End of Line Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026
Albany, NY -- (SBWIRE) -- 04/20/2016 -- 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.
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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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