The Packaging Automation Market size was USD 73 billion in 2023 and is expected to Reach USD 133 billion by 2031 and grow at a CAGR of 7.8% over the forecast period of 2024-2031.
Packaging that does not require human assistance is called packaging automation. It is a sensible strategy to remove unnecessary work, allowing manufacturers and packaging companies to make more use of less resources. The introduction of packaging automation reduces labor dependency and increases packaging efficiency and reproducibility. In addition, overall packaging costs are reduced and packaging quality is improved. Due to automated devices, production processes have become more productive and efficient. Manufacturers are increasingly using automated machines to pack their goods and products as they are efficient and can reduce labor costs and time. Automation is used in the manufacturing industry for many advantages such as increased flexibility, safe working conditions, strict quality, reduced waste and affordability. In addition, the introduction of programming capabilities into these machines, based on product labeling and presentation needs, allows for versatility and non-repetitiveness of tasks and activities.
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The rise in demand for productivity, industrialization, manufacturing process improvements and increasing utilization of automation in multiple industries including food & beverage, pharmaceutical, and cosmetics are believed to drive the growth of this market. However, the introduction of packaging automation solutions in the industrial sector is hampered by the high initial costs associated with setting up an automation system. Increased demand for customized packages and government measures to support digital transformation in APAC should also provide great potential for market participants. However, one of the biggest obstacles to the expansion of this market is the lack of trained personnel to operate automation equipment.
Rising disposable incomes and developing living standards have increased the demand for robust packaging solutions that ensure the resilience and durability of goods in transit. These considerations have led manufacturers in the healthcare, e-commerce packaging and logistics, and food and beverage industries to adopt sophisticated packaging solutions to accelerate production and embrace mass production concepts.
KEY DRIVERS:
An efficient and automated packaging solution is needed as a result of the increasing e-commerce industry
E-commerce is one of the growing markets around the world that are looking to online shopping. Emerging countries such as India and China are experiencing significant growth in online shopping. The growth of the e-commerce sector has greatly increased the need for packaging equipment at all stages of e-commerce manufacturing, including primary and secondary packaging, labeling, product identification and marking. In addition, product packaging has a significant impact on customer purchasing decisions as it helps keep your goods safe and differentiate your business through eye-catching and creative imagery.
Awareness of the integration of supply chains continues to grow.
RESTRAIN:
As compared to conventional packing, packaging automation is costly.
OPPORTUNITY:
Technological advancements in this sector are driving the market
With this cutting-edge technology, you can easily monitor your packaging machines from anywhere using your desktop computer, mobile device or laptop. These cutting-edge technologies have made it easier for production workers to assess the effectiveness and consistency of such automated systems. The remote control can also send key policies that remotely enable or disable machine features, helping to identify and troubleshoot faults.
Significant growth opportunity is being seen in the pharmaceuticals industry
CHALLENGES:
In the field of automation, there is a shortage of qualified workers.
Exports of packaging machinery from Russia amounted to 53 units, from 28 Russian exporters to 25 buyers, according to Volza's Russian export data. In particular, Moldova, India and Turkey are among the main export markets of Russian packaging machinery. India is the largest exporting country of packaging machinery with 120,600 units followed by China with 90,000 and Germany with 54,800.
As far as Russian import data are concerned, 882 consignments of packaging machines imported into Russia were imported by 211 Russian importers from 154 suppliers according to Volza. In particular, Turkish, Indian and Brazilian packaging machinery is imported by Russia. Vietnam's 129,500 units have been the top 3 importers for packaging machinery followed by the United States with 99,100 and India with 90,600.
Due to trade disruptions export and imports were affected due to the war. There was a downfall in shipments and production was affected.
Recession decreases the packaging needs which will affect the market for packaging automation. During a recession, general economic uncertainty may make companies reluctant to invest in new packaging automation machinery. This could reduce demand for packaging. Market research shows that the industry's spending could fall by 45% during a recession. This will be a major impact to the packaging market.
In 2022, the supply and demand for packaging materials decreased. This is due to lower consumer spending due to the looming recession and rising interest rates.
By Automation Type
Packaging Robots
Tertiary & Palletizing Automation
Secondary Packaging Automation
Automated Conveyer & Sorting Systems
By Offering
Solution
Services
By Function
Labelling
Capping
Bagging
Filling
Palletizing
Others
By Industry Application
Healthcare
Food & Beverages
Personal Care & Cosmetics
Aerospace & Defence
Automotive
Others
North America is a mature packaging automation market driven by an established industry presence and technological advancements. The region's focus on efficiency, sustainability and reduced labor costs has led to widespread acceptance of automated packaging solutions. Major countries contributing to the market include the United States and Canada.
