The manufacturing sector has
witnessed growth at an average annual rate of 4% in the past few years. This
sector has largely emphasized on adopting processes that are precise,
efficient, and safe. Automation within machineries can help cater to these burgeoning
demands. Various end-of-line packaging solution providers are integrating
automation to increase the end user throughput and operability of machines.
Moreover, the need to modernize manufacturing facilities is anticipated to
drive the demand for end-of-line packaging machineries. Today, the enterprises
with profitable businesses are strategizing to reduce costs to achieve a better
bottom line. Industries, especially in the developing countries (such as
BRICS), are faced with high labor costs and lack of skilled labor and high
turnover. End-of-line packaging solutions eliminate the need to constantly find
and train a new workforce, and allows employers to allocate available workforce
more value adding tasks, which in turn can reduce labor turnover through
improved workplace conditions.
Installation of robots in packaging operations at production
facilities has increased largely due to the urge from operators to increase
production efficiency. Robotic installation in packaging lines offers
high-speed efficiency and reduces manual dexterity of product picking, packing,
and palletizing. It facilitates increased equipment efficiency at low
operational costs and offers impressive returns on investment. Furthermore,
robotics can be more efficient in handling lightweight packaging. These robots
are likely to cause less package damage as compared to conventional packaging
methods. These value-added benefits offered by robotic automation is
influencing key manufacturers to install robotic automation systems at manufacturing
and packaging facilities.
Revenue generated from the sales of end-of-line
packaging is estimated to be valued at US$ 4,070.5 Mn by the end of 2016
and is expected to increase at a CAGR of 4.0% over the forecast period.
Increasing demand for high degree of automation in packaging lines and its
added advantage of reducing the labor and packaging cost is expected to drive
the demand for end-of-line packaging solutions over the forecast period.
On the basis of technology, the end-of-line packaging market is
segmented into automatic and semi-automatic. On the basis of function type, the
global market is segmented into standalone and integrated. The standalone
segment is further segmented into machineries used for palletizing, carton
erecting, packaging and sealing, stretch wrapping, and labelling among others.
The global end-of-line packaging market is also segmented based on end-use
industries such as food and beverages, pharmaceuticals, automotive, electronics
and semiconductor, and chemical products among others. On the basis of received
order type, the global market is segmented into standard order and customized
order.
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Top companies in the packaging
market are focused on innovation in packaging format and cost-effective
solutions. These factors are expected to drive demand for customized integrated
solutions, which are anticipated to offer cost-effective solutions by reducing
labor costs as well as innovative end-of-line packaging. On the basis of
function type, the integrated end-of-line packaging segment is estimated to
create highest incremental opportunity over the forecast period. On the basis
of application, the pharmaceuticals segment is expected to witness the highest
growth at a CAGR of 5.0% in terms of value over the forecast period. The food
and beverages segment is expected to remain dominant throughout the forecast
period. Automotive segment is identified as second most promising market for
end-of-line packaging suppliers. Revenue from automatic segment is also
anticipated to increase at a CAGR of 4.6% in terms of revenue, however the
growth is impressive as per the data received from end-of-line packaging
suppliers. Size and design of warehouse and production facilities are crucial
factors driving demand for customized end-of-line packaging. Since end-use
industries are increasingly showing preference for customized end-of-line
packaging solutions, the share of this segment is anticipated to increase over
the forecast period.
On the basis of geography, Europe is anticipated to dominate the
global end-of-line packaging market throughout the forecast period. Europe is
followed by North America and Asia Pacific. Revenue generated from the sales of
end-of-line packaging in Asia Pacific is expected to increase at the highest
CAGR of 5.5% over the forecast period. Sales of end-of-line packaging is likely
to remain moderate with regular crest and trough in demand, whereas in
developing countries it is likely to reflect vertical upward growth trend. This
is primarily because of increasing demand for high degree of automation across
end use industries. Latin America and MEA are expected to witness relatively
slower growth as compared to other regions.
Key players in the global end-of-line packaging market include
Krones AG, IMA S.p.A., Bosch Packaging Technology, DS Smith Plc., Pro Mach,
Inc., Combi Packaging Systems LLC, Festo Corporation, Schneider Packaging
Equipment Co. Inc., and Gebo Cermex.
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