August 11, 2022 06:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The end-of-line packaging market was valued at US$ 5.125 billion in 2022, and it is expected to grow at a CAGR of 4.3% to US$ 7.978 billion by 2032.
The growing adoption of end-of-line packaging to reduce packaging costs and improve packaging systems in various end-use industries is propelling the global end-of-line packaging market future trends.
The rapid adoption of automated end-of-line packaging in the industrial sector, as well as rising demand to automate manufacturing processes, will drive end-of-line packaging market expansion during the forecasted period. The rising packaged beverage consumption will fuel end-of-line packaging market key trends and opportunities.
A significant factor driving demand for end-of-line packaging is the growing desire to improve workplace conditions through automation. A wide range of end industries are using this type of packaging system to reduce packaging costs and improve the packaging system in their units. It also helps to combat the changing need for customized packaging sizes and different package forms for different items boosting the end-of-line packaging adoption trends.
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Industrial Robot System for E-Commerce and Retail Sector
The fast-growing e-commerce and retail sector are increasing the demand for end-of-line packaging along with better-packaged products in the market. The end-of-line packaging improves the efficiency of packaging and these are important factors that create valuable end-of-line packaging market opportunities for end-of-line packaging market growth.
Robot hands are quickly introduced into the packaging process to improve production efficiency. The robotic system in the package reduces physical tasks. Robot arms enable improved production efficiency, resulting in a high return on investment and low operating costs. Overall, the end-of-line packaging market growth is estimated to bolster during the forecast period.
It also eliminates the need for companies to educate packaging personnel every time a new packaging technology is introduced. Furthermore, the end-of-line packaging system robot system eliminates manual tasks like palletizing, packing, and sorting, reduces the risk of product damage, and eliminates human errors, all of which have increased the appreciation of end-of-line packaging in manufacturing sectors.
Growing Acceptance in Pharmaceutical Industry
The pharmaceutical industry's increasing adoption of advanced end-of-line packaging systems to improve product traceability in the supply chain will drive end-of-line packaging market growth.
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Key Takeaways from End-of-line Packaging Market
“Automatic End of line Packaging are Gaining Immense Market Popularity across the Regions, Due to Increased Investments in Research & Development by Machinery Manufacturers Worldwide and Increased Demand for Various Packaging Products.” – says FMI analyst
ProMach, Inc., DS Smith plc, Synerlink (A barry-Wehmiller Company), Rovema GmbH, Stevanato Group, WestRock Company, and Uhlmann Pac-Systeme are the key players operating in the end-of-line packaging market.
Also, some of the other noticeable end-of-line packaging market players include ENDFLEX, Shemesh Automation Ltd, OPTIMA packaging group GmbH, INFINITY AUTOMATED SOLUTIONS PVT. LTD, nVenia LLC, ADCO Manufacturing, J+P Maschinenbau GmbH, EOL Packaging Experts GmbH, Hualian Machinery Group Co. Ltd., and others. The players in the tier 1 hold approximately 15-20% of the global end-to-line packaging market.
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The end-to-line packaging market witnessed two major acquisitions to strengthen the technologies:
ProMach will acquire Serpa Packaging, a leading provider of cartoning and end-of-line solutions, in 2021. Serpa joins ProMach's portfolio of automated cartoning systems, significantly expanding ProMach's specialised secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry.
Duravant Group will acquire Cloud Packaging Solutions in 2020. Duravant also announced that, as a result of the synergies between Cloud's product offerings and the portfolio of highly engineered equipment offered by Duravant operating company Mespack, Cloud Packaging Solutions will be renamed Mespack-Cloud, a Duravant Company.
End-of-line Packaging Market by Category
By Technology, End-of-line Packaging Market is segmented as:
By Function, End-of-line Packaging Market is segmented as:
By End Use Industry, End-of-line Packaging Market is segmented as:
By Region, End-of-line Packaging Market is segmented as:
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
3.3. Macro Factors and Forecast Factors
Have a Look at Related Research Reports of Packaging Domain
FMCG Packaging Market Growth : The global FMCG packaging market is expected to reach US$ 418.8 Bn in 2022, with sales growing at a CAGR of 5.7% through 2032.
Beverage Packaging Market Size : The global beverage packaging market is estimated at USD 104.8 Bn in 2022 and is projected to reach USD 128.2 Bn by 2027, at a CAGR of 4.1% from 2022 to 2027
Flexible Packaging Paper Market Share: The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022-2032.
Biodegradable Packaging Market Demand : End users’ knowledge about the harmful impacts on non-degradable packaging materials on the environment and ecosystem is spreading across the world, which is among the primary drivers of the global market for biodegradable packaging.
Temperature Controlled Packaging Solutions Market Volume : The global temperature controlled packaging solutions market is all set to witness a staggering CAGR of 8.1% between 2022 and 2030. It is estimated to reach US$ 23.2 Bn by the year 2030.
Protective Packaging Market Analysis : The protective packaging Market demand remains positive with the market forecast to rise at a CAGR of 4.8% from 2021 – 2031
Dairy Products Packaging Market Forecast : The global dairy products packaging market is likely to progress at a CAGR of 4.5% between 2022 and 2030, reaching US$ 43.6 Bn by the year 2030.
Next Generation Packaging Market Trend : The global next generation packaging market would witness a leap of growth at a CAGR of 6.1% between 2022 and 2032, reaching US$ 49.3 Bn between2022 and 2032.
Meat Packaging Market Volume : The meat packaging market is expected to register positive growth through 2021, with the overall valuation forecast to reach US$ 6.9 Bn. Future Market Insights projects meat packaging sales to increase at 4.7% CAGR between 2021 and 2031.
Kraft Packaging Market Value: The global kraft packaging market was valued at around US$ 35.4 Bn in 2021. Kraft packaging sales are projected to increase at a healthy CAGR of 5.1%, to reach US$ 60.6 Bn by 2032. The global kraft packaging market is estimated to hold 4% of the global packaging market worth of US$ 914 Bn in 2022.
Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison
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