The market for palletizing systems is projected to be worth US$2,134.1 million in 2022. The market is anticipated to reach US$ 3,412.6 million in value by 2032 and continue to grow at a steady CAGR of 4.8%.
Palletizing systems are the equipment that helps in the automatic compiling of products on a pallet. A palletizer is designed and structured to organize, align and pack various products on a pallet for forwarding of freight. Palletizing and pallet wrapping symbolize highly useful facets of the end of a packaging line, which is the core function of every industry and indicates the product’s cycle involving a multifaceted distribution network and modes of transportation.
The techniques and methodology in palletizing differ from manual palletizing to semi-automatic and automatic procedures. The implementation of palletizing varies depending on the requirement of end-users. Over the past few years, more advanced automatic and robotic palletizing systems have emerged all over the world. Advancements in technology, the requirement to expand speed as well as the quality of packaging lines along with changing dynamics of preferences of consumers have fostered the development of more automated and robotic palletizing systems.
It has been noticed that robotics has become an essential part of the packaging domain. The palletizing systems market has grown at a rapid pace over the past few years and is likely to expand at a stupendous CAGR over the next few years.
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Global Palletizing Systems: Market Segmentation
The Global Palletizing Systems market is segmented based on types which include floor-level palletizers, high-level palletizers and robotic palletizers. The robotic palletizers are further bifurcated by inline palletizing, layer palletizing and mixed case palletizing. The robotic palletizers captured a significant share of the total revenue of the global palletizing market in 2015. Thus due to its superior automation features, the robotic palletizers are expected to account for the highest share in the overall revenue of the market by 2026.
The global palletizing systems market is also divided by applications such as case palletizers, pail palletizers, bulk palletizers, and bag palletizers. The global palletizing systems market is also fragmented by type of techniques which include semi-automated palletizing, and automatic palletizing.
Global Palletizing Systems Market: Growth Drivers
Advancements in technology along with the prominence of the conglomerates on enhancing operational efficiencies and supply chain utilizing palletizing systems are fostering the growth of the global palletizing systems market. Apart from this, the robust demand for palletizers in food and beverage is foreseen to strengthen the growth of the global palletizing systems market over the period 2016-2026. It has been noticed that the beverage and food industries are gradually inculcating efficient and innovative ways of packaging, thus increasing demand for newer machines in palletizing.
The evolution of new human-machine interface controls, which are changing both old and robotic palletizers by providing features for handling multi-case sizes, layers of product and patterns is anticipated to expand the growth of the global palletizing systems market over the next 10 years from 2016-2026.
Global Palletizing Systems Market: Regional Outlook
Geographically, the Global Palletizing Systems industry can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, the Middle East and Africa. Amongst all the mentioned regions, Europe captured the highest share in the overall global palletizing systems market in 2015.
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In the same year, Europe, The US and Asia Pacific captured the highest share in the global palletizing systems market. Asia Pacific region is expected to develop as a rapidly growing market for the palletizing system during the forecast period. Middle East and Latin American countries are also anticipated to observe rapid growth in future.
Global Palletizing Systems Market: Players
Some of the major conglomerates capturing a substantial market share in the Global Palletizing Systems market include ABB Flexible Automation Inc., Kuka Roboto GmbH, ABC packaging, Intelligrated Inc, Cermex group, Beumer Corporation, KHS GmbH, Alligator Automation Inc, Adept Technology Inc., and others.
The companies are focusing on the development of more robotic palletizers as per the requirements of various industries and to gain a competitive advantage in the global palletizing systems market.
The Report covers an exhaustive analysis on
- Palletizing Systems Market Segments
- Palletizing Systems Market Dynamics
- Historical Actual Market Size, 2013 – 2016 for Global Palletizing Systems Market
- Palletizing Systems Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Palletizing Systems Market Current Trends/Issues/Challenges
- Competition & Companies involved in Global Palletizing Systems Market
- Technology
- Value Chain
- Global Palletizing Systems Market Drivers and Restraints
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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