Vantage Market Research
Jan 28, 2023
In terms of revenue, the Global End of Line Packaging Market is expected to reach USD 6.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 3.7% from 2022 to 2028.
There is a significant demand for goods from all over the world due to the widespread use of online shopping and the internet, which has turned the world into a global marketplace. All kinds of commodities and luxury goods are required, so there is a need for the products. For instance, the global population will increase by several folds throughout the projection period. As a result, there will be greater demand for food, increasing food production. End-of-line automation is vital to deliver the product proficiently and fulfilling all standard requirements, ensuring a supply of food or any other essential product for the entire world's population. An increasing desire for lower labor and manufacturing costs is also projected to fuel the market for End of Line Packaging. End of Line Packaging reduces the possibility of risk from human error and enhances the entire production process. This will help the End of Line Packaging sector develop.
Additionally, robot hands are quickly included to increase production efficiency during packaging. Robotic devices reduce the physical tasks involved in packaging. A robotic arm makes it possible to increase production efficiency, which increases return on investment and lowers operating expenses. Use robotic systems for lightweight packing in End of Line Packaging to reduce the risk of damage.
Key Highlights from Report
- Among Types, Because end-use industries are increasingly using automation technologies to cut manpower and production costs, the Automatic category is expected to dominate the worldwide End of Line Packaging market over forecasting time.
- Based on End User Industry, the Food and Beverages market segment is anticipated to dominate the End of Line Packaging market with the largest market share in the forecast period. This can be attributable to the expanding consumption of packaged beverages.
- In terms of region, Europe held the most significant market share in 2021 and is expected to be the most gainful market during the forecast period. Regulations about environmentalism are growing more stringent in various countries, which is a significant element driving the growth of the European End of Line Packaging market.
In the upcoming years, a significant increase in demand for end-of-line packages is anticipated. There needs to be more debate regarding the overwhelming significance of packaging technology in healthcare, electronics, and medications. The food industry's ruthless capacity to adapt novel packaging techniques is hardly in question. Furthermore, End of Line Packaging has gained attention due to the need to attract customers with alluring packaged meals. Given these factors, predicting that the End of Line Packaging sector would expand profitably makes sense.
The Food & Beverage sectors' operational characteristics have significantly transformed during the past several months. This is a direct consequence of the coronavirus epidemic, which caused widespread dread. Moving forward, food companies changed their packaging techniques to include messages about ease and safety. Globally, the market for end-of-line packaged food is expanding as a result of these advancements in safety containers. Additionally, well-known industries like the medical and pharmaceutical have adopted end-of-line packing techniques. Given these changes, it is safe to conclude that the end-of-line package market will grow at an astounding rate globally in the years to come.
The Semiconductor & Electronics industry has recently demonstrated increasing resilience in the End of Line Packaging market. The availability of packing techniques and technologies increases the value of developing cutting-edge equipment and technology. The development and growth of the end-of-line packing sector are at a critical crossroads. Using packaging systems for product placement has opened up many opportunities for the global End of Line Packaging market. New and established market participants may have a wide range of possibilities in the next ten years.
Europe End of Line Packaging market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Due to the increasing demand for different packaging specifications for various products, the European region currently holds a monopoly on the global market for End of Line Packaging. Additionally, the development of the dairy, pharmaceutical, and packaging machinery industries will significantly impact the expansion of this region’s End of Line Packaging market.
The Global End of Line Packaging Market is Segmented as follows
- Order Types
- Stand Alone
- Stretch wrapping
- Carton Erecting Sealing
- Other Functions
- Microbial Pesticides
- BT Products
- Non-BT Products
- Biochemical Pesticides
- Plant-Incorporated Protectants
- Bio Fungicides
- Others (including Plant Growth Regulators)
- End Users
- Food & Beverages
- Electronics & Semiconductor
- Chemical Products
- Consumer Products
- Other End Users
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global End of Line Packaging Market is
ProMach Inc. (US), DS Smith PLC (UK), ENDFLEX (US), Shemesh Automation Ltd. (Israel), Synerlink (A Barry-Wehmiller Company) (France), Rovema GmbH (Germany), Clearpack India Pvt. Ltd. (India), OPTIMA packaging group GmbH (Germany), Infinity Automated Solutions Pvt. Ltd. (India), nVenia LLC (US), ADCO Manufacturing (US), WestRock Company (US), Endoline Automation (UK), Uhlmann Pac-Systeme (Germany), Stevanato Group (Italy), Quin Systems Ltd (UK), Tekpak Automation (Ireland), J+P Maschinenbau GmbH (Germany), EOL Packaging Experts GmbH (Germany), and Hualian Machinery Group Co. Ltd. (China)
The Global End of Line Packaging Market Scope can be Tabulated as below
|Market Size Provided for Years||2016-2028|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|