SAN FRANCISCO, Aug. 09, 2017 (GLOBE NEWSWIRE) -- The Global Packaging Robot Market Report, published by Variant Market Research, forecasts that the global market is expected to reach $5 billion by 2024 from $2 billion in 2016, growing at a CAGR of 14.6% from 2016 to 2024. A packaging robot is a robot system which aids various aspects of the packaging industry. Packaging robots are flexible, precise, faster, and cost-efficient. Packaging robots aid in reducing labor cost, package time, repetitive work and others. Packaging robots are available in various sizes as per the applications.
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Technological advancement drives the global packaging robot market
Increasing manufacturing industries and rising demand for high automation in packaging lines are the major factors supporting the growth of the market. However, high capital investment may hamper the growth of the market. Additionally, technological advancements in these robots would provide several growth opportunities for the market in the coming years. Moreover, packaging robots offer faster packaging process and reduce time and labor cost in the manufacturing industry.
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Market Segmentation
The global packaging robot market has been categorized into gripper type, application, and end user. By gripper type, the global packaging robot market is segregated into claw gripper, vacuum gripper, clamp gripper, and others. The application segment is divided into palletizing robots, packing robots, and picking robots. By end user, the market is classified as consumer products, food & beverages, cosmetic & personal care, pharmaceutical, logistics & transport, chemical manufacturing, tracking, and industrial packaging.
Vacuum gripper segment accounted for the largest market share in the gripper type segment
The vacuum gripper segment accounted for the largest market share in the overall gripper type segment in 2016. Vacuum gripper used to grip the object to place from one location to another location; therefore it is helpful for increasing flexibility of productivity. Vacuum gripper used in secondary packaging applications in various industries such as food and beverage, card board, electronics, film packaging, and others.
Picking robot expected to grow at a fastest CAGR in the upcoming years
Picking robots help by placing products from one location to another location with more accuracy picking and packaging process. Picking robots reduce time and increase efficiency. The picking robot segment is anticipated to grow at the fastest CAGR in the future year, due to augmented demand of packaging robots in picking application such as FMCG industries.
Industrial packaging segment dominated the end user segment
In 2016, the industrial packaging segment dominated the end user segment, accounting for more than one-third of the total market share.
Asia-Pacific held the largest market share segment
Asia-Pacific accounted for the largest market share in 2016, owing to increasing adoption of automation across food & beverage and FMCG industries.
Competitive Landscape
Bosch Packaging Technology adopted product launch as a business strategy to stay ahead in the competitive scenario. For instance, In September, 2015 Bosch Packaging Technology announced product launch of the D3 robotic platform, which provides a highly versatile portfolio of primary and secondary packaging solutions. The major key players operating in the packaging robot market are Bosch Packaging Technology, Mitsubishi Electric Corporation, ABB Limited, Fanuc Corporation, Schneider Electric SE., Kuka Roboter GmbH, Yaskawa Electric Corporation, Yamaha Robotics, Schneider Electric SE, Intelligent Actuator, and among others.
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Scope of Packaging Robots Market
Application Segments
- Packing robots
• Tray
• Cases
• Others
• Picking robots
• Palletizing robots
• Case palletizing
• Bag palletizing
• D-palletizing
Gripper Type Segments
- Vacuum gripper
- Claw gripper
- Clamp gripper
- Others
End User Segments
- Clinical diagnostics
- Food & beverages
- Consumer products
- Cosmetic & personal care
- Pharmaceutical
- Tracking, logistics & transport
- Chemical manufacturing
- Industrial packaging
Geographical Segments
- North America
• US
• Canada
• Mexico - Europe
• Germany
• France
• United Kingdom
• Spain
• Others - Asia-Pacific
• China
• India
• Japan
• South Korea
• Others - RoW
• South America
• Middle East
• Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data packs proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial Services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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