Press release
Packaging Robots Market to Reach USD 10.85 Bn by 2030, Growing at 14.18% CAGR!
Packaging Robots Market
The global packaging robots market is experiencing substantial expansion, driven by increasing automation across various industries and the need for enhanced efficiency in packaging processes. Valued at approximately USD 4.29 billion in 2023, the market is projected to reach nearly USD 10.85 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 14.18% during the forecast period.
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Competitive Landscape
The packaging robots industry is characterized by the presence of several key players who are continually innovating to meet the evolving demands of the market. Prominent companies such as FANUC Corporation, ABB Ltd., Yaskawa Electric Corporation, KUKA AG, and iRobot Corporation are at the forefront, investing heavily in research and development to enhance their product offerings and maintain a competitive edge.
Regional Demand Highlights
The Asia Pacific region holds a dominant position in the packaging robots market, accounting for a significant share of global revenue. This dominance is attributed to rapid industrialization, the growth of the e-commerce sector, and the increasing adoption of automation in countries like China and India.
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Segmentation Analysis
by End User
Manufacturing
Food & beverage
Logistics
Pharmaceutical
Others
The food and beverage industry, which is anticipated to provide a larger proportion in 2023 due to the rise in orders for fresh food and beverage goods, makes extensive use of packaging robots. The need for automation solutions is rising as a result of the various governments' initiatives to ensure food safety. The technology of packaging robots must assist the food processing and production sectors in maintaining product quality uniformity.
by Type
Clamp
Claw
Vacuum
Others
by Application
Pick & place
Packing
Case packing
Tray packing
Filling
Others
Palletizing
Case palletizing
Bag palletizing
De-palletizing
The Pick & Place is anticipated to expand at a compound annual growth rate (CAGR) from 2024 to 2030. The market's expansion is ascribed to the e-commerce industry's explosive rise as well as the need for packaging robots in this sector. Compared to manual item picking, e-commerce sectors are increasingly requesting picking robots for the order fulfillment process. Cost and efficiency have increased thanks to automation in item picking. Additionally, it is anticipated that the packing segment would contribute to the global packaging robot market.
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Key Market Participants:
1. ABB Limited
2. Remtec Automation LLC.
3. Guangzhou Risong Intelligent Technology Holding
4. Brokk AB (SE)
5. Durr Systems
6. Amada Co Ltd.
7. FIPA GmbH
8. Kejie Group
9. Star Seiki Co
10.Krones AG
11.Fanuc Corporation
12.Schneider Electric SE
13.Yaskawa America Inc.
14.Mitsubishi Electric Corporation
15.Bosch Packaging Technology (Robert Bosch GmbH)
16.Brenton Engineering
17.Kuka Roboter GmbH
18.Ylog GmbH
19.Weiss Robotics
20.Suzhou GST Technology
21.Adept Technology
22.Fanuc
23.IAM Robotic
24.Kindred
25.RightHand Robotics
26.Takeoff Technologies Inc.
27.Alert Innovation, Inc.
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