New York, October 29, 2021 (GLOBE NEWSWIRE) – Packaging Robots Market: Key Insights
According to our new research study on Packaging robots market Size and Forecast to 2028 – COVID-19 Impact and Global Analysis by Industry Vertical (Food & Beverage, Pharmaceuticals, Consumer Electronics & Others) and Application (Primary Packaging, Secondary Packaging & Tertiary Packaging).
|Cover of the report||Details|
|Market size Value in||US $ 3,945.43 million in 2021|
|Market size Value per||US $ 8,448.21 million by 2028|
|Rate of growth||11.49% CAGR from 2021 to 2028|
|Year of reference||2021|
|Number of pages||149|
|Number of tables||56|
|Number of graphs and figures||73|
|Historical data available||Yes|
|Covered segments||Vertical sector and application|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Cover of the report||Revenue forecast, company ranking, competitive landscape, growth factors and trends|
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Packaging robots market: competitive landscape and key developments
ABB; Brenton, LLC; Fanuc Company; Krones SA; Kuka AG; Mitsubishi Electric Corporation; Remtec Automation, LLC; Syntegon Technology GmbH (Bosch Packaging Technology); Schneider Electric SE; and Yaskawa Electric Corporation are among the major players featured in this market research. In addition, several other key market players have been studied and analyzed to get a holistic view of the global Packaging Robots market and its ecosystem.
In 2020, Mitsubishi Electric Automation, Inc. unveiled the RV-8CRL industrial robot, which offers a high-quality solution at a lower cost without sacrificing performance. The RV-8CRL is particularly versatile in its applications, including pick and place, inspection and general assembly, due to its smaller base size, larger effective working area and compatibility. with security intelligence components.
In 2020, through its sponsorship of MassRobotics, Mitsubishi Electric Automation, Inc. introduced its Startup Commitment Program. MassRobotics is a non-profit organization that strives to help startups and established technology companies develop, prototype, test and sell their products and solutions by providing them with space and resources.
Packaging methods for consumer packaged goods must be precise and reproducible. Companies that use robotics in their packaging lines can improve throughput, efficiency and quality. Individually wrapping at high speeds can be difficult. Robotics has been shown to have a high return on investment in a variety of applications, including raw product handling, primary packaging, secondary packaging, and palletizing. In addition, branding and product packaging are essential for producers to be competitive in today’s market. Packaging, brand, content and prices all influence customers’ buying habits. In addition, counterfeit items are a common problem for manufacturers in the food, pharmaceutical and FMCG industries. Packaging robots are reliable and provide high quality branding information through labeling. Once the products are packaged, a unique identification code is generated, which makes it easier to track products throughout the supply chain. In addition, the main advantage of robotics in the packaging industry is that it undoubtedly offers flexibility. Line machinists can adjust the outline of a crate or pallet with the push of a button. This highlights the flexibility needed to satisfy commercial customers who need increasingly suitable cargoes, while not losing the speed that comes with it. In addition, robotic packaging systems such as pick-and-place robots are equipped with thin arms and a wide reach, as well as solid repeatability and precision tooling, allowing them to be extremely precise and precise. Due to their high precision, they are ideal for a variety of packaging and supply chain tasks. Finally, both product quality and cycle time can be improved using robotic packaging equipment. Because robotic actions are regulated, their consequences are always consistent, which improves the quality of the packaging. The packing procedures can work smoothly because of this consistency.
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Several Asia-Pacific economies saw a sharp decline in their GDP in 2020 due to the sudden shutdown of all economic activities in all countries. The region is the center of automotive, consumer electronics and semiconductor manufacturing. In addition, many businesses in the region have been negatively affected by the supply disruptions. As a result, robot shipments saw the biggest decline ever in 2020. China and India were the hardest-hit economies in Asia-Pacific due to large populations and overwhelming pressure on the health system. South Korea and Singapore have also imposed several lockdowns as strict measures were needed to contain the spread of the virus. However, the long-term impact of the COVID-19 pandemic on the region will propel demand for robots at manufacturing facilities.
Smart modernization and adoption of vision sensor technology to propel the growth of the packaging robot market in the coming years:
The increased demand for a variety of products from manufacturing industries such as food and beverage, pharmaceuticals as well as the e-commerce industry is prompting companies to focus on improving production efficiency and the implementation of improved management of operations. Robotic automation in packaging units helps achieve the overall efficiency of the equipment, which is a requirement for long-term production efficiency. In addition, new innovations such as human-robot collaboration further contribute to the growth of the market. Human-robot collaboration, in which robots and people work closely together, is called collaborative robot. The robot can understand human commands including speech, gestures, etc., and start activities accordingly. In addition, the use of collaborative robots allows maximum efficiency of operations while guaranteeing the safety of people. In fact, if a robot detects humans in its path while working with humans, it slows down or stops the task. In addition, vision sensor technology is essential as it can detect the size, shape and color of the package, as well as verify whether the labeling and code are valid. If not, the packaging is discarded and automatically removed from the packaging line. It improves the efficiency of the packaging process by correctly detecting anomalies. Over the next few years, the growing demand for vision sensor technologies will help increase competition among providers of vision sensor technologies.
Packaging Robots Market: Primary Packaging Overview
The primary packaging is the first layer that contains the finished product and protects it from contamination. The packaging is necessary to make the product attractive and to provide important product details to consumers. Factors such as production parameters, product attributes and how products are delivered to and from packaging equipment are crucial while considering the automation of a packaging process. Automation of primary packaging by robots provides greater flexibility and allows a product to be placed in any configuration. The reduced costs of industrial robots and technological advancements have spurred their adoption in the manufacturing industry for pick and place applications. Primary packaging through automation makes the process efficient with minimal errors and cost effective, resulting in a higher return on investment for OEMs and manufacturers who deploy automated solutions in their business processes.
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Key questions to ask for the packaging robot market:
- What are the reasons for the growth of the packaging robots market?
- What are the market opportunities for the packaging robots market?
- Which application is expected to dominate the market during the forecast period?
- Which industry vertical is expected to dominate the market during the forecast period?
- Which region is expected to dominate the packaging robots market during the forecast period?
- What trends are expected to drive the demand for various packaging robots?
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