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2020-03-11
680
Global
With the advancement in technologies and industrial automation that is taking place in recent years almost each and everything is automated whether its robots in agriculture or robots that are used for packaging purposes. Packaging robots are the robotics system that is widely used for packaging purposes to lower the labor force in an industry. In order to make the process of packaging faster and more precise, manufacturers are using packaging robots for packaging operations. With the betterment of growth in manufacturing sector, there has been a rapid change in technologies. One of the technologies is packaging robotics technology that not only saves the times but is also cost efficient. Because of the expeditious shipment of products, the demand for packaging robots is swelling rapidly across the globe. These robots not only save time but also help in fulfilling the targets within prescribed time.
In the former days, BugBot has announced a new packaging machine which is named as robotics packaging machine that will increase the level of productivity up to 100% cutting down the cost and saving time of manufacturers.
Packaging robots market is mainly driven by the growing need for efficient and accurate packaging systems. Moreover, rapid expansion various end-use industries such as food & beverages, pharmaceutical and others is one of the key factor which is pushing the industry players towards the adoption of packaging robots. Notwithstanding the facts that there are high cost of equipping packaging machines or robots which work as hindrance for the growth of global packing robots market.
On the basis of component
On the basis of gripper type
On the basis of application
By End User
By Region
On the basis of applications, packing segment dominated the packaging robots market by around 49% market share in 2018. Pick and place robot system in application segment is estimated to grow at a CAGR of 11.5% over the forecast period. On the basis of end user, due to increase in order size of food, the food & beverage industry is expected to dominate the market covering more than 35% of shares in 2018. Also the hardware segment among the packaging robots component market dominates the global packaging robot market.
Asia-Pacific region dominated the market with a market share of 35.2% in 2019 in global packaging robots market. Rapid industrialization in Asia-Pacific region is the major factor which is bolstering the demand for packaging robots market.
Growth drivers that propel the market of packaging robot are:
There are several factors that work as restrain and curtail the growth of global packaging robots market:
Our global packaging robots market report comprises of the following companies as the key players.
Market Synopsis
Market Segmentation
Global packaging robots market is segmented as follows:
Global packaging robots market report covered insights of below mentioned regions:
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remark
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