Packaging Robots : Robots that Make Packaging Easier
Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and ability to lift larger packages. Manufacturers are using packaging robots for packaging operations in order to enhance the process of packaging faster and precise. There is rapid change in technologies for the betterment of growth in manufacturing sectors. These robots not only saves time and also cost efficient in fulfilling targets in prescribed time. Thus, in turn these factors provides lucrative opportunities for the growth of packaging robots market.
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Frequently Asked Questions
1) What is the current packaging robots market size?
The global packaging robots market is estimated to account for US$ 2,646.1 Mn in 2019.
2) Which are the prominent packaging robots market players across the globe?
Major players operating in the global packaging robots market include 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.
3) What are the key factors hampering growth of the packaging robots market?
High capital investment for installation of an automated packaging system in a new line of packaging or in existing line is one of the major factors that is expected to hamper growth of the market over the forecast period.
4) What is the Compound Annual Growth Rate (CAGR) of the packaging robots market for next 8 years?
The global packaging robots market is estimated to exhibit a CAGR of 14.1% during the forecast period (2019-2027).
Growing need for automation, increased usage of robots for maximum efficiency and cost reduction advantages by robots are the factors driving the growth of packaging robots market. Installation robotic packaging system not only provides flexibility and also enhances the overall output of the packaging line. Moreover, packaging robots can function under different temperature ranges and occupy less space as 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.
Global Packaging Robots Market, By Gripping Type
Global Packaging Robots Market , By Application
Global Packaging Robots Market , By End-use Industry
Cosmetics & Personal Care
Tracking, Logistics,& Transport
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.
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