Packaging robots market analysis

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2. PACKAGING ROBOTS MARKET ANALYSIS • Packaging Robots Market, By Gripping Type (Clamp Type, Claw Type, Vacuum and  Others) By Application (Picking, Packing (Tray, Cases  and Other), Palletizing (Case Palletizing, Bag Palletizing and De-palletizing)), By End-use Industry (Food, Beverages, Cosmetics & Personal Care, Pharmaceuticals, Tracking, Logistics & Transport , Chemical Manufacturing, Consumer, Goods  and Other End Use Industries) , and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Overview • Packaging robots are specialty robots with high flexibility and capabilities to reprogram, automatic control, multipurpose applications with three or more axes, which may be either fixed in place or mobile for use in industrial operations such as picking, packing and palletizing. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing. Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and ability to lift larger packages. These robots are used in various industries including pharmaceutical, chemicals, food and beverages, electronics, warehouses, consumer product manufacturers, etc. • The global packaging robots market was valued for US$ 2,646.1 Mnin 2019 is expected to exhibit a CAGR of 14.1% during the forecast period

4. Market Dynamics- Drivers • Growing need for intelligent modernization of manufacturing facilities to augment production efficiency is expected to drive growth of the global packaging robots market during the forecast period • In developed countries, industrial infrastructure is aging at a rapid pace. According to Coherent Market Insights’ analysis, in the U.S., around 60% of industrial infrastructure is over 25 years old. Increasing demand for different goods is compelling manufacturers to lay emphasis on improving production efficiency and exercise enhanced operation management operations. Overall equipment efficiency (OEE) is an indispensable requirement of sustainable production efficiency, which can be achieved by adoption of robotic automation in packaging units. Robotic installation in packaging lines reduces manual dexterity and enhances high-speed efficiency of product picking, packing and palletizing. Moreover, it provides increased equipment efficiency at low operational costs and offers excellent returns on investment. Therefore, value-added benefits offered by robotic automation are expected to drive the market growth during the forecast period. • Increasing demand for high-degree automation in packaging line is expected to propel the global packaging robots market growth over the forecast period • In manufacturing facilities, the packaging is a crucial process, typically for facilities engaged in manufacturing of goods supplied to the consumer market. Installation robotic packaging system enhances flexibility and optimizes the overall output of the packaging line. Moreover, packaging robots can function under different temperature ranges and occupy far less floor space compared to humans. Robotic packaging is typically used for primary and secondary packaging applications across food and beverages and pharmaceutical industries. This, in turn, is expected to boost the global packaging robots market growth in the near future. • Asia-Pacific region dominated the global packaging robots market in 2019, accounting for 74.7% share in terms of volume, followed by Europe and North America, respectively

5. Market Dynamics- Restraints • High capital investment is expected to hamper the global packaging robots market growth during the forecast period • Installation of an automated packaging system in a new line of packaging or in existing line requires substantial capital investment. Food and beverage industry is a highly fragmented sector with a large presence of small- and medium-sized manufacturers with extensive product offerings. These manufacturers are reluctant to install packaging robots since they are no feasible due to high capital investment for installation and maintenance. Moreover, other industries such as consumer products and tracking & logistics industries are controlled by local manufacturers and distributors, who usually do not have the capital to invest in automation of their facilities. Hence, these factors are expected to hamper the market growth over the forecast period. • Lack of skilled labors in high potential market is expected to hinder the global packaging robots market growth during the forecast period • According to Coherent Market Insights’ analysis, Food and beverage industry is the major end-use industry for packaging robots, accounting for 40% packaging robots manufactured worldwide. However, adoption of automation in packaging lines is relatively low in emerging economies such as China and India as compared to Western counterparts. This is typically due to the manufacturer’s hesitation to change established work practice and dearth of skilled laborers. Moreover, a highly skilled team of personnel is required for maintenance operation for proper functioning. Thus, dearth of team of skilled professionals and the availability of cheap labor force in these countries is expected to hinder the global packaging robots market growth in the near future.

6. Market Opportunities • Growing focus on end-use industries on quality, product safety, and shelf life can provide major growth opportunities • Growing consumer inclination towards high-quality products has resulted in enhancements in technologies used in manufacturing industries. Food and beverages, trucking and logistics, and fast-moving consumer goods (FMCG) industries are focused on delivering products on short span of time to consumers, which has increased the adoption of robotic packaging. Installation of sophisticated automation systems provides excellent control over product placing & handling, product inspection, quality control, metal detecting, weighing, and barcode reading. • Rising emphasis on branding strategies is expected to present lucrative business opportunities • Product branding and packaging plays a vital role for manufacturers in sustaining in the highly competitive market. Customers’ purchasing pattern highly depends upon packaging, brand name, content, and price. Manufacturers in food and beverage, pharmaceutical and FMCG industries often face issues such as counterfeit products. Packaging robots are consistent and provide quality of branding information through labeling function. This provides a unique identification code after packaging of products, which helps to track the product throughout the supply chain.

7. Market Trends • Advent of collaborative robots • Collaborative robot refers to human-robot collaboration, in which robots and humans work in close collaboration. The robot can understand human instructions including voice, gestures, etc. and commence operations accordingly. Moreover, the use of collaborative robots facilitate high efficiency in the operation and ensures safety of human. In fact, robots while working with humans slow down the movement or pause the operation if it detects humans in its path. • Adoption of vision sensor technology • Vision sensor technology plays a vital role as it can detect the size, shape, and color of the package and can verify whether the labeling and code of the package is correct or not. If not, the package is automatically discarded and removed from the packaging line. It enhances the efficiency of the packaging process by detecting irregularities in the process accurately. Growing demand for vision sensor technology will be instrumental in increasing the competition among the vision sensor technology providers in the coming years. • Segment information: • In global packaging robots market, by gripper technology segment, vacuum sub segment dominated the global market in 2019, accounting for 30.0% share in terms of value

8. Competitive Section • Key players operating in the global packaging robots market are Mitsubishi Electric Corporation, Remtec Automation, LLC, Bosch Packaging Technology, Schneider Electric SE, KUKA Roboter GmbH, Brenton LLC, FANUC Corporation, Krones AG, Yaskawa Electric Corporation, and ABB Ltd. • Key Developments • Key players in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in May 2019, Mitsubishi Electric Corporation acquired ICONICS Inc., a U.S.-based software company focused on supervisory control and data acquisition (SCADA). • Major companies in the market are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in January 2020 Syntegon Technology acquired Bosch Packaging Technology’s packaging machinery business based in Germany.

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