Middle East And Africa 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 the Middle East countries grew from 3% to more than 5% in 2012 and the inflation rate has remained relatively constant. This gives the consumer more money in hand to spend on products from the markets. Packaging and Lifestyle issues go hand in hand. Middle East has one of the highest GDP per capita, so the consumers have more disposable income to spend on e-commerce retail, luxury retail and retail in stores. With the increase in sales of products the packaging market will be growing to cater to the needs of both the consumers and retailers. Countries like Qatar have GDP per capita more than $100,000 so as the purchasing power increases so does the packaging market.
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.
Africa is on the rise. Economy, for the most part, is booming given the relatively stable political scenario in the region. Africa's GDP growth from 4.7% in 2013 to 5.2% in 2014 and the FDI growth of 16%, reaching $43 billion in 2014, show a positive economic trend. Countries across Africa, from mineral-rich Sierra Leone and Congo to agrarian economies like Ethiopia and Rwanda, have shown growth across multiple macro-economic parameters.
With inflation in the region going down from 10.7% in 2013 to 6.2% in 2014, domestic spending is on the rise. Retail, from e-commerce to mom and pop stores, has racked up the biggest gains. Packaging in Africa is fast catching up to meet the growing needs of a continent that is booming with investment from a vast number of foreign players. Given the relative lack of proper infrastructure, the vast distances that goods need to be transported over land from a few international ports make packaging a necessity.
Food and industrial goods imports into Africa make up a significant share of the packaging market in the region. Rising demand for packaged foods, a need to keep costs down and investments in food processing are propelling the growth of packaging in the region.
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.
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 concerns for this area are that the region is prone to be unstable. This instability caused due to extremism and terrorism affects the companies investing in the market and also spooks the future investors. With USA providing lot of support to countries from this region these fears should be allayed. As sanctions against Iran are being lifted gradually this region will grow and prosper.
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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