Some
of the top players operating in the global
end-of-line packaging market are
Combi Packaging Systems LLC, Gebo Cermex, Schneider Packaging
Equipment Co. Inc., Festo Corporation, Pro Mach, Inc., DS Smith Plc.,
Bosch Packaging Technology, IMA S.p.A., and Krones AG., notes
Transparency Market Research (TMR). A number of prominent players are
offering technologically-advanced integrated packaging solutions for
meeting a variety of needs of their clients, in order to gain a
competitive edge over others. Several players are offering automatic
and semi-automatic complete end-of-line packaging solutions that can
be easily integrated into the existing packaging lines. A number of
companies are also focused on offering customized standalone as well
as integrated end-of-line packaging solutions.
The global end-of-line packaging
market stood at US$ 4,221.1 mn by the end of 2017, vis-à-vis
revenue. The global market is projected to rise at a CAGR of 4.0%
from 2017 to 2026.
The various end-use industries for
the application of end-of-line packaging are pharmaceuticals,
automotive, electronics and semiconductor, chemical products, food
and beverages, and consumer products. Of these, the pharmaceuticals
industry is the most promising segment and is projected to expand at
the leading CAGR during 2017–2026. Meanwhile, the food and
beverages segment is anticipated to account for the leading share in
the overall market throughout the assessment period.
Regionally, Europe is the leading
market for end-of-line packaging accounting for the dominant share
throughout the forecast period. This will be trailed by North America
and Asia Pacific, with the latter expected to rise at a robust CAGR
during the forecast period. The substantially rising demand for
automation in several end-use industries is stoking the demand for
end-of-line packaging in these regions.
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Automated
End-Of-Line Packaging across Industrial Sector Boost Market
The vastly rising demand for
automating machinery in several end-use industries, notably in
manufacturing industries, is attributed to pressing need for boosting
operational output. This is a key factor driving the end-of-line
packaging market. The intensifying need for modernizing manufacturing
facilities is a key factor stoking the demand for such semi-automated
and automated technologies. The market is expected to vastly benefit
from the rapid strides taken by the manufacturing sector in various
developing regions. This is further accentuated by the rising need
for modernizing the manufacturing sector.
The intensifying need for
improving workplace conditions through adoption of automation is a
notable factor bolstering the demand for end-of-line packaging
solutions. Various end-use industries are adopting a number of
developing countries are focused on reducing labor cost and improving
their bottom lines. This has stoked the demand for palletized
packaging solutions, thereby fueling the growth of the market.
