Lewes, DE -- (SBWire) -- 11/12/2015 --Report forecast the global packaging robots market to grow at a CAGR of 8.60% over the period 2014-2019.
Packaging is a process of wrapping or covering a product to protect and preserve its inert quality from contamination or damage. It eases transportation, storage, and promotion of product to a large extent. Apart from providing convenience in handling products, it also includes essential information, such as price, contents, place of manufacturing or assembling, point of contact in the event of any issue with item, about the product. Packaging can be broadly classified as primary and secondary packaging.
The use of robots in primary and secondary packaging has increased over the last decade due to the increased demand for products ranging from FMCG to pharmaceutical products. Robots speed up the process of packaging by bringing more flexibility into the system and enhance the productivity of the plant.
This report covers the present scenario and the growth prospects of the global packaging robots market for the period 2015-2019. The report considers the revenue generated from the sales of packaging robots in industries such as F&B, consumer durables, pharmaceuticals, and others.
Global Packaging Robots Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global packaging robots market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, the F&B industry is highly competitive with little product differentiation. To sustain in the market, manufacturers have reduced the prices of their products, which in turn has decreased their profit margins. Manufacturers from countries such as China and the US are struggling with the depleting size of cheap labor.
Key regions
- Americas
- APAC
- EMEA
Key players in the Global Packaging Robots Market: ABB, Fanuc, KUKA and Yasakawa
Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Epson Robotics, Nachi Fujikoshi, Pari Robotics, Staubli Robotics, TM Robotics and Yamaha Robotics
Market driver
- Increased importance of packaging
- For a full, detailed list, view our report
Market challenge
- High initial cost
- For a full, detailed list, view our report
Market trend
- Expansion in robotics technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages "Global Packaging Robots Market 2015-2019" report covers Executive Summary, Scope of the Report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-packaging-robots-market-2015-2019
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