Global Packaging Robots Market Is Expected to Generate $14.4 Billion by 2030: Allied Market Research
Increase in usage of robots to increase efficiency in packaging, increase in need for automation in industries, and cost reduction advantages due to robotic packaging systems drive the growth of the global packaging robots market. Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020.
According to the report published by Allied Market Research, the global packaging robots market generated $4.3 billion in 2020, and is projected to reach $14.4 billion by 2030, witnessing a CAGR of 12.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Priyanka Khandelwal, a Lead Analyst, Construction and Manufacturing at Allied Market Research, stated, “The global packaging robots market witnessed significant growth over the past decade, owing to rise in investment in various end-user industries such as food & beverage, consumer products, pharmaceuticals, industrial goods, and others. A number of players expanded their business globally, owing to increase in customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. Moreover, growth in e-commerce, food & beverage, and pharmaceutical industries is expected to boost the adoption of robots, which is anticipated to provide lucrative opportunities for the growth of the market during the forecast period.”
COVID-19 scenario:
- The outbreak of the pandemic gave way to distorted manufacturing and transportation activities, which led to a steep decline in manufacturing of robotic systems as well as their demand in the market, especially during the initial phase of the pandemic.
- However, the market is anticipated to get back on track soon.
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The report offers detailed segmentation of the global packaging robots market based on gripper type, application, end user, and region.
On the basis of gripper type, the market is classified into clamp, claw, vacuum, and others. Claw segment dominated the market in 2020. Moreover, growth in the e-commerce, food & beverages, pharmaceutical, and automotive industries is expected to boost the adoption of these robots in the near future.
On the basis of application, the market is categorized into pick & place, packing, and palletizing. Packing segment is the segment that generated the highest revenue followed by palletizing. The pick & place segment is anticipated to grow at a CAGR of 15.4% during the forecast period.
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On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed to the highest share in terms of revenue in 2020. LAMEA, on the other hand, is expected to grow at a CAGR of 19.4% during the forecast period.
The key players profiled in the market report include 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.
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