North America Packaging Robots Market is expected to reach US$ 1,546.51 million by 2028

PRESS RELEASE BY The Insight Partners 16 Dec 2021

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The food & beverages segment by industry verticals is estimated to lead the market growth during the forecast period.

According to The Insight Partners market research study of “North America Packaging Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Industry Verticals, Application, and Country.” 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. The report highlights trends prevailing in the North America packaging robots market and the factors driving market along with those that act as hindrances

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.

Based on industry verticals, the North America packaging robots market is segmented into food & beverages, pharmaceuticals, consumer electronics, and others. Based on application, the North America packaging robots market is segmented into primary packaging, secondary packaging, and tertiary packaging. Geographically, the North America packaging robots market can be segmented into U.S, Canada and Mexico.

ABB, Fanuc Corporation. Krones AG, Kuka AG, Mitsubishi Electric Corporation, Syntegon Technology GmbH (Bosch Packaging Technology), Schneider Electric SE, Yaskawa Electric Corporation are among the leading companies operating in the North America packaging robots market.

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