The global packaging robots market size is expected to reach USD 9 billion by 2027, growing at a CAGR of 12.4% during the forecast period.The use of robots, automated systems and specialized software to transfer various responsibilities and simplify the packaging process is known as packaging robots.
NEW YORK, May 5, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Global Packaging Robot Market Size, Share and Industry Trends Analysis Report, By Application, Gripper Type, End User, Regional Outlook and Forecast, 2021 – 2027″ – https://www.reportlinker.com/p06273368/?utm_source=GNW Packaging robots are used in a variety of industries, including consumer goods, pharmaceuticals, food and beverages, logistics, and more.It is common to choose flat materials such as sheet metal or glass with vacuum grips.During packaging and palletizing, these grippers use suction caps to grab many items at once.Vacuum grippers are used to handle large cases, crates, bottles and cans and are therefore widely used in the packaging industry.Factors driving the packaging robotics market include increasing demand for automation in many vertical industries, using robots for optimal efficiency and cost-effectiveness.Moreover, the packaging robots market is expected to grow throughout the forecast period owing to the expansion of the robotics industry and the continued growth of the retail and e-commerce industries.Packaging robots reduce the time and effort required to scan and update inventory, pack packages, schedule items for shelves, and perform other related tasks in a short period of time.The packaging robot market is growing due to increased collaboration between e-commerce and packaging.Picking, packing, and jaws are the three applications that make up the field of packaging robotics.Pick and place is the fastest growing application, accounting for most of the demand for packaging robots due to rapid growth in the e-commerce segment.Since manually picking items is a labor-intensive and difficult activity, the e-commerce industry often uses picking robots to fulfill orders.As a result, item picking automation increases efficiency while reducing costs.Robotic systems are increasingly used in the e-commerce, food and beverage, automotive and healthcare industries to meet their needs and increase efficiency.The market demand for these systems is driven by the growth of industrialization and the need for automation to minimize waste and cost, as well as increase production efficiency.In addition, the high precision, higher efficiency and reduced product damage of pick and place robotic systems meet this need.COVID-19 Impact Due to the COVID-19 pandemic, many companies in the packaging robotics market have had to temporarily suspend operations to ensure compliance with the new requirements.Government regulations designed to prevent the spread of disease.This suspension of operations has a direct impact on revenue streams across the market.In addition, the manufacture of industrial products was halted due to the scarcity of raw materials and personnel during the lockdown.In addition, companies in the industry are not getting new shipments.As a result, global markets have been hurt by the cessation of industrial activity and months of lockdowns, which are expected to recover slowly over the forecast period.Governments are prioritizing the embrace of automation by focusing on emerging edge technologies such as machine learning, artificial intelligence (AI), 3D printing, deep learning and machine vision, which are likely to drive long-term demand.Market Growth Factors High Demand for Smart Vision Sensor Technology Modernization and Implementation Rapid growth in demand for a wide range of products in manufacturing such as pharmaceuticals, food and beverages, and e-commerce is driving organizations to focus on improving production efficiency and performing better operations management.Overall equipment efficiency is a requirement for long-term production efficiency and is achieved through robotic automation in the packaging cell.New technologies such as human-robot collaboration are also helping to drive industry growth.In addition, the use of collaborative robots enables optimal operational efficiency while ensuring personal safety.When the robot detects a human in its path while working alongside a human, the task slows or stops.Increasing demands for intelligent modernization of industrial facilities Industrial infrastructure in rich countries is rapidly deteriorating.The increased demand for various projects has forced businesses to focus on improving production efficiency and implementing better operational management.Implementing robotic automation in packaging cells can help achieve overall equipment effectiveness (OEE), a necessary requirement for long-term production efficiency.Robotic installation on packaging lines increases high-speed efficiency in product selection, packaging and palletizing by reducing physical dexterity.It also increases equipment efficiency while reducing operating costs and providing an excellent return on investment.Hence, the value-added benefits offered by robotic automation are likely to drive market growth during the forecast period.Market Constraints High