DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Packaging Automation Solution Market 2017-2026" report to their offering.
The packaging automation solution market was valued at USD 29.95 billion in 2016 and is expected to reach USD 71.05 billion by 2026, at a CAGR of 9.02%, between 2016 and 2026.
The packaging automation solutions enable automated packaging by using automated machinery and electronic equipment. The packaging automation solutions increase the efficiency and speed of production, product handling, product storage, and product shipment. Moreover, it helps decrease the labor cost, minimize damages during material handling, increase the efficiency of the plant, and cut down the overall cost of manufacturing and packaging.
The advanced technological developments such as Internet of Things (IOT), big data, advanced and autonomous robots and vehicles, mobile technology, energy monitoring, and digital manufacturing are being successfully implemented in factory automation. These technologies are the latest trends in the packaging automation solution market. The increased use of industrial internet of things will boost the remote monitoring of the packaging automation solutions through the devices such as smartphones, smart watches, and tablets among others. The better access to information would help drive the growth of the automation in the packaging industry.
The use of packaging automation solutions in the sectors such as food and beverages, logistics and warehousing, and healthcare is driving the market. The increased interest of the manufacturing companies in automation technologies is one of the major driving factors for the packaging automation solution market. The high level of maintenance required and the high capital cost are the major restraints for the packaging automation solution market.
Europe is expected to lead the packaging automation solution market in terms of market Size, and APAC is likely to grow at the highest rate in the market. The increase in the number of start-ups in the APAC region and the increased acceptance for the packaging automation technology in the region are the drivers of the market.
Key Topics Covered:
2. Scope, Methodology & Assumptions
3. Global Scenario
4. Market Segmentations
5. Market By Geography
6. Competitor intelligence
7. Company Profiles
- ABB Ltd.
- Automated Packaging Systems
- Beumer Group
- Emerson Electric
- Mitsubishi Electric Corporation
- Rockwell Automation
- Schneider Electric SE
- Seimens AG
- Swisslog Holding
For more information about this report visit https://www.researchandmarkets.com/research/wpnj4d/global_packaging