DEC 2017
Germany has the largest market share followed by the United Kingdom and France. Food packaging, accounting for 30% of the market share, is the major industry segment in packaging automation market, followed by beverages and pharmaceuticals. The need for optimal space utilization, reduced supply chain times and increased efficiency has made warehousing industry to opt for packaging automation methods. Chemicals and confectionaries are other market segments that are increasingly adopting packaging automation. The European packaging automation market is estimated to grow from USD 4.68 billion in 2016 to USD 6.66 billion by the end of 2021. The market is forecasted to grow at a CAGR of 6.05% during this period.
Packaging is a dominant element in every product design. Consumer goods industries are trying to reduce the time interval between the design of a product and delivery to the point of sale. Ensuring swift packaging is therefore a key to maintaining short time-to-market for consumer products and is a decisive factor in the success of the product. 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.
Processes like filling, labeling, bagging, palletizing, capping and other several 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.
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.
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The research published on packaging automation covers different automation solutions such as filling, labeling, horizontal/vertical pillow, case packaging, bagging, palletizing, capping, wrapping and others. This report elaborates the situation of packaging automation market, and shows its application in end-user markets such as food, pharmaceutical, cosmetic, household, beverages, chemical, confectionary, warehouse and others along with accurate market metrics.
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