Packaging Robots Market Witnesses Rapid Growth Due to Emergence of Covid-19 and Significant Growth in e-Commerce Sector

 

Packaging Robots Market

Exponentially rising demand for better quality and cost effective packaging has given packaging technology a prominent thrust in the industry. The packaging robots market, thus, is expected to witness double digit growth over the next five years. This dynamic growth is attributable to the factors like emergence of Covid-19, significant growth in the e-commerce sector, and increasing demand for fast and easy way of packaging. According to India Brand Equity Foundation, the e-commerce sector in India is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.  

The beverage industry, in which the demand for packaged beverages is increasing exponentially, is another good example of a sector showing promise in packaging robots market. The increase in the volume of packaged beverages is being met by the innovative processes of packaging related industries. The development in technology and production techniques have made the overall process more effective and efficient. The market trends, however, show that the beverage industry will experience an unprecedented growth during the next five years. A marked advance in technology and manufacturing techniques and the introduction of new processes for beverage packaging will make the beverage packaging industry emerge as the prime choice for the beverage industry.

Automotive industries and the transportation industry are also witnessing promising growth opportunities in the coming years. Automotive industries are likely to benefit from the advanced technologies such as 3D scanning of parts and components, computer aided design (CAD) modeling of automotive structures and bodywork and real-time updates in the fleet management systems. The emergence of the Internet as a powerful and effective information platform will boost the participation of consumers in online purchasing. The consumer goods manufacturing industries are witnessing a lot of improvement in productivity, quality and productivity growth in the coming years. A major portion of improved productivity is due to increased usage of automated tools and other tools for productivity management, which reduce the costs of production. Such scenario is thus, expected to aid in growth of the packaging robots market.

Launch of new products is expected to propel growth of the packaging robots market. In March 2020, Kindred announced to reveal the Kindred SORT 3.7, a piece-picking robot that features 27 eight additional cubbies, which support a 42% increase in the number of items it can sort at e-commerce fulfillment centers and warehouses, at MODEX 2020 in Atlanta, U.S.


Location: India

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