Packaging robots are designed to handle materials, seal & label, and move or pack goods among other tasks to enable products to be packaged. These robots are significantly flexible and easy to integrate into a workspace. When compared with manual processes, packaging robots bring the accuracy, speed, and productivity, while delivering relatively fast return on investment (ROI). These robots are significantly being used in an extensive range of industries such as retail, food & beverages, and pharmaceutical. Some of the main advantages associated with packaging robots include ability to lift larger packages, reduce part package time, and lower labor cost.
The Packaging Robots Market size was valued at 4.02 billion in 2021 and is predicted to reach 8.60 billion by 2030 with a CAGR of 8.9% from 2022-2030.
Asia Pacific holds the predominant share of packaging robots market at present. This is attributed to the factors such as increasing usage of packaging robots due to high degree automation and intelligent modernization, and the adoption of vision sensor technology. Also, increased application of these robots as it can work in different temperatures and require significantly less floor area than people is also driving the market growth in this region.
However, North America is expected to show a steady rise due to the rapidly increasing adoption of packaging robots in food & beverage and pharmaceutical industry in this region. Also, rising focus on the development in science & technology along with its application in automotive industry are expected to drive the packaging robot market growth in this region.
The packaging robots market comprising of various market players such as KRONES AG, Remtec Automation, LLC, ABB Ltd., Syntegon Technology, Fanuc Corporation, KUKA AG, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Schneider Electric SE, and Brenton LLC. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the packaging robots market.
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