Africa Baby Care Products Market - Infinium Global Research Packaging Robot Market -IGR 2023 | Page 2

The report on Packaging Robot Market by application (picking, packing, palletizing), gripper type (claw, clamp,
vacuum), end-use industries (food & beverages, pharmaceuticals, consumer products, tracking & logistics,
industrial packaging, chemicals, electronics devices) trends analysis and forecasts up to 2023 studies the
market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-
Pacific, Rest of the World. According to the report the Global Packaging Robot Market is projected to grow at a
CAGR between 13.8% to 14.1% in terms of value over the period of 2017-2023. The growth in the world
market is primarily driven by significant contribution by North America (Leading region) region to this market.
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Market Insights
The report identified that the packaging robot market is driven by factors such as, growing demand for
packaging robot from various end use industries, high accuracy, and superior efficiency of packaging robots.
On the other hand, the restraining factors identified in the study include lack of skilled labour, huge initial
capital investment.
Growth of the global robotic industry and continuous growth in e-commerce and retail sector in the Asia
Pacific provide opportunity for major players in the emerging and developing economies. Improving the
awareness about robot packaging for products among general public in non-developed markets is a challenge
for the major players to expand further during the forecast period.
Segments Covered:
The report segments the packaging robot market on the basis of application, gripper type, end-use industries
and region. The market size of each segment has been provided in terms of value (USD) and volume (tons).
The market segments, by application include picking, packing and palletizing. The market segments by gripper
type claw, clamp, vacuum, and other. The market segments, by end-use industries include food and
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