The global palletizers market is experiencing steady growth, and it is projected to reach USD 3.4 billion by 2028. The market is expected to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2028. The increasing demand for palletizers, particularly robotic palletizers, is a significant driver of market growth. Leading companies are expected to hold a substantial market share of 30% to 35%.
According to a study by Future Market Insights (FMI), the bags and sacks segment within the palletizers market is expected to exhibit fast-track growth of 6.8% during the forecast period. This growth is attributed to the rising demand for efficient packaging solutions in industries such as food and beverages. The Asia Pacific region, with China at the forefront, is projected to dominate the market, with an expected expansion rate of 8.5% over the forecast period.
The introduction of new technologies, particularly robot palletizers equipped with artificial intelligence, has brought significant advancements to the market. These intelligent systems can learn and adapt to perform tasks more efficiently, resulting in increased manufacturing productivity. In April 2022, Premier Tech’s acquisition of Arima strengthened its capabilities in smart manufacturing, further fueling the demand for palletizers.
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Overall, the palletizers market is expected to grow steadily, driven by the increasing demand for efficient packaging solutions and the adoption of robotic palletizers. The bags and sacks segment is anticipated to experience significant growth, particularly in the food and beverage industry. The market is expected to be dominated by the Asia Pacific region, with China leading the way. Advancements in technologies like artificial intelligence are expected to further enhance the market’s growth potential.
Key Takeaways:
- The global palletizers market is estimated to reach USD 3.4 billion by 2028, growing at a CAGR of 4.7% from 2022 to 2028.
- Robotic palletizers are expected to reach a market value of US$ 1.9 billion by 2028.
- The bags and sacks segment is projected to experience fast-track growth of 6.8% during the forecast period.
- The Asia Pacific region is expected to hold a prominent market share of 45.5% in 2022, with China expanding by 8.5% over the forecast period.
- The use of artificial intelligence in robot palletizers enables them to learn and adapt to optimize performance.
- Premier Tech’s acquisition of Arima is set to boost manufacturing productivity and drive market demand.
- Hybrid machinery is gaining popularity due to its cost-effectiveness, contributing to the growth of the palletizers market.
- Palletizers are highly advantageous for food and beverage packaging, thanks to their low cost, small footprint, and high throughput rate
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.
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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.
United States Drives Demand for Robotic Automated Palletizers, India Shows Promising Growth in the Global Market:
In the United States, the demand for robotic automated palletizers is expected to witness high growth. With around 93% market share in North America, the U.S. market is driven by factors such as the rise of online shopping and the need for automation due to labor shortages. Industries such as food and beverages, pharmaceuticals, automotive, and retail sectors in the U.S. readily adopt innovative palletizing solutions. Automated robotic palletizers offer benefits such as reduced labor costs, decreased chances of product damage, increased productivity, and standardized palletization. Due to rising labor costs and a shortage of available labor, the demand for automated robotic palletizers is expected to grow significantly in the United States.
In the global market, India is expected to have a significant impact on the palletizers market, with a promising CAGR of 7.8% in the Asia Pacific region. The country is experiencing a boom in the e-commerce industry, leading to increased demand for single-SKU palletizers for retail and warehouse fulfillment. Moreover, international market players are investing in India and establishing manufacturing plants due to the lower cost of production. Robotics and automation have made significant contributions to India’s GDP, and the technology is expected to generate more opportunities in the country. The FMCG, food, and beverage industries in India are also witnessing growth in palletizer packaging, driven by changing consumer dynamics, evolving food consumption patterns, and technological advancements
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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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