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The end-of-line packaging market share is expected to increase by USD 4.63 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.07%.
This end-of-line packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers end-of-line packaging market segmentation by product (labeling equipment, wrapping equipment, and palletizing equipment) and geography (Europe, APAC, North America, South America, and MEA). The end-of-line packaging market report also offers information on several market vendors, including ABB Ltd., Combi Packaging Systems LLC, DS Smith Plc, Festo SE and Co. KG, IMA Industria Macchine Automatiche Spa, KRONES AG, Pro Mach Inc., Robert Bosch GmbH, Schneider Packaging Equipment Co. Inc., and Tetra Laval International SA among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing consumption of packaged beverages is notably driving the end-of-line packaging market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the end-of-line packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key End-of-line Packaging Market Driver
One of the key factors driving growth in the end-of-line packaging market is the increasing consumption of packaged beverages. Despite the declining consumption of carbonated soft drinks, owing to the growing health consciousness among people, the market is expected to benefit significantly from the increasing consumption of healthy drinks. The rise in the consumption of healthy drinks is expected to offset the challenges arising from the decreasing consumption of carbonated soft drinks. The consumption of packaged milk and other dairy-based beverages is also increasing across the globe. The growing global consumption of packaged beverages is expected to contribute to an increased demand for end-of-line packaging systems. Irrespective of the type of primary packaging used, such as glass, cartons, and cans, proper end-of-line packaging is also needed for better product safety, especially during transportation and storage. As a result, the increasing consumption of packaged beverages is expected to contribute significantly to the growth of the end-of-line packaging market.
Key End-of-line Packaging Market Trend
The pharmaceutical requirements with respect to end-of-line packaging systems is another factor supporting the end-of-line packaging market share growth. The end-of-line packaging has become a complicated process for pharmaceutical manufacturers after the implementation of the regulation to improve the traceability of products in a supply chain. The implementation of serialization increases the requirements of data carriers, including RFID tags and 2D barcodes. Vendors of the market are engineering end-of-line packaging systems that can print the labels with lot numbers, product codes, timestamps, batch numbers, and global trade identification numbers (GTINs) both on secondary and tertiary packages. Pharmaceutical manufacturers are also seeking to partner with vendors of the global end-of-line packaging market. The partnership would help the end-of-line packaging systems manufacturers to design flexible tools to handle large product sizes.
Key End-of-line Packaging Market Challenge
The volatility in raw material prices will be a major challenge for the end-of-line packaging market during the forecast period. Steel is one of the significant raw materials used in manufacturing end-of-line equipment. Steel is extracted from iron ore, and the volatility in iron ore prices directly impacts the price of steel. The unstable economic conditions of China, one of the largest producers of iron ore, is adversely affecting iron ore production in the country and is leading to an increase in the cost of steel. Steep fluctuations in steel prices will affect the profit margin of end-of-line equipment manufacturers. A steep decline in steel prices will increase the raw material purchase costs for end-of-line packaging system manufacturers. At the same time, it can also affect their profit margins because the lower raw material price will require a similar reduction in the price of the end-product (end-of-line packaging equipment).
This end-of-line packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global end-of-line packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the end-of-line packaging market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the end-of-line packaging market encompasses successful business strategies deployed by the key vendors. The end-of-line packaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The end-of-line packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the end-of-line packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the metal and glass containers market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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