Asia Pacific Packaging Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Industry Verticals (Food & Beverages, Pharmaceuticals, Consumer Electronics, and Others) and Application (Primary Packaging, Secondary Packaging, and Tertiary Packaging)
Market Introduction
Packaging robots are the technologies used to automate the packaging operations across different industries such as consumer goods, consumer electronics, pharmaceuticals, e-commerce, food & beverage, chemicals, and personal care products sector. These robots are designed primarily for packaging operations such as material handling, moving or packing goods, sealing & labelling, and other tasks in order to sustain consistency, quality, and accuracy in packaging operations. There are primarily four different types of packaging robotic technologies used across different industries for packaging automation. This includes articulated robots, Cartesian robots, SCARA robots, and delta robots which are also called parallel link robots
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Market Overview and Dynamics
The Asia Pacific packaging robots market is expected to reach US$ 4,019.41 million by 2028 from US$ 1,706.58 million in 2021; it is estimated to grow at a CAGR of 13.02% from 2021 to 2028. Major factors driving the growth of the market are the increased demand for high degree automation and intelligent modernization, and the adoption of vision sensor technology. However, the high deployment cost of packaging robots hampers the market growth.
Packaging is a critical procedure in manufacturing facilities, especially those that produce goods for the consumer market. The installation of a robotic packaging system increases flexibility and improves the packaging line's overall production. Furthermore, packaging robots can work in different temperatures and require significantly less floor area than people. Increased demand for various items forces enterprises to improve production efficiency and implement better operations management. Implementing robotic automation in packaging units can help achieve overall equipment efficiency (OEE), which is necessary for long-term production efficiency. Robotic installation in packaging lines improves the high-speed efficiency of product selection, packing, and palletization by reducing physical dexterity. Additionally, due to rising demand, many investments have been recorded in robotics. According to the surveys, the demand for robots was fueled by investments in new production capabilities and the modernization of industrial premises. Factors such as the development of energy-efficient packaging systems and fierce competition in all major manufacturing markets have made it possible to invest in packaging robot technology around the globe. Furthermore, it improves equipment efficiency while lowering operating costs and providing exceptional returns on investment. As a result, the value-added benefits of robotic automation are contributing to the growth of the robot automation market. Moreover, since robotic packaging is commonly employed across various industries, such as food & beverages and pharmaceuticals, the growth of the end-user industries would augment the packaging robot market in the future.
Several economies in Asia Pacific witnessed a sharp decline in their GDP in 2020 due to the sudden closedown of all economic activities across all countries. Asia Pacific is the manufacturing hub of automobiles, consumer electronic products, and semiconductors. The disruptions in supply chain negatively impacted many companies in the region. Consequently, the robot shipments showed the sharpest decline of all times in 2020. China and India are the most badly affected economies in the region due to the large population and overwhelming pressure on the healthcare system. South Korea and Singapore also imposed several lockdowns to contain the virus spread. However, the long-term impact of the COVID-19 pandemic on the region would propel the demand for robots in manufacturing facilities, which is expected to provide positive outlook for the packaging robot players during the forecast period.
Key Market Segments
Based on industry verticals, the Asia Pacific packaging robots market is segmented into food & beverages, pharmaceuticals, consumer electronics, and others. The food & beverages segment held the largest market share in 2021. However, the pharmaceuticals segment is anticipated to register the highest CAGR during the forecast period.
Based on application, the Asia Pacific packaging robots market is segmented into primary packaging, secondary packaging, and tertiary packaging. In 2021, the primary packaging segment held the largest market share. However, the secondary packaging segment is expected to register the highest CAGR from 2021 to 2028.
Major Sources and Companies Listed
Mitsubishi Electric Corporation, Fanuc Corporation, and Krones AG are among the key players operating in the Asia Pacific packaging robots market.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of Asia Pacific packaging robots market over the next years.
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- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the Asia Pacific packaging robots market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific packaging robots market.
