China has the largest share in the Asia-Pacific packaging automation market, followed by Japan and India. The growth in this market is attributed to growth in economies, robust credit growth, and steady growth in labor markets across this region. China, India, and Japan are the world’s leading exporters. China exported more than USD 2 trillion worth of goods around the world in the recent years. These exports vary from industrial goods to homecare and stationery. This enormous expansion is a result of growth in the packaging industry boosted by the automated packaging methods.
Processes like filling, labeling, bagging, palletizing, capping, and other stages of packaging have been automated in many parts of the world. No more manual intervention is required for these processes. Enterprises manufacturing products like food, pharmaceuticals, cosmetics, personal care, beverages, and even warehouses are increasingly using such automation solutions to streamline their business processes as well as reduce operating costs.
PC-based automation, integrated automation environment, and motion sensing technology are some key trends in this market. The integration of the packaging process by incorporating techniques like machine to machine communication will ensure enhanced automation process and effective packaging.
Asia-Pacific Packaging Automation Market-Market Dynamics
The emergence of the Asian market has resulted in drastic changes in the dynamics of manufacturing and production across Europe and North America. The availability of cheap labor 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. Competition in the marketplace 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.
Some of the factors driving the market include:
There are, however, some factors restraining the market as well. These include:
These problems can, however, be allayed as the governments are increasingly opening up the local market to attract global investors. They are also implementing new projects to help the infrastructure to support the supply chain.
The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end-user industry. Along with analysis of the major players and their strategies, detailed market estimates for the next five years are also included. The report will be of assistance in providing a comprehensive analysis of the major trends, innovations, and associated prospects for market growth over the coming half a decade. The report will be an ideal source material for industry consultants, manufacturers, and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered. The report contains a wide range of information about the leading market players and the major strategies adopted by them.
Some of the major vendors providing packaging automation solutions are:
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