Global end-of-line packaging market is estimated to be valued at US$ 4.5 Billion in 2021, according to the End-of-Line Packaging Market Report, by Technology (Automatic, Semi-automatic), by Received Order (Customized, Standard), by End-use Industry (Automotive, Electronics & Semiconductor, Others, Food & beverages, Pharmaceutical), by Stand Alone (Palletizing, Carton erecting, packing and sealing, Stretch Wrapping, Labelling, Others), by Function (Integrated, Standalone), and by Region (North America, Latin America, Europe, Asia-pacific, Middle East & Africa), published by Coherent Market Insights.
Global end-of-line packaging market was valued at US$ 4.5 Billion in 2021. End-of-line packaging market is expected to register a CAGR of 4.7% over the forecast period (2022–2030), to reach US$ 6.8 Billion by 2030. End-of-line packaging helps to automate the entire process of production and packaging in order to enhance the overall production. End-of-line solution reduces the need for training workers and allows workers to be utilized other valuable tasks. End-of-line packaging can be semi-automatic and require operators to perform some functions. Semi-automatic end-of-line solution includes palletizers, case packers, case erectors, and stretch wrappers. Automotive, electronics & semiconductor, food & beverages and pharmaceuticals are some of the major end-use of the end-of-line solution.
COVID-19 is a global public health emergency which has affected almost every sector and these long-term effects are expected to impact growth of market during the forecast period. But, the end-of-line packaging industry had a positive impact on the market growth during and post COVID-19 period. Growing consumption of packaged food and beverages is especially driving the end-of-line packaging market growth, because it is safe to consume, although factors such as fluctuating prices of raw material may obstruct the market growth during the pandemic.
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https://www.coherentmarketinsights.com/market-insight/end-of-line-packaging-market-3722
Browse 50 market data tables* and 40 figures* on "Global End-of-Line Packaging Market” - Forecast to 2030.
Key Trends and Analysis of the Global End-of-Line Packaging Market:
- Increasing production and supply of food processing and packaging machinery in Germany is expected to augment the market growth of end-of-line solution. The largest sales market in Western Europe was France, where German sales reached US$ 320 million. Increasing globalization in trade is expected to accelerate the market growth of the end-of-line solution.
Key Takeaways of the Global End-of-Line Packaging Market:
- On the basis of function, standalone dominated the global end-of-line packaging market in 2021 with around 55% of market share in terms of revenue, followed by integrated, respectively.
- End-use industries are progressively opting for customized end-of-line packaging solutions. Therefore, the share of customized order segment is expected to rise through 2030. As industries opt for standardized solutions for improved efficiency in end-of-line packaging, it is expected that the received order type segment will witness an increased demand during the forecast period.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the end-of-line packaging plants are key strategies adopted by key players in the global end-of-line packaging market. The food & beverages end-use segment is expected to be the most attractive segment during 2022-2030. Rapid industrialization is the key factor influencing growth of the end-of-line packaging market. Demand for end-of-line packaging machineries is increasing in food and beverage end-use industries as it reduces the manual handling of products, which reduces the risk of contamination.