ASIA PACIFIC PACKAGING ROBOTS MARKET SEGMENTATION
By Industry Verticals
- Food & Beverages
- Pharmaceuticals
- Consumer Electronics
- Others
By Application
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
By Country
- China
- Japan
- India
- Australia
- Rest of Asia Paciifc
Company Profiles
- ABB
- Fanuc Corporation
- Krones AG
- Kuka AG
- Mitsubishi Electric Corporation
- Syntegon Technology GmbH (Bosch Packaging Technology)
- Schneider Electric SE
- Yaskawa Electric Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Packaging Robots Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. Packaging Robots Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Packaging Robots from Several Industries
5.1.2 Growing Demand for Reducing the Overall Operation Costs Across Packaging Sector
5.2 Market Restraints
5.2.1 High Deployment Cost of Packaging Robots
5.3 Market Opportunities
5.3.1 Increased Demand for High Degree Automation
5.4 Future Trends
5.4.1 Intelligent Modernization and Adoption of Vision Sensor Technology
5.5 Impact Analysis of Drivers and Restraints
6. Packaging Robots Market – Asia Pacific Analysis
6.1 Packaging Robots Market Overview
6.2 Packaging Robots Market – Asia Pacific Revenue and Forecast to 2028 (US$ Million)
7. Packaging Robots Market Analysis – By Industry Verticals
7.1 Overview
7.2 Packaging Robots Market Breakdown, By Industry Verticals (2020 and 2028)
7.3 Food & Beverages
7.3.1 Overview
7.3.2 Food & Beverages: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.5 Consumer Electronics
7.5.1 Overview
7.5.2 Consumer Electronics: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8. Packaging Robots Market Analysis – By Application
8.1 Overview
8.2 Packaging Robots Market Breakdown, By Application (2020 and 2028)
8.3 Primary Packaging
8.3.1 Overview
8.3.2 Primary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8.4 Secondary Packaging
8.4.1 Overview
8.4.2 Secondary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
8.5 Tertiary Packaging
8.5.1 Overview
8.5.2 Tertiary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
9. Packaging Robots Market – Asia Pacific Analysis
9.1 APAC: Packaging Robots Market
9.1.1 APAC: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 APAC: Packaging Robots Market- by Industry Verticals
9.1.3 APAC: Packaging Robots Market- By Application
9.1.4 APAC: Packaging Robots Market- by Key Country
9.1.4.1 Australia: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Australia: Packaging Robots Market- by Industry Verticals
9.1.4.1.2 Australia: Packaging Robots Market- By Application
9.1.4.2 China: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 China: Packaging Robots Market- by Industry Verticals
9.1.4.2.2 China: Packaging Robots Market- By Application
9.1.4.3 India: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 India: Packaging Robots Market- by Industry Verticals
9.1.4.3.2 India: Packaging Robots Market- By Application
9.1.4.4 Japan: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 Japan: Packaging Robots Market- by Industry Verticals
9.1.4.4.2 Japan: Packaging Robots Market- By Application
9.1.4.5 South Korea: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 South Korea: Packaging Robots Market- by Industry Verticals
9.1.4.5.2 South Korea: Packaging Robots Market- By Application
9.1.4.6 Rest of APAC: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Rest of APAC: Packaging Robots Market- by Industry Verticals
9.1.4.6.2 Rest of APAC: Packaging Robots Market- By Application
10. Impact of COVID-19 Pandemic on Asia Pacific Packaging Robots Market
10.1 Asia Pacific
11. Packaging Robots Market-Industry Landscape
11.1 Overview
11.2 New Product Development
12. Company Profiles
12.1 ABB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fanuc Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Krones AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Kuka AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mitsubishi Electric Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Syntegon Technology GmbH (Bosch Packaging Technology)
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schneider Electric SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Yaskawa Electric Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC: Packaging Robots Market- by Industry Verticals – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Packaging Robots Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Packaging Robots Market- by Industry Verticals –Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of APAC: Packaging Robots Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Packaging Robots Market Segmentation
Figure 2. Packaging Robots Market Segmentation – By Country
Figure 3. Asia Pacific Packaging Robots Market Overview
Figure 4. Food & Beverages Segment Held the Largest Market Share in 2020
Figure 5. Primary Packaging Segment Held the Largest Market Share in 2020
Figure 6. China was the Largest Revenue Contributor in 2020
Figure 7. PEST Analysis – Asia Pacific
Figure 8. Expert Opinions
Figure 9. Packaging Robots Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Packaging Robots Market Breakdown, By Industry Verticals (2020 and 2028)
Figure 12. Food & Beverages: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pharmaceuticals: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Consumer Electronics: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Packaging Robots Market Breakdown, By Application (2020 and 2028)
Figure 17. Primary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Secondary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Tertiary Packaging: Packaging Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC: Packaging Robots Market Revenue Share, By Industry Verticals (2020 and 2028)
Figure 22. APAC: Packaging Robots Market Revenue Share, By Application (2020 and 2028)
Figure 23. APAC: Packaging Robots Market Revenue Share, By Key Country (2020 and 2028)
Figure 24. Australia: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of APAC: Packaging Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Asia Pacific Country Markets- ABB
- Fanuc Corporation
- Krones AG
- Kuka AG
- Mitsubishi Electric Corporation
- Syntegon Technology GmbH (Bosch Packaging Technology)
- Schneider Electric SE
- Yaskawa Electric Corporation
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