Overview and Scope
Packaging robots are automated robotic arms programmed to open, fill, transport, palletize, seal, code, or label product packaging. These are used to handle materials, transport, or pack things that allow products to be packaged with better efficiency and speed, uniformity, quality, and accuracy.
Sizing and Forecast
The packaging robots market size has grown rapidly in recent years. It will grow from $5.57 billion in 2023 to $6.26 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to labor shortages in manufacturing, increasing consumer demand for customization, advancements in robotics and automation, rising labor costs, stringent quality and safety standards, .
The packaging robots market size is expected to see rapid growth in the next few years. It will grow to $9.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to integration of artificial intelligence (ai) and machine learning, rise of sustainable packaging, increased focus on hygienic design, expansion of smart manufacturing, flexible packaging solutions. Major trends in the forecast period include collaborative robotics (cobots), robotics as a service (raas), vision-guided robotics for quality control, integration of robotic picking and packing, blockchain for traceability in packaging.
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The packaging robots market covered in this report is segmented –
1) By Gripping Type: Clamp Type, Claw Type, Vacuum, Other Gripping Types
2) By Application: Pick And Place, Packing, Case Packing, Tray Packing, Filling, Other Applications
3) By End Users: Food And Beverages, Pharmaceuticals, Consumer Products, Logistics, Other End Users
Asia-Pacific was the largest region in the packaging robots market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising e-commerce and retail industries are expected to propel the packaging robot market. The purchasing and selling of products and services through an electronic network or retail hub, typically the internet and retail store, is known as e-commerce and retail, respectively. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. Packaging robots in e-commerce warehouses and retail hubs provide comfort in material handling, packaging, and managing the supply chain ecosystem. For instance, in February 2023, according to Ecommerce Europe, a Europe-based association for companies selling products and/or services online to consumers, France’s e-commerce sector (including products and services) generated €146.9 billion ($159.11 billion) in revenue in 2022, indicating a 13.8% growth over 2021. Furthermore, in June 2022, an article published by Morgan Stanley, US-based investment management and financial services company, states that global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021, accounting for approximately 22% of total sales. Therefore, the rise in e-commerce and retail will drive the packaging robot market.
Key Industry Players
Major companies operating in the packaging robots market report are DENSO Robotics, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Kawasaki Robotics Inc., Epson Robots, FANUC Corporation, Krones AG, KUKA Roboter GmbH, Yaskawa Electric Corporation, FESTO Corporation, Hanwha Robotics, IMA Group, Universal Robots, Thomasnet, BluePrint Automation, StrongPoint Automation, Combi Packaging Systems LLC, Brenton LLC, JLS Automation, Remtec Automation LLC, AFA Systems Ltd., Intelligent Actuator, Bellini and Meda, Sidel
The packaging robots market report table of contents includes:
1. Executive Summary
2. Packaging Robots Characteristics
3. Packaging Robots Trends And Strategies
4. Packaging Robots – Macro Economic Scenario
5. Global Packaging Robots Size and Growth
…..
32. Global Packaging Robots Competitive Benchmarking
33. Global Packaging Robots Competitive Dashboard
34. Key Mergers And Acquisitions In The Packaging Robots
35. Packaging Robots Future Outlook and Potential Analysis
36. Appendix
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