PACKAGING ROBOTS MARKET ANALYSIS

Packaging Robots MarketSize and Trends

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.

The Global Packaging Robots 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

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.

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.