Forecast predicts the Packaging Robotics Industry to be Valued at $7.5 Billion by 2032.
According to research from Fact.MR, a provider of market research and competitive intelligence, the market for packaging robots worldwide is estimated to be worth $3.8 billion in 2022 and is expected to reach $7.5 billion by 2032. Additionally, the market is anticipated to grow at a steady rate of 7 percent annually between 2022 and 2032.
Robots for packaging are versatile pieces of technology that are made to accomplish time-consuming duties in a more efficient, effortless, and affordable way.
These machines are easy to use with their integrated controls, user-friendly interfaces, and advanced software and sensors. Their biggest strengths are their versatility, precision, and reliability.
Robotic technology has the ability to perform various functions associated with packaging such as selecting and positioning items, boxing, organizing onto pallets, and storage in warehouses.
Lots of companies like to use packaging robots as they make the supply chain work better, packing more things in less time, and keep costs down. These robots use the right tools at the end of their arms to get the job done.
Packaging robots come in various sizes, payloads, reaches, and mounting styles. It is easy to incorporate packaging robots into any workspace.
Vacuum grippers use a vacuum to generate suction force. They are utilized in several applications, such as fitting, wrapping, and moving items.
Manufacturers in the food and beverage industry are now transitioning from conventional assembly line methods to fully automated assembly lines in order to create both standard packaging and tailored packaging.
This advocates for utilizing packaging robots equipped with vision technology, which are extremely popular for tasks on the assembly line. The deployment of packaging robots to mechanize these activities provides excellent quality, quickness, reliability, and precision for primary as well as secondary functions.
Essential Insights Gained from Market Research
The leading enterprises in the packaging robots industry are set to undertake research and development endeavors aimed at producing distinct robotic packaging solutions to cater to the growing demand from factories worldwide.
Major firms are expected to launch cutting-edge products to ensure a dependable pick-and-place process in the workplace as smart factories progress, and industrial automation is implemented.
An example would be when Fanuc, a major robot creator, launched the R-2000id robot last year with built-in cables. The robot has top-notch functions like selecting and placing, automated inspection, and even packaging.
Major players in the market are focusing on expanding their customer reach globally. Leading vendors are offering innovative robotic machinery that can perform multiple functions including picking, palletizing, and packing simultaneously.
An example of this would be the acquisition of Bosch Packaging Technology's machinery division located in Germany by Syntegon Technology in 2020.
