Asia Pacific Packaging Robots Market

Market Introduction

Packaging robots are the technologies used to automate the packaging operations across different industries such as consumer goods, consumer electronics, pharmaceuticals, e-commerce, food & beverage, chemicals, and personal care products sector. These robots are designed primarily for packaging operations such as material handling, moving or packing goods, sealing & labelling, and other tasks in order to sustain consistency, quality, and accuracy in packaging operations. There are primarily four different types of packaging robotic technologies used across different industries for packaging automation. This includes articulated robots, Cartesian robots, SCARA robots, and delta robots which are also called parallel link robots

Market Overview and Dynamics

The Asia Pacific packaging robots market is expected to reach US$ 4,019.41 million by 2028 from US$ 1,706.58 million in 2021; it is estimated to grow at a CAGR of 13.02% from 2021 to 2028. Major factors driving the growth of the market are the increased demand for high degree automation and intelligent modernization, and the adoption of vision sensor technology. However, the high deployment cost of packaging robots hampers the market growth.

Packaging is a critical procedure in manufacturing facilities, especially those that produce goods for the consumer market. The installation of a robotic packaging system increases flexibility and improves the packaging line's overall production. Furthermore, packaging robots can work in different temperatures and require significantly less floor area than people. Increased demand for various items forces enterprises to improve production efficiency and implement better operations management. Implementing robotic automation in packaging units can help achieve overall equipment efficiency (OEE), which is necessary for long-term production efficiency. Robotic installation in packaging lines improves the high-speed efficiency of product selection, packing, and palletization by reducing physical dexterity. Additionally, due to rising demand, many investments have been recorded in robotics. According to the surveys, the demand for robots was fueled by investments in new production capabilities and the modernization of industrial premises. Factors such as the development of energy-efficient packaging systems and fierce competition in all major manufacturing markets have made it possible to invest in packaging robot technology around the globe. Furthermore, it improves equipment efficiency while lowering operating costs and providing exceptional returns on investment. As a result, the value-added benefits of robotic automation are contributing to the growth of the robot automation market. Moreover, since robotic packaging is commonly employed across various industries, such as food & beverages and pharmaceuticals, the growth of the end-user industries would augment the packaging robot market in the future.

Several economies in Asia Pacific witnessed a sharp decline in their GDP in 2020 due to the sudden closedown of all economic activities across all countries. Asia Pacific is the manufacturing hub of automobiles, consumer electronic products, and semiconductors. The disruptions in supply chain negatively impacted many companies in the region. Consequently, the robot shipments showed the sharpest decline of all times in 2020. China and India are the most badly affected economies in the region due to the large population and overwhelming pressure on the healthcare system. South Korea and Singapore also imposed several lockdowns to contain the virus spread. However, the long-term impact of the COVID-19 pandemic on the region would propel the demand for robots in manufacturing facilities, which is expected to provide positive outlook for the packaging robot players during the forecast period.

Key Market Segments

Based on industry verticals, the Asia Pacific packaging robots market is segmented into food & beverages, pharmaceuticals, consumer electronics, and others. The food & beverages segment held the largest market share in 2021. However, the pharmaceuticals segment is anticipated to register the highest CAGR during the forecast period.

Based on application, the Asia Pacific packaging robots market is segmented into primary packaging, secondary packaging, and tertiary packaging. In 2021, the primary packaging segment held the largest market share. However, the secondary packaging segment is expected to register the highest CAGR from 2021 to 2028.

Major Sources and Companies Listed

Mitsubishi Electric Corporation, Fanuc Corporation, and Krones AG are among the key players operating in the Asia Pacific packaging robots market.

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of Asia Pacific packaging robots market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the Asia Pacific packaging robots market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific packaging robots market.

ASIA PACIFIC PACKAGING ROBOTS MARKET SEGMENTATION

By Industry Verticals

• Food & Beverages
• Pharmaceuticals
• Consumer Electronics
• Others

By Application

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Country

• China
• Japan
• India
• Australia
• Rest of Asia Paciifc

 Company Profiles

• ABB
• Fanuc Corporation
• Krones AG
• Kuka AG
• Mitsubishi Electric Corporation
• Syntegon Technology GmbH (Bosch Packaging Technology)
• Schneider Electric SE
• Yaskawa Electric Corporation

Asia Pacific Packaging Robots Market Strategic Insights

Asia Pacific Packaging Robots Market Segmentation Analysis

Asia Pacific Packaging Robots Market Report Highlights

Asia Pacific Packaging Robots Report Scope

Asia Pacific Packaging Robots Market Country and Regional Insights