Global Packaging Robots Market is Estimated to Reach $5 Billion by 2025

   2019-08-13       116        Business
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Global Packaging Robots Market is projected to be valued $5 Billion by 2024; with a CAGR of 14.5% from 2017 to 2025

Global Packaging Robots Market report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2024; growing at a CAGR of 14.5% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Demand for high automation in packaging line to drive the global market

Major factors driving the global packaging robot market are growth in manufacturing industries, requirement for intelligent modernization to decrease product delivery time, and increased demand for high automation in packaging line. However, high capital investment is a major challenge for market players. Various innovative features such as high accuracy and low product damage offered by packing robots would provide new business opportunities for the market in near future.

Market Segmentation

The global packaging robot market is split into application, gripper type, and end user. The application segment is divided into packing robots, palletizing robots, and picking robots. The gripper type segment is further segregated into vacuum gripper, claw gripper, clamp gripper, and others. The end user segment is bifurcated into food & beverages, consumer products, cosmetic & personal care, pharmaceutical



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