The Packaging Robots Global Market Report 2023, provides comprehensive information on the packaging robots market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Packaging Robots Global Market Report 2023, the market size is expected to grow from $4.95 billion in 2022 to $5.57 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of packaging robots market is expected to reach $8.78 billion in 2027 at a CAGR of 12.1%.

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In the ever-evolving landscape of the packaging robots market, technological advancements have emerged as a pivotal trend, captivating the attention and resources of major industry players. Leading companies in this sector are tirelessly innovating, striving to solidify their market positions through the introduction of groundbreaking products.

An exemplary illustration of this commitment to innovation is evidenced by ABB Robotics, a distinguished Switzerland-based provider of power and automation technologies for robotics. In August 2022, ABB Robotics unveiled the FlexPicker IRB 365, a remarkable robotic solution that stands as the fastest-in-class for picking and packing applications weighing up to 1.5 kg. This cutting-edge creation is not merely confined to a singular function; it boasts versatility in its application, encompassing tasks such as bottle handling, package sorting, and the facilitation of shelf-ready packaging.

The prowess of the IRB 365 is exemplified by its impressive capability to execute 120 picks per minute, seamlessly handling the reorientation and placement of 1kg products. What sets this innovation apart is its integration into packaging lines, facilitated by the application of digital twin technology, complemented by ABB's state-of-the-art PickMaster Twin software. This amalgamation not only streamlines the integration process but also significantly reduces the timeframe required for such endeavors—from days to a matter of mere hours.

The implementation of digital twin technology not only enhances operational efficiency but also serves as a testament to ABB Robotics' dedication to advancing the industry. This progressive approach not only accelerates the pace of integration but also substantially diminishes changeover times, transforming what once took hours into a process now accomplished in mere minutes. In essence, ABB Robotics has not only introduced a groundbreaking product but has revolutionized the paradigm of efficiency and adaptability in the packaging robots market.

The packaging robots market is segmented:

1) By Gripping Type: Clamp Type, Claw Type, Vacuum, Other Gripping Types

2) By Application: Pick And Place, Packing, Case Packing, Tray Packing, Filling, Other Applications

3) By End Users: Food And Beverages, Pharmaceuticals, Consumer Products, Logistics, Other End Users

Asia-Pacific was the largest region in the packaging robots market in 2022.

The table of contents in TBRC’s packaging robots market report includes:

1. Executive Summary

2. Packaging Robots Market Characteristics

3. Packaging Robots Market Trends And Strategies

4. Packaging Robots Market - Macro Economic Scenario

5. Packaging Robots Market Segmentation

...

32. Global Packaging Robots Market Competitive Benchmarking

33. Global Packaging Robots Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Packaging Robots Market

35. Packaging Robots Market Future Outlook and Potential Analysis

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