Valued at US$ 2.6 billion in 2022, the palletizers market is on a trajectory of significant expansion, with a projected leap to US$ 3.4 billion by 2028, indicating a commendable compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2028. The market’s robust growth is underpinned by the escalating demand for automated material handling solutions across various industries. As businesses increasingly prioritize efficiency and cost-effectiveness in their operations, palletizers emerge as pivotal components, streamlining the palletizing process and contributing to the overall optimization of supply chain and logistics operations.
Palletizers play a crucial role in ensuring load stability, operational efficiency, and precision in various manufacturing facilities. In the contemporary industrial landscape, a growing number of factories and plants are embracing automation through palletizing solutions, including conventional palletizers such as low-level and high-level variants, as well as robotic palletizers. As reported by the International Labour Organization (ILO), an alarming 340 million work-related occupational accidents occur globally each year, underscoring the significance of adopting advanced technologies like palletizers to enhance workplace safety and mitigate the risk of accidents.
According to FMI, the United States is poised to command the North American market with approximately 93% of the market share by 2028. The escalating demand for automation, driven by the surge in online shopping and a shortage of labor, has necessitated technological solutions to meet industry needs. The U.S. emerges as a frontrunner in embracing innovative palletizing solutions, finding application across diverse sectors like food and beverages, pharmaceuticals, automotive, and retail.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7084
An exemplary instance is the Honeywell Intelligrated’s Alvey 950 Hybrid Palletizing Solutions, showcasing the ability to create consistent patterns at high speeds, surpassing 125 cases packaged per minute. Noteworthy for efficiently managing intricate pattern packaging, these automated robotic palletizers offer benefits such as reduced labor costs, minimized risk of damage, and heightened line productivity through standardized palletization. With the persistent rise in labor costs and shortages, the United States anticipates a significant uptick in demand for automated robotic palletizers, catalyzing increased automation across multiple industries.
Key Takeaways:
- The global palletizers market is projected to reach US$ 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.
Why Robotic the Most Lucrative Segment among other Palletizers for Palletizers Market?
With an estimated CAGR of nearly ~5.6% between 2022-2028, Robotic Palletizers emerge as the most lucrative segment among other palletizers in the market. Their widespread preference among end-users is attributed to the consistent demand propelled by advantages such as enhanced productivity, efficient space utilization, versatile applicability, and significant impact on reducing labor requirements, time to market, and overall operational costs. These factors collectively contribute to the robust demand for robotic palletizers, positioning them as a key driver in the global palletizers market.
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.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7084
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.
Industry Drivers:
- Automation and Efficiency: Palletizers are increasingly adopted by industries seeking to automate their packaging processes for improved efficiency. Automation helps in reducing labor costs, minimizing errors, and enhancing overall production throughput.
- Growing Demand in E-commerce: The rise of e-commerce has led to an increased demand for efficient and automated palletizing solutions. Palletizers play a crucial role in optimizing warehouse operations and meeting the demands of online retail.
- Safety and Ergonomics: Palletizers contribute to improved workplace safety by reducing the need for manual labor in strenuous and repetitive tasks. This is particularly important in industries where heavy lifting and repetitive motion are common, as automated systems can enhance workplace ergonomics.
- Customization and Flexibility: Modern palletizing systems are designed to be flexible and easily adaptable to different packaging formats and product types. This flexibility allows manufacturers to respond quickly to changing market demands.
- Cost Savings: While there is an initial investment in palletizing systems, companies often experience long-term cost savings due to reduced labor costs, increased productivity, and minimized errors in the packaging process.
Industry Restraints:
- High Initial Investment: The upfront cost of implementing palletizing systems can be a significant barrier for smaller businesses. The initial investment includes the cost of purchasing and installing the equipment, as well as any necessary training for personnel.
- Complexity of Integration: Integrating palletizing systems into existing production lines may pose challenges, especially for older facilities with outdated infrastructure. Ensuring seamless integration without disrupting ongoing operations can be a restraint.
- Maintenance Costs: While automated palletizers can lead to cost savings over time, there are maintenance costs associated with keeping the equipment in optimal condition. Regular maintenance and occasional repairs can add to the overall cost of ownership.
- Limited Application in Small-Scale Operations: Palletizers may not be suitable for all types of manufacturing or packaging operations, particularly those with smaller production volumes. In such cases, the benefits of automation may not justify the investment.
- Technological Obsolescence: Rapid advancements in technology may lead to the obsolescence of older palletizing systems. Companies must consider the long-term viability of their chosen technology to avoid being left with outdated equipment.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/7084
Key Segmentations:
By machine type
- Conventional Palletizers
- Low-level
- High-level
- Robotic Palletizers
- Anthromorphic
- Gantry
By product type
- Cases & Boxes
- Bags & Sacks
- Pails & Drums
- Trays & Crates
- Bundles
By end-user industry
- Food
- Beverage
- Pharmaceutical
- Cosmetics
- Chemical
- Building & Construction
- Others
By region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
