End-of-Line Packaging Market, 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) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
End-of-line packaging systems are automated by control systems for manufacturing products at a faster rate in order to meet the rising demands of products in the marketplace. End-of-line packaging reduces the requirement for skilled labor and allows workers to focus on other valuable skills.
Market Dynamics
Global end-of-line packaging market has witnessed significant growth from 2020, the rising growth of manufacturing industry in Asia-pacific, owing to the rapid surge in growth of urbanization and industrialization. Manufacturers are adopting automation technology in production of packaging solutions for reducing the labor and production cost. This scenario is expected to foster growth of the global end-of-line packaging market during the forecast period.
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.
The food & beverages end-use segment is expected to be the most attractive segment during the forecast period. 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. Electronics & semiconductor, pharmaceuticals, and automotive are some of the key end-use industries in the global end-of-line packaging market.
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