Packaging Robots Market is Expected to Reach $4,649 Million, By Leading Industry Players ABB Limited, Krones AG, Fanuc Corporation, Schneider Electric SE, Yaskawa America Inc., Mitsubishi Electric Corporation, Bosch Packaging Technology (Robert Bosch GmbH

The need of robotic systems in global packaging robots industry, is on an increase in food & beverage, e-commerce, healthcare, and logistics industries to meet their requirements and increase efficiency. The demand for these systems is driven by the growth in industrialization, need for automation in reducing costs and waste, and improvement in the production efficiency. In addition, high accuracy, superior efficiency, and reduction in product damage offered by pick & place robot systems has a substantial impact on the market growth.

According to a new report published by Allied Market Research, titled, Packaging Robots Market by Gripper Type, Application and End User: Global Opportunity Analysis and Industry Forecast, 2016-2023, the packaging robots market size was valued at $2471 million in 2016 and is projected to reach $4,649 million by 2023, growing at a CAGR of 9.6% from 2017 to 2023. Vacuum gripper type dominated the global packaging robots market and is expected to maintain the trend till 2023. However, Asia-Pacific is expected to dominate the market throughout the forecast period due to increase in demand for automated technologies in various industries.

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Increased demand of robots for increased packaging efficiency, improved supply chain process, rising need for automation in industries, and reduced operational costs drive the growth of the global packaging robots market. In addition, the growth of the global robotic industry and continuous growth in e-commerce and retail sector is projected to create lucrative opportunities for the global packaging robots market. However, high installation costs, heavy capital investment, and shortage of skilled labor hamper the packaging robots market growth.

Packing applications dominated the packaging robots market in 2016 and case packing accounted for the maximum share, constituting around 48% in 2016. Side loading case packing machines have witnessed significant adoption in the packaging industry as it is equipped with horizontal carton magazine for easy loading. However, bagging and cartoning is expected to exhibit the fastest growth rate because cartoning machines to ensure eradication of manual labor and make the whole automated packaging process quite efficient.

Pick & place robots gained popularity and are anticipated to grow the fastest during the forecast period. The pick & place robot systems are flexible and can be easily programed. In addition, these systems improve product quality and cycle time because of consistent processing. Hence, these robotic systems are projected to grow at a CAGR of 11.4% by 2023.

Among the major industry verticals, the packaging robots find widespread usage in food & beverage industry, which accounted for more than 35% share in 2016 owing to increased order volume of fresh food & beverage products. This segment is estimated to witness significant growth during the forecast period due to improving production processes, lowering labor intensity, and timely delivery of materials.

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Asia-Pacific region accounted for the maximum market share in packaging robots industry 2016, and is expected to maintain its lead throughout the forecast period. This is attributed to heavy investment by consumer products and food & beverage industry players in automation. LAMEA region exhibited significant growth due to increased demand of production from consumer markets. Especially, emerging countries such as Brazil facilitates the market growth.

The key players in the packaging robots market focus to expand their business operations in the emerging countries by adopting various strategies, such as acquisition and contact/agreement. The major players profiled in this report include 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.

Key Benefits

• This report provides an in-depth analysis of the global packaging robots market to identify the potential investment pockets.
• It outlines the current trends and future scenarios to determine the overall market potential and gain a stronger market foothold.
• Key drivers, restraints, and opportunities along with their detailed impact analysis have been elucidated.
• Quantitative analysis of the market for the period of 2016-2023 is highlighted to recognize the financial competency of the packaging robots market.
• Porters Five Forces model illustrates the threat of new entrants, the threat of substitutes, the strength of the buyers, and strength of suppliers.

LIST OF TABLES

TABLE 1. PACKAGING ROBOTS MARKET REVENUE, BY GRIPPER TYPE, 2016-2023 ($MILLION)
TABLE 2. PACKAGING ROBOTS MARKET FOR CLAW GRIPPER, BY REGION, 2016-2023 ($MILLION)
TABLE 3. CLAW GRIPPER TYPE PACKAGING ROBOTS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. VACUUM GRIPPER TYPE PACKAGING ROBOTS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. PACKAGING ROBOTS MARKET REVENUE FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 6. PACKAGING ROBOTS MARKET , BY APPLICATION, 2016-2023 ($MILLION)
TABLE 7. PICKING & PLACING PACKAGING ROBOTS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. PACKAGING TYPE IN PACKAGING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 9. PACKAGING ROBOTS MARKET REVENUE FOR PACKING, BY REGION, 2016-2023 ($MILLION)
TABLE 10. PALLETIZING TYPE IN PACKAGING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 11. PACKAGING ROBOTS MARKET REVENUE FOR PALLETIZING, BY REGION, 2016-2023 ($MILLION)
TABLE 12. PACKAGING ROBOTS MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 13. PACKAGING ROBOTS MARKET REVENUE FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 14. PACKAGING ROBOTS MARKET REVENUE FOR CHEMICAL, PHARMACEUTICAL INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 15. PACKAGING ROBOTS MARKET REVENUE FOR CONSUMER PRODUCTS INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 16. PACKAGING ROBOTS MARKET REVENUE FOR LOGISTICS INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 17. PACKAGING ROBOTS MARKET REVENUE FOR OTHER INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA PACKAGING ROBOTS MARKET REVENUE, BY GRIPPER TYPE, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA PACKAGING ROBOTS MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. EUROPE PACKAGING ROBOTS MARKET REVENUE, BY GRIPPER TYPE, 2016-2023 ($MILLION)
TABLE 21. EUROPE PACKAGING ROBOTS MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. ASIA-PACIFIC PACKAGING ROBOTS MARKET REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 23. ASIA-PACIFIC PACKAGING ROBOTS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 24. LAMEA PACKAGING ROBOTS MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 25. LAMEA PACKAGING ROBOTS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 26. ABB LIMITED: COMPANY SNAPSHOT
TABLE 27. ABB LIMITED: OPERATING SEGMENTS
TABLE 28. KRONES AG: COMPANY SNAPSHOT
TABLE 29. KRONES AG: OPERATING SEGMENTS
TABLE 30. FANUC CORPORATION: COMPANY SNAPSHOT
TABLE 31. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
TABLE 32. SCHNEIDER ELECTRIC SE: OPERATING SEGMENTS
TABLE 33. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 34. MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 35. YASKAWA AMERICA INC.: COMPANY SNAPSHOT
TABLE 36. YASKAWA AMERICA INC.: OPERATING SEGMENTS
TABLE 37. BOSCH PACKAGING TECHNOLOGY: COMPANY SNAPSHOT
TABLE 38. BOSCH PACKAGING TECHNOLOGY: OPERATING SEGMENTS
TABLE 39. BRENTON ENGINEERING: COMPANY SNAPSHOT
TABLE 40. BRENTON ENGINEERING: OPERATING SEGMENTS
TABLE 41. KUKA ROBOTER GMBH: COMPANY SNAPSHOT
TABLE 42. KUKA ROBOTER GMBH: OPERATING SEGMENTS
TABLE 43. REMTEC AUTOMATION LLC: COMPANY SNAPSHOT
TABLE 44. REMTEC AUTOMATION LLC: OPERATING SEGMENTS

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