Global packaging automation solution market to 2022
According to a report by MarketsandMarkets (M&M), the packaging automation solution market is expected to grow from USD 28.39 Billion in 2015 to USD 52.42 Billion by 2022, at a CAGR of 8.68% between 2016 and 2022. The increasing adoption of automation solutions across various industries, increasing need for supply chain integration, and reduction in labor costs are the major drivers for the market.
Europe held the leading position in the packaging automation solution market in terms of market size (value) in 2015. Countries such as Germany, U.K., Italy, and France play an important role in the packaging automation solution market in Europe (Press Release M&M, 8 December 2016).
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