Packaging Robots Market Gains Traction, Says Allied Market Research in Its Insightful Research Study Available at MarketPublishers.com06 Oct 2017 • by Natalie Aster
LONDON – At present, robots play a vital role in the packaging industry; they help to reduce manual workforce and also increase production throughput. Robots provide accuracy and flexibility in such application as filling, cartooning, de-palletizing and tray packaging.
Rising adoption of robots to increase efficiency in the packaging sector, enhancing need for automation across various industries and cost reduction advantages are predicted to propel growth in the packaging robots market in the years ahead. Meantime, lack of skilled labor and high initial costs could restrain growth in the packaging robots market to some extent.
Further, uptake in e-commerce and retailing sectors and ongoing advancements in the robotic industry are projected to create further growth opportunities in the short run.
The food and beverage industry accounted for the largest revenue share in the past year due to high adoption of robots for packaging high orders.
APAC presents the most rapidly growing market for packaging robots across the globe, with China grabbing the biggest share of the regional market.
Some of the prominent companies operating in the packaging robots field include ABB Limited, Fanuc Corporation, Krones AG, Schneider Electric SE, Mitsubishi Electric Corporation, Yaskawa America, Bosch Packaging Technology, Brenton Engineering, Remtec Automation LLC and Kuka Roboter GmbH.
Insightful research report “Packaging Robots Market by Gripper Type, Application and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023” elaborated by Allied Market Research gives a profound analysis of the world’s packaging robots market, identifies potential investment opportunities, discusses current and emerging trends, evaluates the market growth potential and also reviews the major forces restraining and driving the market growth. Besides, this topical study includes reliable historical and present industry performance estimates and statistics, provides a detailed analysis of the market segmentation, contains Porter’s Five Forces analysis, highlights the key market entry barriers, describes competitive landscape and offers an all-round future outlook for the packaging robots market up to 2023.
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