The packaging robots market size to reach $8,448.21 million by 2028 from $3,945.43 million in 2021 to grow at a CAGR of 11.49% during 2021–2028 driven by high degree automation in food and beverage, trucking and logistics and FMCG businesses, according to a new research study on Packaging Robots Market Size and Forecast to 2028.
The rising demand for packaging robots and growing demand for reducing the overall operational costs across the packaging sector are expected to be some of the major driving factors aiding the growth for packaging robots market. Growing customer demand for high-quality goods has resulted in advancements in manufacturing technology which is indirectly boosting the packaging robots market growth. The food and beverage, trucking and logistics, and fast-moving consumer goods (FMCG) businesses are all focused on getting products to customers in a short amount of time, which has boosted the adoption of technology in robotic packaging market globally. Automated robots do not get sick or slack off, works faster than humans. Additionally, due to the rapid growth of the e-commerce sector, picking and placement is the fastest growing application in the packaging robots market.
Picking & palletizing robots are commonly used in the e-commerce industry for order fulfilment as manually picking of items is associated with lot of time and cost. High growth of e-commerce industry across the globe is another major factor propelling the growth of packaging robots market. E-commerce industry is expected to grow at a robust growth rate at ~20% over next couple of years & hence aiding the growth for packaging robots market in that particular sector. Furthermore, high deployment costs for the deployment of technology is expected to be one of the major challenging factors of the global packaging robots market. Also, increasing demand for high-degree automation is expected to generate huge opportunities for market vendors during the forecast period in the global packaging robots market.
Packaging methods for consumer packaged goods must be precise and repeatable. Companies that use robotics in their packaging lines can improve throughput, efficiency, and quality. Individual packaging at high-cycle rates might be difficult. Robotics has proven to have a high return on investment in a variety of applications, including raw product handling, primary packaging, secondary packaging, and palletizing. Moreover, product branding and packaging are critical for producers to be competitive in today’s market. Packaging, brand name, content, and pricing all influence customers’ purchase patterns. Also, counterfeit items are a common problem for manufacturers in the food and beverage, pharmaceutical, and FMCG industries.
Packaging robots are reliable and give high-quality branding information via labelling. After products are packaged, a unique identification code is generated, which aids in product tracking along the supply chain. Moreover, the main benefit of robotics in packaging sector is that they offer no doubt in flexibility. Line machinists can adjust the contour of a case or pallet load with the push of a button. This highlights the flexibility needed to satisfy trade customers that need more and more tailored cargoes, while not losing the accompanying speed. Furthermore, robotic packaging systems such as pick-and-place robots are equipped with slim arms and a wide reach, as well as solid repeatability and precision tooling, enabling them to be exceedingly precise and accurate. Because of their high precision, they’re a good fit for a variety of packaging and supply chain tasks. Lastly, Product quality and cycle time can both be improved using robot packaging equipment. Because robotic actions are regulated, their consequences are always consistent, which enhances packing quality. The packaging procedures can run smoothly because of this consistency.
Impact of COVID-19 Pandemic
Several economies in Asia Pacific witnessed a sharp decline in their GDP in 2020 due to the sudden closedown of all economic activities across all countries. The region is the manufacturing hub of automobiles, consumer electronic products, and semiconductors. Also, many companies in the region were negatively impacted by the supply disruptions. Consequently, the robot shipments showed the sharpest decline of all times in 2020. China and India were the most badly affected economies in Asia Pacific due to the large population and overwhelming pressure on the healthcare system. South Korea and Singapore also imposed several lockdowns as stringent measures were required to contain the virus spread. However, the long-term impact of the COVID-19 pandemic on the region will propel the demand for robots in manufacturing facilities.
Intelligent Modernization and Adoption of Vision Sensor Technology to Propel Packaging Robots Market Growth in Coming Years:
Increased demand for a variety of products from manufacturing industries like food and beverage, pharmaceutical as well as from the ecommerce industry is prompting businesses to concentrate on improving production efficiency and implementing improved operations management. Robotic automation in packaging units achieves overall equipment efficiency, which is a requirement for long-term production efficiency. Furthermore, new innovations like human-robot collaboration are further contributing in the market growth. Human-robot collaboration, in which robots and people work together closely, is referred to as collaborative robot.
The robot can comprehend human commands, including speech, gestures, and so on, and begin activities accordingly. Furthermore, the employment of collaborative robots allows for maximum efficiency in operations while also ensuring human safety. In fact, if a robot senses humans in its path while working with humans, it slows down or stops the task. Moreover, Vision sensor technology is critical since it can detect the package’s size, shape, and color, as well as verify whether the labelling and code are valid. If not, the package is discarded and removed off the packaging line automatically. It improves the efficiency of the packaging process by correctly detecting abnormalities. In the next years, rising demand for vision sensor technology will help to increase competition among vision sensor technology vendors.