DUBLIN, Dec. 16, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Packaging Automation Solution Market by Product Type, Function, Software and Service, Industry, and Geography - Global Forecast to 2022" report to their offering.
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.
Europe held the largest share of the packaging automation solution market in 2015. Germany is a major contributor to the growth of the packaging automation solution market in Europe. The high growth of the market in Europe can be attributed to the fast adoption of new technology by the masses and the presence of several manufacturing industries and also packaging automation providers in the region; these companies offer a wide range of automated packaging systems for applications in industries such as food and beverages, logistics and warehousing, retail, healthcare, chemical, automotive, and aerospace and defense.
Factors such as high capital cost and high level of maintenance required for automated packaging systems are restraining the growth of the packaging automation solution market. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the packaging automation solution market. In addition, it analyzes the current market scenario and forecasts the market size till 2022.
- ABB Ltd.
- Automated Packaging Systems, Inc.
- Beumer Group Gmbh & Co., KG
- Emerson Electric Co.
- Mitsubishi Electric Corp.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Swisslog Holding AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Packaging Automation Solution Market, Software and Services
8 Packaging Automation Solution Market, by Function
9 Packaging Automation Solution Market, by Product Type
10 Packaging Automation Solution Market, by Industry
11 Geographical Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qzjknh/packaging
Research and Markets
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SOURCE Research and Markets