Europe is a major packaging automation market characterized by strict regulations and a focus on sustainability. The region has a strong presence in pharmaceuticals, food and beverages, and e-commerce, driving demand for automated packaging solutions. Countries such as Germany, UK, and France contribute significantly to the market.
Asia Pacific is undergoing rapid industrialization and urbanization, resulting in increased demand for automated packaging solutions. China, Japan, India and South Korea are major market players, driven by the burgeoning e-commerce sector and the need for efficient packaging processes. The region has great growth potential due to its large consumer base and expanding manufacturing activity.
In Latin America, the market for packaging automation is growing due to increasing industrialization and urbanization in countries such as Brazil and Mexico. The food and beverage industry and expanding e-commerce sector are key drivers of automated packaging solutions in the region.
The Middle East and Africa packaging automation market continue to evolve with increasing investments in areas such as food processing, pharmaceuticals, and logistics. Countries such as Saudi Arabia, South Africa and the United Arab Emirates are seeing growth in automated packaging solutions due to the need for increased productivity and efficiency.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Packaging Automation market are Rockwell Automation, Mitsubishi Electric Corporation, Automated Packaging Systems, Emerson Electric Company, Linkx Packaging, SATO Holdings, Multivac Group, ULMA Packaging, ABB Limited, Ranpak, and other players.
The Numina Group has launched a Pakt, which the company says is an entirely finished productized pack and ship automation solution specially built for fulfillment operations.
RanPak, a provider of paperboard packaging solutions for online and industrial supply chains, has launched "Flapit!", which is a highly effective machine to pack many small products at once.
Osaro's working with Sealed Air to demonstrate the robot bagging system.
| Report Attributes | Details |
| Market Size in 2023 | US$ 73 Bn |
| Market Size by 2031 | US$ 133 Bn |
| CAGR | CAGR of 7.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Automation Type (Packaging Robots, Tertiary & Palletizing Automation, Secondary Packaging Automation, Automated Conveyer & Sorting Systems) • By Offering (Solution, Services) • By Function (Labelling, Capping, Bagging, Filling, Palletizing, Others) • By Industry Application (Healthcare, Food & Beverages, Personal Care & Cosmetics, Aerospace & Defence, Automotive, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Rockwell Automation, Mitsubishi Electric Corporation, Automated Packaging Systems, Emerson Electric Company, Linkx Packaging, SATO Holdings, Multivac Group, ULMA Packaging, ABB Limited, Ranpak |
| Key Drivers | • An efficient and automated packaging solution is needed as a result of the increasing e-commerce industry • Awareness of the integration of supply chains continues to grow. |
| Market Restraints | • As compared to conventional packing, packaging automation is costly. |
Ans. The Packaging Automation market will grow at a CAGR of 7.8%.
Ans. The Packaging Automation Market size was USD 73 billion in 2023.
Ans. North American region is the leading market of Packaging automation.
Ans. Technological advancements in this sector are driving the market.
Ans. Growth of e-commerce sector is driving the market.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Packaging Automation Market Segmentation, by Automation Type
8.1 Packaging Robots
8.2 Tertiary & Palletizing Automation
8.3 Secondary Packaging Automation
8.4 Automated Conveyer & Sorting Systems
9. Packaging Automation Market Segmentation, by Offering
9.1 Solution
9.2 Services
10. Packaging Automation Market Segmentation, by Function
10.1 Labelling
10.2 Capping
10.3 Bagging
10.4 Filling
10.5 Palletizing
10.6 Others
11. Packaging Automation Market Segmentation, by Industry Application
11.1 Healthcare
11.2 Food & Beverages
11.3 Personal Care & Cosmetics
11.4 Aerospace & Defence
11.5 Automotive
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Packaging Automation Market by Country
12.2.2North America Packaging Automation Market by Automation Type
12.2.3 North America Packaging Automation Market by Offering
12.2.4 North America Packaging Automation Market by Function
12.2.5 North America Packaging Automation Market by Industry Application
12.2.6 USA
12.2.6.1 USA Packaging Automation Market by Automation Type
12.2.6.2 USA Packaging Automation Market by Offering
12.2.6.3 USA Packaging Automation Market by Function
