New York, NY, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “End-of-line Packaging Market by Technology (Automatic and Semi-Automatic), by Function (Standalone [Palletizing, Carton Erector, Packing and Sealing, Stretch Wrapping, Labeling, and Others], and Integrated), by Order Type (Standard and Customized), and by End-User (Pharmaceuticals, Food and Beverages, Automotive, Chemical, Electronics and Semiconductor): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global end-of-line packaging market was valued at approximately USD 4.18 billion in 2017 and is expected to generate revenue of around USD 5.54 billion by the end of 2024, growing at a CAGR of around 4.10% between 2018 and 2024.
The packaging operation consists of all the activities that are involved in combining a product. The packaging line is designed in order to achieve speed and overall quantity of the product required to pack that range from manual operation up to the fully automated high-speed operation. The packaging operation also includes storage and handling of packaging prior to its usage on the packaging line and in the assembly of transportation packages for storage and distribution. The efficiency of packaging line depends on the machine, or method in a manually operated line, product, operators, and also the quality of packaging material. The important task required to fulfill on the packaging line is to minimize the number of damaged packages and to maximize output.
Browse through 87 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global End-of-line Packaging Market: Size, Trends, Segments, Industry Share and Forecast, 2017 - 2024”.
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Packaging based on primary fiber paperboard offers consistency, better performance, and uniformity. The packaging producer needs to be aware of the cost implication of packaging efficiency as it may have a positive influence on the overall cost of packaging. Moreover, increasing demand to incorporate automation in the production assemblies to address the shortage of skilled workforce, particularly in the developing countries, is expected to increase the adoption rate of automation in the manufacturing processes and production lines.
The end-of-line packaging market is segmented on the basis of technology into automatic and semi-automatic. Automatic technology held major revenue share in 2017, due to growing demand from various end-user industries to ease packaging of materials and increase the throughput.
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Based on function, the end-of-line packaging market has been segmented as standalone and integrated. The standalone segment is further divided into palletizing, carton erector, packing and sealing, stretch wrapping, labeling, and others. The standalone segment contributed to significant revenue share in 2017. Shrink wrapping machines form pad or tray supported packages by using a single roll of print registered film. Shrink wrappers provide accurate placement of graphics on each package. It handles multiple product sizes and package configuration which includes cans and bottles.
Based on end-user, the market is segmented into pharmaceuticals, food and beverages, automotive, chemical, electronics, and semiconductor. Food and beverage segment is expected to account for substantial revenue share in 2017. The growth is attributed to the increasing demand for packaging machinery to decrease human handling of food for hygiene reasons and rapid urbanization.
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Europe end-of-line packaging market accounted for the major revenue share in 2017 due to the increasing demand for automation to ease packaging and presence of major industry players in the region. Furthermore, a growing urban population and stringent government regulations regarding product packaging are expected to further drive the end-of-line packaging market growth over the forecast period.
North America contributed to a good revenue share in 2017. Rising government initiatives to increase awareness regarding packaging automation and early adoption of the advanced technology in the region is expected to drive industry growth over the forecast timeframe.
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The Asia Pacific end-of-line packaging market is expected to grow at the highest CAGR in the coming years. Growth is mainly expected in the countries such as China, Japan, and India. Rising government support to increase productivity, increasing disposable income of people coupled with a huge population in the region are the major factors which are expected to drive the end-of-line packaging market growth over the forecast period. The Chinese government announced to restructure the industrial sector by focusing on the switch to the high-end machinery.
The Latin America end-of-line packaging market is expected to account for a moderate growth rate over the forecast timeframe. The growth is attributed to the growing middle-class population, coupled with increasing demand for prepared foods, personal care goods, and electronics in Latin America which is expected to positively impact the end-of-line packaging market growth over the forecast period.
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The Middle East and Africa are projected to account for a lucrative market growth over the forecast period. Increasing demand for packaged food and increasing investment in the food processing industry are the major factors expected to drive the end-of-line packaging market growth over the forecast period. In Saudi Arabia, the food processing industry has developed in the recent year which is expected to positively impact the industry growth over the forecast period.
Some of the key players operating in end-of-line packaging market include Pro Mach, Inc., IMA S.p.A., Bosch Packaging Technology, Krones AG, Schneider Packaging Equipment Co. Inc., DS Smith Plc., Festo Corporation, Combi Packaging Systems LLC, and Gebo Cermex.
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This report segments the global end-of-line packaging market as follows:
Global End-of-line Packaging Market: Technology Segment Analysis
- Automatic
- Semi-Automatic
Global End-of-line Packaging Market: Function Segment Analysis
- Standalone
- Palletizing
- Carton Erector
- Packing and Sealing
- Stretch Wrapping
- Labeling
- Others
- Integrated
Global End-of-line Packaging Market: Order Type Segment Analysis
- Standard
- Customized
Global End-of-line Packaging Market: End-User Segment Analysis
- Pharmaceuticals
- Food And Beverages
- Automotive
- Chemical
- Electronics
- Semiconductor
Global End-of-line Packaging Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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