Packaging Trends in Logistics – Growth Ahead for Machine Vision
The strategy department of the German-based logistics giant DHL has released a new trend report about packaging in logistics. It provides valuable insights into market sizes with their regional shares. The trend analysis of new requirements on packaging for goods and logistics provides insights on growth rates and new demands for Machine Vision systems for packaging applications.
Packaging is one of the key application areas of Machine Vision. Trends in this area influence the demand for Machine Vision systems. Vision systems are applied in the highly automated production of raw materials, such as paper, cardboard, foils, soft plastic, and hard plastic. Also, in machines for cutting, casting, printing, welding, folding, and gluing, as well as in quality inspection, there is no way around optical technologies.
At the same time, Packaging is an area of high technological requirements. According to The Future of Packaging: Long-Term Strategic Forecasts to 2028 by Smithers Apex, the global packaging market was worth $906.59 billion in 2018. DHL mentioned a market size of $886 billion in 2018, likely due to a different slicing of the market by applications, e.g. logistics vs. products.
This sheer size of the global demand requires production processes to run at extremely high speed yet at challenging quality requirements. Line scan cameras and high-speed area scan cameras are demanded by vision systems for packaging. Such camera technology naturally comes with the need for high-end illumination.
Therefore, the value per system is often especially high in packaging-related applications, making it an attractive target market for Component OEMs, Machinery OEMs, and System Integrators.
The report distinguishes three different types of packaging
The key purposes of packaging are:
In each application scenario, e.g. food vs. consumer electronics, pharmaceuticals vs. wafer shipments, different purposes are of different importance.
With the rise of e-commerce to $4.88 trillion by 2021 (Source: Smithers) the requirements on the tertiary but interestingly also on the secondary and primary packaging are changing.
Over 100 billion parcels are expected to be shipped worldwide in 2020, with B2B online retail expected to reach double the value of the B2C online market. Thus, Smart Warehousing and Omnichannel Logistics rely on Machine Vision for continuous tracking, automated handling, and transportation of goods.
On a high-level, the given trends indicate various impacts on Machine Vision suppliers to the Packaging market:
Would you like to learn more about the technical requirements, trends and market opportunities for Machine Vision companies in Packaging and Logistics?
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