Global Packaging Robots Market is Expected to Expand at a Compound Annual Growth Rate (CAGR) of 14.0% Over the Forecast Period i.e. 2016-2024

Posted on 2018-08-17 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —Global valuation of processed food industry has reached more than USD 2.0 trillion. Of this, packaged foods market accounted for almost USD 1.0 trillion, which is likely to grow at a CAGR of 6.5% during the forecast period with much higher growth rate in developing countries. The Asia Pacific region has most number of packaging robots which holds almost 70% market share in global packaging robots market. Moreover, packaging industry around the world across various industries accounted for nearly USD 960 billon, showcasing huge potential of the industry for packaging robots. Robot manufacturers have responded significantly to the market potential by delivering more innovative robotic systems, crafting more modular designs, switching pneumatics with electromechanical devices and by increasing speed, boost efficiency, lower costs and ensure precise product quality.

While market players across various industries are increasing the speed of product development, they also have to guarantee effective, persistent day-today production processes to evade costly downtime and production loss. Companies are utilizing and rapidly adopting automation technologies, which are recognized to deliver a greater degree of flexibility in packaging operations. The food and beverage industry is the largest end user, where automation has mainly been utilized for end-of-line packaging and palletizing.

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“Global Packaging Robots Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in packaging robots industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, packaging robots manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall packaging robots industry.

Global Packaging Robots Market Segmentation can be classified on the basis of:-

On the basis of component

Hardware
Automation and control system
Sensing and monitoring device
Software
Local/Web based Software
Cloud based Software
Services
Managed services
Connectivity services
Maintenance/Support services

On the basis of gripper type

Clamps
Claws
Vacuums
Others

On the basis of application

Picking and placing
Packing
Case packing
Tray packing
Filing
Others
Palletizing
Case palletizing
Bag palletizing
De-palletizing

By End User

Manufacturing
Food & beverage
Logistics
Pharmaceutical
Others

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)}

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Market Trends, Drivers and Challenges

Manufacturers of packaging robots are continuously spending on advancement of packaging robots in order to make them more efficient and low running cost. The trend of continuous improvements in technologies to improve the performance and price competitiveness gap between advanced packaging robots and conventional packaging systems will continue over the next five to six years. Moreover, on the basis of business strategies, acquisition activities have been very strong with major players acquiring leading automation solution enterprises to enlarge their capacity to “play” the business megatrends. From 2009 to 2016, automation solution business M&A activity grew at a 4.1% CAGR, globally. For instance, in 2016 Blue Sage Capital has acquired Magnum Systems, Inc.a leading designer and manufacturer of patented packaging and material handling solutions.

“Global Packaging Robots Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global packaging robots market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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