Global End-of-line Packaging Market To Become Innovative Owing To Automation

2017-01-10
Published : Jan-2017

The global end-of-line packaging market is set for massive upheaval in the coming years. The intensity of competition in the market is predicted to upsurge as the manufacturers are concentrating on invention and giving lucrative resolutions to gain a viable advantage in the market. The global end-of-line packaging market is expected to see a 4.0% CAGR from 2016 to 2026. The market is likely to touch an estimation of US$ 4,070.5 million by next two years due to the upswing in industry automation globally.

Businesses are determined to gain a foremost position in the market and are therefore also eyeing ahead to decreasing their workforce expenses together with invention in the end-of-line packaging practices. The acceptance of mechanized end-of-line packaging is mounting dynamically in the industrial sector, thus compelling dealers to emphasize on cutting-edge automated systems and robotics.

Makers are primarily concentrating on inventive techniques in packaging set-ups and profitable solutions. This is one of the elements influencing the call for personalized integrated solutions in an optimistic way. End-use businesses are undergoing high demand for custom-made end-of-line packaging solutions. Hence, this fragment is awaited to observe growth in the near future. Additionally, growing demand for the high amount of automation in packaging and its rewards of condensed labor and packing outlays is predicted to pep the demand for end-of-line packaging solutions in the near future. Furthermore, the necessity of the makers to update manufacturing services is also predicted to foster the demand for end-of-line packaging machinery globally.

The global end-of-line packaging market is segmented into pharmaceuticals, electronics and semiconductor, food and beverages, chemical products, automotive, and consumer products. The food and beverages sector is anticipated to uphold a leading position throughout in the years to come. The automotive division has been recognized as the second most lucrative market for end-of-line packaging merchants. The automotive segment is also anticipated to increase at a 4.6% CAGR from 2016 to 2026 as regards to profits. The design and dimension of the production units and depositories are crucial aspects that are estimated to propel the implementation of tailored end-of-line packaging.

The profits of automated end-of-line packaging and setting up of robots consist of the drop in product loss, increasing accurateness, and low production cost. The upward inevitability for remodelling and refining the current industrial facilities is expected to motivate the progress of the global end-of-line packaging market. Employing automated end-of-line packaging will aid these businesses eliminate the excessive expenditures.

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