The global end-of-line packaging market was valued at USD 5.7 billion in 2022, growing at a CAGR of 3.5% from 2023 to 2032. The market is expected to reach USD 8.0 billion by 2032. The growing adoption of such a packaging system to lower costs and enhance packaging systems across various end-use industries drives the global end-of-line packaging market. Furthermore, the market would rise over the projected period due to the increasing need for automated manufacturing processes and the growing installation of automated end-of-line packaging in the industrial sector. Additionally, the market will grow as bottled beverages become more and more popular.
End-of-line packaging is the tools and machines used to complete the shipping package before shipment or the final transportation of the goods. This kind of system ensures that the processes involved run smoothly while also helping to satisfy the increasing demands of end users. Palletisers, stretch wrappers, carton erectors, packers and sealers, and any further auxiliary equipment required to finish packaging for shipping are included in this equipment. In addition, by improving production efficiency in quantity, process automation helps employers better use the labour they already have. It also lessens the need for specialised labour, freeing workers to focus on other crucial abilities. There are two types of end-of-line packaging systems available: automated and semi-automatic. While automatic end-of-line packaging machines are self-sufficient, semi-automated packaging machines necessitate human intervention for certain tasks.
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In 2021, Serpa Packaging, a top supplier of cartoning and end-of-line solutions, was purchased by ProMach. ProMach's portfolio now includes automated cartoning systems owing to Serpa, which also greatly increases the company's capacity for line integration and specialised secondary packaging equipment for the quickly expanding pharmaceutical sector.
In 2020, Solutions for Cloud Packaging was acquired by Duravant Group. Mespack-Cloud, a Duravant subsidiary, will replace Cloud Packaging Solutions due to the synergies between Cloud's product offerings and the highly developed equipment portfolio of Mespack, an operational subsidiary of Duravant.
Higher demand for automation- Due to the widespread usage of the internet and e-commerce, which has made the world a global marketplace, there is a significant demand for goods from around the globe. Products of every kind, from essentials to luxuries, are needed. For example, over the projection period, the global population will increase several times over. As a result, a greater demand for food will increase production. End-of-line automation is needed to deliver the product efficiently and fulfil all standard supply, ensuring there is always a supply of food or other essential products for the world's population.
Performance alignment issue- one of the biggest obstacles to the market's expansion would be ensuring that automation performance aligns with client desires. Consumer preferences have changed recently, favouring more affordable and high-quality products. Therefore, ensuring that the automation performance aligns with the production during the projection period could provide a significant issue for the end-of-line packaging market.
Reduce production rate and workforce- End-of-line packaging is expected to rise faster due to the growing need for lower labour and production costs. End-of-line packaging has enhanced the production process overall and reduced the possibility of danger from human error. This is likely to help the end-of-line packaging sector expand.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the largest region for the global end-of-line packaging market, with a 38.5% market revenue share in 2022.
The European region leads the global market for end-of-line packaging because there is an increasing need for distinct packaging specifications for different products. Expanding the dairy, pharmaceutical, and packaging machinery industries will greatly impact this region's end-of-line packaging market growth.
Europe Region End-of-Line Packaging Market Share in 2022 - 38.5%
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The technology segment is divided into semi-automatic and automatic. The automatic segment dominated the market, with a market share of around 59% in 2022. To reduce labour costs and production expenses, end-use industries are rapidly turning to automated technology; therefore, the autonomous sector will continue to hold a dominant share of the global end-of-line packaging market throughout the forecast period.
The order type segment is divided into standard and customized. The customized segment dominated the market, with a market share of around 55% in 2022. This is because a growing market for customised products needs unique packaging. Standardised packaging is used by many small and medium-sized firms, which make up the majority of the customised market.
The function segment is divided into integrated, palletizing, carton erecting sealing, stand-alone, labelling, stretch wrapping, packing, and others. The stand-alone segment dominated the market, with a market share of around 21% in 2022. Growing consumer awareness of healthy eating practices, rising food product consumption, and a preference for environmentally friendly packaging are the main drivers of this growth. There is growing interest in creative and specialised product launches from consumer packaged goods (CPG) companies to the increased demand for standalone sectors.
The end-user segment is divided into pharmaceutical, automotive, consumer products, food and beverages, electronics and semiconductors, chemical products, and others. The food and beverages segment dominated the market, with a market share of around 23% in 2022. The food and beverage segment is expected to lead the global market for the predicted period due to the growing use of packaged beverages.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2022 | USD 5.7 Billion |
Market size value in 2032 | USD 8.0 Billion |
CAGR (2023 to 2032) | 3.5% |
Historical data | 2019-2021 |
Base Year | 2022 |
Forecast | 2023-2032 |
Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Technology, Order Type, Function, End-User |
As per The Brainy Insights, the size of the end-of-line packaging market was valued at USD 5.7 billion in 2022 to USD 8.0 billion by 2032.
The global end-of-line packaging market is growing at a CAGR of 3.5% during the forecast period 2023-2032.
Europe emerged as the largest end-of-line packaging market.
This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global end-of-line packaging market based on the below-mentioned segments:
Global End-of-Line Packaging Market By Technology:
Global End-of-Line Packaging Market By Order Type:
Global End-of-Line Packaging Market By Function:
Global End-of-Line Packaging Market By End-User:
Global End-of-Line Packaging Market By Region:
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