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High Sale of Packaging Robot in the Food and Beverage Industry Driving the Global Packaging Robots Market Until 2020, Says TechnavioAccording to the latest market study released by Technavio, the global packaging robots market is expected to grow at a CAGR of more than 9% during the forecast period. This research report titled 'Global Packaging Robots Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. In addition, the report discusses the major drivers influencing the market growth and the challenges faced by vendors and the market as a whole. Request sample report: http://goo.gl/BG6vfv The report categorizes the global packaging robots market into three major end-user segments. They are:
Global packaging robots in food and beverage industry The global packaging robots market in the food and beverage industry was valued at USD 2.9 billion in 2015 and is expected to reach USD 4.59 billion by 2020, growing at a CAGR of almost 10%. The food and beverage industry is rapidly deploying four-axis SCARA and six-axis articulated robots and delta-style robots for accelerating primary packaging process. These robots are low-cost, have quicker ROI over fixed automation, and offer a higher degree of flexibility, which are of prime importance to the food and beverage industry. Industrial robots occupy less floor space and can be moved to entirely different process, thereby reducing equipment investment. Hence, they are majorly adopted by SME manufacturers in their packaging process of foods and beverages. The sale of packaging robot in the food and beverage industry is expected to increase during the forecast period, especially in automation of packaged meat. Across the world, between 2013 and 2015, the customers' preference for processed and packaged meat has risen by 10%. The major advantage witnessed by the customers in this type of procurement is in the details provided on the product labeling. To address the increased demand from the end-consumers, meat processing companies are focusing on optimizing and automating their process lines. According to Bharath Kanniappan, a lead robotics research analyst from Technavio, "Significant improvement in gripper echnology, such as the launch of Versaball gripper by Empire Robotics for handling products of any shape and size more conveniently, has played a critical role in the expansion of packaging robots in the food and beverage industry. Furthermore, the improvised sensors in manipulators of packaging robots have enabled their use in upstream activities in the food and beverage industry. Advances in sensors and use of cameras and software have made these robots more accurate in identifying the locations and objects." Global packaging robots in electronics and semiconductor industry The global packaging robots market in the electronics and semiconductor industry was valued at more than USD 2 billion in 2015 and is predicted to reach USD 3.51 billion by 2020, growing at a CAGR of over 9%. Components in the electronics and semiconductor industry are generally smaller and fragile compared to other industries. Hence, the packaging robots deployed in the electronics industry use higher precision gripper designs and can handle higher inertia. Moreover, a packaging robot in the electronic industry performs a number of checks, including barcode verification, and ensures that the product is packed in the right case with correct information. "APAC has a firm foothold in the electrical and electronics industry and is fueling the demand for packaging robots. China is pushing the boundaries in the global electrical and electronics market through the adoption of modern robotics and automation technologies in its assembly and production lines," says Bharath. The growth in internet and e-commerce sectors have propelled e-commerce companies to focus on improving their packaging system to safeguard the product from damage during transit. In addition, the increasing demand for faster delivery is forcing manufacturers to speed up their packaging process and shipping line. Global packaging robots in pharmaceutical industry The global packaging robots market in the pharmaceutical industry was valued at USD 790 million in 2015 and is foreseen to reach USD 1.27 billion by 2020, growing at a CAGR of almost 10%. The number of robots deployed in the pharmaceutical industry has grown over the last decade as they are used for processes, like packaging, R&D, and production. The growing demand for sophisticated medical devices and new effective drugs for the aging population of countries, such as China, Japan, and the US, requires are driving the use of robots in the pharmaceutical industry. The robots are used for packaging goods, such as sterile syringe and vials filling, packing and unpacking cartons. Flexibility and accuracy of robots allow the production line to run smoothly while consequently packaging products at a higher speed than fixed automation system. Also, these machines reduce the risk of contamination from the direct contact of a human being in sterile environments during the packaging process. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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