Packaging robots: Key market research findings
- APAC dominates the market geographically
- Pharmaceutical end-user vertical is the fastest growing segment
- Key vendors – ABB, FANUC, KUKA, and Yaskawa
Technavio’s market research analysts predict the global packaging robots market to grow at a CAGR of over 9% between 2016 and 2020. The growth of the market is augmented by the increase in cumulative savings brought about by the adoption of robots. Packaging robots, such as SCARA and Delta robots, are flexible and can be programmed to adapt to new production lines. The margin of error in operations is less compared to manual labor, and the functioning of these robots can be extended without any supervision. These robots also lessen product failure and wastage. During 2015, APAC dominated the global packaging robots market with a market share of more than 62%. Rising labor costs coupled with the need to improve productivity is expected to propel growth in the packaging robots market in APAC by 2020.
The new market research report from Technavio presents a breakdown and analysis of the packaging robots segments based on the end-user.
“Of late, the market is witnessing an increase in the deployment of assistive robots in e-commerce fulfillment centers. Major e-commerce retailers such as Amazon, Apple, Dell, and Walmart are embodying smart robotics technology in the warehouse and delivering operations. Robotics is expected to be adopted in e-commerce retailers’ logistics operations in the coming years for improved packaging and faster delivery application. Packaging quality and efficient delivery are the major points of difference for e-commerce retailers competing with the bricks and mortar retailers,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
The pharmaceutical end-user segment is expected to showcase the fastest growth in the market with a CAGR of more than 10%. In the pharmaceutical industry, packaging robots are deployed for processes such as packaging, R&D, and production. The rapidly aging population of countries, such as China, Japan, and the US triggers a need for sophisticated medical devices and new effective drugs, spurring an increase in the adoption of packaging robots. Flexibility and accuracy of robots allow the production line to run smoothly, while consequently packaging products at a higher speed than fixed automation system.
The key vendors in the global packaging robots market include ABB, FANUC, KUKA, and Yaskawa. The packaging robots market consists of several entities that govern the developments of hardware, software and allied components and solutions providers due to the different level of integration requirements and installation. The manufacturers of packaging robots include the allied components, technology, and software either through in-house development or from independent entities. They are solely responsible for the integration of the systems, testing, and commercializing these products into the market. Intense competition prevails in this market where the regional vendors are posing a serious threat to the international players by offering new products at competitive prices.
A more detailed analysis is available in the Technavio report, Global Packaging Robots Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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