DUBLIN–(BUSINESS WIRE)–The “Packaging Robots Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s providing.
The international packaging robots market is anticipated to develop from US$ 3,945.43 million in 2021 to US$ 8,448.21 million by 2028; it’s estimated to develop at a CAGR of 11.49% throughout 2021-2028.
Packaging is a crucial process in manufacturing amenities, particularly those who produce items for the buyer market. The set up of a robotic packaging system will increase flexibility and improves the packaging line’s general manufacturing. Furthermore, packaging robots can work in a spread of temperatures and take up considerably much less ground space than folks. Increased demand for numerous gadgets is forcing enterprises to deal with bettering manufacturing effectivity and implementing higher operations administration. The implementation of robotic automation in packaging items may help obtain general tools effectivity (OEE), which is a obligatory want for lengthy-time period manufacturing effectivity. Robotic set up in packaging traces improves excessive-velocity effectivity of product choosing, packing, and palletizing by lowering bodily dexterity.
Additionally, due to rising demand, a substantial quantity of investments have been recorded within the robotics area. According to the surveys, the demand for robots was fueled by investments in new manufacturing capabilities and the modernization of industrial premises. Factors like the event of vitality-environment friendly packaging programs and fierce competitors in all main manufacturing markets have made it potential to spend money on packaging robotic know-how across the globe.
To curb the unfold of the virus, all financial actions within the area have been partially halted. The COVID-19 pandemic severely affected the gross sales of automation options, resembling robotics, within the area. The lengthy-time period demand prospects are anticipated to present appreciable progress as governments prioritize the adoption of automation within the area by specializing in new edge applied sciences, resembling synthetic intelligence (AI), machine studying, deep studying, 3D printing, and machine imaginative and prescient. These elements are doubtless to create favorable progress of the packaging robots market in Middle East & Africa within the subsequent 3 to 4 years.
The general packaging robots market dimension has been derived utilizing each main and secondary sources. To start the analysis course of, exhaustive secondary analysis has been carried out utilizing inner and exterior sources to receive qualitative and quantitative data associated to the market. The course of additionally serves the aim of acquiring an outline and forecast for the packaging robots market with respect to all of the segments.
It additionally gives the overview and forecast for the market primarily based on all of the segmentation supplied with respect to 5 main areas – North America, Europe, Asia Pacific, Middle East and Africa, and South America. Also, main interviews have been carried out with trade members and commentators to validate knowledge and acquire extra analytical insights into the subject. The members of this course of embody trade consultants resembling VPs, enterprise improvement managers, market intelligence managers, and nationwide gross sales managers, together with exterior consultants resembling valuation consultants, analysis analysts, and key opinion leaders, specializing within the packaging robots market.
Key Market Dynamics
Market Drivers
- Rising Demand for Packaging Robots from Several Industries
- Growing Demand for Reducing the Overall Operation Costs Across Packaging Sector
Market Restraints
- High Deployment Cost of Packaging Robots
Market Opportunities
- Increased Demand for High Degree Automation
Future Trends
- Intelligent Modernization and Adoption of Vision Sensor Technology
- Impact Analysis of Drivers and Restraints
Companies Mentioned
- ABB
- Brenton, LLC
- Fanuc Corporation
- Krones AG
- Kuka AG
- Mitsubishi Electric Corporation
- Remtec Automation, LLC
- Syntegon Technology GmbH (Bosch Packaging Technology)
- Schneider Electric SE
- Yaskawa Electric Corporation
For extra details about this report go to https://www.researchandmarkets.com/r/rkfsya
https://www.businesswire.com/information/dwelling/20220223006086/en/Global-3945.43-Million-Packaging-Robots-Market-to-2028-Intelligent-Modernization-and-Adoption-of-Vision-Sensor-Technology—ResearchAndMarkets.com
