According to a new report, published by KBV research, The Global Packaging Robots Market size is expected to reach $9 billion by 2027, rising at a market growth of 12.4% CAGR during the forecast period.
The Pick & Place market has shown growth rate of 12.6% during (2021 - 2027). This is because of the increasing growth of the e-commerce sector and the usage of packaging robots as a substitute for human picking, which is a difficult and labor-intensive task, pick & place applications are expected to increase throughout the forecast period. The benefits of packaging robots, like reduced damage, cost savings, and increased efficiency in pick-and-place processes, will also boost the market growth.
The Claw segment acquired maximum revenue share in the Global Packaging Robots Market by Gripper Type in 2020; thereby, achieving a market value of $2.8 billion by 2027. Claws on robots are one of the most basic grippers. They are famous among enthusiasts, who are drawn to the gripper kinds' simple appearance and functionality. In order to grip an object, robot claws typically comprise of 2 claws that come together on opposite sides of the object.
The Pharmaceuticals segment is showcasing a CAGR of 12.7% during (2021 - 2027). It is due to the pharmaceutical industry's necessity for correct collation, labelling, and capping. It also entails protecting pharmaceutical materials from humidity, moisture, temperature, and light to make sure that pharmaceuticals are delivered safely.
The Asia Pacific market dominated the Global Packaging Robots Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.6 billion by 2027. The Europe market is estimated to witness a CAGR of 11.9% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 11.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/packaging-robots-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, The Krones Group, FANUC Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Syntegon Technology GmbH (Bosch Pakaging technology), Brenton, LLC (Pro Mach, Inc.), Kuka AG, and Remtec Automation LLC (C.M. Paula)
By Application
By Gripper Type
By End User
By Geography
Companies Profiled
Unique Offerings 
