Global Packaging Robots Market Outlook


Market Overview

With the advancement in technologies and industrial automation that is taking place in recent years almost each and everything is automated whether its robots in agriculture or robots that are used for packaging purposes. Packaging robots are the robotics system that is widely used for packaging purposes to lower the labor force in an industry. In order to make the process of packaging faster and more precise, manufacturers are using packaging robots for packaging operations. With the betterment of growth in manufacturing sector, there has been a rapid change in technologies. One of the technologies is packaging robotics technology that not only saves the times but is also cost efficient. Because of the expeditious shipment of products, the demand for packaging robots is swelling rapidly across the globe. These robots not only save time but also help in fulfilling the targets within prescribed time.

In the former days, BugBot has announced a new packaging machine which is named as robotics packaging machine that will increase the level of productivity up to 100% cutting down the cost and saving time of manufacturers.

The market of packaging industry globally covers approximately USD 960 billion in 2016 which include manufacturing industries, food and beverages industries, textile industries, etc in which packaging robots are used in almost more than 60% of industries now a days. The leading region which has most number of packaging robots is Asia-Pacific which covers almost 70% market share in global packaging robots market.

Packaging robots market is mainly driven by the growing need for efficient and accurate packaging systems. Moreover, rapid expansion various end-use industries such as food & beverages, pharmaceutical and others is one of the key factor which is pushing the industry players towards the adoption of packaging robots. Notwithstanding the facts that there are high cost of equipping packaging machines or robots which work as hindrance for the growth of global packing robots market.

Market Segmentation

On the basis of component
Hardware
Automation and control system
Sensing and monitoring device
Software
Local/Web based Software
Cloud based Software
Services
Managed services
Connectivity services
Maintenance/Support services
On the basis of gripper type
Clamps
Claws
Vacuums
Others
On the basis of application
Picking and placing
Packing
Case packing
Tray packing
Filing
Others
Palletizing
Case palletizing
Bag palletizing
De-palletizing
By End User
Manufacturing
Food & beverage
Logistics
Pharmaceutical
Others
By Region
North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Rest of the World{Market Share (%), Market Size (USD Million), Product Sales (Units)}
Market Size and Forecast (2016-2024)

Global packaging industry reached USD 960 billion in 2016 in which market of packaging robots accounted USD 2.50 billion in 2016. Further, global packaging robots market is anticipated to reach USD 4.70 billion by 2024, growing at a CAGR of 14% over the forecast period i.e. 2016-2024.

On the basis of applications, packing segment dominated the packaging robots market by around 49% market share in 2016. Pick and place robot system in application segment is estimated to grow at a CAGR of 11.5% over the forecast period. On the basis of end user, due to increase in order size of food, the food & beverage industry is expected to dominate the market covering more than 35% of shares in 2016. Also the hardware segment among the packaging robots component market dominates the global packaging robot market.

Asia-Pacific region dominated the market with a market share of 35.2% in 2015 in global packaging robots market. Rapid industrialization in Asia-Pacific region is the major factor which is bolstering the demand for packaging robots market.

Key Trends and Growth Drivers

Growth drivers that propel the market of packaging robot are:

Increasing use of packaging robots in order to increase the efficiency and accuracy in packaging operations.
Cutting down the cost as it decreases the number of human workforce and saves time.
Also the reinforcement in consumption of food and beverage is likely to lift the demand for packaging robots across the globe.
Restraints

There are several factors that work as restrain and curtail the growth of global packaging robots market:

Lack of trained staff and personnel.
Also the high set up cost.

Key Findings

In Asia Pacific, China is said to have the highest share of approximately 46% in 2016.
The market of China has sold 70,000 units of packing robots in the recent years.
Key Players

ABB Limited

Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
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.
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
Scope Background

Market Synopsis

Market Segmentation

Global packaging robots market is segmented as follows:

On the basis of components type (Market Size, Demand Analysis and Growth Analysis)
On the basis of gripper type (Market Size, Demand Analysis and Growth Analysis)
On the basis of application type (Market Size, Demand Analysis and Growth Analysis)
On the basis of End-user type (Market Size, Demand Analysis and Growth Analysis)
Global packaging robots market report covered insights of below mentioned regions:

North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments
Key Market Players


Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remark