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billion by the end of 2032 and is forecasted to expand at a robust CAGR of 7% from 2022 to 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. Robots are capable of a wide range of tasks related to packaging, including picking and placing, boxing, palletizing, and warehousing.
In 2020, the European Commission proposed its ‘Industry 5.0’ Compared with the ‘Industry4.0’ plan that has been discussed for around a decade, Industry 5.0 In Industry4.0, fold increase for social robots by 2032 compared with 2021. For example, IDTechEx predicts an 8.8-fold
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