TMCnet News
The Packaging Robots Market is booming worldwide and is set to grow by USD 8.49 billion, 17000 + Technavio ReportsNEW YORK, Jan. 23, 2024 /PRNewswire/ -- The packaging robots market is expected to grow by USD 8.49 billion between 2023 and 2027, registering a CAGR of 10.33% and a YOY growth rate of 9.95%, according to Technavio's latest research report estimates. This report offers an up-to-date analysis regarding the current scenario, the latest trends and drivers, and the overall environment.
The primary packaging segment will account for a major share during the forecast period. The growth is due to the increasing demand for primary packaging in industries like food and beverage, pharmaceuticals, and cosmetics. Particularly, the demand for robots that collaborate with basic materials, such as flexible packaging (pouches and sachets), has experienced substantial growth over the past decade.
Some of the major companies include ABB Ltd., BluePrint Automation BV, Comau Spa, DENSO Corp., FANUC Corp., Fuji Yusoki Thailand Co. Ltd., IAI Industrieroboter GmbH, KRONES AG, KUKA AG, Mitsubishi Electric Corp., Pro Mach Inc., Remtec Automation LLC, Robert Bosch GmbH, Syntegon Technology GmbH, Teradyne Inc., Yamaha Motor Co. Ltd., Yaskawa Electric Corp., IPG Photonics Corp., Schneider Electric SE, and Seiko Epson Corp.. To help businesses improve their position, Technavio's report provides a detailed analysis of around 15+ companies. To leverage the current opportunities, companies must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports are designed to provide entry support, customer profile & M&As as well as strategy support. Comau Spa - The company offers NJ 220 2.7 for packing, dispensing, machine tending, cosmetic sealing, measuring testing, plasma cutter water jet, and wood glass machining. The report also covers the following areas: Advancements in the robotics industry are a key factor driving growth. Ongoing innovations in robotics have enhanced the complexity, effectiveness, and adaptability of these robots. Their ability to automate repetitive tasks and adapt to shifting production needs provides flexibility, enabling swift responses to changing consumer preferences and trends in the packaging sector. Trends such as increased inclination toward COBOTS are likely to emerge as one of the primary drivers. However, factors such as high upfront costs associated with purchasing and deploying robots may threaten the growth. Packaging Robots: Major Technologies Packaging robots, including automated palletizing, case packing, pick and place robots, collaborative robots (cobots), end-of-line packaging, SCARA robots, articulated robots, delta robots, vision-guided robotics, high-speed packaging, robotic arms, load/unload tasks, flexible packaging systems, custom end-of-arm tooling (EOAT), are leveraging advanced technologies like machine learning and AI. These innovations are enhancing efficiency and precision in various industries such as pharmaceutical packaging, food & beverage, consumer goods packaging, e-commerce fulfillment, and warehouse automation. Additionally, these advancements are contributing to sustainable robotics and smart factory solutions, integrating the industrial Internet of Things (IIoT) in packaging processes. Packaging Robots Market 2023-2027: Key Highlights
Related Reports The vision guided robotics market size is estimated to grow at a CAGR of 10.04% between 2023 and 2027. The size is forecast to increase by USD 4,159.44 million. The grinding robots market size is estimated to grow at a CAGR of 6.73% between 2022 and 2027. The size is forecast to increase by USD 58.44 million. ToC: Executive Summary Market Landscape Market Sizing Historic Sizes Five Forces Analysis Segmentation by Application Segmentation by End-user Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis Appendix About US Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios. Contact
SOURCE Technavio 
|
||||||||||||||||
View original content to download multimedia: