Global Packaging Robots Market Price 2024, Forecast To 2033
8 Mar, 2024
The packaging robots market has witnessed rapid growth, climbing from $5.57 billion in 2023 to $6.26 billion in 2024, with a compound annual growth rate (CAGR) of 12.4%. This growth is fueled by factors such as labor shortages in manufacturing and advancements in robotics. Looking forward, the market is poised for continued rapid growth, reaching $9.97 billion by 2028, with a CAGR of 12.4%. Emerging trends such as integration of artificial intelligence and rise of sustainable packaging are expected to drive this growth, alongside major trends including collaborative robotics and vision-guided robotics for quality control.
Global Packaging Robots Market Key Driver
The packaging robot market is forecasted to experience substantial growth due to the burgeoning e-commerce and retail sectors. The shift towards online shopping, driven by consumer preferences for convenience and personalized experiences, has led to significant revenue growth in the e-commerce industry. France's e-commerce sector alone generated €146.9 billion ($159.11 billion) in revenue in 2022, marking a 13.8% increase from the previous year. Globally, e-commerce accounted for approximately 22% of total sales by 2021, as highlighted by Morgan Stanley. This rise in e-commerce and retail activities is a key driver behind the growth of the packaging robot market.
Get A Free Sample Of The Global Packaging Robots Market ReportGlobal Packaging Robots Market Segments
The packaging robots market covered in this report is segmented –
1) Gripping Type:Clamp Type, Claw Type, Vacuum, Other Gripping Types
2) Application:Pick And Place, Packing, Case Packing, Tray Packing, Filling, Other Applications
3) End Users:Food And Beverages, Pharmaceuticals, Consumer Products, Logistics, Other End Users
By Geography: The countries covered in the packaging robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the packaging robots market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Packaging Robots Industry Players
DENSO Robotics; Mitsubishi Electric Corporation; Schneider Electric SE; ABB Ltd.; Kawasaki Robotics Inc.; Epson Robots; FANUC Corporation; Krones AG; KUKA Roboter GmbH; Yaskawa Electric Corporation; FESTO Corporation; Hanwha Robotics; IMA Group; Universal Robots; Thomasnet; BluePrint Automation; StrongPoint Automation; Combi Packaging Systems LLC; Brenton LLC; JLS Automation; Remtec Automation LLC; AFA Systems Ltd.; Intelligent Actuator; Bellini and Meda; Sidel
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Packaging Robots Market Overview
Packaging robots are automated robotic arms programmed to open, fill, transport, palletize, seal, code, or label product packaging. These are used to handle materials, transport, or pack things that allow products to be packaged with better efficiency and speed, uniformity, quality, and accuracy.