Packaging Automation Market COVID-19 Impact Analysis, Demands and Industry Forecast Report 2029
Packaging Automation Market Overview:
The act of packaging without the assistance of humans is referred to as "packaging automation." It's a clever method for getting rid of unnecessary jobs and assisting manufacturing or packaging companies to accomplish more with fewer employees. Packaging automation makes better use of floor space by reducing the need for human labour, enhancing packaging repeatability, and increasing efficiency. Additionally, it reduces overall packaging costs while improving packing quality. Automated machines increase the productivity and efficiency of manufacturing processes.
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COVID-19 Impact Analysis on Packaging Automation Market:
End-user sectors where Packaging Automation are used experienced a decline in growth from January to May in several countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of firms operating in these industries and, as a result, in demand for Packaging Automation manufacturers, influencing the development of the Packaging Automation market in 2020. End-user business demand for Packaging Automation has dropped significantly because of lockdowns and an increase in COVID-19 incidents worldwide.
Market Dynamics:
Due to rising disposable incomes and rising standards of living, there is an increased need for strong packaging to protect goods during transit. These reasons are pushing manufacturers in the healthcare, e-commerce, and logistics, as well as the food and beverage sectors, to adopt the mass production concept and use sophisticated packaging solutions.
Segmentation:
Packaging Robots commanded a 42% market share by product in 2021. due to their capacity to minimise environmental impact while also ensuring product safety and quality throughout the value chain. The market for automated conveyors and sortation systems will be driven by the e-commerce sector's strong demand for increased flexibility, shipping accuracy, and more frequent shipments over the forecast period.
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Key Players:
Primary and secondary research are used to identify market leaders, while primary and secondary research are used to establish market revenue. Primary research comprised thorough interviews with key thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing executives, while secondary research included a review of the leading manufacturers' annual and financial reports. Secondary sources are utilized to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary sources. The biggest players in the Packaging Automation market are as follows:
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Emerson Electric Co
- Swisslog Holding AG
- Siemens AG
- Automated Packaging Systems, Inc.
- Kollmorgen
- Robert Bosch GmbH
- Coesia S.p.A.
- Krones Inc.
- Tetra Pak International S.A
- Graphic Packaging International, LLC
- M.A Industria Macchine Automatiche S.p.A
- MULTIVAC Group
- ABB Ltd
- Ishida Co. Limited
Regional Analysis:
Individual market influencing components and changes in market regulations that effect present and future market trends are also mentioned in the regional overview of the Packaging Automation market analysis. Current and future trends are examined in order to assess overall market potential and uncover profitable trends in order to achieve a more stable footing. The geographical market assessment is based on the present environment and expected trends.
Key Questions Answered in the Packaging Automation Market Report are:
- In 2021, which segment held the largest share of the Packaging Automation market?
- What is the Packaging Automation market's competitive landscape?
- What are the key drivers assisting Packaging Automation market growth?
- Which region controls most of the Packaging Automation market?
- What will be the Packaging Automation market's CAGR during the forecast period (2021-2029)?
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