Some of the top players operating in the global end-of-line packaging market are Combi Packaging Systems LLC, Gebo Cermex, Schneider Packaging Equipment Co. Inc., Festo Corporation, Pro Mach, Inc., DS Smith Plc., Bosch Packaging Technology, IMA S.p.A., and Krones AG., notes Transparency Market Research (TMR). A number of prominent players are offering technologically-advanced integrated packaging solutions for meeting a variety of needs of their clients, in order to gain a competitive edge over others. Several players are offering automatic and semi-automatic complete end-of-line packaging solutions that can be easily integrated into the existing packaging lines. A number of companies are also focused on offering customized standalone as well as integrated end-of-line packaging solutions.
The global end-of-line packaging market stood at US$ 4,221.1 mn by the end of 2017, vis-à-vis revenue. The global market is projected to rise at a CAGR of 4.0% from 2017 to 2026.
The various end-use industries for the application of end-of-line packaging are pharmaceuticals, automotive, electronics and semiconductor, chemical products, food and beverages, and consumer products. Of these, the pharmaceuticals industry is the most promising segment and is projected to expand at the leading CAGR during 2017–2026. Meanwhile, the food and beverages segment is anticipated to account for the leading share in the overall market throughout the assessment period.
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Regionally, Europe is the leading market for end-of-line packaging accounting for the dominant share throughout the forecast period. This will be trailed by North America and Asia Pacific, with the latter expected to rise at a robust CAGR during the forecast period. The substantially rising demand for automation in several end-use industries is stoking the demand for end-of-line packaging in these regions.