ALBANY, New York, October 11, 2018 /PRNewswire/ --
The global packaging automation market holds out a lot of potential as consumer products manufacturers increasingly adopt automated packaging methods to cut back on labor costs. Despite holding such a solid potential few players have entered the fray owing to high entry barriers. Nonetheless, companies that have come to hold a prominent position in the global packaging automation market are Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, ABB Ltd., and Mitsubishi Electric Corporation.
Competition is strong among them in the global packaging automation market. This is because most of them are expending money on developing new and better technologies to meet various needs of end users.
As per a report on the global packaging automation market by Transparency Market Research, it would likely rise at a high single digit CAGR of 9.7% over the forecast duration starting in 2016 and ending in 2025. At this pace, it projects the market's valuation to hit US$69.73 bn by 2025-end.
Application-wise, the global packaging automation market can be classified into labelling, palletizing, capping, filling, and wrapping. Among them, the segment of palletizing accounts for the leading share in the market. In 2016, its leading share was around 27%. Going forward, the palletizing segment is predicted to continue contributing majorly to the revenue in the overall global packaging automation market. However, there is expected to be a shift towards hybrid palletizers from the traditional ones. In addition, further honing of the technology to suit multiple requirements is also predicted to have a positive impact. Geographically, Europe holds a foremost position in the global packaging automation market. In 2016, its market was worth about US$11.51 bn.
Packaging Automation Sees High Uptake as it Reduces Labor Costs
Packaging automation basically entails packing products leveraging machines and robots. They thwart physical damage to the products. They also bring down packaging and labor cost besides lowering damage in the process of handling materials. States the lead analyst of the TMR report, "Packaging automation enables manufacturers to prepare more products for sale in a much less time." Apart from that, progress in the packaging industry such as emergence of various printing techniques, smart packaging, robotics and machinery, automation architecture, and software systems and interfaces are also having a positive impact on the global packaging automation market.
Food and Beverage and Ecommerce Sectors Emerge Frontrunners in Driving Demand
Some of the prominent end use industries driving revenue generation in the global packaging automation market are food and beverage, healthcare and pharmaceuticals, automotive, logistics and e-commerce, and chemicals. Among them, the e-commerce sector is generating most of the revenue in the packaging automation market. This is because of the rising popularity of the ecommerce sector in the past 10 years. The food and beverage industry is another major demand generator.
A noticeable trend in the global packaging automation market is savvy players turning their gaze towards Asia Pacific because of the swift rise of manufacturing and consumerism in the region.
The review is based on the findings of a TMR report, titled, "Packaging Automation Market (Application - Palletizing, Labeling, Filling, Capping, and Wrapping; Types - Packaging Robot, Automated Packagers, and Automated Conveyors; Industries - Logistics, Food and Beverage, Health Care, Retail, Electronics, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025."
The report segments the Global Packaging Automation Market into the following:
Global Packaging Automation Market, by Application
Cartoning Machines Market (Machine Type - Top-load, End-load, and Wrap-around; Capacity - Up to 70 CPM, 70 to 150 CPM, 150 to 400 CPM, and above 400 CPM; Orientation - Horizontal and Vertical; Dimension - Up to 200 Cm3, 200 to 1,000 Cm3, 1,000 to 5,000 Cm3, 5, 000 to 10,000 Cm3, and above 10,000 Cm3; End-use - Food, Beverage, Healthcare, Personal Care, and Homecare):https://www.transparencymarketresearch.com/cartoning-machines-market.html
Retort Pouches Market (Capacity - 0 ml- 350 ml, 351 ml - 500 ml, 501 ml- 1000 ml, 1000 ml - 3000 ml, and Above 3001 ml; Material Type - Aluminum, Polypropylene, Food Cast PP, Polyamide, and Polyethylene; Product - Stand Up Pouches, Spouted Pouches, Zipper Pouches, Pillow Pack, and 3-Side Sealed; Closure Type - With Cap and Without Cap; Application - Food and Pharmaceuticals):https://www.transparencymarketresearch.com/retort-pouches-market.html
Mobile Phones Packaging Market (Packaging Type - Rigid Boxes, Folding Cartons, Flexible Films, Insert Trays, and Thermoformed Blisters; Material Type - Paperboard, Plastics (Polyethylene terephthalate, Polyvinyl chloride, and Polyethylene), and Molded Fiber; Application - Smart Phones, Feature Phones, and Refurbished Phones):https://www.transparencymarketresearch.com/mobile-phones-packaging-market.html
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email:firstname.lastname@example.org