Packaging Robots Market to Reach USD 8.39 Billion by 2030: GreyViews

Packaging Robots Market Size by Type (Primary Packaging & Secondary Packaging), By Application (Filling, Box Packing, Pick & Place, Tray Packing & Others), By End User (Logistics, Consumer Products, Food & Beverage, Pharmaceuticals & Others), Regions, Segmentation and Forecast Forward until 2030.

Pune India, Feb. 02, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East & Africa. These are the main regions where the market for packaging robots is in operation and is expected to expand soon. The manufacturers and suppliers involved in the market for packaging robots is present across different countries in the above regions.

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The report provides a detailed understanding of the market segments that have been formed by combining various prospects such as type, application, end-user, and regions. In addition to this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the sections below.
The main players operating in the global the market for packaging robots 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. In order to gain a significant market share in the worldwide packaging robots market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures.
The products are packed to keep them safe. Various end-user industries are now days shifting towards fully automated technologies such as packaging robots. The purpose of packing robots is to pick up items from different storage locations and place them on shelves following a predefined route. Robot arms are usually programmed to move along predefined routes to pick up objects. By using packaging robots, labour-intensive tasks can be carried out faster and more efficiently. Their ease of use comes from their integrated controls and intuitive human-machine interfaces with advanced sensors and software. Packaging robots have the advantage of being flexible, consistent and accurate. The global packaging robot market is expected to grow positively due to the need for automatic detection and sorting, a key factor identified in a research analysis. Using advanced sensors, vision technology and laser detection, packaging robots determine the location of objects. There are some factors inhibiting the growth of the packaging robot market, such as high installation costs and lack of skilled labor. A significant capital investment is required when installing an automated packaging system in new packaging 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.

The story continues

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Scope of the Packaging Robots Market Report:

Segmentation analysis

Primary packaging is expected to be the fastest growing segment in 2022.

The type segment includes primary packaging and secondary packaging. The primary packaging segment is expected to experience the highest growth rate during the forecast period. The food and beverage and pharmaceutical industries use primary packaging to manufacture and package sensitive and delicate products. Primary packaging preserves the shelf life of the products. The implementation of robots in primary packaging of medicines and liquid syrups provides high precision to maintain quantity and quality.

Pick & place is expected to be the fastest growing segment in 2022.

The application segment includes filling, case packing, pick & place, tray packing and others. The pick & place segment is expected to experience the highest growth rate during the forecast period. The CAGR for pick & place applications is expected to be the fastest during the forecast period due to the rapid growth of e-commerce and the use of packing robots as a replacement for manual picking. Packaging robots will also increase market share due to their benefits such as reduced damage and increased efficiency in pick & place operations.

Food and beverage is expected to be the fastest growing segment in 2022.

The end-user segment includes logistics, consumer products, food and beverages, pharmaceuticals and others. The food and beverage segment is expected to experience the highest growth rate during the forecast period. By automating the packaging operations using packaging robots, assembly line operations are made more efficient, reliable and of high quality, driving the adoption of vision-enabled packaging robots. Packaging robots offer proper handling of the product by reducing the risk of spillage in the case of liquid or semi-solid products.

Regional Analysis

The regional analysis provides a detailed view of the key regions and countries. Some of the key countries analyzed for the Packaging Robots market include the United States, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The Asia Pacific region saw a large share. There are several factors contributing to the dominance of packaging robots in Asia Pacific at the moment, including the increasing use of packaging robots due to high levels of automation and intelligent modernization, and the adoption of vision sensor technology. In addition, presence of major key players in the region, which also contributes a large share in the market growth.

Country analysis

The Germany packaging robots market size was valued at USD 0.29 billion in 2022 and is expected to reach USD 0.59 billion in 2030 at a CAGR of 9.4% from 2023 to 2030.
Companies are expected to increase their demand for industrial packaging robots as they place greater emphasis on precision in supply chains. Additionally, autonomous robots will be able to generate an upward growth trend in the country as automation levels grow across a number of end-use industries.

The China Packaging Robots market size was valued at USD 0.41 billion in 2022 and is expected to reach USD 0.86 billion in 2030 at a CAGR of 9.8% from 2023 to 2030.
Growth in the packaging robots market is attributed to factors such as the need to reduce operating costs in the packaging industry as well as advancements in manufacturing technology due to high consumer demand.

The India packaging robots market size was valued at USD 0.32 billion in 2022 and is expected to reach USD 0.67 billion by 2030 at a CAGR of 9.7% from 2023 to 2030.
There are several factors driving the market growth including an increased demand for high degree of automation and modernization, rapid industrialization, technological advancements such as the use of vision sensor technology.
Covid-19 impact
Covid-19 had a major impact on almost all industries such as electronics, semiconductors, manufacturing, automotive, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences towards technology services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven due to the increase due to the increasing technological advancements.

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Contact us
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GreyViews
Put India
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