The global palletizers market is experiencing consistent growth and is expected to reach a market value of USD 3.4 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2028. The increasing demand for palletizers, particularly robotic palletizers, is a significant driver for market growth, and leading companies are expected to capture a substantial market share ranging from 30% to 35%.
The bags and sacks segment within the palletizers market is projected to exhibit rapid growth, with a projected CAGR of 6.8% during the forecast period. This growth is attributed to the escalating demand for efficient packaging solutions, especially in industries like food and beverages.
The Asia Pacific region, led by China, is expected to dominate the palletizers market, achieving a robust expansion rate of 8.5% over the forecast period. As of 2022, the region is anticipated to hold a prominent market share of 45.5%.
The introduction of new technologies, especially robot palletizers equipped with artificial intelligence, has brought significant advancements to the market. These intelligent systems can learn and adapt, leading to more efficient task performance and increased manufacturing productivity. The acquisition of Arima by Premier Tech in April 2022 further boosted the demand for palletizers and strengthened smart manufacturing capabilities.
Overall, the palletizers market is on a trajectory of steady growth, driven by the increasing adoption of robotic palletizers and the demand for efficient packaging solutions in various industries. As manufacturers focus on enhancing productivity and efficiency in their operations, the demand for palletizers is expected to rise, leading to continued market expansion in the coming years.
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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 achieve a market value of US$ 1.9 billion by 2028.
- The bags and sacks segment is anticipated to experience fast-track growth of 6.8% during the forecast period, driven by the demand for efficient packaging solutions, especially in the food and beverage industry.
- The Asia Pacific region, with China at the forefront, is expected to dominate the market, holding a substantial market share of 45.5% in 2022, and growing by 8.5% over the forecast period.
- The integration of artificial intelligence in robot palletizers enables them to learn and adapt, optimizing performance.
- Premier Tech’s acquisition of Arima is set to enhance manufacturing productivity and drive market demand.
- Hybrid machinery is gaining popularity due to its cost-effectiveness, contributing to the overall growth of the palletizers market.
- Palletizers offer several advantages for food and beverage packaging, including 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:
The United States is witnessing high demand for robotic automated palletizers, driven by factors such as the rise of online shopping and the need for automation due to labor shortages. Industries like food and beverages, pharmaceuticals, automotive, and retail sectors readily adopt innovative palletizing solutions, benefiting from reduced labor costs, increased productivity, and standardized palletization.
In the global market, India shows promising growth in the palletizers market, with a projected CAGR of 7.8% in the Asia Pacific region. The country’s booming e-commerce industry is driving the demand for single-SKU palletizers for retail and warehouse fulfillment. Additionally, international market players are investing in India due to lower production costs, and robotics and automation are making significant contributions to India’s GDP, creating more opportunities.
Market Benefits
- The research offers a comprehensive analysis of the global palletizers market, presenting current trends and future projections to identify lucrative investment opportunities.
- Detailed examination of key market players and their strategies provides insights into the competitive landscape of the industry.
- The study includes an in-depth analysis of market trends based on applications, providing valuable insights into industry developments.
- Through a quantitative analysis spanning from 2022 to 2028, the report equips stakeholders to leverage existing market opportunities effectively.
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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