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Global Packaging Automation Market is Expected to Reach $59.21 billion by 2023

Packaging Automation Market Research Report

Packaging Automation Market Research Report

Market Research Report on Global Packaging automation Market

RAIPUR, INDIA, December 1, 2017 / --

Report Sellers has added a new market research report “Packaging Automation- Global Market Outlook (2017-2023)” to its offerings.

According to Report, the global packaging automation market is expected to grow from $30.98 billion in 2016 to reach $59.21 billion by 2023 with a CAGR of 9.6%. Huge competition among companies in the markets, need for supply chain integration, rising globalization of production, need for lean & cost effective manufacturing and reduced labor costs are the major drivers propelling the market growth. Factors such as large capital investment and higher level of maintenance are hindering the market growth.

By end- user segment, the food and beverages sector holds the largest share in the market. The rising applications for automation in this industry are accelerated by the intensifying competition among contemporaries in the business. By Geography, the European packaging automation market witnessed incredible gains in the market due to the rapid adoption of new technologies by the people and the presence of various manufacturing units and packaging automation providers in this region. Asia Pacific is also expected to witness lucrative opportunities in the market due to booming automotive, healthcare, and food and beverages industries which exhibit high demand for advanced packaging solutions.

Some of the key players in the packaging automation market include Mitsubishi Electric Corp., Siemens AG, Kollmorgen, ABB Ltd., Rockwell Automation, Inc., DE-STA-CO, Swisslog Holding AG, ULMA Packaging, Denso, Automated Packaging Systems, Inc., Schneider Electric Se, TS Automation Tooling Systems, Massman Automation Designs, LLC, Beumer Group GmbH & Co. Kg, Emerson Electric Co. and Gerhard Schubert GmbH.

Browse through the complete description and in-depth TOC on “Global Packaging Automation Market”

What does the Report Offers

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global packaging automation market has been segmented by products covered, functions covered, businesses covered, end users covered and regions covered

Products covered:
Packing Robots
Automated Packagers
Automated Conveyor & Sortation Systems

Functions covered:
Case Packaging
Horizontal/Vertical Pillow
Other Functions

Businesses covered:
B2B e-commerce retailers
B2B e-commerce retailers
Omni Channel Retailers
Wholesale Distributors
Personal Document Shippers

End Users covered :
Aerospace and Defense
Medical Device
Semiconductor and Electronics
Logistics and Warehousing
Food & Beverages
Other End- Users
Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
South Africa

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