According to the latest market study released by Technavio, the global packaging robots market is expected to grow at a CAGR of almost 10% during the predicted period.
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Technavio has published a new report on the global packaging robots market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global Packaging Robots Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global packaging robots market accounted for nearly 21% of the global industrial robots market in 2016. The market has a high potential for acceptance among end-users due to the global shift from traditional packaging methods to robotic machines. Primary packaging is a complex and critical packaging application that requires automated machines to precisely accomplish the packaging task.
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Technavio's analysts categorize the global packaging robots market into four major segments by end user. They are:
- Food and beverage industry
- Pharmaceutical industry
- Electronics and semiconductor industry
- Machine tools and auto components industry
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The top three end-user segments of the global packaging robots market are discussed below:
Global packaging robots market by food and beverage industry
The food and beverage industry accounted for the largest share in 2016 in the global packaging robots market. This industry is highly fragmented and includes several small and medium enterprises involved in production and packaging through warehouses. The food and beverage industry works on two parameters that include customized packaging and standard packaging.
According to Sushmit Chakraborty, a lead robotics research analyst from Technavio, "Advanced robots incorporated in industries include vision-enabled packaging robots that are increasingly being implemented across assembly line operations. There are different manufacturers in the industry that develop a wide range of food and beverage products. These perishable consumables vary in shape, size, and weight, due to which different types of packing are required."
Global packaging robots market by pharmaceutical industry
The pharmaceutical industry is one of the largest industries and is constantly innovating its packaging capabilities due to the change in global consumption trends. Factors that are contributing to the growth of packaging applications and robots in the pharmaceutical industry include the latest innovations in injectable drug delivery technology, the growing aging population and need for drugs, and the demand for generics and over-the-counter drugs.
"Packaging of pharmaceutical products is complex as these products have variations in shapes, sizes, colors, and weight, depending on the recommended doses of drugs. Primary and secondary packaging thus plays a major role in the drug supply chain management. Different types of packaging robots are developed with varied payload capacity, vision technology, and arm-flexibility," says Sushmit
Global packaging robots market by electronics and semiconductor industry
The electronics and semiconductor industry accounted for the third largest share in the global packaging robots market. This industry is involved in the manufacturing of highly sensitive electronic and semiconductor components such as integrated circuits, micro and macro chips, and sensors.
The electronics and semiconductor industry also manufactures components for other industries such as the automotive and consumer durables industries. Also, this industry focuses on high precision that ensures the quality of products and enhanced safety. The increase in disposable income due to lifestyle changes has resulted in the growing adoption of high-end electronic products such as televisions, refrigerators, music systems, laptops, and washing machines.
The top vendors highlighted by Technavio's research analysts in this report are:
- ABB
- FANUC
- KUKA
- Universal Robotics
- Yaskawa Motoman
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