Packaging Robots Market Size is Expected to Surpass US$ 8,448.21 million by 2028 , CAGR 11.49% The Insight Partners

The packaging robots market is expected to grow from US$ 3,945.43 million in 2021 to US$ 8,448.21 million by 2028; it is estimated to grow at a CAGR of 11.49% during 2021-2028.

The rising demand for packaging robots and growing demand for reducing the overall operational costs across the packaging sector are expected to be some of the major driving factors aiding the growth for packaging robots market. Growing customer demand for high-quality goods has resulted in advancements in manufacturing technology which is indirectly boosting the packaging robots market growth. The food and beverage, trucking and logistics, and fast-moving consumer goods (FMCG) businesses are all focused on getting products to customers in a short amount of time, which has boosted the adoption of technology in robotic packaging market globally. Automated robots do not get sick or slack off, works faster than humans. Additionally, due to the rapid growth of the e-commerce sector, picking and placement is the fastest growing application in the packaging robots market.

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Packaging Robots Market: Competitive Landscape and Key Developments

ABB; Brenton, LLC; Fanuc Corporation; Krones AG; Kuka AG; Mitsubishi Electric Corporation; Remtec Automation, LLC; Syntegon Technology GmbH (Bosch Packaging Technology); Schneider Electric SE; and Yaskawa Electric Corporation are among the key players that are profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the global packaging robots market and its ecosystem.

Picking & palletizing robots are commonly used in the e-commerce industry for order fulfilment as manually picking of items is associated with lot of time and cost. High growth of e-commerce industry across the globe is another major factor propelling the growth of packaging robots market. E-commerce industry is expected to grow at a robust growth rate at ~20% over next couple of years & hence aiding the growth for packaging robots market in that particular sector. Furthermore, high deployment costs for the deployment of technology is expected to be one of the major challenging factors of the global packaging robots market. Also, increasing demand for high-degree automation is expected to generate huge opportunities for market vendors during the forecast period in the global packaging robots market.

Packaging Robots Regional Growth- 2021 to 2028

The report segments the global Packaging Robots market as follows:

By Industry Vertical

• Food & Beverages
• Pharmaceuticals
• Consumer Electronics
• Others

By Application

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Packaging Robots market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Packaging Robots market segments and regions.

Scope of the Report

The research on the Packaging Robots market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Packaging Robots market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Packaging Robots market during the forecast period, i.e., 2021-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Study of niche industrial sectors

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.