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Global End of Line Packaging Market to be Sustained by Rising Demand for Consumer Goods

Blog Description

End of line packaging solutions are robotic systems designed to carry out product packaging in a highly efficient manner. The robotic precision of end of line packaging systems presents a notable upgrade over human labor, and also ensures better reliability in the long run. This has led to increasing adoption of end of line packaging solutions in various industries in the recent past. The rising support to technological innovations in the field of automation and robotics is likely to ensure steady growth of the end of line packaging market in the coming years. 

Browse the full Global end of line packaging market Reporthttp://www.mrrse.com/end-of-line-packaging-market

According to a new report from Transparency Market Research (TMR), the global end of line packaging market is expected to exhibit a CAGR of 4% between 2016 and 2024. The market’s overall valuation is expected to rise to close to US$4.1 bn by the end of 2016 and further rise to US$6 bn by 2024. 

Food and Beverage Industry to Remain Dominant Contributor 

By end use, the global end of line packaging market is segmented into the food and beverage, automotive, pharmaceutical, semiconductor and electronics, and other industries. Of these, the food and beverage industry is likely to retain a dominant share in the end of line packaging market in the coming years. Following the food and beverage industry, the automotive industry is also likely to remain a leading end-use segment of the global end of line packaging market in the coming years. Nevertheless, the pharmaceutical industry is also likely to play a key role in the growth of the overall market and is expected to exhibit a solid 5% CAGR over the 2016-2024 forecast period. 

Geographically, Europe is expected to remain the dominant contributor to the global end of line packaging market. North America and Asia Pacific followed the Europe end of line packaging market in 2015, but the Asia Pacific market is expected to exhibit rapid growth in the 2016-2024 forecast period. The Asia Pacific end of line packaging market is expected to exhibit a robust 5.5% CAGR in the aforementioned forecast period, driven primarily by the rapid industrialization in dynamic economies such as China and India. 

Steady Rise in Demand for Automation Solutions in Emerging Economies to Drive Market 

Whereas developed regions such as North America and Europe have traditionally been the leading consumers of end of line packaging solutions, with developing countries earning a key role in the global economy primarily due to the easy availability of cheap labor, the rising industrial sector in emerging economies such as China, South Korea, India, Japan, Brazil, Russia, and Taiwan has led to increasing adoption of robotic solutions in the past few years. This is expected to remain a key factor in sustaining the end of line packaging market in regions such as Asia Pacific and Latin America in the coming years. The steady urbanization in Middle Eastern countries is also likely to ensure steady growth of the end of line packaging market in the region in the coming years. 

The increasing demand for consumer goods such as vehicles and consumer electronics has also been a key factor in driving the demand for robotic solutions in the industrial sector. The rising disposable income of consumers in emerging regions is thus likely to play a key role in the growth of the end of line packaging market in the regions. 

Browse the full Press Release of Global implantable medical devices market at :http://www.mrrse.com/global-end-of-line-packaging-market

The leading companies operating in the global end of line packaging market include Bosch Packaging Technology, Gebo Cremex, Pro Mach Inc., Festo Corporation, Combi Packaging Systems LLC, Krones AG, and Schneider Packaging Equipment Co. Inc.