Global Packaging Robots Market to Reach US$ 7,056 Million by 2028, Spurred by Growing Automation Across Various Industries

February 15, 2022 | Packaging

The latest report by IMARC Group, titled “Packaging Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global packaging robots market reached a value of US$ 3,198 Million in 2022. Packaging robots are industrial robots designed to handle materials, move or pack goods, and seal and label products. These robots are integrated into manufacturing facilities to ensure that the products are packed with quality, accuracy, and consistency. Some commonly used packaging robots include articulated, cartesian, delta, and selective compliance assembly robot arm (SCARA) robots. Presently, these robots are extensively utilized across numerous industries, including food and beverage (F&B), pharmaceuticals, consumer goods, chemicals, electronics, and logistics.

Global Packaging Robots Market Trends:

The market is primarily driven by the growing need for high-degree automation across various industries. Packaging robots can automate the production line, reduce labor costs, improve efficiency, and minimize product damage while enhancing the safety of the work environment. In addition, the growing need to reduce operational costs to meet the increasing consumer demand for high-quality products represents another major growth-inducing factor. Besides this, several key players in different sectors are making heavy investments to modernize the manufacturing facilities and enhance productivity, efficiency, and the final output. This, coupled with the emerging e-commerce industry, is escalating the demand for packaging robots to perform labor-intensive and critical tasks. Furthermore, rapid industrialization, favorable government policies, ongoing research and development (R&D) activities, and the easy availability of low-cost industrial robots are some of the other factors anticipated to propel the market growth. Looking forward, IMARC Group expects the market value to reach US$ 7,056 Million by 2028, expanding at a CAGR of 12.8% during the forecast period (2023-2028).

Market Summary:

On the basis of the gripper type, the market has been classified into clamp, claw, vacuum, and others.
Based on the application, the market has been segmented into picking and placing, packing (tray packing, case packing, filling, and others), and palletizing (case palletizing, bag palletizing, and de-palletizing).
The market has been categorized based on the end user into food and beverages, pharmaceuticals, consumer products, logistics, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key players being ABB Ltd., Fanuc Corporation, FIPA GmbH, KRONES AG, KUKA AG, MIP Robotics, Mitsubishi Electric Corporation, ProMach Inc., Remtec Automation LLC, Schneider Electric SE, Syntegon Holding GmbH and Yaskawa America Inc. (Yaskawa Electric Corporation).

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Gripper Type, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ABB Ltd., Fanuc Corporation, FIPA GmbH, KRONES AG, KUKA AG, MIP Robotics, Mitsubishi Electric Corporation, ProMach Inc., Remtec Automation LLC, Schneider Electric SE, Syntegon Holding GmbH and Yaskawa America Inc. (Yaskawa Electric Corporation)
Customization Scope	10% Free Customization
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Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Packaging Robots Market to Reach US$ 7,056 Million by 2028, Spurred by Growing Automation Across Various Industries

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