Nov 30, 2017   SOURCE: BusinessWire

Global Packaging Automation Market - Expected to Reach $85.3 Billion by 2022 - Research and Markets

The "Global Packaging Automation Market - By Solution , Industry, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

The Global Packaging Automation market is valued at USD 66.68 billion in 2016 and is expected to reach a value of USD 85.36 billion by the end of 2022, growing at a projected CAGR of 4.20% during the forecast period of 2017 - 2022. 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

Asia-Pacific is the leading market for packaging automation with China and Japan being the major markets in the region. Asia-Pacific and Latin American regions are the fastest growing regions in packaging automation market.

Currently, food packaging segment holds the maximum share of the global market followed by beverages. Household and confectionary markets are also growing at a CAGR of 13.00 % and 8.07 % respectively.

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.

Companies Mentioned:

  • JLS
  • Mitsubishi
  • Rockwell Automation
  • DE-STA-CO
  • Swisslog
  • Emerson Industrial Automation
  • ULMA Packaging
  • ATS Automation Tooling Systems
  • ABB
  • Massman Automation Designs, LLC
  • Schneider Electric
  • Denso
  • Gerhard Schubert GmbH

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Technology Overview

5. Packaging Automation Market by Businesses

6. Packaging Automation Market by End-User Market

7. Packaging Automation Market Segmentation by Solution

8. Packaging Automation Market Segmentation by Region

9. Vendor Market Share Analysis

10. Company Profiles

11. Future of Global Package Automation Market

For more information about this report visit https://www.researchandmarkets.com/research/jxvbv5/global_packaging