Packaging Robots Market Forecasts to 2028 - Global Analysis By Gripper Type (Claw, Clamp, Vacuum and Other Gripper Types), By Application (Packing, Picking & Placing and Palletizing), By End User and By Geography

Packaging Robots Market Forecasts to 2028 - Global Analysis By Gripper Type (Claw, Clamp, Vacuum and Other Gripper Types), By Application (Packing, Picking & Placing and Palletizing), By End User and By Geography

According to Stratistics MRC, the Global Packaging Robots Market is accounted for $5685.8 million in 2022 and is expected to reach $12678.5 million by 2028 growing at a CAGR of 14.3% during the forecast period. Packaging robots are automated systems, robots, and specialised software used to automate and expedite various processes in packaging. Systems for packaging robots are utilised in a variety of business sectors, including pharmaceuticals, consumer goods, logistics, food and beverage, and others.

Market Dynamics:

Driver:

Advent of collaborative robots

Robot collaboration, or collaborative robots, refers to close cooperation between people and robots. The robot can comprehend human commands, including voice, gestures, etc., and begin to work as directed. Collaboration with robots also facilitates great operational efficiency and guarantees human safety. In fact, while dealing with humans, robots will pause or slow down their movement if they spot a human in their path.

Restraint:

High capital investment

It costs a significant amount of money to install an automated packaging system on a new or existing packaging line. With a substantial presence of small and medium-sized firms and a wide range of product offerings, the food and beverage industry is a highly fragmented sector. Due to the high installation and maintenance costs, some manufacturers are hesitant to install packaging robots because they are not practical. Additionally, local manufacturers and distributors typically lack the funding to engage in the automation of their facilities. Therefore, it is anticipated that these factors will restrain market expansion throughout the forecast period.

Opportunity:

Adoption of vision sensor technology

Vision sensor technology is essential because it can determine a package's size, shape, and color, as well as whether or not its labelling and barcode are accurate. By precisely identifying process irregularities, it improves the packaging process's efficiency. In the upcoming years, increasing rivalry among vision sensor technology providers will be a major factor in the growing demand for vision sensor technology.

Threat:

Lack of skilled labors in high potential market

However, compared to their Western counterparts, rising nations like China and India have a lower adoption rate of automation in packaging lines. This is usually brought about by the manufacturer's resistance to altering long-established work practises and the scarcity of skilled personnel. Additionally, for maintenance activities to be carried out properly, a highly skilled team of personnel is needed. Thus, it is anticipated that the lack of a competent workforce and the accessibility of cheap labour in these nations will slow the growth of the global packaging robot market in the near future.

Covid-19 Impact:

Many companies in the global market for packaging robots were compelled to temporarily halt operations due to the COVID-19 pandemic in order to adhere to new rules put in place by the government to prevent the disease's spread. The global market's revenue flow was immediately influenced by this suspension of operations. Industrial product production also came to a halt during the lockdown due to a shortage of labour and raw materials.

The vacuum grippers segment is expected to be the largest during the forecast period

The vacuum grippers segmentation is anticipated to dominate the market throughout the forecast period based on gripper type, as vacuum grippers are typically used to hold flat objects like metal or glass sheets. During the packaging and palletizing procedures, these grippers quickly catch a variety of products employing pull covers. Because they can handle objects like enormous boxes, jars, and containers, vacuum grippers are a common tool in the packaging industry.

The picking & placing segment is expected to have the highest CAGR during the forecast period

During the projected period, the picking & placing application segment is anticipated to have lucrative growth in the packaging robots market. This is due to the rapidly expanding e-commerce sector and the use of packaging robots to replace labor-intensive and demanding handpicking. Moreover, the sector will also grow as a result of the advantages of packaging robots, such as reduced damage, lower prices, and more efficiency in pick and place operations.

Region with largest share:

The Asia-Pacific region is anticipated to hold the largest market share worldwide during the forecast period. Numerous elements, such as the broad application of vision sensor technology and the growing usage of packaging robots as a result of high levels of automation and intelligent modernization, are responsible for this. Moreover, the rising adoption of these robots, which can operate in a variety of temperatures and take up significantly less floor space than people do, is another factor boosting the growth of this industry.

Region with highest CAGR:

North America is expected to expand at the highest CAGR as a result of the rapidly rising deployment of packaging robots in the region's pharmaceutical and food and beverage sectors. Additionally, it is projected that increasing consumer interest in scientific and technological developments as well as their use in the automotive sector will boost the growth of the packaging robot market in this region.

Key players in the market

Some of the key players in Packaging Robots market include Remtec Automation LLC, Fanuc Corporation, Kuka Roboter Gmbh, Krones AG, Bosch Packaging Technology (Robert Bosch Gmbh), Schneider Electric SE, Yaskawa Electric Corporation, ABB Limited, Brenton LLC, Mitsubishi Electric Corporation, Brenton Engineering and Yaskawa America INC.

Key Developments:

In November 2021, FANUC Corporation, a Japan based manufacturer of automation products such as robotics and computer numerical control wireless systems, and ROBOMACHINE’s launched a new LR-10iA/10 robot, which is designed for machine tending and for various picking applications.

Gripper Types Covered:
• Claw
• Clamp
• Vacuum
• Other Gripper Types

Applications Covered:
• Packing
• Picking & Placing
• Palletizing

End Users Covered:
• Food & Beverages
• Consumer Products
• Pharmaceuticals
• Logistics
• Cosmetics & Personal Care
• Chemical Manufacturing
• Tracking & Transport
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements