Albany, NY: Transparency Market Research (TMR)
delivers key insights on the global packaging robot market in its latest report
titled ‘Packaging Robot Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024’. In terms of value, the global packaging robot market is projected to expand at a CAGR
of over 14% during the forecast period (2016–2024), due to various factors,
regarding which TMR offers vital insights in detail in this report.
Growth in manufacturing sector coupled with increased demand of
goods from consumers impelled industry operators to opt for large scale
automation. As a result of this degree of automation in several industries
particularly manufacturing facilities engaged consumer products scaled up. In
addition, over past four to five years, packaging surfaced as one of the
crucial factor for product sales, hence needed focus form goods and product
producers. Consequently, an increased deployment of packaging robots
experienced across all end use industries.
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A few of the end use industries approached packaging robot
manufacturers with unique specification and functioning of picking, packing and
palletizing robots to be deployed in their premise, which catalysed the trend
for application specific packaging robots. Additionally, the associated
benefits of installing robots in packaging line, such as lowering costs,
increasing accuracy, and reduced product damage, is contributing to the growth
of global packaging robots market.
Nevertheless, sales of packaging robots
increasing globally, but the challenge which needs to be addressed by packaging
robot manufacturers is the high initial setup cost. A large number of
plant and facility operators are sceptic of deploying packaging robots due to
high initial cost, where Chinese players are capitalizing the
opportunity. The published report by TMR details all the issues and
challenges encountered by the industry and also offer best practices studies
with white spaces (opportunity pockets) in the global packaging robots market.
The global packaging robot market in the report is segmented on
the basis of application, gripper type and end-use industries. On the basis of
application, the global packaging robot market is segmented into picking,
packing and palletizing. Packing segment is further sub-segmented in to case
packing, tray packing, filling and other applications. Palletizing segment is
further sub-segmented in to case palletizing, bag palletizing and
de-palletizing. On the basis of gripper type, the global packaging robot
market is segmented into claw, clamp, vacuum and other. Among gripper type,
vacuum segment projected to be the most attractive segment over the forecast
period
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On the basis of end-use industries, the global packaging robot
market is segmented into food and beverages, pharmaceuticals, consumer products,
tracking and logistics and industrial packaging. Industrial packaging segment
is further sub-segmented in to chemicals, electronic devices and others.
Regionally, the global packaging robot market is segmented into North America,
Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA).
Packaging robots used for packaging operations for electronic components are
not consider in the research study.
Among applications, packing segment accounts for a major share
in the global packaging robot market, while, tray packing and case packing
sub-segment in the packing segment is expected to expand at significant CAGR in
terms of value over the forecast period. Leading players in global packaging
robot market are focused on developing high speed packaging robot and heavy
payload robot to cater increasing demand for high speed packaging across
end-use industries. Asia Pacific is anticipated to grow at an impressive CAGR
over 17% in terms of value over the forecast period.
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