Press Release: March 31, 2020
The global packaging automation solution market has witnessed a substantial growth in recent years. The rise in the adoption rate of packaging automation solutions by industries as well as growing need for supply chain integration are the key factors fuelling the growth of the global packaging automation market. In addition, the growing trend of customised packaging automation solutions as well as growth in e-commerce and retail sectors will further propel the growth of the packaging automation solution during the forecast period.
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The case packaging function is estimated to dominate the packaging automation market in 2016 owing to the increasing demand from industries for the purpose of secondary packaging. The case packaging as well as palletizing segment is expected to grow at substantial growth rates during the forecast period. This growth can be attributed to the increased usage of robots for picking, placing, case packaging in various industries such as automotive, food beverages and retail.
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Europe is estimated to dominate the packaging automation solution market in 2016. The key factors fuelling the growth of the market include favourable government policies and regulations pertaining to the use environment friendly products and increased demand for advanced as well as cost-effective packaging automation solutions. U.K. and Germany are the key countries in the region. On the other hand, Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to the presence of large number of end-use industries as well as rising application of packaging automation solutions in high growth industries majorly food and beverages as well as healthcare.
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This research report on packaging automation solution market provides in-depth analysis of the global packaging automation solution market based on product type, function, industry and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for packaging automation solution market. The report also analyses the competitive landscape and the major player and their strategies in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
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