Latin America Packaging Automation Market - By Solutions, Products, End Users, Countries And Vendors - Forecasts, Trends And Shares (2014- 2019)
LONDON, Oct. 21, 2014 /PRNewswire/ -- The economy of Latin America is expected to grow from 2.9% in 2014 to 3.5% in 2015 and 3.7% in 2016. The steady growth in this region for some years and economic policies has improved the lives of millions. The poverty rate has also declined from 42% in 2000 to 25% in 2012 and the middle class has increased from 22% to 34% in the same time. The FDI in this region received $173.36 billion in 2012 which is 6.7% more than 2011. This accounts for 12% of the global flows.
This increase in middle class population and the growth in the economy mean higher income for the people and also increase in urbanization.
This increase in the retail market compounded with the growth of the economy of this region, the packaging market will grow rapidly. The regional demand and the export market have a high demand for packaging.
This growing demand for packaging is met by the automation packaging which helps speeding up the process of packaging of goods. As the demand for packaging increases the, demand for automated packaging also increases.
Increasing competition is forcing manufacturers to take steps that reduce costs of their packaging processes. Those who are not moving with time are at risk of losing market share as well as possibility of being pushed out of the market place. Adopting cost cutting measures means automating different manual processes and increasing the level of semi-automation process. Packaging was a completely manual process, before packaging automation made an impact.
Processes like filling, labelling, bagging, palletizing, capping and others have been automated. No more manual intervention is required for these processes. Different enterprises manufacturing products like food, pharmaceuticals, cosmetics, personal care, beverages and even warehouses are increasingly using such automation solutions to streamline their business processes as well as reduce operating costs.
The major problem with this market is the striking socioeconomic differences. The regions close to the urban areas have high GDP per capita which is very much different from the other regions. Also Brazil, Mexico and Argentina are the major driving force of the region and the other countries are still not the major drivers in terms of economy and FDI. With this region getting a lot of investment and support from countries like USA the economic situation will improve and create more economic hubs across the region.
There are many vendors who are manufacturing different packaging automation solutions. Some of them mentioned in the report are ABB, Mitsubishi, Schniedier Electric, Rockwell Automation, Swisslog, and Rockwell Automation.
Reasons to buy this report
1) Report gives complete market insights, the driving forces of the market, the challenges market faces, and overview of different packaging testing technologies and their applications
2) It gives market trends of type of package testing technology
3) A complete market breakdown has been done by different countries to give a detailed picture of the market in that particular region
4) The report also gives information on major enterprises providing Package Automation solutions, their existing share in the market, strategies they adopt along with their automation solutions, financials, recent developments and profile of these vendors.
Who should be interested in this report?
1) Vendors who are into manufacturing of different packaging automation solutions as they can get an overview of what competitors are doing and also which markets they can look forward to expand their operations
2) Manufactures in need of better understanding of different packaging automation solutions and companies which are providing such services
3) Investors who are willing to invest in this market
4) Consultants who can have readymade analysis to guide their clients
5)Anyone who wants to know about this industry
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