Packaging Robots Market Overview:
Global Packaging Robots Market size is expected to reach $4,649 million by 2023, registering a CAGR of 9.6% during the forecast period. Vacuum grippers are widely used in picking up flat materials such as glass sheets or metal sheets. Such types of grippers use suction caps to grip multiple objects at once, during packaging and palletizing processes. Objects such as big crates, boxes, cans, and bottles are handled by vacuum grippers and hence has observed a significant usage in the packaging industries.
The global packaging robot industry is driven by factors such as growing need of automation in industry verticals, increased usage of robots for maximum efficiency, and cost reduction benefits by adopting robotic packaging systems. Additionally, with the evolving global robotics industry and continuous growth in retail and e-commerce industry, the packaging robots market is likely to spur during the forecast period. However, high initial cost and shortage of skilled and trained personnel restrains the packaging robots market growth.
The packaging robots industry is classified based on application into picking, packing and palletizing. Picking & placing is the fastest growing application owing to rapid growth in e-commerce sector and the majority of demand for packaging robots come from e-commerce industry. E-commerce industries majorly utilize picking robots for order fulfilment process because manual item picking is a labor-intensive and tough task. Therefore, automation on item picking improves efficiency and saves cost. The utility of robotic systems has increased in food & beverage, e-commerce, healthcare, and automotive industries to meet their requirements and increase efficiency. Growth in industrialization and need for automation to reduce costs and waste, and improving the production efficiency drive the demand for these systems in the market. In addition, high accuracy, superior efficiency, and reduction in product damage offered by pick & place robot systems also fuel this demand.
The global packaging robots industry is segmented into gripper type, application, end user and geography. Based on gripper type, the packaging robots market is categorized into clamp, claw, vacuum and others. On the basis of application, the market is classified into picking & placing, packing and palletizing. Packing, one of the key applications in the global packaging robots market, is further segmented into tray packing, case packing, filling, and others whereas palletizing involves case palletizing, bag palletizing and de-palletizing. By end user, the packaging robots market is broadly classified into food & beverage, logistics, pharmaceutical, consumer products, and others. Pharmaceutical industry in the global packaging robots market, necessitates automated packaging to ensure proper capping, labeling, and collation. Packaging in healthcare includes preservation, protection, and delivery of safe drug product. In addition, it also involves the protection of products from damaging environmental factors, such a moisture, temperature, humidity, and light. Thus, the use of robots in pharmaceutical packaging increases productivity by handling complex tasks with machine vision and is likely to grow the fastest rate by 2023. The market is analyzed across four regions-North America, Europe, Asia-Pacific, and LAMEA.
The report includes comprehensive analysis of the key players in the global packaging robots market, such as ABB Limited, Krones AG, Fanuc Corporation, Schneider Electric SE, Yaskawa America Inc., Mitsubishi Electric Corporation, Bosch Packaging Technology (Robert Bosch GmbH), Brenton Engineering, Kuka Roboter GmbH, and Remtec Automation LLC.
Other players operating in the packaging robots market are GUANGZHOU RISONG INTELLIGENT TECHNOLOGY HOLDING (CN), Brokk AB (SE), Durr Systems, Amada Co Ltd., FIPA GmbH, Kejie Group, Star Seiki Co, Ylog GmbH, Weiss Robotics, and Suzhou GST Technology.
Case packing was the highest revenue generating packing application in 2016. Case packing gathers abundant cartons or boxes and is a cost-effective solution for secondary packing applications. Side loading case packing machines have witnessed significant adoption in the packaging industry as it is equipped with horizontal carton magazine for easy loading.
- This report provides an in-depth analysis of the global packaging robots market to identify the potential investment pockets.
- It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
- Key drivers, restraints, and opportunities along with their detailed impact analysis have been elucidated.
- Quantitative analysis of the market for the period of 2016-2023 are highlighted to recognize the financial competency of the packaging robots market.
- Porters Five Forces model illustrates the threat of new entrants, threat of substitutes, strength of the buyers, and strength of suppliers.
Packaging Robots Market Key Segmentation:
By Gripper Type
- Pick & place
- Case packing
- Tray packing
- Case palletizing
- Bag palletizing
By End User
- Food & beverage
- Consumer products
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- ABB Limited
- Krones AG
- Fanuc Corporation
- Schneider Electric SE
- Yaskawa America Inc.
- Mitsubishi Electric Corporation
- Bosch Packaging Technology (Robert Bosch GmbH)
- Brenton Engineering
- Kuka Roboter GmbH
- Remtec Automation LLC.
Other Players in the Report
- GUANGZHOU RISONG INTELLIGENT TECHNOLOGY HOLDING (CN)
- Brokk AB (SE)
- Durr Systems
- Amada Co Ltd.
- FIPA GmbH
- Kejie Group
- Star Seiki Co
- Ylog GmbH
- Weiss Robotics
- Suzhou GST Technology