Packaging is expected to continue to play a vital role in various industry verticals ranging from food & beverages to pharmaceuticals, with end-use companies trying to promote brands and enhance their product visibility in the market. However, at the same time end-use companies are trying to minimize their operational cost. This has led to high demand for packaging automation machines which is capable of reducing operational cost by a certain extent. This is the major factor which pushing companies to adopt packaging automation. Cost cutting in packaging means automating different manual processes and growing the level semi automation process.
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Packaging Automation: Market Dynamic
Packaging automation market is driven by the increasing competitions in every industry as a result the companies try to reduce their cost related to the packaging without compromising the quality of the product. Globally, most of the end-use companies especially those involved in food & beverages market has their manufacturing facilities located in Asia Pacific. Most of these facilities are adopting packaging automated machines to reduce operational cost. Furthermore, lower run time process has also boosted the demand for packaging automation worldwide. Nonetheless, increasing competition in food & beverages & personal care products are also expected to augment growth of the market in the coming decade. Setting up of automation equipment company requires high capital investment which could be a major obstacle in overall growth of packaging automation market.
Packaging Automation Market: Regional outlook
In terms of geography, the global Packaging Automation market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to dominate the packaging automation market throughout the forecast period owing to increasing growth of food & beverages industry in that particular region. Due to the availability of low labor cost and low material cost companies are emphasizing to open their manufacturing plants in Asia pacific to achieve increased productivity with lower capital investments. The Europe region is anticipated to grow at a slower pace due to the saturated market. The North America region is expected to grow at comparatively moderate pace owing to increased government emphasis on setting up and boosting manufacturing facilities in the region. FurthermorSoe, packaged food market and ecommerce industry has strong presence in the region. As a result, this is expected to drive overall packaging automation market in North America.
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Packaging Automation Market: Key players
Some of the key players in the global Packaging Automation market are ABB, Rockwell Automation, De-Sta-Co, Mitsubishi, Schneider Electric, Mitsubishi, Swisslog, Jls,. In order to generate high ROI, packaging automation companies are focusing on enhancing operational efficiencies while placing increased emphasis on distribution channel and product innovation.
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