Global Packaging Automation Solution Market is valued approximately USD 39.61 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.68% over the forecast period 2020-2027. A packaging automation is defined to the procedure of packaging a product without interference of human assistance. A packaging automation solution is having range of application from individual equipment to complete packaging lines. The rapid growth in e-commerce sector across the globe is escalating the demand for packaging automation solution to efficiently products at a large scale in shorter period. For instance: As per the Indian brand Equity Foundation, the e-commerce sector stood for USD 38.5 billion in 2017 and expected to grow to USD 200 billion till 2024. As per the e-marketers report, China’s retail e-commerce sale was stood at USD 1.52 trillion in 2018 and is projected to grow till USD 4.09 trillion by the year 2023. Similarly, according to the Statista, sale in e-commerce & retail sector of the United States was USD 279.727 billion in 2017 and increased to USD 343.15 billion in 2019. In addition, rapid growth in adoption of automation solution across various industry verticals is propelling the growth of market over the forecast years. However, requirement of high capital cost is the factor hampering the growth of market.
The regional analysis of global Packaging Automation Solution Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing need for supply chain integration. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid growth in e-commerce sector would create lucrative growth prospects for the Packaging Automation Solution Market across Asia-Pacific region.
Major market player included in this report are:
Rockwell Automation, Inc.
Mitsubishi Electric Corp.
Schneider Electric Se
Emerson Electric Co.
Swisslog Holding AG
Automated Packaging Systems, Inc.
BEUMER Group GmbH & Co., Kg
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Software & service Software & services of key players. The detailed segments and sub-segment of the market are explained below:
By Software & service:
By Product Type:
Automated Conveyor & Sortation Systems
Food and Beverages
Logistics and Warehousing
Semiconductor and Electronics
Aerospace and D?fense
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Packaging Automation Solution Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers