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Packaging Robot Market Trends

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

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Packaging Robot Market Trends

One of the most important factors propelling the packaging robot industry is the integration with smart factory and Industry 4.0 concepts. Packaging robots are crucial in the realization of smart factories and Industry 4.0. They integrate with other automation systems, such as conveyor belts, sensors, and data analysis, enabling real-time monitoring, decision-making & predictive maintenance. This integration improves overall productivity, traceability, and chain visibility. The integration with a smart factory helps packaging robots improve supply chain visibility and tracking. By combining tracking technology, unique identifiers & data exchange processes, packaging robots can provide real-time updates on packaging, product location, and quality control facilities. This visibility improves product performance, provides convenient inventory management, and supports traceability services.

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.