Press release
Packaging Robots Market is Expected to Reach $4,649 Million by 2023 | ABB Limited, Krones AG, Fanuc Corporation, Schneider Electric SE, Yaskawa America Inc.
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.
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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.
Packaging Robots Market by Gripper Type (Claw, Clamp, Vacuum and Others), Application (Picking & Placing, Packing and Palletizing) and End User (Food & Beverage, Pharmaceutical, Logistics, Consumer Products, Logistics and Others)
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.
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Key Players
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.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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