The global palletizers market is estimated to be valued at USD 2.6 billion in 2022 and is projected to reach USD 3.4 billion by 2028, growing at a compound annual growth rate (CAGR) of 4.7% during the period from 2022 to 2028.
The demand for palletizers is expected to be the highest, with leading players holding a significant market share of 30% to 35%. Robotic palletizers, in particular, are anticipated to reach a market value of US$ 1.9 billion by 2028. Among the different product types, the bags and sacks segment is expected to exhibit rapid growth, with a CAGR of 6.8% during the forecast period.
According to a study conducted by Future Market Insights (FMI), the palletizers market is poised to expand 1.4 times during the forecast period, presenting lucrative investment opportunities for manufacturers.
The Asia Pacific region is projected to be the dominant market, holding a substantial market share of 45.5% in 2022, with China expected to experience growth of 8.5% over the forecast period. In Eastern and Western Europe, the cumulative market share of palletizers is expected to reach approximately 22.1% in 2022.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7084
Advancements in the market include the adoption of robot palletizers equipped with artificial intelligence, enabling them to learn and implement necessary changes based on similar tasks performed. In April 2022, Premier Tech’s acquisition of Arima was announced, aimed at enhancing manufacturing productivity and contributing to the overall transformation of the company, thereby boosting the demand for palletizers.
According to FMI analysis, the palletizers market is expected to witness a growth of 20 basis share points (BPS) in H1-2022 compared to H1-2021. Moreover, a rise in BPS change by 40 BPS is anticipated when comparing the projected H1-2022 with the outlook period. This change in growth rate can be attributed to the utilization of cost-effective hybrid machinery.
Despite the positive prospects, palletizers are most preferred and advantageous for food and beverage packaging due to their affordability, compact footprint, and high throughput rate.
Key Takeaways:
- The global palletizers market is projected to reach USD 3.4 billion by 2028, growing at a CAGR of 4.7% from 2022 to 2028.
- Robotic palletizers are expected to hold a market value of US$ 1.9 billion by 2028.
- The bags and sacks segment is anticipated to exhibit a fast-track growth rate of 6.8% during the forecast period.
- The Asia Pacific region is expected to dominate the palletizers market, with China experiencing significant growth.
- Advancements in the market include the adoption of robot palletizers with artificial intelligence capabilities.
- Premier Tech’s acquisition of Arima aims to enhance manufacturing productivity and boost market demand.
- The use of hybrid machinery contributes to cost-effectiveness and drives growth in the palletizers market.
- Palletizers are particularly advantageous for food and beverage packaging due to their affordability, small footprint, and high throughput rate.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7084
The market volume for global palletizers is expected to expand at 1.6X over the forecast period 2022-2028
Detailed profiles of palletizers companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global palletizers market are Premier Tech Chronos Ltd., ABB Ltd., FANUC Corp., Kion Group, Kuka Group, Honeywell International Inc., Okura Yusoki Co., Ltd., Columbia Machine, Inc., Fuji Yusoki Kogyo Co., Ltd. and Concetti S.P.A.
In global palletizers market report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively.
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 Players:
- 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.
Country-wise Insights
Why the Robotic Automated Palletizers will Witness High Demand in the United States?
According to FMI, The U.S. is anticipated to hold around ~93% of the market share in North American till the year 2028. According to Association For Advancing Automation, the need for automation is continuing to grow due to the rise of online shopping, labor shortage requires more assistance from technological solutions. The United States is one of the most developed markets in accepting novel and innovative pelletizing solutions in various industries such as food and beverages, pharmaceuticals, automotive and retail sectors.
For instance,
- Honeywell Intelligrated’s Alvey 950 Hybrid Palletizing Solutions has repeatable pattern forming at very high speeds of more than 125 cases packaging per minute and is excellent in small and complex pattern packaging.
The automated robotic palletizers reduce the labor overheads, decrease the likelihood of damage and increase the productivity, the throughput of the line due to pallet standardization. Therefore, due to increased labor costs and the shortage of availability of labor, the demand for automated robotic palletizers is expected significant growth in the United States.
What will be the Impact of India on the Global Palletizers Market?
India is estimated to hold a promising CAGR of 7.8% in Asia Pacific during the forecast period. According to the All India Council for Robotics & Automation, robotics and automation is the key technology that has made a significant contribution to the GDP and it will generate more opportunities in the country. India is expected to witness the largest market share for robotic automated palletizing solutions owing to leading international market players are investing and establishing their manufacturing plants in India due to the lower cost of production.
The boom in the e-commerce industry in India and changing consumers’ preferences inclined towards online shopping and fast doorstep delivery will exhibit rising demand for single-SKU (Stock Keeping Unit) palletizers for retail and warehouse fulfilments. The growth of palletizer packaging in the FMCG, food, and beverage industry is rising in India due to change in food consumption patterns, swift in consumer dynamics, and technological advancement.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/7084
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com