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A recent report published by Infinium Global Research on the packaging robots market provides an in-depth analysis of segments and sub-segments in the global as well as regional packaging robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional packaging robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global packaging robots market. According to the report, the global packaging robots market is projected to grow at a CAGR of 14.2% over the forecast period of 2021-2027 growing from nearly USD 3 billion in 2021 to about USD 7.4 billion in 2027.
Robotics technology has garnered a lot of attention due to its growing adoption across various industries including food and beverage, industrial goods, automobile, healthcare, and many others. Robots are used for numerous applications including handling, assembling, welding, processing, packaging, and others. Different types of robots are developed to carry out different applications. Packaging robots are widely used in industries to automate the packaging process and streamline the workflow. These robots handle functions such as picking, placing, packing, filling, and palletizing. Moreover, packaging robots improve the overall productivity of the manufacturing unit by reducing errors and limiting human interference. Furthermore, packaging robots are expected to boost plant safety by lowering human interaction with machines. All these advantages together are augmenting the adoption of packaging robots across various industries.
The COVID-19 epidemic has positively impacted the growth of the packaging robotics market. Many countries across the world went on lockdown during the pandemic to contain the spread. A majority of the population was quarantined at home in the wake of the pandemic. People bought the essential products in large quantities to survive long quarantines. The suppliers of these products witnessed unprecedented demand during the pandemic. To satisfy higher demand, the manufacturers adopted robots for different applications such as assembling, handling, and packaging. Moreover, the adoption of e-commerce increased dramatically over the pandemic period. The e-commerce players widely use packaging robots. This, in turn, further augmented the growth of the packaging robotics market during the COVID-19 outbreak.
The increasing inclination towards quality and safety of production, coupled with the high penetration of industrial automation in manufacturing plants across various industries drives the demand for the packaging robots market over the forecast period. Furthermore, the automated system plays a vital role in packaging operations such as picking, placing, packing, filling, and palletizing. This saves time, labor resources, and provides improved performance to the manufacturing unit. The adoption of packaging robotic technology has incredible potential to help operations become more accurate, more efficient, and more productive. This, in turn, augments the demand of the packaging robots market. Moreover, the growing demand for packaging robots from various industry verticals is likely to boost market growth. However, the high initial investment for setup and lack of awareness are hampering the market growth of the packaging robotics market.
In terms of region, North America accounted for the largest share of the packaging robots market in the world. The early adoption of advanced technologies among the end-use industries is one of the major drivers for the growth of the packaging robots market in North America. Moreover, the presence of the key market players in the region supports the domination of North America in the global packaging robots market. Furthermore, growing investment by government and private organizations in the research and development of robotics is anticipated to boost the market growth in North America. On the other hand, Asia Pacific is expected to grow at the fastest rate over the forecast period. The increasing technological awareness in the Asia Pacific, particularly regarding automation and robotics is likely to expand the packaging robots market in the region. Additionally, rapidly growing end-use industries in the Asia Pacific are likely to expand the market in the region.
The report on the global packaging robots market covers segments such as gripper type, application, and end user. On the basis of gripper type, the sub-markets include clamp, claw, vacuum, and others. On the basis of application, the sub-markets include pick & place, packing, filling, and palletizing. On the basis of end user, the sub-markets include food & beverages, pharmaceuticals, consumer goods, chemical, and others.
The report provides profiles of the companies in the market such as Bosch Packaging Technology, Mitsubishi Electric Corporation, Remtec Automation LLC., Yaskawa America Inc., Fanuc Corporation, Schneider Electric SE, Kuka Roboter GmbH, Brenton LLC, Krones AG, and Omron Adept Technology, Inc..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of packaging robots market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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