Report : Europe Packaging Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Industry Verticals (Food & Beverages, Pharmaceuticals, Consumer Electronics, and Others) and Application (Primary Packaging, Secondary Packaging, and Tertiary Packaging)
The food & beverages segment by industry verticals is estimated to lead the market growth during the forecast period.
According to a new market research study of “Europe Forecast to 2028 - COVID-19 Impact and Regional Analysis by Industry Verticals, Application, and Country.” The Europe packaging robots market is expected to reach US$ 1,672.32 million by 2028 from US$ 787.04 million in 2021; it is estimated to grow at a CAGR of 11.37% from 2021 to 2028. The report highlights trends prevailing in the Europe packaging robots market and the factors driving market along with those that act as hindrances
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 various applications, such as 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 influence the purchase patterns of customers. Also, counterfeit items are a common problem for manufacturers in the food & beverages, pharmaceuticals, and FMCG industries. Packaging robots are reliable and give high-quality branding information via labeling. After products are packaged, a unique identification code is generated, which aids in product tracking along the supply chain. Moreover, flexibility is the main benefit of robotics in the packaging sector. 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 who need 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. Owing to their high precision, they're a good fit for various packaging and supply chain tasks. Also, product quality and cycle time can be improved using robot packaging equipment. As robotic actions are regulated, their consequences are always consistent, which enhances packing quality. The packaging procedures can run smoothly because of this consistency.
The impact of COVID-19 outbreak differed from country to country across Europe as selected countries witnessed an increase in the number of COVID-19 cases and subsequently attracted strict and extended lockdown periods or social isolation. The automotive industry in Europe was severely hit and witnessed an overall automotive production decline by over 20% from 2019 to 2021 due to severe supply chain disruption caused by lockdowns. The automotive industry is the largest end-use market for industrial robots. Hence, decline in the growth of the industry lowered the demand for industrial automation solutions during 2020 as companies halted significant investments. However, with the growing demand for electric vehicles in the region, the outlook post COVID-19 pandemic for the automotive industry seems favorable. A few of the other sectors that deploy robots are electric/electronics, metals and machinery, food & beverages also witnessed a sharp decline in the demand. The demand is expected to recover by 2022, with companies investing in making operations efficient and productive.
Based on industry verticals, the Europe packaging robots market is segmented into food & beverages, pharmaceuticals, consumer electronics, and others. Based on application, the Europe packaging robots market is segmented into primary packaging, secondary packaging, and tertiary packaging. Geographically, the Europe packaging robots market can be segmented into Germany, Italy, Russia, France, UK, and Rset of Europe
ABB, Fanuc Corporation. Krones AG, Kuka AG, Mitsubishi Electric Corporation, Syntegon Technology GmbH (Bosch Packaging Technology), Schneider Electric SE, Yaskawa Electric Corporation are among the leading companies operating in the Europe packaging robots market.
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