12.2.6.4 USA Packaging Automation Market by Industry Application
12.2.7 Canada
12.2.7.1 Canada Packaging Automation Market by Automation Type
12.2.7.2 Canada Packaging Automation Market by Offering
12.2.7.3 Canada Packaging Automation Market by Function
12.2.7.4 Canada Packaging Automation Market by Industry Application
12.2.8 Mexico
12.2.8.1 Mexico Packaging Automation Market by Automation Type
12.2.8.2 Mexico Packaging Automation Market by Offering
12.2.8.3 Mexico Packaging Automation Market by Function
12.2.8.4 Mexico Packaging Automation Market by Industry Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Packaging Automation Market by Country
12.3.1.2 Eastern Europe Packaging Automation Market by Automation Type
12.3.1.3 Eastern Europe Packaging Automation Market by Offering
12.3.1.4 Eastern Europe Packaging Automation Market by Function
12.3.1.5 Eastern Europe Packaging Automation Market by Industry Application
12.3.1.6 Poland
12.3.1.6.1 Poland Packaging Automation Market by Automation Type
12.3.1.6.2 Poland Packaging Automation Market by Offering
12.3.1.6.3 Poland Packaging Automation Market by Function
12.3.1.6.4 Poland Packaging Automation Market by Industry Application
12.3.1.7 Romania
12.3.1.7.1 Romania Packaging Automation Market by Automation Type
12.3.1.7.2 Romania Packaging Automation Market by Offering
12.3.1.7.3 Romania Packaging Automation Market by Function
12.3.1.7.4 Romania Packaging Automation Market by Industry Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Packaging Automation Market by Automation Type
12.3.1.8.2 Hungary Packaging Automation Market by Offering
12.3.1.8.3 Hungary Packaging Automation Market by Function
12.3.1.8.4 Hungary Packaging Automation Market by Industry Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Packaging Automation Market by Automation Type
12.3.1.9.2 Turkey Packaging Automation Market by Offering
12.3.1.9.3 Turkey Packaging Automation Market by Function
12.3.1.9.4 Turkey Packaging Automation Market by Industry Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Packaging Automation Market by Automation Type
12.3.1.10.2 Rest of Eastern Europe Packaging Automation Market by Offering
12.3.1.10.3 Rest of Eastern Europe Packaging Automation Market by Function
12.3.1.10.4 Rest of Eastern Europe Packaging Automation Market by Industry Application
12.3.2 Western Europe
12.3.2.1 Western Europe Packaging Automation Market by Country
12.3.2.2 Western Europe Packaging Automation Market by Automation Type
12.3.2.3 Western Europe Packaging Automation Market by Offering
12.3.2.4 Western Europe Packaging Automation Market by Function
12.3.2.5 Western Europe Packaging Automation Market by Industry Application
12.3.2.6 Germany
12.3.2.6.1 Germany Packaging Automation Market by Automation Type
12.3.2.6.2 Germany Packaging Automation Market by Offering
12.3.2.6.3 Germany Packaging Automation Market by Function
12.3.2.6.4 Germany Packaging Automation Market by Industry Application
12.3.2.7 France
12.3.2.7.1 France Packaging Automation Market by Automation Type
12.3.2.7.2 France Packaging Automation Market by Offering
12.3.2.7.3 France Packaging Automation Market by Function
12.3.2.7.4 France Packaging Automation Market by Industry Application
12.3.2.8 UK
12.3.2.8.1 UK Packaging Automation Market by Automation Type
12.3.2.8.2 UK Packaging Automation Market by Offering
12.3.2.8.3 UK Packaging Automation Market by Function
12.3.2.8.4 UK Packaging Automation Market by Industry Application
12.3.2.9 Italy
12.3.2.9.1 Italy Packaging Automation Market by Automation Type
12.3.2.9.2 Italy Packaging Automation Market by Offering
12.3.2.9.3 Italy Packaging Automation Market by Function
12.3.2.9.4 Italy Packaging Automation Market by Industry Application
12.3.2.10 Spain
12.3.2.10.1 Spain Packaging Automation Market by Automation Type
12.3.2.10.2 Spain Packaging Automation Market by Offering
12.3.2.10.3 Spain Packaging Automation Market by Function
12.3.2.10.4 Spain Packaging Automation Market by Industry Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Packaging Automation Market by Automation Type
12.3.2.11.2 Netherlands Packaging Automation Market by Offering
12.3.2.11.3 Netherlands Packaging Automation Market by Function
12.3.2.11.4 Netherlands Packaging Automation Market by Industry Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Packaging Automation Market by Automation Type
12.3.2.12.2 Switzerland Packaging Automation Market by Offering
12.3.2.12.3 Switzerland Packaging Automation Market by Function
12.3.2.12.4 Switzerland Packaging Automation Market by Industry Application
12.3.2.13 Austria
12.3.2.13.1 Austria Packaging Automation Market by Automation Type
