Asia-Pacific retained the Global Packaging Robot Market with foremost market share

Rising demand of robots for increased packaging efficiency, requirement for intelligent transformation to reduce product delivery time, growth in numerous manufacturing industries, and abridged operational cost are some of the factors propelling the growth of the global packaging robot market. Although, due to heavy capital investment, lack of skilled professionals, and high installation cost may restrict the market growth. Moreover, further development of the global robotic industry and unceasing growth in retail sector & e-commerce is expected to unfold various attractive business opportunities for the market in the coming years.

Pune, Maharashtra, November 15, 2017 /India PRwire/ -- Global Packaging Robot Market Report, published by Variant Market Research, forecast that the global market was valued at $2 billion in 2016 and is expected to reach $5 billion by 2024, growing at a CAGR of 14.6% from 2016 to 2024. In geographical segments, Asia-pacific and Rest of the World are expected to grow at a CAGR of 17.2% and 12.1%, respectively, during the forecast period 2016-2024.

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Rising demand of robots for increased packaging efficiency, requirement for intelligent transformation to reduce product delivery time, growth in numerous manufacturing industries, and abridged operational cost are some of the factors propelling the growth of the global packaging robot market. Although, due to heavy capital investment, lack of skilled professionals, and high installation cost may restrict the market growth. Moreover, further development of the global robotic industry and unceasing growth in retail sector & e-commerce is expected to unfold various attractive business opportunities for the market in the coming years.

Application, gripper type, and end user are the basic classification of the global packaging robot market. The market segmented by application comprises ofpicking robots,packing robots,and palletizing robots. In the year 2016, the largest market share was accounted by palletizing robots, driven by its huge demand in loading and unloading of goods. The picking robot segment is projected to grow at the fastest CAGR throughout the forecast period 2016-2024, due to amplified demand of packaging robots in picking application such as FMCG industries.

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The market categorized by gripper type includesclaw gripper, vacuum gripper, clamp gripper, and others. In 2016, the largest market share in the overall gripper type segment was accounted by vacuum gripper, owing to its vast demand for secondary packaging applications in several industries for example food and beverages, electronics, film packaging&card board, and others.

By end user, the market has been classified as food & beverages, cosmetic & personal care,consumer products, pharmaceutical, logistics & transport, tracking, chemical manufacturing, and industrial packaging. The end user segment was dominated by industrial packaging,accounting for more than one-third of the over-all market share in 2016, due torising demand for industrial robots across electronic and chemical industries.

Based on geographical analysis, the global packaging robot market is classified into North America, Europe, Asia-Pacific and Rest of the world (RoW). Where in 2016, the largest market share of 66.3% was occupied by Asia-Pacific, driven by increased implementation of automation across FMCGand food & beverage industries. The second largest market share of 21.8% was accounted by Europe, due to changing consumer lifestyle and increase in consumption of food and other consumer products. In terms of growth, Asia-Pacific is anticipated to reach with the fastest CAGR of 17.2% throughout the forecast period 2016-2024, owing torise in demand for packaged products in emerging economies which would shift manufacturers towards the automation of packaging lines in order to lessen delivery time.

The major players in the packaging robot market include Yamaha Robotics, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Bosch Packaging Technology,Kuka Roboter GmbH, Fanuc Corporation, Intelligent Actuator, Schneider Electric SE.,Remtec Automation LLC and ABB Limited, among others.

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Scope of Packaging Robots Market

Application Segments

  • Packing robots
    • Tray
    • Cases
    • Others
    • Picking robots
    • Palletizing robots
      • Case palletizing
      • Bag palletizing
      • D-palletizing

Gripper Type Segments

  • Vacuum gripper
  • Claw gripper
  • Clamp gripper
  • Others

End User Segments

  • Clinical diagnostics
  • Food & beverages
  • Consumer products
  • Cosmetic & personal care
  • Pharmaceutical
  • Tracking, logistics & transport
  • Chemical manufacturing
  • Industrial packaging

Geographical Segments

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others
  • RoW
    • South America
    • Middle East
    • Africa

Notes to Editor

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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