North America Packaging Robots Market

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

Market Overview and Dynamics

The North America packaging robots market is expected to reach US$ 1,546.51 million by 2028 from US$ 851.10 million in 2021; it is estimated to grow at a CAGR of 8.91% from 2021 to 2028. Major factors driving the market growth are the rising demand for packaging robots from several industries and the growing demand for reducing the overall operational costs across the packaging sector. However, the high deployment cost of packaging robots hampers the market growth.

Growing customer demand for high-quality goods has resulted in advancements in manufacturing technology. The food and beverages, trucking and logistics, and fast-moving consumer goods (FMCG) businesses are focused on getting products to customers in a short time, which has boosted the use of robotic packaging. Packaging robots have been a great potential in the food & beverages industry. Food firms adopt vision-directed robotic arms, automated guided vehicles, delta robots, and advanced inspection systems to streamline and optimize their processes. Moreover, the perception among industries to substitute manual labor with automation is gaining traction. Automated robots do not get sick or slack off; they work faster than humans. Coupled with these factors, the on-job performance by the automated robot is always consistent, productive, and error-free. Therefore, their demand across the manufacturing industry is increasing. Additionally, due to the rapid growth of the e-commerce sector, picking and placement is the fastest-growing application. Picking robots are commonly used in the e-commerce industry for order fulfillment as picking items manually is a time consuming and costly procedure. Therefore, the high growth of the e-commerce industry across the region is another major factor propelling the growth of the picking and packaging robots. The e-commerce industry is expected to grow at a robust growth rate of ~20% over the next couple of years. Factors such as expanding internet and smartphone usage, increasing reliance on social media to promote e-commerce platforms, growing omni-channel business models, and the introduction of new payment mechanisms are all driving the e-commerce sector. Also, automation provides enormous growth prospects for businesses in the e-commerce industry. As a result, the packaging robot market would grow in tandem with the growing e-commerce industry in the coming years. Furthermore, the demand for and sale of industrial packaging robots is expected to increase as firms place a greater emphasis on precision, speed, and quality in supply chain activities. In addition, as the level of automation across a range of end-use industries grows, autonomous robots can construct a growth trend in developing countries. Lastly, practicality and innovation may open up new application zones, ushering in the 2.0 wave of the current phenomenon.

The continuous growth in the number of COVID-19 infected patients compelled governments to impose stringent lockdowns across countries during the first three quarters of 2020. The investments in the robotics industry experienced a sharp decline due to a disrupted supply chain. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of the electronics & semiconductor, automotive, and retail sectors. Additionally, the social or physical distancing measures put limitations on the operations of logistics and other service providers. This disruption has propelled manufacturers to integrate automation solutions, including robots, to maintain robust supply chains amidst workforce shortages. However, companies are looking to invest in automation solutions as a part of their strategic plan owing to the favorable government policies to boost innovation and reinforce infrastructure capabilities. Despite the disruptions caused by the COVID-19 pandemic, the supply chain is likely to surge as a business is resumed after a long lockdown measure. By implementing the social distancing measures, the automotive, electronics & semiconductor, and other manufacturing industries have resumed their operations with less workforce capacity. North America has the highest acceptance and development rate of emerging technologies. The United States efforts to bring back a portion of its manufacturing from China will enable government and private sector investments in industrial infrastructure development. The trade war between China and the US is another critical factor that would fuel the developments across the region’s manufacturing sector for stable self-reliant economic systems.

Key Market Segments

Based on industry verticals, the North America 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 North America 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

ABB, Fanuc Corporation, and Krones AG are among the key players operating in the North America packaging robots market.

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of North America packaging robots market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
• 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 North America 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 North America packaging robots market.

NORTH AMERICA PACKAGING ROBOTS MARKET SEGMENTATION

By Industry Verticals

• Food & Beverages
• Pharmaceuticals
• Consumer Electronics
• Others

By Application

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Country

• U.S
• Canada
• Mexico

Company profiles

• ABB
• Brenton, LLC
• Fanuc Corporation
• Krones AG
• Kuka AG
• Mitsubishi Electric Corporation
• Remtec Automation, LLC
• Syntegon Technology GmbH (Bosch Packaging Technology)
• Schneider Electric SE
• Yaskawa Electric Corporation

North America Packaging Robots Strategic Insights

Strategic insights for the North America Packaging Robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Packaging Robots Report Scope

North America Packaging Robots Regional Insights

The geographic scope of the North America Packaging Robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.