Valued at US$ 2.6 billion in 2022, the palletizers market is forecasted to witness substantial growth, with a projected reach of US$ 3.4 billion by 2028, reflecting a compound annual growth rate (CAGR) of 4.7% from 2022 to 2028.
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.
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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 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.
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.
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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.
Increase in Demand for 3PL (Third Party Logistics Providers) Impact the Growth of the Palletizer Market
- Efficiency and Productivity: 3PL providers often handle a wide range of logistics services, including warehousing, distribution, and order fulfillment. Palletizers play a crucial role in optimizing the storage and transportation of goods. They can quickly and accurately stack products on pallets, making the process more efficient. As the demand for 3PL services grows, so does the need for efficient palletizing solutions.
- Handling Diverse Product Types: 3PL providers deal with various clients and products. Palletizers are designed to handle different types of products, from fragile items to heavy machinery. Their flexibility is crucial for 3PL companies, as they need to adapt to their clients’ diverse requirements.
- Space Optimization: Palletizers help maximize warehouse space by creating tightly packed pallets. This is essential for 3PL providers who often operate in facilities with limited space. The ability to store and transport goods efficiently is a key competitive advantage for 3PL companies.
- Labor Savings: With the labor shortage in some regions and the rising labor costs, automation, including palletizers, becomes more attractive. 3PL providers can benefit from reduced labor costs and improved consistency in palletizing operations by using automated solutions. This can be especially important as demand for their services grows.
- Scalability: 3PL providers may experience fluctuations in demand from different clients. Palletizers can be scalable, allowing companies to adjust their palletizing capacity based on the changing needs of their clients. This flexibility is beneficial in the dynamic world of 3PL.
- Accuracy and Customer Satisfaction: Palletizers ensure precise stacking, reducing the risk of damaged products during handling and transportation. This accuracy is critical for 3PL providers who need to maintain high customer satisfaction levels and reduce the likelihood of costly product damage claims.
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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.
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