Global Packaging Robots Market is estimated to reach $5 billion by 20 Global Packaging Robots Market

Global Packaging Robots Market growing at a CAGR of 14.6% from 2016
to 2024 Says Variant Market Research.
Global Packaging Robots Market is estimated to reach $5 billion by 2024; growing at a CAGR of 14.6%
from 2016 to 2024. Packaging robot is an automatically controlled multipurpose machine used in diverse
industries for improved and speedy delivery of products. These robots are used for primary and secondary
packaging which comprises case packaging, tray packaging, and vertical filling, among others. It has
various advantages such as no product damage and high accuracy. Growth in urbanization coupled with
rise in disposable income has increased the adoption of packaging robot across various industries.
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Growth in manufacturing industries, requirement for intelligent modernization to decrease product
delivery time, and increased demand for high automation in packaging line are the major factors driving
the global packaging robot market. However, high capital investment is a major challenge for market
players. Various innovative features such as high accuracy and low product damage offered by packing
robots would provide new business opportunities for the market in near future.
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