DUBLIN, March 2, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/kppwpd/north_america) has announced the addition of the "North America Packaging Automation Market - Forecasts, Trends & Shares (2015- 2020)" report to their offering.
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The North America Packaging Automation market is expected to grow from $16.25 billion in 2015 to $17.57 billion, by the end of 2020.
The market is forecasted to grow at a CAGR of 1.57% during this period. North America is the current leader in packaging automation market. The region accounts for more than 30% of the global share and it is still growing. The growth in this region is attributed to factors like culture of e-commerce and packaged food industry in North America.
With increasing globalization of production and the intensely competitive nature of the packaging industry, cost cutting becomes imperative as companies are striving to maximize profits; but compromising on quality is not an option as the consumers are increasingly being aware and conscious of the products they use. This has created a great need for automation to be employed in packaging.
The emergence of Asian market has resulted in drastic changes in the dynamics of manufacturing and production across Europe and North America. The availability of cheap labour has enabled companies in these regions to achieve increased productivity with lesser capital investments. As a result of this global nature of business, companies are able to claw deep into the market share of players from the developed economies and they are facing severe brunt.
It is virtually impossible for the firms in developing nations to compete with their counterparts in developed nations without automation. This is a major factor pushing companies to implement automation in packaging solutions, which although are initially expensive to setup, provide long term benefits economically and also in terms of the quality of the packaging.
Competition in the market place is forcing manufacturers to implement effective cost cutting measures. Adopting cost cutting measures means automating different manual processes and increasing the level of semi-automation process.
Companies Mentioned Include:
- Schneider Electric
- Rockwell Automation
- Rockwell Automation
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Technology Overview
5. North America Packaging Automation Market By Businesses
6. North America Packaging Automation Market By End US er Market
7. North America Packaging Automation Market Segmentation By Solution
8. North America Packaging Automation Market Segmentation
9. Vendor Market Share Analysis
10. Company Profiles
For more information visit http://www.researchandmarkets.com/research/kppwpd/north_america
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SOURCE Research and Markets