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Global Packaging Robots Market: Primarily Driven by Development in Manufacturing Industries



According to the latest report published by Variant Market Research, the global packaging robots market size is projected to reach $5 billion by 2024 from $2 billion in 2016. In this report, packaging robots market forecast says that the global market is growing at 14.6% CAGR from 2017 to 2025.
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Improved demand for high automation in packaging line to drive the global market
The global packaging robots market trend includes development in manufacturing industries, necessity for intelligent modernization to reduce product delivery time, and improved demand for high automation in packaging line. Though, huge capital investment may hinder the packaging robots market growth. Moreover, advanced features like high accuracy & low product damage provided by packing robots would provide an opportunity for players of packaging robot manufacturers.
Market Segmentations
The global packaging robots market is classified into, application, gripper type, end user, and geography. Application segment includes palletizing robots, packing robots, and picking robots. Further, the market is classified on basis of gripper type into vacuum gripper, clamp gripper, claw gripper, and others. End user includes consumer products, food & beverages, cosmetic & personal care, pharmaceutical, chemical manufacturing, tracking, logistics & transport, and industrial packaging. North America (U.S., Mexico, and Canada), Europe (France, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, Thailand, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Palletizing robot, by application dominated the global market in 2017
Palletizing robot held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Its increasing demand in loading & unloading of goods is the driving factor for the growth of segment.
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Vacuum gripper, by gripper type dominated the global market in 2017
Vacuum gripper held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Its increasing demand for secondary packaging applications in several industries like electronics, food and beverage, card board & film packaging, among others is the driving factor for the growth of segment.
Industrial packaging, by end user dominated the global market in 2017
Industrial packaging held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. High demand for industrial packaging robots in chemical & electronic industries is the driving factor for the growth of segment.
Asia-Pacific dominated the global market in 2017
Asia-Pacific held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. owing to increased adoption of automation across food & beverage and FMCG industries is the driving factor for the growth of the market in North America.
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Competitive Landscape
Key players are offering innovative products and services to increase their packaging robots market share. Major players of the market are Bosch Packaging Technology, Mitsubishi Electric Corporation, Fanuc Corporation, Kuka Roboter GmbH, Schneider Electric SE., ABB Limited, Yaskawa Electric Corporation, Intelligent Actuator, Schneider Electric SE, and Yamaha Robotics, among others.
Scope of Packaging Robots Market
Application Segments
• Packing robots
o Tray
o Cases
o Others
o Picking robots
o 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
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack 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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News Release: Global Packaging Robots Market: Primarily Driven by Development in Manufacturing Industries
Submitted on: February 08, 2018 10:33:11 AM
Submitted by: sneha
On behalf of: https://www.variantmarketresearch.com
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