Capital Investment The installation of automated packaging systems in new or existing production lines requires significant financial investment.The food and beverage industry is a highly fragmented industry with numerous small and medium-sized enterprises with diverse product lines.Due to the large financial outlay required for installation and maintenance, some manufacturers are hesitant to install packaging robots.Additionally, other industries such as consumer goods, tracking and logistics are dominated by local distributors and manufacturers, who often lack the financial resources to invest in facility automation.Budget constraints of various small companies in different end-use industries will drive them to choose labor.Application Outlook Based on application, the market is segmented into packaging, pick and place, and palletizing.The packaging segment captured the highest revenue share in the packaging robots market in 2020.Packaging is a full-fledged robot that can be used in various industries, especially the food industry.Because items are more uniform across the packaging step, they are easier to automate than their previous duties in the food supply chain.Although companies are starting to do so, agricultural and food-manufacturing tasks are more difficult to automate with robots.Gripper Type Outlook Based on gripper type, the market is segmented into jaws, vacuum, clamps, and others.The Clamp segment gained a significant revenue share in the packaging robotics market in 2020.Clamps can help companies save time and money on automation projects by speeding up production and reducing the number of dropped or damaged items on the factory floor.These clips are available in a variety of styles and sizes, making them suitable for a wide range of applications.To choose the right gripper for your company, it’s important to look at their entire specification.End User Outlook Based on end user, the market is segmented into food and beverages, pharmaceuticals, consumer goods, logistics, and others.The food and beverage segment captured the highest revenue share in the packaging robots market in 2020.According to food and beverage companies, robots will be used more frequently on primary packaging lines by 2020.This is because robots on primary packaging lines can increase production, flexibility and efficiency.Use by food manufacturers is expected to more than double.These delta robots are equipped with proven end-of-arm tools such as vacuum grippers and grippers, all of which are equipped with sensors that let the robot know if it is holding a product safely.Regional Outlook Based on region, the market is segmented into North America, Europe, Asia Pacific & Latin America, Middle East & Africa.Asia Pacific emerged as the leading region in the packaging robotics market with the largest revenue share in 2020.Packaging robots are most commonly used in Asia Pacific.Asia Pacific is expected to lead the packaging robotics market over the forecast period owing to the expansion of industries such as food and beverages, e-commerce, consumer goods, pharmaceuticals, and logistics.The main strategy followed by market players is product launch.Based on the analysis in the cardinality matrix; ABB Group is a pioneer in the packaging robotics market.Companies such as FANUC Corporation, Schneider Electric SE, Mitsubishi Electric Corporation and others are some of the key innovators in the market.The market research report covers the analysis of the key stakeholders of the market.Major companies profiled in the report include ABB Group, Krones Group, Fanuc Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Syntegon Technology GmbH (Bosch Packaging Technology), Brenton, LLC (Pro Mach, Inc.) , Kuka AG and Remtec Automation LLC (CM Paula) recently deployed strategic partnerships, collaborations and agreements in the packaging robotics market: November 2021: ABB Robotics joins forces with California-based Zume, a global innovative compostable packaging supplier.Through this partnership, ABB will provide robotic cells that will enable Zume to produce continuous packaging globally, minimizing reliance on single-use plastics.October 2021: Schneider Electric Canada has formed a partnership with OptiMach, a Quebec-based robotics company.The two companies work together to expand their operational commitment to enable OptiMach to provide consumers with robotic and autonomous solutions tailored to their needs.Additionally, the partnership will distribute small to large production businesses in the northern New Brunswick and OptiMach markets, focusing on lumber mill production, food processing and custom solutions, and packaging.February 2020: ABB forms partnership with artificial intelligence company Covariant Robotics.The two companies share the goal of bringing to market AI-enabled robotic solutions, where advanced robots will work with humans in a dynamic ecosystem, improving and learning while completing each task.Product launches and product expansions: February 2022: Mitsubishi Electric has introduced a new robotic workstation system designed to minimize production time.The robot uses the Maisart AI system, which provides 3D sensors, cameras and accurate speech recognition software for