Global Packaging Automation Market: Snapshot
The global packaging automation market is projected to expand while riding on the rising need to reduce storage and packaging cost, maintain packaging quality, and improve labor productivity. The growing trend of automation in the packaging industry could also highlight the global packaging automation market. On the other hand, safety regulations in profit-making industries such as food and beverage and healthcare are foreseen to augment the demand in the global packaging automation market. Manufacturers are adopting applications with automated reporting features to adhere to safety regulations in their respective industries.
The global packaging automation market is envisaged to post a 9.7% CAGR during the forecast period 2017-2025 to achieve a valuation of US$69.73 bn by the end of 2025. In 2016, the global packaging automation market was valued at a US$31.12 bn.
Food and Beverage Takes Advantage of High Demand for Automation to Lead Market
By industry, the global packaging automation market is classified into automotive, electronics, retail, healthcare, food and beverage, logistics, and other segments. Among these, food and beverage is prognosticated to account for a king’s share of the global packaging automation market during the course of the forecast period. In 2016, it secured a 24.3% of the total share of the global packaging automation market. High level of competition between food and beverage businesses has drastically raised the demand for automation in the industry. This is expected to bode well for the growth of the food and beverage segment in the global packaging automation market.
With respect to type, the global packaging automation market is segregated into automated conveyors, automated packagers, and packaging robots. Among these, packaging robots are foretold to rank higher in the global packaging automation market in terms of market share.
On the basis of application, the global packaging automation market is bifurcated into wrapping, capping, filling, labeling, palletizing, and other segments. In 2016, palletizing showed a dominating rise in the global packaging automation market as it collected a 27.0% share. Packaging automation is becoming a whole lot easier due to the move from conventional to hybrid palletizers.
Increasing Number of Remunerative Industries Helps Europe to Take Command of Market
From a geographical standpoint, the global packaging automation market is envisaged to find Europe taking hold of a colossal share in the foreseeable future. The region bagged a 37.0% share of the global packaging automation market in 2016. Europe banks on the presence of a significant count of industries operating in the region. Asia Pacific could closely follow Europe in terms of market share. Furthermore, North America is envisioned to tread upon the heels of Asia Pacific.
There could be rewarding opportunities available in the Asia Pacific packaging automation market, taking into account the boom of the food and beverage, healthcare, and automotive industries. Growing demand for sophisticated packaging solutions in these industries is prophesied to help Asia Pacific maintain its position in the global packaging automation market. China could exhibit maximum growth in the regional packaging automation market.
The global packaging automation market marks the presence of leading players including Siemens AG, Rockwell Automation, Inc., and Schneider Electric SE.
Global Packaging Automation Market: Overview
This report proposes strategic analysis of the global packaging automation market, and growth forecast for the period from 2017 to 2025. The scope of the research study covers competitive analysis of several market bifurcations based on the application, type and industries of the packaging automation market across different regional segments.
It also provides breakdown and analysis of several factors affecting the market growth, which are applicably defined as market drivers, restraints, and opportunities. In all, the report includes a complete analysis of the global packaging automation market, and provides an assessment of progress for the period 2017 to 2025, considering the numerous factors affecting the market.
Global Packaging Automation Market: Key Trends and Growth Drivers
Packaging is one of the significant elements of the product manufacturing process. It aids in protecting the products from physical damage, dust, and various other factors, adding further value to the products. In order to attain maximum profits, cost cutting becomes important in the light of intense competition and increasing globalization of manufacturing. Standardized HMI helps in reducing the learning curve required for training machine operators. HMI templates that are designed to offer consistent look and feel help the end users to reduce training and development time. While creating customizable and standardized HMIs, screen and navigation options are planned for various uses, so that the screens are easily customized as per the machines efficiently.
Safety regulations are major concerns among manufacturers especially in health care and food and beverage industry, more so in emerging economies such as India, China, and Latin America. Safety regulations can be adhered to by developing applications which include automated reporting capabilities that helps in generating brief reports for each packaging line.
Automation helps in reducing labor cost both directly and indirectly as well. Directly in the sense that every task that is done autonomously requires no labor force, thereby, cutting down the cost. Indirect labor saving is attained through automation that helps in reducing scraps, defective packaging, material handling and component orientation time. Large industries where bulk of items are packed per minute require robotic automation to fulfil the packaging demand. Application of automated machines means it requires less labor to accomplish the packaging process, thus lessening the labor cost in the long term period. Automation is boosting the demand of packaging automation in the global market since the present automated machineries needs less maintenance, thereby reducing the machine downtime. Investment in automatic equipment is costly that is easily recoverable; but smaller companies do not want to invest huge amounts as they do not want to take risks at the preliminary stage.
The E-commerce sector is booming globally especially in developing countries. Due to the rapid growth of e-commerce, worldwide logistics has become complex and difficult to keep up with. Packaging is an important part of the e-commerce sector. Demand for online shopping has increased in the past couple of years due to which online retailers require large e-fulfilment centers and efficient machinery for packaging the ordered products in bulk.
Global Packaging Automation Market: Key Segments
On the basis of industries, the market is bifurcated into logistics, food and beverages, healthcare, retail, electronics, automotive among others. The food and beverage segment accounted for the highest revenue share in 2016. Health care segment is one of the fastest growing market in the global packaging automation market. The packaging automation market is bifurcated into six segments based on the applications. They are palletizing, labeling, filling, capping, wrapping among others. Among these six application segments, palletizing segment held highest market revenue share during the forecast period. Based on types, the market is bifurcated into packaging robot, automated packagers and automated conveyors. The packaging robot segment accounted for the highest revenue share during the forecast period. Based on the region is segregated into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Europe accounted for the highest market revenue followed by Asia Pacific, North America, Middle East and Africa and Latin America.
Companies Mentioned in Report
Some of the principal players in the global packaging automation market are Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Automated Packaging Systems, Inc. (U.S.), Emerson Electric Co. (U.S.), Beumer Group GmbH & Co., Kg (Germany), Swisslog Holding AG (Switzerland), and Kollmorgen (U.S.)among others.
The market has been segmented as follows:?
Global Packaging Automation Market, by Application:
Global Packaging Automation Market, by Type:
- Packaging Robot
- Automated Packagers
- Automated Conveyors?
Global Packaging Automation Market, by Industries:
- Food and Beverages
- Health Care
Packaging Automation Market, by Geography: The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Middle East & Africa and Latin America
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America