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)
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
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Market Overview and Dynamics
The South America packaging robots market is expected to reach US$ 596.06 million by 2028 from US$ 288.51 million in 2021; it is estimated to grow at a CAGR of 10.92% from 2021 to 2028. The major factors driving the growth of market are the rising demand for packaging robots from several industries and growing demand for reducing the overall operation costs across packaging sector. However, the high deployment cost of packaging robots hampers the market growth.
Growing customer demand for high-quality goods has resulted in advancements in manufacturing technology. The food and beverage, trucking and logistics, and fast-moving consumer goods (FMCG) businesses are all focused on getting products to customers in a short amount of time, which has boosted robotic packaging use. Packaging robots has been a great potential in food and beverage industry. The deliberate integration of technology across various processes in the food and beverage industry is known as automation. Food firms are adopting vision-directed robotic arms, automated guided vehicles, delta robots, and advanced inspection systems to streamline and optimize their processes. Moreover, the perception among industries to substitute manual labor with automation is gaining more traction. Automated robots do not get sick or slack off, works faster than humans. Coupled with these factors the on-job performance by automated robot is always consistent, productive, and error-free. Therefore, their demand across the manufacturing industry is increasing. Additionally, due to the rapid growth of the e-commerce sector, picking and placement is the fastest growing application, and the e-commerce industry accounts for the majority of demand for packaging robots. Picking robots are commonly used in the e-commerce industry for order fulfilment as manually picking of items is associated with lot of time and cost. High growth of e-commerce industry across the globe is another major factor propelling the growth of picking and packaging robots. E-commerce industry is expected to grow at a robust growth rate at ~20% over next couple of years Factors such as expanding Internet and smartphone usage, increasing reliance on social media to promote e-commerce platforms, growing omni-channel business models, and the introduction of new payment mechanisms are all driving the e-commerce sector. Also, automation provides enormous growth prospects for businesses in the e-commerce industry. As a result, the packaging robot market will grow in tandem with the e-commerce industry. Furthermore, the demand for and sale of industrial packaging robots is expected to increase as firms place a greater emphasis on precision, speed, and quality in supply chain activities. In addition, as the level of automation across a range of end-use industries grows, autonomous robots have the ability to construct an upward growth trend in developing countries. Lastly, practicality and innovation may open up new application zones, ushering in the 2.0 wave of the current phenomenon.
Brazil recorded the highest number of COVID-19 confirmed cases across South America in 2020, followed by Ecuador, Chile, Peru, and Argentina. To curb the spread of the virus, all economic activities in the region were partially halted. COVID-19 pandemic severely affected the sales of automation solutions, such as robotics. The long-term demand prospects are expected to show considerable growth as governments prioritize the adoption of automation in South America by focusing on new edge technologies, such as Artificial ntelligence, machine learning, deep learning, 3D printing, and machine vision. These factors are likely to drive the South America packaging robots market growth in the next three to four years.
Key Market Segments
Based on industry verticals, the South America 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 South America 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
ABB, Fanuc Corporation, and Krones AG are among the key players operating in the South America packaging robots market.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of South America packaging robots market over the next years.
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- 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 South America 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 South America packaging robots market.