12.3.2.13.2 Austria Packaging Automation Market by Offering
12.3.2.13.3 Austria Packaging Automation Market by Function
12.3.2.13.4 Austria Packaging Automation Market by Industry Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Packaging Automation Market by Automation Type
12.3.2.14.2 Rest of Western Europe Packaging Automation Market by Offering
12.3.2.14.3 Rest of Western Europe Packaging Automation Market by Function
12.3.2.14.4 Rest of Western Europe Packaging Automation Market by Industry Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Packaging Automation Market by Country
12.4.2 Asia Pacific Packaging Automation Market by Automation Type
12.4.3 Asia Pacific Packaging Automation Market by Offering
12.4.4 Asia Pacific Packaging Automation Market by Function
12.4.5 Asia Pacific Packaging Automation Market by Industry Application
12.4.6 China
12.4.6.1 China Packaging Automation Market by Automation Type
12.4.6.2 China Packaging Automation Market by Offering
12.4.6.3 China Packaging Automation Market by Function
12.4.6.4 China Packaging Automation Market by Industry Application
12.4.7 India
12.4.7.1 India Packaging Automation Market by Automation Type
12.4.7.2 India Packaging Automation Market by Offering
12.4.7.3 India Packaging Automation Market by Function
12.4.7.4 India Packaging Automation Market by Industry Application
12.4.8 Japan
12.4.8.1 Japan Packaging Automation Market by Automation Type
12.4.8.2 Japan Packaging Automation Market by Offering
12.4.8.3 Japan Packaging Automation Market by Function
12.4.8.4 Japan Packaging Automation Market by Industry Application
12.4.9 South Korea
12.4.9.1 South Korea Packaging Automation Market by Automation Type
12.4.9.2 South Korea Packaging Automation Market by Offering
12.4.9.3 South Korea Packaging Automation Market by Function
12.4.9.4 South Korea Packaging Automation Market by Industry Application
12.4.10 Vietnam
12.4.10.1 Vietnam Packaging Automation Market by Automation Type
12.4.10.2 Vietnam Packaging Automation Market by Offering
12.4.10.3 Vietnam Packaging Automation Market by Function
12.4.10.4 Vietnam Packaging Automation Market by Industry Application
12.4.11 Singapore
12.4.11.1 Singapore Packaging Automation Market by Automation Type
12.4.11.2 Singapore Packaging Automation Market by Offering
12.4.11.3 Singapore Packaging Automation Market by Function
12.4.11.4 Singapore Packaging Automation Market by Industry Application
12.4.12 Australia
12.4.12.1 Australia Packaging Automation Market by Automation Type
12.4.12.2 Australia Packaging Automation Market by Offering
12.4.12.3 Australia Packaging Automation Market by Function
12.4.12.4 Australia Packaging Automation Market by Industry Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Packaging Automation Market by Automation Type
12.4.13.2 Rest of Asia-Pacific APAC Packaging Automation Market by Offering
12.4.13.3 Rest of Asia-Pacific Packaging Automation Market by Function
12.4.13.4 Rest of Asia-Pacific Packaging Automation Market by Industry Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Packaging Automation Market by country
12.5.1.2 Middle East Packaging Automation Market by Automation Type
12.5.1.3 Middle East Packaging Automation Market by Offering
12.5.1.4 Middle East Packaging Automation Market by Function
12.5.1.5 Middle East Packaging Automation Market by Industry Application
12.5.1.6 UAE
12.5.1.6.1 UAE Packaging Automation Market by Automation Type
12.5.1.6.2 UAE Packaging Automation Market by Offering
12.5.1.6.3 UAE Packaging Automation Market by Function
12.5.1.6.4 UAE Packaging Automation Market by Industry Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Packaging Automation Market by Automation Type
12.5.1.7.2 Egypt Packaging Automation Market by Offering
12.5.1.7.3 Egypt Packaging Automation Market by Function
12.5.1.7.4 Egypt Packaging Automation Market by Industry Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Packaging Automation Market by Automation Type
12.5.1.8.2 Saudi Arabia Packaging Automation Market by Offering
12.5.1.8.3 Saudi Arabia Packaging Automation Market by Function
12.5.1.8.4 Saudi Arabia Packaging Automation Market by Industry Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Packaging Automation Market by Automation Type
12.5.1.9.2 Qatar Packaging Automation Market by Offering
12.5.1.9.3 Qatar Packaging Automation Market by Function
12.5.1.9.4 Qatar Packaging Automation Market by Industry Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Packaging Automation Market by Automation Type
12.5.1.10.2 Rest of Middle East Packaging Automation Market by Offering
