Packaging Robots Market 2020 SWOT Analysis by KeyPlayers: Mitsubishi Electric Corporation, Remtec Automation, LLC, Bosch Packaging Technology, Schneider Electric SE, KUKA Roboter GmbH, Brenton LLC, FANUC Corporation, Krones AG, Yaskawa Electric Corporatio

Market Overview

Packaging robots are specialty robots with high flexibility and capabilities to reprogram, automatic control, multipurpose applications with three or more axes, which may be either fixed in place or mobile for use in industrial operations such as picking, packing and palletizing. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing. Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and ability to lift larger packages. These robots are used in various industries including pharmaceutical, chemicals, food and beverages, electronics, warehouses, consumer product manufacturers, etc.

The global packaging robots market was valued for US$ 2,646.1 Mn in 2019 is expected to exhibit a CAGR of 14.1% during the forecast period

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Competitive Section

Key players operating in the global packaging robots market are Mitsubishi Electric Corporation, Remtec Automation, LLC, Bosch Packaging Technology, Schneider Electric SE, KUKA Roboter GmbH, Brenton LLC, FANUC Corporation, Krones AG, Yaskawa Electric Corporation, and ABB Ltd.

Market Dynamics- Drivers

1. Growing need for intelligent modernization of manufacturing facilities to augment production efficiency is expected to drive growth of the global packaging robots market during the forecast period

In developed countries, industrial infrastructure is aging at a rapid pace. According to Coherent Market Insights’ analysis, in the U.S., around 60% of industrial infrastructure is over 25 years old. Increasing demand for different goods is compelling manufacturers to lay emphasis on improving production efficiency and exercise enhanced operation management operations. Overall equipment efficiency (OEE) is an indispensable requirement of sustainable production efficiency, which can be achieved by adoption of robotic automation in packaging units. Robotic installation in packaging lines reduces manual dexterity and enhances high-speed efficiency of product picking, packing and palletizing. Moreover, it provides increased equipment efficiency at low operational costs and offers excellent returns on investment. Therefore, value-added benefits offered by robotic automation are expected to drive the market growth during the forecast period.

2. Increasing demand for high-degree automation in packaging line is expected to propel the global packaging robots market growth over the forecast period

In manufacturing facilities, the packaging is a crucial process, typically for facilities engaged in manufacturing of goods supplied to the consumer market. Installation robotic packaging system enhances flexibility and optimizes the overall output of the packaging line. Moreover, packaging robots can function under different temperature ranges and occupy far less floor space compared to humans. Robotic packaging is typically used for primary and secondary packaging applications across food and beverages and pharmaceutical industries. This, in turn, is expected to boost the global packaging robots market growth in the near future.

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Market Opportunities

1. Growing focus on end-use industries on quality, product safety, and shelf life can provide major growth opportunities

Growing consumer inclination towards high-quality products has resulted in enhancements in technologies used in manufacturing industries. Food and beverages, trucking and logistics, and fast-moving consumer goods (FMCG) industries are focused on delivering products on short span of time to consumers, which has increased the adoption of robotic packaging. Installation of sophisticated automation systems provides excellent control over product placing & handling, product inspection, quality control, metal detecting, weighing, and barcode reading.

2. Rising emphasis on branding strategies is expected to present lucrative business opportunities

Product branding and packaging plays a vital role for manufacturers in sustaining in the highly competitive market. Customers’ purchasing pattern highly depends upon packaging, brand name, content, and price. Manufacturers in food and beverage, pharmaceutical and FMCG industries often face issues such as counterfeit products. Packaging robots are consistent and provide quality of branding information through labeling function. This provides a unique identification code after packaging of products, which helps to track the product throughout the supply chain.

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Market Trends

1. Advent of collaborative robots
Collaborative robot refers to human-robot collaboration, in which robots and humans work in close collaboration. The robot can understand human instructions including voice, gestures, etc. and commence operations accordingly. Moreover, the use of collaborative robots facilitate high efficiency in the operation and ensures safety of human. In fact, robots while working with humans slow down the movement or pause the operation if it detects humans in its path.

2. Adoption of vision sensor technology
Vision sensor technology plays a vital role as it can detect the size, shape, and color of the package and can verify whether the labeling and code of the package is correct or not. If not, the package is automatically discarded and removed from the packaging line. It enhances the efficiency of the packaging process by detecting irregularities in the process accurately. Growing demand for vision sensor technology will be instrumental in increasing the competition among the vision sensor technology providers in the coming years.

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