Packaging Automation Solution Market by Product Type, Function, Software and Service, Industry, and Geography - Global Forecast to 2025
Considering the presence of numerous companies, the global packaging automation market is witnessing high competition. While concentration of industries empowers buyers with improved bargaining power, it also has significant impact on the prevailing competition. While entry of new players is restricted, as it would mean hefty investments, the established players are toying various strategies to gain stronger foothold, finds Transparency Market Research (TMR) in a new study. Food and Beverages Industry Exhibits High Demand for Packaging Automation In terms of application, the global packaging automation market is segmented into palletizing, labelling, filling, capping, and wrapping. Of these, the palletizing segment held the dominant share of 27% in the market based on revenue in 2016. It is also forecast to continue leading the market through the course of the forecast period. Paradigm shift from traditional palletizers to hyb...