A recent report published by
Infinium Global Research on the end-of-line packaging market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
end-of-line packaging market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional end-of-line
packaging market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
end-of-line packaging market. According to the report, the global end-of-line
packaging market is projected to grow at a CAGR of over 4% over the forecast
period of 2022-2028.
The revenue generated by the
market was nearly USD 5 billion in 2022 and is expected to reach around 6.5 billion
in 2028 and is expected to grow with a CAGR of over 4% over the forecast period
2022-2028. End-of-line packaging refers to the collection of equipment and
machinery required to complete the shipping package prior to shipments or the final
conveyance of the products. End-of-line packaging assembly is used in the
manufacturing or production unit to automate the final leg of packaging prior
to the final transportation of goods. This kind of system helps to cater to the
increasing needs coming from the end users and ensures seamless functioning of
the processes involved. This packaging assembly helps the employers to utilize
the available workforce for more value-adding tasks, which results in reduced
labor costs along with an improved workplace.
The rising need for improving
workplace conditions through the adoption of automation is a notable factor to
boost the demand for end-of-line packaging solutions. Various end-use
industries are adopting this type of packaging system to reduce the cost of
packaging and improve the packaging system in their units. End user industries
such as Food and Beverage, Pharmaceutical, and Consumer Products are
increasingly using these systems as these industries are seeing a spike in
their businesses. Thus, the production in these industries has also grown
significantly boosting the demand for end-of-line packaging solutions.
Additionally, it helps to combat the changing need for customized package sizes
and different package forms for different products. Further, it helps employers
to get rid of providing training to packaging employees for a new packaging
system, every time. However, the high cost associated with the maintenance and repair
of these types of machinery is some factor hampering the growth of the market.
Going further, new technologies such as artificial intelligence and machine
learning are being integrated with end-of-line packaging solutions.
On the basis of region, the end-of-line
packaging market is fragmented into North America, Europe, Asia, and the Rest
of the World (RoW). Europe is the leading player in this market globally, due
to the growing demand for different packaging requirements for different new
and innovative products. The population in Europe is increasing at a steady
pace which has increased the demand for food and pharmaceuticals. Also, Europe
has a strong automotive industry whose production is growing gradually thus
increasing the demand for end-of-line packaging solutions. The automation of
industries is going on in full swing in Europe. The Asia Pacific is anticipated
to experience the highest growth in terms of revenue in the near future. In
developing countries, the demand for end-of-line packaging solutions is
anticipated to witness steady growth due to increasing demand for a high
degree of automation across various end-use industries to cater to the need for new
and innovative product packaging requirements.
The report on the global end-of-line
packaging market covers segments such as technology, function, received order
type, and end-user. On the basis of technology, the sub-markets include
automatic, and semi-automatic. On the basis of function, the sub-markets
include standalone and integrated. On the basis of received order type, the
sub-markets include customized orders and standard orders. On the basis of
end-user, the sub-markets include food beverages, pharmaceuticals, electronics
and semiconductors, automotive, consumer products, and others.
The report provides profiles of
the companies in the market such as Krones AG, IMA S.p.A., Syntegon (Bosch
Packaging Technology), DS Smith Plc., Pro Mach, Inc., Combi Packaging Systems
LLC, Festo Group, Schneider Packaging Equipment Co. Inc., Gebo Cermex
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the end-of-line packaging market. Moreover, the study highlights
current market trends and provides forecast from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.