Packaging Automation Market is anticipated to worth USD 57,788 million in 2019, with a CAGR of 10% during 2019-2025
Published | 04 April 2019
According to BlueWeave
Consulting, the global Packaging Automation market is anticipated to worth USD
57,788 million by 2019, with a CAGR of 10% during 2019-2025. The Global
Packaging Automation Market is expected to grow with a significant rate during
the forecast period 2019-2025, owing to the growing adoption of advanced
packaging technology across various end-user industries to minimize their labor
cost and increase their productivity.
The increment in the rate of
industrialization & manufacturing activities owing to the growing
population and reduction in the labor cost due to automated packaging, which
requires less manual inputs, are driving the Packaging Automation Market.
Moreover, the rise in applications of this solution in various industries, including
food & beverage, healthcare & pharmaceuticals, and e-commerce &
logistics industry, chemicals, automotive, and others, will boost the Packaging
Automation Market in the upcoming year.
Moreover, the major factor
driving the market growth is raising safety concerns among the manufacturers
for the workers, coupled with increasing advanced technological developments
such as autonomous robots, packaging robots, digital manufacturing. Furthermore, huge intense competition among
companies in the market, demand for supply chain integration, augmenting
globalization of production, need for lean & cost-effective manufacturing
and labor costs will accelerate the growth of Packaging Automation Market.
Additionally, rising awareness about the retention of product quality and
sustainable packaging will contribute to Packaging Automation Market growth
during the forecast period.
Packaging
Robots type of Packaging Automation Market is projected to be the leading
product of the overall market during the forecast period.
Based on product type, the
Packaging Automation Market has been segmented into Automated Packagers,
Packaging Robots, and Automated Conveyors & Sortation Systems. Packaging Robots dominates the global
Packaging Automation owing to its application to provide product safety and
quality throughout the value chain and rendering green machines with minimal
environmental impact. Automated Conveyors & Sortation Systems market will
boost by its huge demand in the e-commerce industry for its enhancing flexibility,
increased shipping accuracy, and more frequent shipments.
Palletizing
is expected to the leading applications for the Packaging Automation market during
the forecast period.
Based on application type,
the Packaging Automation Market has been segmented into wrapping, capping,
filling, labeling, palletizing, and others. Palletizing will lead the global
Packaging Automation owing to its applications in handling heavy loads and
stacking cases, bags, bottles, and cartons for packing and labeling products. Wrapping the market will drive by its
features like high packaging speeds and improve packaging quality, which led to
minimizing labor costs.
Food
& beverage is projected to lead the industry for utilizing applications of
Packaging Automation during the forecast period.
Based on End-User, the
Global Packaging Automation Market has been segmented into Food & Beverage,
Healthcare & Pharmaceutical, Automotive, E-commerce & Logistics,
Chemicals, and Others. Food & beverage dominates the global Packaging Automation
due to an increase in demand for rigid packaging solutions such as filling and
palletizing machines that help in packaging beverages in hard plastics or
bottles. Healthcare & Pharmaceutical market is expected to propel during
the forecast period, owing to the requirement of proper packaging to protect
them from environmental conditions. Besides, Packaging Automation is used to
prevent modification of their chemical properties, which demand blister packs,
plastic bottles, caps & closures, medical specialty bags, pouches, and
strip packs, medication tubes, and cartridges.
Europe
accounts for the lion’s share of the global Packaging Automation Market during
the anticipated period.
Based on the region, the
Packaging Automation Market has been segmented into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Europe dominates the
world Packaging Automation Market over the forecast period owing to the high
penetration of packaging manufacturing companies coupled with the rising in the
adoption of smart packing solutions in various industrial sectors. The Asia
Pacific is projected to be the fastest-growing market throughout the forecast
period due to demand for automated packaging products across various industries
such as food and beverages, logistics and warehousing, retail, healthcare,
chemical, automotive, and aerospace and defense.
Global
Packaging Automation Market Competitive Landscape
Companies in Global
Packaging Automation are Siemens AG, Rockwell Automation, Inc., ABB Ltd., Mitsubishi
Electric Corp., Schneider Electric SE, Emerson Electric Co., Swisslog Holding
AG, Automated Packaging Systems, Inc. Kollmorgen, BEUMER Group GmbH & Co.,
KG, Brenton, PakTech, SATO Holdings, Emerson Industrial Automation, Ulma
Packaging, ATS Automation Tooling Systems, Massman Automation Designs, Llc,
Denso Corporation, And Gerhard Schubert Gmbh, are the key players in the
manufacturing of Packaging Automation.
Browse Detailed Analysis
with TOC, “Global Packaging Automation
Market Size, By Product Type (Automated Packagers, Packaging Robots, And
Automated Conveyors & Sortation Systems), By Application (Wrapping,
Capping, Filling, Labeling, Palletizing, And Others), By End-Use-Industry (Food
& Beverage, Healthcare & Pharmaceutical, Automotive, E-Commerce &
Logistics, Chemicals, And Others), By Region (North America, Europe, Asia
Pacific, Middle East & Africa And Latin America); Growth Potential, Trends
Analysis, Competitive Market Size And Forecast, 2019-2025”
At
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