The packaging automation solution market was valued at USD 28.39 billion in 2015 and is expected to reach USD 52.42 billion by 2022, growing at a CAGR of 8.68% during the forecast period. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the packaging automation solution market. Also, the advancements in technology such as wireless technology, autonomous control, and wearable computing are driving the packaging automation solution market. The high capital cost and the high level of maintenance required are the factors restraining the growth of the packaging automation solution market.
"Packaging automation solution market for the palletizing function is expected to grow at a high rate during the forecast period."
The palletizing machines ensure an efficient way of moving products in the packaging automation solution market. The palletizing machines provide automatic means to stack cases of products onto a pallet in a predetermined pattern to form a layer. The concern to reduce the time involved in packaging has been a major driver for the use of palletizing machines in the packaging automation solution market.
"Packaging automation solution market for food and beverages industry is expected to witness high growth during the forecast period."
The packaging automation solution market for the food and beverages industry is expected to grow at an exponential rate during the forecast period. The manufacturers in the food and beverages sector are under constant pressure to lower costs and increase efficiency and at the same time maintain their market position due to intense competition in the market. The food and beverages industry requires the use of primary packaging to protect the products from outside influences such as damage and contamination and also to provide consumers with ingredient and nutrition information. This has been the major driver for the growth of the food and beverages industry in the packaging automation solution market.
"APAC is expected to witness high growth during the forecast period."
The increasing use of packaging automation in industries such as food and beverages, logistics and warehousing, healthcare, and semiconductor and electronics in APAC is driving the market in this region. The strong government support in countries such as China and India to thrive on industrial automation is also boosting the growth of the packaging automation solution market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts in the packaging automation industry. The breakup of the profiles of primary participants has been shown below:
- By Company Type: Tier 1—55 %, Tier 2—20%, and Tier 3—25%
- By Designation: C-Level Executives—25%, Directors—55%, and Others—20%
- By Region: North America—30%, Europe—20%, APAC—40%, and RoW—10%
The report also profiles the key players in the packaging automation solution market. The prominent players profiled in this report are Rockwell Automation (U.S.), ABB Ltd. (Switzerland), Mitsubishi Electric Corp. (Japan), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Swisslog Holding AG (Switzerland), Siemens AG (Germany), Automated Packaging Systems, Inc. (U.S.), Kollmorgen (U.S.), and BEUMER Group GmbH & Co., KG (Germany).
This research report categorizes the packaging automation solution market on the basis of product type, function, software and service, industry, and geography. It also provides Porter's five forces analysis, along with the description of each of its forces and their impact on the packaging automation solution market. The report also discusses major drivers, restraints, challenges, and opportunities for the market.
Reasons to Buy the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the packaging automation solution market comprehensively and provides the closest market size estimation for major industries across various regions.
2. The report would help stakeholders understand the pulse of the market and provide them with the information on drivers, restraints, challenges, and opportunities for the market.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product launches and developments, expansions, agreements, contracts, and acquisitions.
Read the full report: http://www.reportlinker.com/p04466098-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/packaging-automation-solution-market-by-product-type-function-software-and-service-industry-and-geography---global-forecast-to-2022-300380175.html