Published by TMR Research Insights
Posted on August 18, 2021
As packaging of a product goes a long way towards making an impression as well as providing information to the end users, consumer product manufacturers are not shying away from adopting automation methods that can help them achieve greater product efficiencies. This factor is making a strong thrust on the global packaging automation market, which has been estimated to attain a valuation of US$69.73 billion by the end of 2025, according to a recent business intelligence study by Transparency Market Research (TMR). The report has projected the demand for packaging automation to increment at a potent CAGR of 9.7% during the forecast period of 2016 to 2025.
Global Shares Consolidated Within a Few Dominant Players
The analyst of the TMR report identifies Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Automated Packaging Systems, Inc., Swisslog Holding AG, Emerson Electric Co., and Kollmorgen as some of the most prominent players who collectively hold major shares in the global packaging automation market. That being said, the competition among these market leaders is stiff too, which in turn is providing considerable bargaining power to the end users. Most of the major players are investing on developing new technologies that adequately meet the diverse demands as a mode of gaining shares over their competitors. For instance, ABB Ltd. is focused on developing packaging robots. As for the new entrants, entry barrier are quite high and therefore, only a few of them are able to make a mark.
Application-wise, the TMR report has segmented the packaging automation market into labeling, wrapping, capping, filling, palletizing, and others, whereas product types are conveyors, packagers, and packaging robots. Industry-wise, the market has been bifurcated into automotive, electronics, retail, healthcare, food and beverages, and logistics. Geographically, Europe constituted for the greatest demand for packaging automation. However, Asia Pacific is primed to generate demand at a stronger growth rate than all other regions.
For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14096
Benefits Including Real-time Information Driving Demand
The demand for packaging automation is on the rise as they offer striking benefits over traditional methods, including delivery of real-time diagnostics and performance information, ease in integration, and enhanced safety over contemporary technologies. With these automation tools, manufacturers can not only maximize their production capacities and improve packaging flexibilities for different packaging sizes, they can also meet the requirements of consistently evolving workforce. Packaging automation tools are adequate at changing and scaling according to new products and hence are gaining adoption across medium and large industries alike.
Constant desire of industry players to reduce labor dependency, growing rate of industrialization and manufacturing functions across emerging economies, and the prosperity of the food and beverages and pharmaceutical industry are some of the other factors that will ensure a healthy growth of the packaging automation market. On the other hand, requirement of substantial initial cost is the primary restraint curtailing the progress of this market.
Key Takeaways:
The information presented in this review is based on a Transparency Market Research 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.”
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.
More Trending Reports by Transparency Market Research –
About Us
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.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/packaging-automation-market.htm
As packaging of a product goes a long way towards making an impression as well as providing information to the end users, consumer product manufacturers are not shying away from adopting automation methods that can help them achieve greater product efficiencies. This factor is making a strong thrust on the global packaging automation market, which has been estimated to attain a valuation of US$69.73 billion by the end of 2025, according to a recent business intelligence study by Transparency Market Research (TMR). The report has projected the demand for packaging automation to increment at a potent CAGR of 9.7% during the forecast period of 2016 to 2025.
Global Shares Consolidated Within a Few Dominant Players
The analyst of the TMR report identifies Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Automated Packaging Systems, Inc., Swisslog Holding AG, Emerson Electric Co., and Kollmorgen as some of the most prominent players who collectively hold major shares in the global packaging automation market. That being said, the competition among these market leaders is stiff too, which in turn is providing considerable bargaining power to the end users. Most of the major players are investing on developing new technologies that adequately meet the diverse demands as a mode of gaining shares over their competitors. For instance, ABB Ltd. is focused on developing packaging robots. As for the new entrants, entry barrier are quite high and therefore, only a few of them are able to make a mark.
Application-wise, the TMR report has segmented the packaging automation market into labeling, wrapping, capping, filling, palletizing, and others, whereas product types are conveyors, packagers, and packaging robots. Industry-wise, the market has been bifurcated into automotive, electronics, retail, healthcare, food and beverages, and logistics. Geographically, Europe constituted for the greatest demand for packaging automation. However, Asia Pacific is primed to generate demand at a stronger growth rate than all other regions.
For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14096
Benefits Including Real-time Information Driving Demand
The demand for packaging automation is on the rise as they offer striking benefits over traditional methods, including delivery of real-time diagnostics and performance information, ease in integration, and enhanced safety over contemporary technologies. With these automation tools, manufacturers can not only maximize their production capacities and improve packaging flexibilities for different packaging sizes, they can also meet the requirements of consistently evolving workforce. Packaging automation tools are adequate at changing and scaling according to new products and hence are gaining adoption across medium and large industries alike.
Constant desire of industry players to reduce labor dependency, growing rate of industrialization and manufacturing functions across emerging economies, and the prosperity of the food and beverages and pharmaceutical industry are some of the other factors that will ensure a healthy growth of the packaging automation market. On the other hand, requirement of substantial initial cost is the primary restraint curtailing the progress of this market.
Key Takeaways:
The information presented in this review is based on a Transparency Market Research 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.”
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.
More Trending Reports by Transparency Market Research –
About Us
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.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/packaging-automation-market.htm
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