12.5.1.10.3 Rest of Middle East Packaging Automation Market by Function
12.5.1.10.4 Rest of Middle East Packaging Automation Market by Industry Application
12.5.2. Africa
12.5.2.1 Africa Packaging Automation Market by country
12.5.2.2 Africa Packaging Automation Market by Automation Type
12.5.2.3 Africa Packaging Automation Market by Offering
12.5.2.4 Africa Packaging Automation Market by Function
12.5.2.5 Africa Packaging Automation Market by Industry Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Packaging Automation Market by Automation Type
12.5.2.6.2 Nigeria Packaging Automation Market by Offering
12.5.2.6.3 Nigeria Packaging Automation Market by Function
12.5.2.6.4 Nigeria Packaging Automation Market by Industry Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Packaging Automation Market by Automation Type
12.5.2.7.2 South Africa Packaging Automation Market by Offering
12.5.2.7.3 South Africa Packaging Automation Market by Function
12.5.2.7.4 South Africa Packaging Automation Market by Industry Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Packaging Automation Market by Automation Type
12.5.2.8.2 Rest of Africa Packaging Automation Market by Offering
12.5.2.8.3 Rest of Africa Packaging Automation Market by Function
12.5.2.8.4 Rest of Africa Packaging Automation Market by Industry Application
12.6. Latin America
12.6.1 Latin America Packaging Automation Market by country
12.6.2 Latin America Packaging Automation Market by Automation Type
12.6.3 Latin America Packaging Automation Market by Offering
12.6.4 Latin America Packaging Automation Market by Function
12.6.5 Latin America Packaging Automation Market by Industry Application
12.6.6 Brazil
12.6.6.1 Brazil Packaging Automation Market by Automation Type
12.6.6.2 Brazil Africa Packaging Automation Market by Offering
12.6.6.3 Brazil Packaging Automation Market by Function
12.6.6.4 Brazil Packaging Automation Market by Industry Application
12.6.7 Argentina
12.6.7.1 Argentina Packaging Automation Market by Automation Type
12.6.7.2 Argentina Packaging Automation Market by Offering
12.6.7.3 Argentina Packaging Automation Market by Function
12.6.7.4 Argentina Packaging Automation Market by Industry Application
12.6.8 Colombia
12.6.8.1 Colombia Packaging Automation Market by Automation Type
12.6.8.2 Colombia Packaging Automation Market by Offering
12.6.8.3 Colombia Packaging Automation Market by Function
12.6.8.4 Colombia Packaging Automation Market by Industry Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Packaging Automation Market by Automation Type
12.6.9.2 Rest of Latin America Packaging Automation Market by Offering
12.6.9.3 Rest of Latin America Packaging Automation Market by Function
12.6.9.4 Rest of Latin America Packaging Automation Market by Industry Application
13 Company Profile
13.1 Rockwell Automation
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Mitsubishi Electric Corporation
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Automated Packaging Systems
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Emerson Electric Company
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Linkx Packaging
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 SATO Holdings
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Multivac Group
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 ULMA Packaging
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 ABB Limited
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Ranpak
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Snack Food Packaging Market size was USD 19.28 billion in 2023 and is expected to Reach USD 26.60 billion by 2031 and grow at a CAGR of 4.1% over the forecast period of 2024-2031.
The AI In Packaging Market Size was valued at USD 2100 million in 2023 and is expected to reach USD 5593.62 million by 2031 and grow at a CAGR of 11.5 % over the forecast period 2024-2031.
The Logistics Packaging Market size was valued at USD 25822.01 million in 2023 and is expected to grow to USD 38442.52 million by 2031 and grow at a CAGR of 5.1% over the forecast period of 2024-2031.
The Box And Carton Overwrap Film Market size was USD 12.18 billion in 2023 and is expected to Reach USD 16.42 billion by 2031 and grow at a CAGR of 3.8% over the forecast period of 2024-2031.
The Water Soluble Packaging Market size was USD 3.12 billion in 2022 and is expected to Reach USD 4.75 billion by 2030 and grow at a CAGR of 5.4 % over the forecast period of 2023-2030.
The Dunnage Packaging Market size was USD 4.08 billion in 2023 and is expected to Reach USD 6.55 billion by 2031 and grow at a CAGR of 6.1% over the forecast period of 2024-2031.
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