Transparency
Market Research Report Added "End
of Line Packaging Market."In 2015, the world population
reached the seven billion mark. Obviously, the demand for various
commodities of this massive population is enormous. Therefore, it has
become vital for the concerned companies to ensure a large scale
supply in order to satisfy the growing demands of the global
population. This has paved the way for the large scale manufacturing
of commodities, as per which companies are trying to deliver products
in bulk. In order to be able to meet this prevalent fast production
rate, a majority of the companies employ industrial packaging
processes where end of line packaging plays a significant role. It is
a process wherein the individual finished products are packaged in a
group and made ready for shipments across the globe. This process
involves all the secondary packaging done after the product is placed
in its original package. Companies employ various conveyer belts and
complex machineries to carry out this process. End of line packaging
is very vital for protecting the products from tampering and,
furthermore, to safeguard the original packaging of the products
during the shipments. Over the years, the end of line packaging has
undergone many substantial changes. The traditional method of
employing laborers has been replaced with automated machineries,
robots, and fully computerized processes.
The most significant
growth driver for the end of line packaging market is the large scale
production practices followed by majority of the global companies,
coupled with the increasing global demand for the products. Growth
observed in the retail market, in turn, is creating new growth
opportunities for the market in the emerging economies. Rise in
demand for achieving improved rate of precision in packaging is also
an important factor expected to significantly influence growth of the
end of line packaging market over the forecast period. Need for high
productivity in the manufacturing units, especially in case of
consumer goods, calls for faster packaging processes, which is
another major factor expected to boost the high demand for the end of
line packaging practice globally. Increasing adoption of automation
machineries and innovation in the packaging industry is also fuelling
growth of the end of line packaging market, as it creates lesser
dependency on manual labor. Even though the market is expanding at a
good pace, the ecological effects of the use of plastics and other
materials, coupled with the increase in prices of raw materials,
could hamper the market growth.
The end of line
packaging market is segmented on the basis of materials, mode of
operation, packaging type, and by geography. Based on the materials
used, the end of line market is segmented into raw materials and
machines. Based on the mode of operation, the end of line packaging
market is segmented into automated and semi-automated. Based on the
type of packaging, the end of line packaging market is segmented into
palletizing, cartooning, wrapping, and casepackers-palletizing
combinations.
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By geography, the
global end of line packaging market is segmented into North America,
Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and
Latin America. The end of line packaging market is witnessing growth
mainly in the regions where there is a substantial presence of
manufacturing hubs. Thus, North America and Europe are the major
markets for end of line packaging processes, due to the presence of a
large number of production facilities related to packaged foods and
consumer goods in these regions. APAC, in view of the high
population in the region, is projected to be the fastest growing
market in the global end of line packaging market. Nearly about 2.5
billion people live in China and India alone (35% of the global
population), which is very large when compared to the other
countries. Furthermore, over the past few years, various countries in
the APAC region (especially China and India) have been witnessing
significant FDI influx in their manufacturing sector, due to presence
of various manufacturing industries in these countries. Meanwhile,
the APAC market is expected to be closely followed by the Latin
America market, in view of the establishment of new manufacturing
hubs in Brazil. The market presence of the MEA region, on the other
hand, is also expected to increase steadily over the forecast period.
This is fueled by the favorable growth opportunities for
manufacturing companies in various MEA countries such as South
Africa.
Some of the Key
Market participants in the end of
line packaging market are Pro Mach, Inc., Brenton LLC. Orion
Packaging Systems, LLC., Rennco LLC., Wexxar Packaging Inc., and
Hermann Waldner Gmbh & Co.KG
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