Packaging Robot Market Research Report and Forecast up to 2024 Packaging Robot Market - Global Industry Analysis,

Packaging Robot Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Manufacturing sector in recent years have largely emphasized on the development
of the functions and adopting processes that are precise, efficient and safe. Use of
robots have become an integral part, particularly in packaging operations at
production facilities, on the backdrop of facility operators urge to boost production
efficiency. Furthermore, robots ensure cost savings and achieve production targets
and are certainly very important when the demand of products is increasing
steadily. The use of robotics is now an integral part of strategy adopted by
multinational as well as domestically operating companies. Among various
operations performed by robots with respect to packaging, picking packing and
palletizing are the most important.
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The growth in different manufacturing industries, along with the increasing concerns
over safety and overall equipment effectiveness (OEE) is anticipated to catapult the
growth of packaging robot industry worldwide. Packaging robot manufacturers on
the other hand also introducing packaging robots with advanced technological
features such as incased operational speed, high precision and efficiency. These
manufacturers have started to design packaging robots as per industries specific
requirements. One of the global leader in providing packaging robotic solution
introduced dedicated picking and packing robots for pharmaceutical application,
where robots can pick and place cartridges 2X faster than conventional packaging
robots that are currently in use. Packaging robot manufacturer’s interest in
launching robots with higher technology content is also adding to the increased
demand for packaging robots and thus driving global packaging robots market.
Since, different robots perform different application, the demand for application
specific robot is also reported to be different. In terms of application, picking robots
sales is expected to grow at higher CAGR than overall packaging robots sales
between 2016 and 2024, worldwide. Packing robots likely to remain attractive
market segment with demand projected to expand at a CAGR of over 14.5 % during
the same period. Increasing demand for industrial robots for pick and place and
packaging application is anticipated to augment the sale of packaging robot across
the globe.