- Press Release
- End-of-Line Packaging Market to Surpass US$ 6.0 Billion by 2027
End-of-Line Packaging Market to Surpass US$ 6.0 Billion by 2027 - Coherent Market Insights
Published On : Apr 06, 2020
The end-of-line solution helps to automate the entire process of production and packaging in order to enhance the overall production. The end-of-line solution reduces the need for training workers and allows workers to utilize other valuable tasks. End-of-line solution can be semi-automatic and require operators to perform some functions and they are used to reduce the production rate. Semi-automatic the solution includes palletizers, case packers, case erectors, and stretch wrappers. Automotive, electronics & semiconductor, food & beverages and pharmaceuticals are some of the major end-user of the end-of-line solution.
The global end-of-line packaging market was estimated to be valued around US$ 4.0 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 4.2% during the forecast period (2019 to 2027)
Drivers
Growth in the manufacturing industries around the globe is expected to propel the market growth of the end-of-line solution. Rising a number of manufacturing industries especially across the Asia Pacific region are expected to raise the demand. Growth in the industries such as pharmaceutical, automotive, and electrical &electronic is expected to foster the market growth of the end-of-line solution over the forecast period.
Market Opportunities
The growing e-commerce market in North America is projected to foster the market growth of the end-of-line solution over the forecast period. According to the U.S. Department of Commerce quarterly e-commerce figures, consumers spent US$ 601.75 billion online with U.S. merchants in 2019, up 14.9% from US$ 523.64 billion in 2018. Hence, growth in the e-commerce market will positively impact the market growth of the end-of-line solution.
Market Restraints
Lack of centralized purchasing among manufacturer as many of them are highly dependent on other vendors and distributors for end-of-line packaging solutions. The distributors are also sourcing from other providers. This can lead to delays in manufacturing processes. This is expected to restrict market growth of end-of-line packaging solutions.
Key Takeaways
On the basis of function, stand alone dominated the global end-of-line packaging market in 2018 with around 55% of market share in terms of revenue, followed integrated, respectively.
Market Trends
Increasing production and supplying of food and processing and packaging machinery in Germany is expected to augment the market growth of the end-of-line solution. Germany produced nearly half of all the packaging machinery delivered to European countries in 2016. The largest sales market in Western Europe was France, where German sales reached US$ 320 million. The third-largest sales region for German manufacturers in North America. In 2016, exports to the US rose by 8% to US$ 750 million.
Increasing globalization in the trade is expected to accelerate the market growth of the end-of-line solution. According to the World Trade Organization, the volume of world merchandise trade, as measured by the average of exports and imports, grew by 3.0% in 2018, just above the 2.9% increase in world GDP over the same period. Thus, growth in trade across the globe is expected to fuel market growth of end-of-line packaging solutions.
Competitive Section:
Key players operating in the global end-of-line packaging market are Krones AG, IMA S.p.A, Bosch Packaging Technology, DS Smith plc., Pro Mach, Inc., Combi Packaging Systems LLC, Festo Group, Schneider Packaging Equipment Co. Inc., and Gebo Cermex
Few Recent Development
Bosch Packaging Technology
Market Taxonomy
By Technology
By Received Order
By End-use Industry
By Stand Alone
By Function
By Region
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