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