Global End-of-line Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global End-of-line Packaging Market: Overview
“The global End-of-line Packaging market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
End-of-line packaging includes a packaging procedure extremely before shipments or final transportation of the goods. It is an ideal solution for industrial units which aids in automating the packaging and manufacturing process.
Moreover, automation of the process helps the employers to utilize the available workforce for increasing the production capability in terms of quantity and reduces labor costs for every kind of business and fulfills the increasing demand.
Global End-of-line Packaging Market: Dynamics
Increasing demand for automation among manufacturing industries is one of the major factors anticipated to drive the growth of the target market. In addition, automation of the production process aids to transform the business by utilizing the existing workforce in order to increase the manufacturing abilities.
This is one more key factor expected to support the revenue growth of the global market. Increasing adoption of robotic technology in manufacturing units is another factor projected to propel the global market growth.
Processing and manufacturing companies are focusing on minimizing the cost of production and packaging as well as enhancing the efficiency of the packaging system in their units. These are some of the additional factors expected to augment the growth of the target market.
Rapidly growing retail and e-commerce industries and growing adoption of robotics in order to enhance the efficiency of packaging are some key factors creating lucrative opportunities for the target market growth.
However, the high cost of end-of-line packaging machinery and maintenance costs associated with it are some factors expected to hamper the target market growth during the forecast period.
Global End-of-line Packaging Market: Segmental Analysis
Among the technology segments, the automatic segment is projected to contribute significant shares in the global market, owing to less requirement for supervision.
Among the functionality segments, the labeling segment is expected to register substantial growth.
Among the order type segments, the customized segment is anticipated to account for significant shares, in the target market during the forecast period.
Among the end-use industry segments, the food and beverages segment is projected to register significant growth, owing to the growing consumption of packaged food and beverages among the working population.
Global End-of-line Packaging Market: Regional Analysis
North America and European markets for end-of-line packaging are projected to contribute significant revenue shares, in the target market during the forecast period. This is owing to the quick adoption of the latest technologies among various countries in this region.
In addition, increasing the implementation of robotics in order to increase production capabilities is another factor anticipated to fuel the target market growth.
The end-of-line packaging market in the Asia Pacific is expected to register significant growth, owing to the rapidly growing food and beverages industry.
Moreover, a strong base of manufacturing units may create huge demand for end-of-line packaging which is a factor that will support the revenue growth of the target market in this region. Markets in Latin America and the Middle East and Africa are expected to register moderate growth over the forecast period.
Global End-of-line Packaging Market Segmentation:
Segmentation by Technology:
Segmentation by Functionality:
- Carton Erecting Packing & Sealing
- Stretch Wrapping
Segmentation by Order Type:
Segmentation by End-use Industry:
- Food & Beverages
- Electronics & Semiconductor
- Others (Chemical Products and Consumer Products)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bosch Packaging Technology
- Krones AG
- Optima Packaging Group GmbH
- Pro Mach Inc.
- Gebo Cermex
- IMA S.p.A.
- Festo Corporation
- Combi Packaging Systems LLC
- DS Smith plc
- Schneider Packaging Equipment
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