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Packaging Automation Solution Market expected to be worth 52.42 Billion USD by 2022

 



(USGovernment-News.Com, April 05, 2018 ) According to the new research report "Packaging Automation Solution Market by Product Type (Automated Packagers, Packaging Robots, and Automated Conveyors & Sortation Systems), Function (Case Packaging, Palletizing), Software and Service, Industry, and Geography - Global Forecast to 2022", the market is expected to grow from USD 28.39 Billion in 2015 to USD 52.42 Billion by 2022, at a CAGR of 8.68% between 2016 and 2022. 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.



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Packaging robots to witness high growth during the forecast period



Packaging and palletizing applications have become more efficient and faster with the use of robots in diverse sectors such as automotive, food and beverages, and retail. The increased use in various functions such as picking, placing, and case packaging would be the major driving factor for the growth of packaging robots in the packaging automation solution market. The high degree of flexibility provided by packaging robots has also increased their use in the packaging automation solution market.



Case packaging function expected to hold the largest share of the packaging automation solution market



Case packaging is one of the important functions in the packaging industry. Case packaging machines have been used for secondary packaging of the primary packaged goods across end-user applications. Case packaging is being used in many of the applications as the secondary form of packaging. This increased use of case packaging in diverse industries has helped case packaging function lead the packaging automation solution market.



Europe expected to hold a major share of the packaging automation solution market during the forecast period



Europe held the leading position in the packaging automation solution market in terms of market size (value) in 2015. Countries such as Germany, U.K., Italy, and France play an important role in the packaging automation solution market in Europe. Many companies in the European market are offering advanced, user-friendly, and cost-effective packaging automation solutions. The overall use and growth of packaging automation solutions in all the European countries with initiatives from the European Union would help the growth of the packaging automation solution market in the region.



The major players in the packaging automation solution market 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).



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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.



M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.



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