Packaging Automation Market
Packaging Automation Market Size And Forecast
Packaging Automation Market was valued at USD 51.58 Billion in 2018 and is projected to reach USD 102.62 Billion by 2026, growing at a CAGR of 8.94% from 2019 to 2026.
Global Packaging Automation Market Outlook
Packaging automation can potentially maximize productivity and therefore provides a competitive edge to the manufacturers. Packaging automation significantly saves a huge amount of time and help the manufacturers to remain competitive, therefore boosting the market. Moreover, it leads to reduced dependence on skilled manpower which further acts as a key driver of the market. The growing concern for high labor costs has been acting as a prominent factor for the market growth.
Global Packaging Automation Market Competitive Landscape
The Global Packaging Automation Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Rockwell Automation, Inc., Falcon Autotech Private Limited, Mitsubishi Electric Corporation, Swisslog Holding AG, ABB Ltd., Emerson Electric Co., Kollmorgen Corporation.
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