The rising industrialization levels across many countries, objectives of many industrial plants to decrease labor dependency, and emergence of the latest technologies in packaging industry will influence the growth structure of the packaging automation market during the forecast period of 2017-2025.
The use of packaging automation systems for functions such as wrapping, palletizing, capping, filling, labeling, and others may bring exponential growth prospects. Logistics, electronics, retail, healthcare, automotive, and others are vital end-user industries that will invite extensive growth opportunities for packaging automation market.
Packaging automation is the procedure of product packaging without human assistance. They are developed and customized according to the requirement of a specific end-user industry. It can be used for simple functions such as forming and sealing cartons as well as for complicated functions such as stacking, sealing, and unitizing full pallets of goods. The advantages associated with adoption of packaging automation equipment will bring immense growth opportunities during the forecast period.
The emergence of the latest industrial revolution, Industry 4.0 is encouraging many manufacturers to adopt latest technologies such as automation, machine learning, interconnectivity, etc. This aspect is urging many manufacturers to embrace automation at a rapid rate. It helps in enhancing growth prospects of the packaging automation market. Packaging automation tools help in boosting the flexibility quotient for various packaging sizes and seamlessly meet the requirements of the constantly evolving workforce. Hence, all these factors will have a profound impact on the growth cycle of the packaging automation market.
Transparency Market Research’s (TMR’s) report on the packaging automation market has every component that will assist stakeholders in understanding the current scenario. The overall market research survey on packaging automation by TMR suggests a stable growth period.
According to TMR experts, the market for packaging automation is prognosticated to expand at 9.7 percent CAGR during the forecast period of 2017-2025. In the context of valuation, the packaging automation market is estimated to reach US$ 69.73 bn by 2025. The global market was valued at US$ 31.12 bn in 2016.
Extensive Adoption of Packaging Automation across Medium and Large Industries to Bring Promising Growth
The industrialization prospects are escalating at a faster rate across various countries. This factor will help in strengthening the growth trajectory of the packaging automation market. The players in the packaging automation market are adopting various strategies for increasing their consumer base. This aspect promotes packaging automation systems among many industrial plants and manufacturing units. Many medium and large-scale industries are adopting packaging automation due to its overwhelming benefits. Hence, the growing sales of packaging automation systems from medium and large scale industries will add extra stars of growth.
Food and Beverage Industry to Garner Considerable Growth for Packaging Automation Market
The fierce competition across the food and beverage industry is leading to an increase in the installation of packaging automation systems. To facilitate quick delivery and maintain the standard of the food product, manufacturers in the food and beverage industry leave no stone unturned. Furthermore, the safety regulations passed by numerous countries are helping in boosting the adoption levels of packaging automation systems, eventually increasing the growth rate.
Europe and Asia Pacific will contribute Largely to Packaging Automation Market Growth
Of all the regions, Europe will contribute immensely to the growth of the packaging automation market. The presence of a large number of industries will prove to be a vital growth factor for the packaging automation market in Europe. Asia Pacific is also estimated to hold a good chunk of growth-share during the forecast period of 2017-2025.
Some well-entrenched players in the packaging automation market are Rockwell Automation, Inc., Siemens AG, and Schneider Electric SE.
Key Segments of the Global Packaging Automation Market
- Packaging Robot
- Automated Packagers
- Automated Conveyors
- Food and Beverages
- Health Care
By Region and Country:
- 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
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