As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Packaging Inspection Systems market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Packaging Inspection Systems Market in the coming 10 years.
The global market for packaging inspection systems is predicted to grow at a 6.3% CAGR over the course of the forecast period, reaching a revenue of US$472.4 Mn in 2022 and US$870.25 Mn by 2032.
The report conducts an in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Packaging Inspection Systems
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Packaging Inspection Systems market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Packaging Inspection Systems Market Takeaways and Projections
- The U.S. is expected to lead the North America Packaging Inspection Systems market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Packaging Inspection Systems Historical Market Analysis: The detailed survey by FMI, examines key factors in the Packaging Inspection Systems market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Packaging Inspection Systems market for the forecast period 2022-2032.
- Packaging Inspection Systems Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Packaging Inspection Systems for the assessment period. As per the study, the demand for Packaging Inspection Systems will grow at a robust CAGR between 2022 and 2032.
- Packaging Inspection Systems Market Trend Analysis: The latest study by FMI on the Packaging Inspection Systems market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Packaging Inspection Systems market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
For the food and beverage industry, key players are developing vision-based inspection systems that can effectively detect errors on high-speed production lines, which ensure the quality and integrity of the end product. These systems can further carry out the complete product and packaging inspection via seal and cap inspection.
Furthermore, it can inspect the printing on the label via label verification, batch coding verification, barcode verification, etc. Other unique solutions that key manufacturers are offering are the vision measuring system, which is used to check the level of liquid product in a transparent container, as well as the “Glue Line Inspector” that inspects the cold seal on food packaging to avoid contamination of the food content inside the packaging.
The high-demand and fast-moving category are alcoholic drinks, also called liquor. The taxation angle surges governments to focus on monitoring the sales of goods in this category, to ensure that counterfeit items are not sold, which can cause serious harm to people.
Key market players offer end-to-end solutions that help with tracking off products and ensuring verification that genuine products are sold to the end users. Serialization and traceability help monitor activities and products in the alcoholic drinks/liquor industry. Manufacturers generate a unique code for each container which is marked on the cap, which also acts as a seal.
Through the distribution chain and at retail locations, this code can be scanned when packed. Various key players have been successful at providing label applications and a scanning speed of 600 containers per minute.
One of the most sensitive and practical vacuum-based leak detection methods is vacuum decay. This type of test gives a reproducible, reliable, and accurate quantitative result, as well as a pass or fail determination. This non-destructive technology is capable of detecting package leaks, along with invisible defects using absolute pressure or differential pressure transducer leak test system.
Machine-vision-based inspection systems help FMCG manufacturers to optimize production and packaging processes, ensuring high-quality products without sacrificing the speed of production. The packaging inspection systems market share further uses high-tech Cognex cameras, which can be calibrated for container inspection and seal inspection for all kinds of packets and containers.
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Packaging Inspection Systems Market Regional Outlook
The regions with developed countries such as Western Europe and North America, along with Japan has already a huge number of highly automated factories and along with a large number of manufacturing firms which has achieved six sigma quality production.
Thus, the market size of the packaging inspection systems seems to be large in North America, Western Europe, and Japan, while expected to expand at a slower pace. On the other hand, APEJ is the region with very large and rapidly growing packaging demand along with production output and GDP.
Thus, the packaging inspection systems market size seems to be significantly large in the region while a large number of local and low production output firms which prefer to employ an engineer for inspection purpose has restrained the market in the region.
Packaging Inspection Systems Market Key Players
Some of the key players of the packaging inspection systems market are
- PTI Packaging Technologies and Inspection
- Propix Technology Solutions
- Epic Machine Vision Systems
- PennWell Corporation
- Complete Inspection Systems, Inc.
- Nireco Corporation
- Eagle PI
- ACG Inspection
- ULMA Packaging, S.Coop.
- VAIA Technologies
- Sacmi Group
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Packaging Inspection Systems Market Segmentation
The packaging inspection systems market can be segmented on the basis of packaging as
- Bottles & Cans
- Cups & trays
- Cartons
- Bags & pouches
- Blisters
- Others
The packaging inspection systems market can be segmented on the basis of end-use industry as
- Food
- Beverage
- Pharmaceutical
- Chemical
- Homecare
- Personal care
- Industrial products
The packaging inspection systems market can be segmented on the basis of geographical regions as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
- Asia Pacific excluding Japan (APEJ)
- Japan
About Future Market Insights, Inc.
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