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Packaging Robot Market – Increment at a Strong CAGR of 14.0% during the Forecast Period
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Based on end-use industries, the global packaging robot market has been segmented into cosmetics and personal care, food, beverages, pharmaceuticals, chemical manufacturing, tracking, logistics, and transport, and consumer goods. While the late but very evident penetration of e-commerce in the emerging economies in Asia Pacific, such as India, which houses vast population, the tracking, logistics, and transport segment is expected to gain from, whereas food and beverage segments will gain from changing lifestyle of the urban population.
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Application-wise, the report categorizes the global packaging robot market into picking, packing including tray and cases, and palletizing, including bag palletizing, case palletizing, and de-palletizing. In 2016, picking packaging robot segment accounted for 39% of the demand, which was a reflection of increasing consumption of consumer products and food and beverages as a result of changing lifestyles among the urban population.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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