Global Packaging Automation market Demand, Market Price, size and share

Summary

Orbis Research Present’s Global Packaging Automation Market By Solution, Businesses, Industry, Geography, Trends, Forecast (2017-2022)

Description

The Global Packaging Automation market is valued at USD 66.68 billion in 2016 and is expected to reach a value of USD 85.36 billion by the end of 2022, growing at a projected CAGR of 4.20% during the forecast period of 2017 – 2022. Packaging is a dominant element in every product design. Consumer goods industries are trying to reduce the time interval between the design of a product and delivery to the point of sale. Ensuring swift packaging is therefore a key to maintaining short time-to-market for consumer products and is a decisive factor in the success of the product.

Asia-Pacific is the leading market for packaging automation with China and Japan being the major markets in the region. Asia-Pacific and Latin American regions are the fastest growing regions in packaging automation market.

Currently, food packaging segment holds the maximum share of the global market followed by beverages. Household and confectionary markets are also growing at a CAGR of 13.00 % and 8.07 % respectively.

With increasing globalization of production and the intensely competitive nature of the packaging industry, cost cutting becomes imperative as companies are striving to maximize profits; but compromising on quality is not an option as the consumers are increasingly being aware and conscious of the products they use. This has created a great need for automation to be employed in packaging.

The research published on packaging automation covers different automation solutions such as filling, labeling, horizontal/vertical pillow, case packaging, bagging, palletizing, capping, wrapping and others. This report elaborates the situation of packaging automation market, and shows its application in end-user markets such as food, pharmaceutical, cosmetic, household, beverages, chemical, confectionary, warehouse and others along with accurate market metrics.

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Drivers

Need for lean & cost effective manufacturing, increased competition among companies in growth markets, and the necessity for equipment with higher operating efficiency and less downtime are the major drivers decisive in packaging automation market.

Challenges

Automated equipment requires high capital investment and a higher level of maintenance compared to a manually operated machine. With the economy in flux, this will pose a significant challenge for the growth of this market.

WHAT THE REPORT OFFERS

  • Market definition along with identification of key drivers and restraints for the market.
  • Market analysis with region-specific assessments and competition analysis on a global and regional scale.
  • Identification of factors instrumental in changing the market scenarios, rising prospects/ opportunities and identification of key companies that influence the global market.
  • Extensively researched sections of the competitive landscape with profiles of major companies, their strategic initiatives along with their market shares and key financial information.
  • Identification and analysis of the macro and micro factors that will determine the market trend in future.

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Major Points Covered in Global Packaging Automation Market Report:

  • Introduction
  • Executive Summary
  • Market Insights
  • Technology Overview
  • Packaging Automation Market by Businesses
  • Packaging Automation Market by End-User Market
  • Packaging Automation Market Segmentation by Solution
  • Packaging Automation Market Segmentation by Region
  • Vendor Market Share Analysis
  • Future of Global Package Automation Market

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