Packaging
Automation Market by Function (Case Packaging, Palletizing, Labeling, Bagging,
Filling, Capping, Wrapping) by Product Type (Automated Packagers, Packaging
Robots, Automated Conveyors Sortation Systems) and Region - Global Forecast to
2024
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
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
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.
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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
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
packaging automation 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
By Region
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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