SOUTH AMERICA PACKAGING ROBOTS MARKET SEGMENTATION
By Industry Verticals
- Food & Beverages
- Pharmaceuticals
- Consumer Electronics
- Others
By Application
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- ABB
- Fanuc Corporation
- Krones AG
- Kuka AG
- Mitsubishi Electric Corporation
- Syntegon Technology GmbH (Bosch Packaging Technology)
- Schneider Electric SE
- Yaskawa Electric Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Packaging Robots Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. Packaging Robots Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Packaging Robots from Several Industries
5.1.2 Growing Demand for Reducing the Overall Operation Costs Across Packaging Sector
5.2 Market Restraints
5.2.1 High Deployment Cost of Packaging Robots
5.3 Market Opportunities
5.3.1 Increased Demand for High Degree Automation
5.4 Future Trends
5.4.1 Intelligent Modernization and Adoption of Vision Sensor Technology
5.5 Impact Analysis of Drivers and Restraints
6. Packaging Robots Market –Europe Analysis
6.1 Packaging Robots Market Europe Overview
6.2 Packaging Robots Market –Europe Revenue and Forecast to 2028 (US$ Million)
7. Packaging Robots Market Analysis – By Industry Verticals
7.1 Overview
7.2 Packaging Robots Market Breakdown, By Industry Verticals (2020 and 2028)
7.3 Food & Beverages
7.3.1 Overview
7.3.2 Food & Beverages: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.5 Consumer Electronics
7.5.1 Overview
7.5.2 Consumer Electronics: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8. Packaging Robots Market Analysis – By Application
8.1 Overview
8.2 Packaging Robots Market Breakdown, By Application (2020 and 2028)
8.3 Primary Packaging
8.3.1 Overview
8.3.2 Primary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8.4 Secondary Packaging
8.4.1 Overview
8.4.2 Secondary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8.5 Tertiary Packaging
8.5.1 Overview
8.5.2 Tertiary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
9. Packaging Robots Market – Europe Analysis
9.1 Europe: Packaging Robots Market
9.1.1 Europe: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: Packaging Robots Market- by Industry Verticals
9.1.3 Europe: Packaging Robots Market- By Application
9.1.4 Europe: Packaging Robots Market- by Key Country
9.1.4.1 France: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 France: Packaging Robots Market- by Industry Verticals
9.1.4.1.2 France: Packaging Robots Market- By Application
9.1.4.2 Germany: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Germany: Packaging Robots Market- by Industry Verticals
9.1.4.2.2 Germany: Packaging Robots Market- By Application
9.1.4.3 Italy: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Italy: Packaging Robots Market- by Industry Verticals
9.1.4.3.2 Italy: Packaging Robots Market- By Application
9.1.4.4 UK: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 UK: Packaging Robots Market- by Industry Verticals
9.1.4.4.2 UK: Packaging Robots Market- By Application
9.1.4.5 Russia: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Russia: Packaging Robots Market- by Industry Verticals
9.1.4.5.2 Russia: Packaging Robots Market- By Application
9.1.4.6 Rest of Europe: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Rest of Europe: Packaging Robots Market- by Industry Verticals
9.1.4.6.2 Rest of Europe: Packaging Robots Market- By Application
10. Impact of COVID-19 Pandemic on Europe Packaging Robots Market
10.1 Europe
11. Europe Packaging Robots Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 ABB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fanuc Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Krones AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Kuka AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mitsubishi Electric Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Syntegon Technology GmbH (Bosch Packaging Technology)
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schneider Electric SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Yaskawa Electric Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe: Packaging Robots Market- by Industry Verticals – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Packaging Robots Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Packaging Robots Market Segmentation
Figure 2. Packaging Robots Market Segmentation – By Country
Figure 3. Europe Packaging Robots Market Overview
Figure 4. Food & Beverages Segment Held the Largest Market Share in 2020
Figure 5. Primary Packaging Segment Held the Largest Market Share in 2020
Figure 6. Germany was the Largest Revenue Contributor in 2020
Figure 7. PEST Analysis – Europe
Figure 8. Expert Opinions
Figure 9. Packaging Robots Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Packaging Robots Market Breakdown, By Industry Verticals (2020 and 2028)
Figure 12. Food & Beverages: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pharmaceuticals: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Consumer Electronics: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Packaging Robots Market Breakdown, By Application (2020 and 2028)
Figure 17. Primary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Secondary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Tertiary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Packaging Robots Market Revenue Share, By Industry Verticals (2020 and 2028)
Figure 22. Europe: Packaging Robots Market Revenue Share, By Application (2020 and 2028)
Figure 23. Europe: Packaging Robots Market Revenue Share, By Key Country (2020 and 2028)
Figure 24. France: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Germany: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets- ABB
- Fanuc Corporation
- Krones AG
- Kuka AG
- Mitsubishi Electric Corporation
- Syntegon Technology GmbH (Bosch Packaging Technology)
- Schneider Electric SE
- Yaskawa Electric Corporation
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