Kenneth Research released a report on Packaging Robot Market consisting of detailed analysis of the market and industry insights over the forecast period of 2022-2031. The latest trends and business opportunities in the market are discussed in the report on the basis of analysis of the market value and calculation of the CAGR during the forecast period. The market is anticipated to grow at a significant CAGR over the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Packaging Robot Market Products.
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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
In this report, the global packaging robot market was estimated as USD 1.42 billion in 2015 and is expected to grow significantly with a CAGR of over 13% over the forecast period.
“Packaging Robot Market”, published by Xpodence Research, provides extensive insight and analysis of the Packaging Robot Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Packaging robots are automated control and versatile machine designed for prompt delivery of products, and primary & secondary packaging. The markets have a wide range of robot sizes, payload, mounting options, and reachability. Few factors associated with packaging robots are labor cost reduction, reduced packaging time, and ability to lift bulky packages.
Growing manufacturing sector, rising automation in packaging industry are expected to be the key factors driving the global packaging robot market. Moreover, continuous development in robotics technology, and constant growth in retail and e-commerce sector will also influenced packaging robot industry positively. Furthermore, growing manufacturing industries and requirement for advanced technology for decreasing the delivery time is projected to create lucrative opportunities for the packaging robot industry.
Increasing application of automation in e-commerce, food & beverage, automotive and healthcare for increasing the process efficiency and meeting the requirements. Growth in industrialization and increasing need for automation for reducing costs and waste and enhancing the production efficiency is also positively influencing the industry. Increasing deployment of packaging robots in FMCG and food & beverage sector has led to the significant demand in Asia Pacific countries such as China, India, Japan, and South Korea.
The report includes –
Segmentation: On the basis of application, this report displays the revenue, market share and growth rate of each type, primarily split into
o Case Packing
o Tray Packing
o Case Palletizing
o Bag Palletizing
On the basis on the end-user, this report focuses on the status and outlook for major applications, market share and growth rate for each end-user industry, including
• Food & Beverages
• Consumer Products
• Tracking & Logistics
• Industrial Packaging
• Electronics and Semiconductor
Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of Packaging Robot Market for these regions, from 2015 to 2025 (forecast)
• North America: U.S., Rest of North America
• Europe: Germany, France, UK, rest of Europe
• Asia Pacific: China, Japan, India and Rest of Asia Pacific
• Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
• Latin America: Brazil and Rest of Latin America
Key players: Overview of market leaders in Packaging Robot Market by top manufacturers/players, with Packaging Robot Market revenue (Billion USD) and market share for each manufacturer/player; the top players including Fanuc, KUKA Robotics, Yaskawa Electric America, Okura USA, Adept Technology, Motoman, AFAST Robotics, Denso Robotics, Panasonic, Intelligent Actuator, BluePrint Automation, A-B-C Packaging Machine, Bosch Rexroth, Yamaha Robotic, Fuji Yusoki Kogyo, and Epson Robots.Thermoform material minimizes the packaged weight by more than 50% as compared with the conventional injection-molded plastic or glass packaging products. Packaged weight reduction also aids in efficient shipping. Manufacturers are developing advanced thermoform machine technology to enhance machine cycle speed and deliver better output rates in order to meet the continuous demand from end-users.
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Packaging Robot Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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