Packaging Robots Market Size by Type (Primary Packaging and Secondary Packaging), by Application (Packaging, Box Packaging, Pick and Place, Tray Packaging and Others), by End User (Logistics, Consumer Products, Food and Beverages, Pharmaceuticals and Others), Regions, Segmentation, and Forecast Until 2030.
Pune INDIA, Feb. 02, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned segmentation and regional analysis for North America, Europe, Asia, South America, Middle East and Africa. These are the main areas where Packaging robots market It works and is expected to expand soon. Manufacturers and suppliers involved Packaging robots market They are present in various countries in the above regions.
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The report gives a detailed understanding of the market segments shaped by the combination of various possibilities such as type, application, end user, and regions. Apart from this, the key drivers, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
important players operating in the world Packaging robots market These are Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation, among others. To achieve a significant market share in the worldwide packaging robots market and enhance its position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, partnerships and joint ventures.
Products are packaged to keep them safe. Different end user industries are now day by day turning to fully automated technologies like packaging robots. The purpose of packing robots is to pick up objects from different storage locations and place them on the shelves following a predetermined path. Robotic arms are usually programmed to move along predetermined paths to pick up objects. With packaging robots, labor-intensive tasks can be completed faster and more efficiently. Their ease of use comes from built-in controls and intuitive human-machine interfaces with advanced sensors and software. Packaging robots are flexible, consistent and accurate. The global packaging robots market is expected to grow positively due to the need for automatic detection and sorting, which is a key factor identified in the research analysis. With the help of advanced sensors and laser vision and detection technology, packaging robots locate objects. There are some factors that hinder the growth of packaging robots market such as high installation cost and lack of skilled labor. A significant capital investment is required when installing an automated filling system into new filling lines or existing lines. Due to the high capital investment required to install and maintain packaging robots, small and medium-sized manufacturers are reluctant to install them.
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Scope of the Packaging Robots Market Report:
|
Scale report |
Information |
|
The study period |
2022-2030 |
|
base year |
2022 |
|
forecast period |
2023-2030 |
|
market share unit |
billion US dollars |
|
Covered slices |
Type, application, end user and regions. |
|
covered areas |
North America, Europe, Asia Pacific, South America, Middle East and Africa |
|
The main players |
Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation and others |
Split analysis
Primary packaging is expected to be the fastest growing sector in 2022.
The type clip includes primary packaging and secondary packaging. The primary packaging segment is expected to witness the highest growth rate during the forecast period. Primary packaging is used by the food, beverage, and pharmaceutical industries to manufacture and package delicate and sensitive products. Primary packaging preserves the shelf life of products. The use of robots in the initial packaging of medicines and liquid juices provides high accuracy to maintain quantity and quality.
Pick & Place is expected to be the fastest growing sector in 2022.
The application sector includes filling, case filling, picking and placing, tray filling and others. The pick and place segment is expected to witness the highest growth rate during the forecast period. The CAGR of pick and place applications is expected to be the fastest during the forecast period due to the rapid growth of e-commerce and the use of packaging robots as an alternative to manual picking. Packaging robots will also increase their market share due to their advantages such as less damage and more efficient picking and placement processes.
Food and beverages are expected to be the fastest growing segment in 2022.
The end user segment includes logistics services, consumer products, food and beverages, pharmaceuticals, and others. The food and beverage sector is expected to witness the highest growth rate during the forecast period. By automating packaging processes with packaging robots, assembly line operations are becoming more efficient, reliable, and high-quality, driving the adoption of vision-enabled packaging robots. Packaging robots provide proper product handling by reducing the chances of spillage in the case of liquid semi-solid products.
Regional analysis
Regional analysis provides a detailed visualization of major regions and countries. Some of the key countries analyzed for the packaging robots market include United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The Asia Pacific region saw a significant share. There are several factors contributing to the dominant position of packaging robots in the Asia-Pacific region at present, including the increasing use of packaging robots resulting from high levels of automation and intelligent modernization, and the adoption of vision sensing technology. Moreover, the presence of major players in the region also contributes a significant share in the growth of the market.
State analysis
Germany’s packaging robots market was valued at USD 0.29 billion in 2022 and is expected to reach USD 0.59 billion by 2030, at a CAGR of 9.4% from 2023 to 2030.
Companies are expected to increase their demand for industrial packaging robots as they focus more on precision in supply chains. Additionally, autonomous robots will be able to generate an upward growth trend in the country as levels of automation grow across a range of end-use industries.
China’s packaging robot market was valued at US$0.41 billion in 2022 and is expected to reach US$0.86 billion by 2030, at a CAGR of 9.8% from 2023 to 2030.
The growth of the packaging robots market has been attributed to factors such as the need to reduce operational costs in the packaging industry, as well as developments in manufacturing technology resulting from higher consumer demand.
Packaging robots market in India was valued at US$ 0.32 billion in 2022 and is expected to reach US$ 0.67 billion by 2030, at a CAGR of 9.7% from 2023 to 2030.
Numerous factors are driving the growth of the market, including increasing demand for highly automated and modernization, rapid industrialization, and technological advancements such as the use of vision sensing technology.
The impact of Covid-19
Covid-19 has had a significant impact on almost all industries, such as electronics, semiconductors, manufacturing, automobiles, etc. However, many companies operating in the technology sector have seen an increase in revenues due to significant changes in consumer preferences towards technology services. In addition, the pandemic has led to a significant growth in technology across developing and developed countries.
Moreover, the growth of this market is mainly due to the increase brought about by the increasing technological advancement.
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