Global Packaging Robots Market is projected to be valued $5 Billion by 2024; with a CAGR of 14.5% from 2017 to 2025. A packaging robot is an automatically controlled robotic system used for packaging purposeto make the packaging process faster, precise, and more cost-efficient. These are extremely flexible and easy to integrate into a workspace. These are reprogrammable, multifunctional manipulator designed to move material, parts, tools or specialized devices through variable programmed motions for the performance of a variety of tasks.Some of the advantages of packaging robots include reduced part package time, ability to lift larger packages and labor cost reduction among others.
Growth in manufacturing industries, requirement for intelligent modernization to decrease product delivery time, and increased demand for high automation in packaging line are the major factors driving the global packaging robot market. However, high capital investment is a major challenge for market players. Various innovative features such as high accuracy and low product damage offered by packing robots would provide new business opportunities for the market in near future.
The global packaging robot market has been segmented on the basis of application, gripper type, end user and geography. By application, the market is segmented into packing robots, palletizing robots, and picking robots. The palletizing robot segment accounted for the largest market share in 2016, due to its huge demand in loading and unloading of goods. The picking robot segment is expected to grow at the fastest CAGR during the forecast period, owing to augmented demand of packaging robots in picking application such as FMCG industries.
By gripper type, the market is further divided into vacuum gripper, claw gripper, clamp gripper, and others. The vacuum gripper segment accounted for the largest market share in the overall gripper type segment in 2016, due to its huge demand for secondary packaging applications in various industries such as food and beverage, electronics, card board and film packaging, and others.
By end user, the market is bifurcated into food & beverages, consumer products, cosmetic & personal care, pharmaceutical, tracking, logistics & transport, chemical manufacturing, and industrial packaging. The industrial packaging segment dominated the end user segment accounting for more than one-third of the total market share in 2016, driven by increasing demand for industrial robots across chemical and electronic industries.
Based on geography, the global packaging robots market has been segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, UK, France, Spain, Italy, and others. Asia-Pacific covers India, Thailand, South Korea, China Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the global Packaging Robotsmarket are KukaRoboter GmbH, Bosch Packaging Technology, Fanuc Corporation, Mitsubishi Electric Corporation, ABB Limited, Schneider Electric SE., Intelligent Actuator, Schneider Electric SE, Yamaha Robotics, and Yaskawa Electric Corporation, among others.
The key takeaways from the report
Scope of Packaging Robots Market
Gripper Type Segments
End User Segments