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The Global Packaging Robots Market size is estimated to grow at a CAGR of 10.33% between 2022 and 2027 and the size of the market is forecast to increase by USD 8.49 billion. The growth of the market depends on several factors, such as the advancements in the robotics industry, the need for high accuracy and precision, and the rising demand for sustainable packaging solutions.
This packaging robots market report extensively covers market segmentation by application (primary packaging and secondary packaging), end-user (food and beverage industry, pharmaceutical industry, electronic and semiconductor industry, and machine tools and auto industry), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, spanning from the innovator’s stage to the laggard’s stage. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Packaging Robots Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Advancements in the robotics industry is a key factor driving the market growth. The significant expansion of the global packaging robots market can be attributed to recent advancements in robotics technology. These robots have made remarkable progress in terms of complexity, effectiveness, and adaptability, all due to ongoing innovations in robotics. A key advantage of robotics lies in its capacity to automate repetitive tasks, a particularly valuable trait in the packaging domain.
The packaging sector gains from the flexibility of robotic technology, which readily adjusts to shifting production needs. Packaging robots are easily reprogrammed to accommodate evolving consumer preferences and market trends, giving companies a competitive edge by enabling swift and effective responses to market changes.
Increased inclination toward COBOTS is a trend influencing the market growth. COBOTS, a robot type crafted for cooperative human collaboration, are increasingly vital in packaging. They conduct repetitive, taxing tasks alongside humans safely, driven by productivity needs and safety concerns. Their secure proximity to humans is a prime benefit, armed with sensors for recognition and swift reaction to prevent accidents, ideal for supervised packaging. COBOTS are user-friendly and adaptable, programmed even by non-experts, amplifying productivity and lessening manual work. This trend is set to propel market growth.
High upfront costs associated with purchasing and deploying robots is a major challenge hindering the market growth. High upfront costs in procuring and deploying robotic systems pose a significant challenge for global packaging robot market vendors. While these robots offer long-term benefits, their intricate nature demands substantial initial investment, particularly burdening small to medium-sized businesses (SMBs) with limited budgets.
Technical complexities in implementation can lead to additional costs and delays for many SMBs. Moreover, for businesses needing sporadic packaging or design changes, the expense of reprogramming or reconfiguring the robots hampers their cost-effectiveness. This hurdle of upfront expenses could potentially hinder market growth in the forecast period.
The primary packaging segment will account for a major share of the market's growth during the forecast period. A large share of the global packaging robots market is dominated by the primary packaging application segment. The rising demand for primary packaging in sectors such as food and beverage, pharmaceuticals, and cosmetics influences the market environment for packaging robots in the industry.
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The primary packaging segment was valued at USD 7.19 billion in 2017 and continued to grow till 2021. The rising demand for primary packaging in sectors such as food and beverage, pharmaceuticals, and cosmetics is one of the major factors driving the market for packaging robots. The demand for packaging robots that collaborate with basic packaging materials, such as flexible packaging, including pouches and sachets, has witnessed significant growth over the past ten years.
Based on end-users, the market has been segmented into the food and beverage industry, the pharmaceutical industry, the electronic and semiconductor industry, and the machine tools and auto industry. The food and beverage industry segment will account for the largest share of the type segment. The primary growth of the packaging robots market during the forecast period will be the need for increased productivity and efficiency and the need for higher safety and hygiene standards.
APAC is estimated to contribute 38% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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APAC is the largest geographical segment of the global packaging robots market and is expected to continue to remain the same during the forecast period. Developing economies such as China and India will emerge as major revenue contributors to the packaging robots market in the region. This is majorly due to factors such as the rapid expansion of end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care. The region also has a very high concentration of manufacturing industries, which, in turn, increases the need for packaging and packaging robots. The growth of this business sector is attributed to the rise in population in the region, which creates an increase in the overall demand for goods through online channels. Hence, the rising demand in various countries of the region is expected to drive the market growth of packaging robots in APAC during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers packaging robots such as robotic picking, packing and palletizing.
Comau Spa: The company offers packaging robots named NJ 220 2.7 for packing, dispensing, machine tending, cosmetic sealing, measuring testing, plasma cutter water jet, and wood glass machining.
We have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The packaging robots market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Packaging Robots Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.33% |
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Market growth 2023-2027 |
USD 8.49 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
9.95 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., BluePrint Automation BV, Comau Spa, DENSO Corp., FANUC Corp., Fuji Yusoki Thailand Co. Ltd., IAI Industrieroboter GmbH, KRONES AG, KUKA AG, Mitsubishi Electric Corp., Pro Mach Inc., Remtec Automation LLC, Robert Bosch GmbH, Syntegon Technology GmbH, Teradyne Inc., Yamaha Motor Co. Ltd., Yaskawa Electric Corp., IPG Photonics Corp., Schneider Electric SE, and Seiko Epson Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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