sorting and rearranging items.In addition, the robots are pre-programmed to complete tasks as well as self-adjust, and can be controlled by voice or tablet software.November 2021: FANUC America and ROBOMACHINEs unveil a new LR-10iA/10 robot designed for machine tending and various picking applications.The robot will help producers and supplier centers overcome barriers related to worker shortages, increase throughput and minimize operating costs.August 2021: Brenton Engineering released the modularly designed RT1000 top-loading robotic case packer system.The product offers a variety of fascinating features for consumers looking for automation to efficiently manage packaging and assist businesses in their growth.June 2021: Syntegon launches Syntegon RPP, a newly developed robotic pick and place platform.The robotic platform automates procedural steps including feeding, loading and feeding and is designed to operate as a modular system.May 2021: FANUC America expands its popular high-performance SCARA robot.The portfolio includes the e SR-3iA, SR-6iA, SR-12iA and the new SR-20iA models with payload spaces of 3kg, 6kg, 12kg and 20kg and a reach of 400-1,100mm.In addition, SCARA ROBOTS offers businesses more range and payload options through pack, inspect, pack and pick and place procedures.February 2021: ABB launches cobot products in the new GoFa and SWIFTI cobot families.Robots are fast and robust and can be used in many fields such as consumer goods, food and beverages, logistics, healthcare, and electronics, and will drive business growth as the need for automation increases in various fields.October 2020: Yaskawa Electric launches a new series of palletizing robots, MOTOMAN-PL, including MOTOMAN-PL190, MOTOMAN-PL500, MOTOMAN-PL800 and MOTOMAN-PL320.The product provides packaging for chemicals, food, cosmetics, and heavy objects such as lifting stones and materials.Acquisitions and mergers: October 2021: ABB acquires ASTI Mobile Robotics Group, a global provider of autonomous mobile robotic vehicles and software.With this acquisition, ABB will be the only company to offer a complete range of automated robotics, AMR and machine automation solutions, from manufacturing to logistics to the point of use.November 2020: ABB acquires leading Codian Robotics Delta robotics supplier.The acquisition is designed to support ABB’s machine-centric robotics portfolio by combining Codian Robotics’ technology and corporate expertise, and is the perfect complement to our offerings in pharmaceutical, food and beverage, logistics solutions and service robotics.August 2020: Schneider Electric acquires over ProLeiT AG, a mid-sized IT company.The acquisition aims to expand its offering by combining the expertise of Schneider Electric and ProLeiT, which will help consumers renew their digital transformation while urging increased capabilities and productivity.In addition, the company aims to drive market penetration in customers’ food and beverage and packaged goods segments, breweries and dairy industries through ProLeiT’s integrated, comprehensive EcoStruxure infrastructure.Market segments covered in the report: By Application • Packaging • Pick & Place & • Palletizing By Grip Type • Grippers • Vacuum • Grippers & • Others By End User • Food & Beverages • Pharmaceuticals • Consumer Goods • Logistics and • Others Geography • North America o USo Canada o Mexico o Rest of North America • Europe Germany o UKo Franceo Russia o Spain Italy o Rest of Europe • Asia Pacific China o Japan India Korea Singapore Malaysia o Rest of Asia Pacific • LAMEAo Brazil Argentina UAE Saudi Arabia South Africa Company Profiles in Rest of LAMEA Nigeria • ABB Group • Krones Group • FANUC Corporation • Schneider Electric SE • Mitsubishi Electric Corporation • Yaskawa Electric Corporation • Syntegon Technology GmbH (Bosch Packaging Technology) • Brenton, LLC (Pro Mach, Inc.) • Kuka AG• Remtec Automation LLC (CM Paula) Unique Products• Exhaustive Coverage• Largest Market Tables and Data• Subscription-Based Model Available• Best Price Guaranteed• Guaranteed After Sales Research Support 10 % Customization Read the full report for free : https://www.reportlinker.com/p06273368/?utm_source=GNWA About ReportlinkerReportLinker is an award-winning market research solution.Reportlinker finds and organizes the latest industry data so you have all the market research you need in one place, instantly.______________________________
Tesla Inc is willing to buy a mining company if producing its own supply of electric vehicle (EV) metals will accelerate the global adoption of clean energy technologies, Chief Executive Elon Musk said on Tuesday.Growing concerns across the electric vehicle industry that supplies of lithium, nickel, copper and other metals may not be enough to meet demand later in the decade have raised questions about whether Tesla would consider a foray into mining.”It’s not impossible,” Musk said at the FT Future of the Car 2022 conference.
Apple has reportedly lost its head of machine learning, Ian Goodfellow, over its return-to-office policy.
Experience the flexibility of the HKU MBA part-time (weekday and weekend mode) programme to facilitate professional development while managing work commitments.Join now!
