Packaging Robot Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 08/16/2018 -- fresh market intelligence study by Transparency Market Research (TMR) projects the demand in the global packaging robot market to increment at a strong CAGR of 14.0% during the forecast period of 2016 to 2024. The report has also detected that the competition in the global packaging robot market is intense, and every single prominent player is aggressive about branding strategies in order to gain ground over the competitors.
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Based on end-use industries, the global packaging robot market has been segmented into cosmetics and personal care, food, beverages, pharmaceuticals, chemical manufacturing, tracking, logistics, and transport, and consumer goods.
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While the late but very evident penetration of e-commerce in the emerging economies in Asia Pacific, such as India, which houses vast population, the tracking, logistics, and transport segment is expected to gain from, whereas food and beverage segments will gain from changing lifestyle of the urban population.
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Application-wise, the report categorizes the global packaging robot market into picking, packing including tray and cases, and palletizing, including bag palletizing, case palletizing, and de-palletizing. In 2016, picking packaging robot segment accounted for 39% of the demand, which was a reflection of increasing consumption of consumer products and food and beverages as a result of changing lifestyles among the urban population.