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Global Packaging Robot Market 2018

Global Packaging Robot Market

Global Packaging Robot Market Trends, Analysis, and Forecast To 2025 Market Definition: 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. 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. Market Analysis with Latest Growth Factors: Increasing demand for technology for packaging efficiency, rising need for automation in industries and improved supply chain process will influenced the industry demand 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. 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 urbanization coupled with increasing disposable income has escalated the adoption of packaging robot across several industries such as sports, healthcare, FMCG. Though, high capital investment is a major challenge for market players. PDF Sample of the Report https://www.xpodenceresearch.com/Request-Sample/105843 Market Segmentation: The global market is segmented based on application and end-user. Based on application, the market is segmented as picking, packing, palletizing, and gripper. Packing segment is further segmented as Case Packing, Tray Packing, and Filling. Palletizing segment is also bifurcated as Case Palletizing, Bag Palletizing, and De-palletizing, while gripper segment is divided as Claw, Clamp, and Vacuum. On the basis of end-user, the market is segmented as food and beverages, consumer products, tracking and logistics, pharmaceuticals, chemicals, industrial packaging industry, and electronics and semiconductor industry. Picking and packing robots are expected to witness substantial growth over the forecast period owing to rapidly growing e-commerce sector. The sector primarily employs picking robots for processing an order with reduced time and enhanced efficiency. As a result, automation in the processes improves the efficiency and cost effective. 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. Electronics

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