The end-of-line packaging market is estimated to secure a valuation of US$ 5.3 billion in 2023 and reach a valuation of US$ 8.2 billion by 2033. The market is estimated to capture a CAGR of 4.4% during the forecast period.
The growing adoption of end-of-line packaging to reduce packaging costs and improve packaging systems in various end-use industries is propelling the global end-of-line packaging market future trends.
The rapid adoption of automated end-of-line packaging in the industrial sector, as well as rising demand to automate manufacturing processes, will drive end-of-line packaging market expansion during the forecasted period. The rising packaged beverage consumption will fuel end-of-line packaging market key trends and opportunities.
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How is the Transportation Sector Enhancing the Global Market?
The transportation sector plays a crucial role in the global market. The market refers packaging process to final distribution to deliver end users’ goods. Transportation is a major platform for delivering these goods that expanding the global market through various ways are:
- Increased Demand for Efficiency Packaging: The growing e-commerce and global trade are increasing the demand for end-of-line packaging to secure goods during transportation. Growing innovations in end-of-line packaging with the adoption of several technologies reduce the risk and ensure product safety.
- Sustainable and Cost-effective:The growing transportation activities are focused on sustainability and cost-effectiveness. With the rising environmental pollution, carbon emission, and high materials costs, the key players cut down several costs and enhanced the environment. These players develop light-weighted, recycled material to reduce waste and fuel costs. The growing sustainable packaging in the transportation sector is driving the global market.
- Automation and Efficiency:In the transportation sector, the demand for end-of-line packaging is growing integrated with automation and robotics technologies. These seamless packaging processes improve efficiency and reduce labor costs in the transportation sector.
- Customization: End users’ demand for customized end-of-line packaging is surging to protect goods. The key companies offer various packaging solutions in several shapes, sizes, and branding requirements. These packaging solutions are flexible that attract consumers’ desire for safe transportation.
- Regulations and Compliance:The transportation sector meets standard regulations to reduce hazardous packaging. The key companies promote eco-friendly packaging solutions for seamless transportation and reduce carbon emissions.
- Last-mile Delivery: End-of-line packaging plays a crucial role in heavy goods packaging and delivering without hassle. This packaging protects goods load, is easy to handle during delivery, and significantly drives the transportation sector to boost the global market.
These are a few suitable factors that collectively increase the adoption of end-of-line packaging in the transportation sector. Growing advanced technologies, innovations, and research and developments are estimated to continue to fuel the global market.
Key Takeaways:
- The end-of-line packaging market is predicted to secure a valuation of US$ 5.3 billion with a CAGR of 4.4% in 2023.
- In the historical period, the market secured a valuation of US$ 5.1 billion with a CAGR of 3.5% in 2022.
- The United States is estimated to register a maximum share of 18.1% in the global market by 2033.
- Japan is anticipated to capture a share of 6.4% of the global market during the forecast period.
- With a share of 5.2%, Germany is significantly driving the global market by 2033.
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Market Players:
- ABB Ltd.
- Schneider Packaging Equipment Company, Inc.
- Festo Corporation
- I.M.A. Industria Machine Automatiche
- Krones AG
- MESPACK
- Pro Mach
- DS Smith plc
- Syntegon Technology GmbH
- Combi Packaging Systems
How Key Companies Adopt Strategic Innovations in the Global Market?
Key companies play a crucial role in developing innovative and unique products in the global market to collect maximum revenue. These players adopt various marketing tactics to uplift the global market, including mergers, acquisitions, product launches, agreements, and partnerships.
Competitive Landscape
The key players of end-of-line packaging are trying to expand their customer base and resources through acquisitions and partnerships with some local or global players. The key players are strengthening their production capacity to cater to the growing demand for packaging machines.
Recent Developments in the Global Market:
- Schneider Packaging Equipment Company, Inc.
On September 16, 2019, GenNx360 Capital Partners (“GenNx360”), in collaboration with the management team and current owners of Schneider Packaging Equipment Company, Inc., announced its investment in the Company.
- Krones AG (Germany)
Krones AG acquired Gernep Group, a German packaging machinery manufacturer, in April 2015. Krones AG acquired Schaefer Förderanlagen- und Maschinen GmbH, Unterföhring, Germany, in March 2015, focusing solely on aftersales service and engineering for pallet handling solutions.
- Bosch Packaging Technology
Bosch Packaging Technology has announced its rebranding as Syntegon and several new operational goals and priorities. Today, the former Bosch division, known as Bosch Packaging Technology until late 2019, presented itself as an independent enterprise. Syntegon Technology is a new name among the processing and packaging industry’s market leaders.
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