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Packaging Robot Market Size

Report ID: GMI5831
Published Date: May 2023
Report Format: PDF

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Packaging Robot Market Size

Packaging Robot Market size was valued at over USD 4 billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032. The advantages and convenience of robotic packaging are driving industry expansion. These robots are lightweight, require very little maintenance, and can operate at high speeds for 70,000 hours or more. Packaging robots provide consistent & accurate packaging results. They ensure proper placement, sealing, labeling, and accurate measurements to maintain good packaging standards. By reducing variances & errors, robots can improve product quality and customer satisfaction.

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A packaging robot is a revolutionary machine designed to make labor-intensive jobs faster, cheaper, and better at the best price. They are easy to use with integrated controls and intuitive HMI with advanced information & software. These robots are simple, accurate, and consistent.

Packaging Robot Market Report Attributes
Report Attribute	Details
Base Year:	2022
Packaging Robot Market Size in 2022:	USD 4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 10 Billion
Historical Data for:	2018 - 2022
No. of Pages:	300
Tables, Charts & Figures:	485
Segments covered:	Gripper Type, Application, End Use, and Region
Growth Drivers:	Growing demand for customized and personalized packaging solutions Rise in automation and industrialization Integration with smart factory and Industry 4.0 concepts Rising labor costs and workforce challenges
Pitfalls & Challenges:	High initial cost of packaging robot

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Integrating packaging robots into the existing production systems can be complex and difficult. It often requires coordination with other equipment such as conveyor belts, sensors, and control systems. Regular maintenance, software updates, and technical support can ensure maximum performance and minimize downtime. However, the complexity of integration and maintenance can increase the overall cost & demand for packaging materials.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for packaging robot was valued at over USD 4 billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032, on account of advantages such as convenience, lightweight, very little maintenance, and ability to operate at high speeds for 70,000 hours or more.

Packaging robot share from palletizing segment is expected to grow at over 10% through 2032, owing to continuous & efficient operation of these robots that can increase the speed & efficiency of palletizing processes, thereby reducing manual labor and saving costs.

Packaging robot industry in North America held the largest market share of over 30% in 2022, attributed to rising labor costs, increasing demand for faster & more efficient packaging processes, along with the need for automation in operations across industries.

ABB Limited, Brenton Engineering, Fanuc Corporation, Krones AG, Kuka AG, Mitsubishi Electric Corporation, Schneider Packaging Equipment Company, Inc., ESS Technologies, Inc, Yaskawa Electric Corporation, Comau, Denso Robots, Universal Robots, and Epson Robots.