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(Construction.IndustryNews247.Com, February 12, 2018 ) According to Publisher, the Global Packaging automation market is expected to grow from $30.98 billion in 2016 to reach $59.21 billion by 2023 with a CAGR of 9.6%. Huge competition among companies in the markets, need for supply chain integration, rising globalization of production, need for lean & cost effective manufacturing and reduced labor costs are the major drivers propelling the market growth. Factors such as large capital investment and higher level of maintenance are hindering the market growth.
By end- user segment, the food and beverages sector holds the largest share in the market. The rising applications for automation in this industry are accelerated by the intensifying competition among contemporaries in the business. By Geography, the European packaging automation market witnessed incredible gains in the market due to the rapid adoption of new technologies by the people and the presence of various manufacturing units and packaging automation providers in this region. Asia Pacific is also expected to witness lucrative opportunities in the market due to booming automotive, healthcare, and food and beverages industries which exhibit high demand for advanced packaging solutions.
For more information @ http://www.reportsweb.com/packaging-automation-global-market-outlook-2017-2023
Some of the key players in the packaging automation market include Mitsubishi Electric Corp., Siemens AG, Kollmorgen, ABB Ltd., Rockwell Automation, Inc., DE-STA-CO, Swisslog Holding AG, ULMA Packaging, Denso, Automated Packaging Systems, Inc., Schneider Electric Se, TS Automation Tooling Systems, Massman Automation Designs, LLC, Beumer Group GmbH & Co. Kg, Emerson Electric Co. and Gerhard Schubert GmbH.
Products covered: -Packing Robots -Automated Packagers -Automated Conveyor & Sortation Systems
Functions covered: -Labeling -Wrapping -Bagging -Palletizing -Case Packaging -Filling -Capping -Horizontal/Vertical Pillow -Other Functions
Businesses covered: -B2B e-commerce retailers -B2B e-commerce retailers -Omni Channel Retailers -Wholesale Distributors -Manufacturers -Personal Document Shippers
Request Sample Copy http://www.reportsweb.com/inquiry&RW00011033060/sample End Users covered : -Retail -Aerospace and Defense -Healthcare -Pharmaceutical -Medical Device -Chemical -Automotive -Semiconductor and Electronics -Logistics and Warehousing -E-Commerce -Cosmetic -Household -Confectionery -Food & Beverages -Other End- Users
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -UK -France -Italy -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -South Korea -Rest of Asia Pacific -South America -Argentina -Brazil -Chile -Rest of South America -Middle East & Africa -Saudi Arabia -UAE -Qatar -South Africa -Rest of Middle East & Africa
Make an enquiry: http://www.reportsweb.com/inquiry&RW00011033060/buying
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Rajat Sahni
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Source: EmailWire.Com
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