The demand for palletizers will accelerate the most, with top-tier players holding 30% to 35% of the total palletizers market. Robotic palletizers are expected to reach a market value of US$ 1.9 billion by 2028. The bags and sacks product type segment is expected to hold a fast-track growth of 6.8% during the forecast period.
A study conducted by FMI estimates that the market for palletizers will expand 1.4x times during the forecast period, which is expected to generate lucrative investment opportunities for manufacturers. The palletizers market is estimated at USD 2.6 billion in 2022 and is projected to reach USD 3.4 billion by 2028, at a CAGR of 4.7% from 2013 to 2021.
Future Market Insights predict a comparison and review analysis of the dynamics of the palletizers market, which is principally subjected to an array of industry factors along with a few definite influences concerning high initial investments in manufacturing to impede the market growth.
Some new advances that have taken place in the market include the use of robot palletizers which have artificial intelligence that can learn the actions performed on the machine and implement the necessary changes themselves when the system performs similar tasks.
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Competitive Landscape
The key manufacturers operating in the palletizers market are trying to focus on innovative product launch, expansion due to the increasing demand from the food, beverage and pharmaceutical sectors.
- In January 2021, CONCETTI S.p.A. launched a new LAMPO palletizer and expanded its range with a high-speed automatic palletizer. This palletizer reaches up to 1800 bags per hour.
- On 2 Sep 2021, Quest Industrial launched the new standard version of Box Bot C-2825, a space-saving robotic palletizer to design and produce pallet patterns easily and quickly from bags to boxes.
Key Companies Profiled
- Premier Tech (PT)
- ABB Ltd.
- FANUC CORPORATION
- KUKA AG
- Honeywell International Inc.
- Kion Group AG
- Okura Yusoki Co., Ltd.
- Columbia Machine, Inc.
- Fuji Yusoki Kogyo Co., Ltd.
- CONCETTI S.p.A.
Market Trends
- The food & beverage industry has continuously been a key contributor enhancing the revenue of palletizers. As the competition between distributors continues to accentuate and government regulations become more stringent, the retailer demands continue to increase. Thus, the requirement for palletizing robots has never been more imperative for achievement in the food and beverage industry.
- The palletizer market is considering all trends and innovations that are happening globally. For instance, with the food process industry implementing selective compliance assembly robot arms and the manufacturing industry contributing to the decrease in energy costs, it can be concluded that the market is braced for advancements in packaging machinery in the near future.
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How Will the Increase in Demand for 3PL (Third Party Logistics Providers) Impact the Growth of the Palletizer Market?
To manage and oversee the supply chain management, third party logistics providers are utilized by many e-commerce businesses, manufacturing, and retail. The key component of any business or company is to effectively manage the supply and demand gap. The 3PL provides order accuracy, cost-effective transportation, and accuracy.
Modern technologies integrated with 3PL will be able to provide complete supply chain visibility to ensure seamless execution. The demand for 3PL increases as the companies are demanding a solution that will bring down their cost and successfully manage their supply chain.
As the palletizers are used to stack and transfer goods on the pallet and are convenient and good for high-volume shipping. Thus there is a huge demand for palletizers in 3PL, this will augment the demand of the palletizers market.
Palletizers Market by Category
By machine type, palletizers market is segmented as:
- Conventional Palletizers
- Low-level
- High-level
- Robotic Palletizers
- Anthromorphic
- Gantry
By product type, palletizers market is segmented as:
- Cases & Boxes
- Bags & Sacks
- Pails & Drums
- Trays & Crates
- Bundles
By end-user industry, palletizers market is segmented as:
- Food
- Beverage
- Pharmaceutical
- Cosmetics
- Chemical
- Building & Construction
- Others
By region, palletizers market is segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Analysis
1.2. Global Market Outlook
1.3. Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
2.2. Market Coverage
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation
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