The end of line packaging solutions have become popular recently since they negate the need to find and train a new workforce. End of line packaging solutions also enable employers to reduce labor cost by allowing employers to make use of their available workforce for more important tasks. Owing to these benefits, the global end of line packaging market solutions is expected to expand at a 4% CAGR from 2016 to 2026. The market is expected to be worth US$4,070.5 mn by the end of 2016. The facility of customized integrated solutions provided by manufacturers in the industry is also attracting many industries for the adoption of end of line packaging solutions. In addition to this, refurbishment of industrial facilities is expected to lead to a heightened demand for end of line packaging solutions as owners attempt to modernize their equipment and amenities.
Need for Automation in Packaging Lines to Drive Global End of Line Packaging Market
The growing demand for consumer goods is leading to a heightened need for automation so as to enable large production of goods in less time. This is expected to fuel the demand for end of line packaging. As manufacturers have focused on innovation and development, the scope of the market will widen in the coming years and help boost the demand. The fact that end of line packaging helps in the safeguarding of products from tampering and to protect the original packaging of the products from being spoilt during shipment will push their adoption. Some of the other factors having a positive impact on the market are a growth in the retailing sector, need for precision in packaging, and increasing labor charges.
Ecological Effects of Using Plastics and Other Materials
Some of the factors hampering the growth of the global end of line packaging market include high cost of raw materials and a lack of centralized purchasing and support. The use of plastics and other materials have harmful effects on the environment and this can pose a threat to the market’s growth. This can cause delay when support is required and creates complications. On the other hand, manufacturers are aligning to the green movement and are focusing on reducing primary and secondary packaging, which in turn is resulting in an environmentally sound and cost effective solution. Some of the manufacturers in the market are IMA S.p.A., Gebo Cermex, Bosch Packaging Technology, Pro Mach, Inc., Festo Corporation, Krones AG, Schneider Packaging Equipment Co. Inc., DS Smith Plc., Combi Packaging Systems LLC.
Browse the full Global end of line packaging market report at:http://www.mrrse.com/end-of-line-packaging-market
Asia Pacific to Witness High Growth in Coming Years
Geographically, Europe is estimated to lead in the end of line packaging market, followed by North America. However, Asia Pacific is anticipated to expand at the highest CAGR, which is 5.5% between 2016 and 2026. The growing population and thus, the high demand for consumer goods, especially in emerging nations will drive the Asia Pacific market for end of line packaging. The increasing demand for automation across industries will also drive the Latin America and MEA market for end of line packaging.