According to a new report published by Allied Market Research, titled, Global Case Packers Market by Automation Mode, Machine Type, and End Users: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global case packers market size was valued at $4,853 million in 2016 and is projected to reach $7,228 million by 2023, growing at a CAGR of 6.1% from 2017 to 2023. The food & beverage case packers segment accounted for the maximum share in 2016 and is projected to remain dominant during the forecast period.
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The demand for case packers is largely generated from the rapid growth of the food & beverage industry. In addition, hike in daily wages and shrinkage of semi-skilled & unskilled labors are pushing various industries toward factory automation. Moreover, robotic case packers are flexible in nature, and therefore their demand is high in several end-user industries. This factor is anticipated to drive the global case packers market. In addition, automation in manufacturing industries including case packaging plays a vital role in reducing energy consumption and optimizing operational efficiency, which is also a supporting factor to drive the market.
The case packers machineries deployed in factory automation are used in secondary packaging of goods. Case packaging machines are deployed in secondary packaging of packed goods. This outer layer of packaging makes the product more secure against physical damages while storing and transporting. Illinois Tool Works Inc., Pro Mach, Inc., Robert Bosch GmbH, Marchesini Group S.p.A., abd Molins PLC., are the major manufacturers and suppliers of the case packers machine across the globe. The robotic case packer segment of the market is anticipated to exhibit a notable growth by 2023.
The global food & beverage industry is expected to grow at a notable rate during the forecast period. Majority of this demand is expected to be generated from the emerging countries, such as China, India, Vietnam, Indonesia, and others, due to the increase in disposable income, demand for ready-to-eat packaged food, and improvement in living standards. This has increased the demand for food & beverage industry, which is anticipated to offer lucrative market opportunities for various packaging machinery, including case packers machine. The fastest growing end user industry for the case packers market is the chemical segment, which is expected to grow at a relatively high CAGR and is forecast to reach $939 million by 2023.
Robotic case packers is the fastest growing segment in the global case packing machinery industry. The majority of the growth in the market is anticipated to be witnessed from the emerging regions of Asia-Pacific and Africa. Increase in demand for food & beverages, home & personal care goods, and pharmaceutical industries and growth in retail industry drive the global robotic case packers market.
Asia-Pacific accounted for the highest share in the global case packers industry in 2016, and is expected to maintain its dominance throughout the forecast period, owing to the existence of a wide array of food & beverage and personal care product manufacturers in the region. The region is anticipated to grow at the highest rate in the near future, owing to high economic growth rate and high demand in emerging markets of FMCG. North America and Europe are among the mature markets for case packers machinery as these are developed regions with the presence of a large number of players operating in the market.
Key Findings of the Global Case Packers Market:
- The food & beverage sector generated the highest revenue in 2016. It comprises of 37.3% of the global case packers market in the year 2016, and it is expected grow moderately.
- Robotic case packer is expected to fastest growing segment, owing to wide applications in various end user industry such as the food & beverages, cosmetics, and pharmaceutical industries.
- Vertical Case packers is the major shareholder in the case packers market by machine type, accounting for more than 29.5% share in 2016.
The key players focus on expanding their business operations in the emerging countries by adopting various strategies, such as acquisitions and contracts/agreements. The major players profiled in this report include ADCO Manufacturing, Hangzhou Youngsun Intelligent Equipment Co., Ltd., Illinois Tool Works Inc., KN Packaging Solutions Pvt. Ltd., Marchesini Group S.p.A., Massman Automation Designs, LLC, Molins PLC., Pro Mach, Inc., Robert Bosch GmbH, and U-PACK ENGINEERING (SHANGHAI) CO., LTD.