The Dow Jones Industrial Average (DJINDICES: ^DJI) was still down on the day, but both the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were able to regain their footing and edge up.Take back some lost ground.One surprising source of decline came from tobacco giant Altria (NYSE: MO), which has been a relatively safe defensive strategy so far and has held up well.Will Altria lose its closest partner?
Lithium-ion and LFP are the dominant EV battery technologies, but Tesla startups are pushing from small improvements to big breakthroughs.
Bitcoin mining difficulty hit another all-time high on Wednesday, up 4.9 percent from the previous month’s adjustment.See related article: SEC Puts Chinese Crypto Mining Equipment Manufacturer Canaan on Delisting Facts Quick Facts Mining difficulty currently reads 31.25 trillion at block height 735,840, according to BTC.com .Previous[…]
Saxo’s true global trading experience!Access over 60 global markets and trade over 40,000 products.
The big oil company has meandered where other big energy companies have been, putting it in a prime position to ride soaring prices.
Energy Transfer (NYSE: ET) has invested billions in building one of the largest energy midstream companies in the United States.Master Limited Partnership (MLP) has completed a steady stream of expansion projects and acquisitions, giving it an almost unparalleled footprint.The company is developing an increasing number of developments while also pursuing strategic acquisitions that can re-accelerate its growth engine.
My question is, do I need to hire a financial advisor for a 1% fee or can I just navigate my retirement financially with an accountant?A: First, understand the difference between what an accountant can do for you and what a financial advisor can do.”Accountants can help with tax payments, but are unlikely to solve other problems,” says Julia Kramer, CPA and CPA with Signature Financial Planning.
The U.S. Energy Information Administration released a report that includes forecasts for natural gas prices.Much depends on the weather.
Depending on your age, you may not be taxed if your income is below a certain threshold.Here’s what you need to know.
Virginia-based Appian said Tuesday that a jury awarded the software company $2.036 billion in damages to Pegasystems Inc. for misappropriating trade secrets.
When Nomi Prince announced the 2008 financial crisis in advance, few believed her.Now, she’s releasing a new prediction.Most Americans are not ready
The move is part of Volkswagen’s efforts to boost its presence in the US at a time when war and Covid-19 have affected its prospects in Europe and China.
(Bloomberg) — In the closed world of Wall Street research, JPMorgan’s description of Chinese internet companies is immediately shocking: “Not investable.” Most reads from Bloomberg Marcos Jr. lead with 61 percent of votes: As U.S. Philippine UpdateStocks drops to 13-month low as curve steepens: Markets WrapDay Trader Army loses all money it made on Meme-Stock EraBiden team
(Bloomberg) — Oil prices extended their pullback for a second session as soaring U.S. inflation stoked fears that it would force moves that could tip the economy into recession.. Leads with 61% of votes counted: Philippines UpdateStocks bounces back on countdown to key CPI data: Markets WrapBiden team sees help for China as Putin falters in Ukraine Stocks fall to 13-month low as U.S. curve steepens Point: March
I’m ready to travel, or so I think.That’s when my friend told me to put a plastic bottle on the tire while traveling.The reason is clever
Bitcoin price found support near $30,000 after a strong decline, Ethereum’s ether recovered above $2,400 and MATIC formed a strong bullish candle on the daily chart.
Software giant Microsoft has won praise for its successful shift from desktop computing to cloud computing.Many investors may be wondering: Is Microsoft stock a buy right now?
Ford now holds nearly 94 million shares, or 10.5 percent, and remains the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data.Rivian is struggling in a competitive market, including from Ford’s F-150 Lightning electric pickup truck, and a supply chain crisis is limiting production at its factories.Ford sold for $26.8 a share on May 9, below Rivian’s Friday closing price of $28.79.
Start your studies and focus on your career in finance and accounting.Be job-ready from day one with our industry training and practical degrees.
Moderna Inc (NASDAQ: MRNA) is trying to fight patent infringement claims by rival companies related to its COVID-19 vaccine, arguing that the companies can only pursue their claims by seeking royalties from the federal government.Moderna filed a motion to dismiss some patent infringement claims in a lawsuit filed by Arbutus Biopharma Corp (NASDAQ: ABUS) and Genevant Sciences GmbH in federal court in Delaware, The Wall Street Journal reported.Arbutus and Genevant in their la
The fate of the Russian ruble has become increasingly disconnected from the health of the Russian economy as international sanctions are tightened over the Ukraine war.
Post time: May-11-2022
