North America is the current leader in packaging automation market. The region accounts for more than 30% of the global share and it is still growing. The growth in this region is attributed to factors like the culture of e-commerce and packaged food industry in North America. The North America packaging automation market is expected to grow from USD 16 billion in 2016 to USD 17.57 billion by the end of 2021. The market is forecasted to grow at a CAGR of 1.57% during this period.
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.
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 and they are now facing a severe brunt.
It is virtually impossible for the firms in developing nations to compete with their counterparts in developed nations without automation. This is a major factor pushing companies to implement automation in packaging solutions, which although are initially expensive to setup, provide long-term benefits economically and also in terms of the quality of the packaging.
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.
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.
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. Some of the major vendors providing packaging automation solutions are ABB, Mitsubishi, Schneider Electric, Rockwell Automation, Swisslog and Rockwell Automation.
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A comprehensive list of key market players along with the analysis of their current
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