The global robotic packaging machines market size is estimated to reach US$ 1,050 million in 2023. Over the assessment period, global robotic packaging machine sales are likely to soar at 6.0% CAGR, taking the overall market valuation to US$ 1,888 million by 2033.
In 2022, the worldwide robotic packaging machines industry was valued at US$ 1000 million, and it is likely to exhibit Y-o-Y growth of 5.1% in 2023. The target market is predicted to expand 1.8X through 2033. The frozen food segment, by end use, is expected to dominate the target market with a share of about 17.0% in 2033. This is due to rising consumption of frozen food products and growing usage of robotic machines for handling and packaging a wide range of frozen foods.
With more than 37.3% market share, the two-robot segment has topped the robotic packaging machines industry within the machine type category in 2022. It is expected to thrive at a CAGR of around 6.2% during the forecast period. Robotic packaging machines are automated systems that efficiently package products in several sectors. Use of robotics in packaging is revolutionizing the packaging sector by significantly improving productivity, reducing errors, and enhancing overall quality of packaged goods. Robotic packaging machines utilize robotic technology to perform multiple functions, such as handling, sorting, and packaging items with high speed, precision, and consistency. The ability of robotic packaging machines to streamline packaging processes, reduce labor requirements, and enhance overall efficiency is expected to boost the global market.
Rising demand for robotic packaging machines from food & beverage, consumer goods, and pharmaceutical sectors is another key factor stimulating market growth. Robotic packaging machines are increasingly employed for packaging food products, such as cans, bottles, cartons, etc., into cases or boxes.
This story is from the NOVEMBER - 2023 edition of Food & Beverages Processing.
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This story is from the NOVEMBER - 2023 edition of Food & Beverages Processing.
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