Packaging Automation Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025
As packaging of a product goes a long way towards making an impression as well as providing information to the end users, consumer product manufacturers are not shying away from adopting automation methods that can help them achieve greater product efficiencies. This factor is making a strong thrust on the global packaging automation market, which has been estimated to attain a valuation of US$69.73 billion by the end of 2025, according to a recent business intelligence study by Transparency Market Research (TMR). The report has projected the demand for packaging automation to increment at a potent CAGR of 9.7% during the forecast period of 2016 to 2025. Global Shares Consolidated Within a Few Dominant Players The analyst of the TMR report identifies Siemens AG, Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Automated Packaging Systems, Inc., Swisslog Holding AG, Emerson Electric Co., and Kollmorgen as some of the most prominent players who collectively ...