PACKAGING ROBOTS MARKET ANALYSIS

Packaging robots are specialty robots with high flexibility and capabilities to reprogram, industrial control systems (ICS), multipurpose applications with three or more axes, which may be either fixed in place or mobile for use in industrial operations such as picking, packing and palletizing. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing. Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and ability to lift larger packages. These robots are used in various industries including pharmaceutical, chemicals, food and beverages, electronics, warehouses, consumer product manufacturers, etc.

The global packaging robots market was valued for US$ 5.57 Bn in 2022 is expected to exhibit a CAGR of 11.4% during the forecast period.

Market Trend

Advent of collaborative robots

Collaborative robot refers to human-robot collaboration, in which robots and humans work in close collaboration. The robot can understand human instructions including voice, gestures, etc., and commence operations accordingly. Moreover, the use of collaborative robots facilitate high efficiency in the operation and ensures the safety of human. In fact, robots while working with humans slow down the movement or pause the operation if it detects humans in their path.

Adoption of vision sensor technology

Vision sensor technology plays a vital role as it can detect the size, shape, and color of the package and can verify whether the labelling and code of the package is correct or not. If not, the package is automatically discarded and removed from the packaging line. It enhances the efficiency of the packaging process by detecting irregularities in the process accurately. Growing demand for vision sensor technology will be instrumental in increasing the competition among the vision sensor technology providers in the coming years.

Market Restraint:

High capital investment is expected to hamper the global packaging robots market growth during the forecast period

Installation of an automated packaging system in a new line of packaging or in existing line requires substantial capital investment. Food and beverage industry is a highly fragmented sector with a large presence of small- and medium-sized manufacturers with extensive product offerings. These manufacturers are reluctant to install packaging robots since they are no feasible due to high capital investment for installation and maintenance. Moreover, other industries such as consumer products and tracking & logistics industries are controlled by local manufacturers and distributors, who usually do not have the capital to invest in automation of their facilities. Hence, these factors are expected to hamper the market growth over the forecast period.

Lack of skilled labors in high potential market is expected to hinder the global packaging robots market growth during the forecast period

According to Coherent Market Insights analysis, Food and beverage industry is the major end-use industry for packaging robots, accounting for 40% packaging robots manufactured worldwide. However, adoption of automation in packaging lines is relatively low in emerging economies such as China and India as compared to Western counterparts. This is typically due to the manufacturer’s hesitation to change established work practice and dearth of skilled laborers. Moreover, a highly skilled team of personnel is required for maintenance operations for proper functioning. Thus, dearth of team of skilled professionals and the availability of cheap labor force in these countries is expected to hinder the global packaging robots market growth in the near future.

Global Packaging Robots Market- Impact of Coronavirus (Covid-19) Pandemic:

During the COVID-19 pandemic, many industries in the Packaging robots market had to temporarily shut down to obey the rules imposed by the government and to prevent the disease from getting spread.

This suspension in operations has a direct impact on the all-over revenue of the packaging robots market. Moreover, due to the disruptions in the supply chain and scarcity of raw materials during the pandemic, the manufacturing of automotive products terminated. In addition to this, there was less availability of skilled laborers in the organizations which heavily impacted the market.

Competitive Scenario

Key players operating in the global packaging robots market are Mitsubishi Electric Corporation, Remtec Automation, LLC, Bosch Packaging Technology, Schneider Electric SE, KUKA Roboter GmbH, Brenton LLC, FANUC Corporation, Krones AG, Yaskawa Electric Corporation, and ABB Ltd.

Recent Developments:

Major companies in the market are involved in mergers and acquisitions, in order to gain a competitive edge in the market.

• In January 2020 Syntegon Technology acquired Bosch Packaging Technology’s packaging machinery business based in Germany.
• In November 2022, FANUC Corporation, a Japan based manufacturer of automation products such as robotics and computer numerical control wireless systems, and ROBOMACHINE’s launched a new LR-10iA/10 robot, which is designed for machine tending and for various picking applications.

Forecasted Asia Pacific is expected to hold a dominant position in the Global Packaging Robot Market in 2030

Statistics:

Asia-Pacific region dominated the global packaging robots market in 2022, accounting for 34.0% share in terms of volume, followed by Europe and North America, respectively

Figure 1: Global Packaging Robots Market Share (%), By Region, 2022

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Asia Pacific Packaging Robots Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for Packaging robot in emerging economies such as South Korea, India, and China.

Moreover, Due to the availability of inexpensive packaging robots, the widespread use of packaging robots, and the presence of renowned industrial automation robot manufacturers in this region, the Asia Pacific will have the greatest share of the market. Furthermore, over the anticipated time, demand in the region will increase due to the E-commerce sector's exponential rise in developing countries like China, India, and Japan.

Global Packaging Robot Market- Segmentation

The Global Packaging Robot Platform market is classified into following segments based on Gripping Type, Application, End User

The gripping type segment is divided into Clamp, Claw, Vacuum, and others based on Gripper Type. The Global Packaging Robot Market is expected dominate by clamp and clows and this trend is anticipated to continue owing to growing Food & Beverage and Pharmaceutical sectors

The application segment is divided into Picking, Packing (Tray, Cases, and Other), Palletizing (Case Palletizing, Bag Palletizing, and De-palletizing)). Due to growing e-commerce industry's explosive growth and the adoption of packaging robots as an alternative to labor-intensive and difficult manual picking, pick & place applications are anticipated to have the highest CAGR over forecast period. Additionally, the benefits of packaging robots, such as less damage, lower costs, and greater efficiency in pick-and-place processes, will boost the segment growth.

Based on End User, The market is segmented into Food & Beverage, Pharmaceutical, Consumer Products, Logistics, and Others. Pharmaceuticals are anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to the need for proper collation, labeling, and capping in the pharmaceutical industry. Also, it involves the protection of pharmaceutical products from moisture, humidity, light, and temperature to ensure the safe delivery of drugs. The covid 19 outbreak has further complemented the demand across the pharmaceutical industry.

Figure 2: Global Packaging Robot Market (US$ Bn) Analysis and Forecast, By Gripping Type, 2022

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The Global Packaging Robots Market was valued at US$ 5.57 Bn in 2022 and is expected to reach US$ 11.84 Bn by 2030, growing at a CAGR of 11.4% between 2022 and 2030.