerable growth owing
to rising demand for packaging automation from automotive industry. In
addition to this, positive GDP figures of Asia-Pacific region are also expected to
bolster the growth of packaging automation market by the end of 2024.
Latin America is also projected to show a tremendous growth over the forecast
period owing to rapid urbanization.
Market Segmentation
Our in-depth analysis segmented the global packaging automation market in the
following segments:
By Function
Case Packaging
Palletizing
Labeling
Bagging
Filling
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Capping
Wrapping
Others
By Product Type
Automated Packagers
Packaging Robots
Automated Conveyors and Sortation Systems
Others
By End User
Food and Beverages
Healthcare
Logistics and Warehousing
Chemical
Retail
Semiconductor and Electronics
Aerospace and Defense
Automotive
Others
By Region
Global packaging automation market is further classified on the basis of region as follows:
• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
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• Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
Market size, Y-O-Y growth & Opportunity Analysis
• Middle East and Africa (GCC, South Africa, North Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
The factors driving the growth of packaging automation market include rising safety
concerns among the manufacturers and growing adoption of automation packaging
due to high productivity. Further, strict safety regulation is believed to bolster the
growth of automation packing market. Growing start up industries and increasing
adoption for the packaging automation technology in developing nations are also
envisioned to bolster the growth of packaging automation market.
Moreover, increasing advanced technological developments such as autonomous
robots, packaging robots, digital manufacturing and others are anticipated to be the
dynamic factor behind the growth of packaging automation market. Packaging
automation market is growing on back of rapid urbanization and growing
industrialization. Additionally, increased concerns for labor safety and adoption of
automation to ensure quality production are also anticipated to grow the demand
for packaging automation over the forecast period. Moreover, lack of skilled labor
and rising per capita income of developing nations is expected to foster the growth
of packaging automation market.
However, high initial investment associated with the packaging automation is
anticipated to dampen the growth of global packaging automation market over the
forecast period. Moreover, high maintenance associated with packaging automation
is expected to hamper the growth of this market.
Key players
The major key players for packaging automation market are as follows
Schneider Electric SE
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Rockwell Automation
Siemens AG
ABB Ltd.
Mitsubishi Electric Corporation
Automated Packaging Systems
Emerson Electric Co.
Beumer Group GmbH & Co.
Swisslog Holding AG
Kollmorgen
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Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global baby wireless monitor Market is segmented as follows:
By Function Market Size & Y-O-Y Growth Analysis
By End User Market Size & Y-O-Y Growth Analysis
By Product Type Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product
Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic
environment
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