Asia Pacific Packaging Automation Solutions Market By Application (Form Filling, Sealing, Palletizing, Labelling, Wrapping), Product Type (Automated Packagers, Automated Conveyors, Packaging Robots), End User (Food & Beverages, Pharmaceutical, Automotive, E-commerce, Chemicals)
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The Asia Pacific Packaging Automation Solutions Market would witness market growth of 9.7% CAGR during the forecast period (2017 - 2023). Asia-Pacific is expected to grow at the highest CAGR during the forecast period, due to rapid population growth and demand for manufacturing activities of consumer goods. The developing economies have further added to the demand for consumer products in recent years.
The developing economies would contribute to the demand for automated packaging solutions in various applications in the packaging industry. However, installation of automated packaging solutions, including packaging machines involves substantial cost and this would be a factor that would limit market growth.
Additionally, stringent government regulations that deal with injuries caused due to the use of automated machinery in the food & beverage industry would further limit the global packaging automation solutions market growth. Based on Application, the market report segments the market into Form Filling & Sealing, Palletizing Automation Solution, Labelling Automation Solution, Wrapping Automation Solution, and Others.
Based on Product Type, the market report segments the market into Automated Packagers, Automated Conveyors, and Packaging Robots. Based on End User, the market report segments the market into Food & Beverages, Healthcare & Pharmaceutical, Automotive, E-commerce & Logistics, Chemicals, and Others. Based on Countries, the Packaging Automation Solutions market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the Packaging Automation Solutions Market. Key companies profiled in the report include Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Automated Packaging Systems, Inc., BEUMER Group GmbH & Co., KG, Siemens AG, Kuka AG (Swisslog Holding AG), Brenton, PakTech, and SATO Holdings.