Packaging Automation - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Packaging automation market is expected to grow from $30.98 billion in 2016 to reach $59.21 billion by 2023 with a CAGR of 9.6%. Huge competition among companies in the markets, need for supply chain integration, rising globalization of production, need for lean & cost effective manufacturing and reduced labor costs are the major drivers propelling the market growth. Factors such as large capital investment and higher level of maintenance are hindering the market growth.
By end- user segment, the food and beverages sector holds the largest share in the market. The rising applications for automation in this industry are accelerated by the intensifying competition among contemporaries in the business. By Geography, the European packaging automation market witnessed incredible gains in the market due to the rapid adoption of new technologies by the people and the presence of various manufacturing units and packaging automation providers in this region. Asia Pacific is also expected to witness lucrative opportunities in the market due to booming automotive, healthcare, and food and beverages industries which exhibit high demand for advanced packaging solutions.
Some of the key players in the packaging automation market include Mitsubishi Electric Corp., Siemens AG, Kollmorgen, ABB Ltd., Rockwell Automation, Inc., DE-STA-CO, Swisslog Holding AG, ULMA Packaging, Denso, Automated Packaging Systems, Inc., Schneider Electric Se, TS Automation Tooling Systems, Massman Automation Designs, LLC, Beumer Group GmbH & Co. Kg, Emerson Electric Co. and Gerhard Schubert GmbH.
End Users covered : • Retail • Aerospace and Defense • Healthcare Pharmaceutical Medical Device • Chemical • Automotive • Semiconductor and Electronics • Logistics and Warehousing E-Commerce • Cosmetic • Household • Confectionery • Food & Beverages • Other End- Users
Regions Covered: • North America US Canada Mexico • Europe Germany UK France Italy Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends. - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements