The global packaging robots market is expected to be worth $8.44 billion by 2028, growing at a CAGR of 11.49% from 2021 to 2028 according to a recent research study by The Insight Partners. The market was valued at $3.94 billion in 2021. The rapid growth of the packaging robots market can be attributed to the increasing demand for packaging robots across various industries and the need to reduce operational costs in the packaging sector.
One of the key drivers of the packaging robots market is the growing influence of e-commerce. The COVID-19 pandemic has significantly accelerated the shift towards online shopping, resulting in a surge in e-commerce sales worldwide. According to the International Air Transport Association, in 2021, more than a quarter of the world’s population shopped online, with China leading the global e-commerce market. The demand for packaging robots has increased as companies strive to meet the fast and efficient order fulfillment requirements of the e-commerce industry. Picking robots are especially in high demand as they streamline the picking and placement operations, reducing time and cost.
The adoption of automation and robotic technology is another factor driving the growth of the packaging robots market. Europe, particularly Germany, has been at the forefront of automation adoption. Germany has one of the highest numbers of industrial robots in the world and has witnessed a rapid increase in their installation in recent years. The benefits of using robots in manufacturing, such as increased productivity and efficiency, have led to their widespread adoption across various industries. This trend is further fueling the demand for packaging robots in the European market.
In conclusion, the packaging robots market is experiencing significant growth due to the rising demand from the e-commerce sector and the increasing adoption of automation. As the e-commerce industry continues to expand and companies seek ways to enhance operational efficiency, the demand for packaging robots is expected to further increase in the coming years.
FAQs
1. What is the expected size of the global packaging robots market by 2028?
The global packaging robots market is expected to reach $8.44 billion by 2028.
2. What are the key drivers of the packaging robots market?
The key drivers of the packaging robots market are the increasing demand for packaging robots from various industries and the need to reduce operational costs.
3. How is e-commerce influencing the packaging robots market?
The growing e-commerce sector has led to increased demand for fast and efficient order fulfillment, driving the need for packaging robots.
4. Which region is witnessing significant growth in the adoption of automation and robotics?
Europe, particularly Germany, is witnessing significant growth in the adoption of automation and robotics.
5. What are the segments of the packaging robots market?
The packaging robots market is segmented by industry vertical (food & beverages, pharmaceuticals, consumer electronics, and others) and application (primary packaging, secondary packaging, and tertiary packaging).
Source: The Insight Partners (https://www.theinsightpartners.com/)