The global palletizer market size is expected to gain momentum by reaching USD 2.32 billion by 2028 from USD 1.74 billion in 2021 while exhibiting a CAGR of 4.2% between 2021 to 2028. In its report titled “Palletizer Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 1.67 billion in 2020.
A palletizer is a
machine that helps in automatic sorting, stacking, and transferring of products
onto pallets, usually at the end of a manufacturing line and freight forwarding. Its
implementation is dependent on the requirements of the end-users. The demand
for this machine has increased owing to the increased demand and manufacturing
of convenience products worldwide. Furthermore, in the food and beverages
industry, its application is diverse. Thus due to increasing diversity and its
application, manufactures are innovating to improve their functionality even
more by using technologies such as Human-Machine Interface (HMI).
List of Key Players Profiled in Pelletizer Market Report
·
Fuji Yusoki Kogyo
Co., Ltd. (Germany)
·
Kawasaki Heavy
Industries, Ltd. (Japan)
·
A-B-C Packaging
Machine Corporation (U.S.)
·
Krones AG
(Germany)
·
ABB (Switzerland)
·
KUKA AG (Germany)
·
BW Packaging
Systems (U.S.)
·
KHS Group
(Germany)
·
Honeywell
Intelligrated (U.S.)
·
BEUMER GROUP
(Germany)
What does the Report Provide?
The research report of the market for
palletizers provides a detailed analysis of several factors, such as the key
drivers and restraints that will impact growth. Additionally, the report
provides insights into the regional analysis that covers different regions,
contributing to the growth of the market. It includes the competitive landscape
that involves the leading companies and the adoption of strategies to introduce
new products, announce partnerships, and collaborate to contribute to the palletizer
market growth.
Drivers & Restraints
Popularity of Human-Machine Interface
(HMI) to Bolster Market Growth
In today’s world of technology,
everything is automated. Therefore, the manufacturing sector to advancements is
adopted to increase the production and manage their distribution smoothly.
Therefore, manufacturers are adopting the HMI. Many companies are investing in
this technology to increase their output and reduce downtime. For instance, in
August 2019, PremierTech and Bühler Group collaborated to develop automated
palletizing, food-safe bagging, and other solutions.
On the other hand, the high capital
expenditure required for research & development and manufacturing processes
at the initial stage is the major market constraint.
Read a Detailed Summary of This Report: https://www.fortunebusinessinsights.com/palletizer-market-104445
COVID-19 Impact
The pandemic crippled the global economy. However, the palletizing market was moderately affected. As per our analysis, the market exhibited a lower growth of 3.0% in 2020 as compared to the average year-on-year growth during 2017-2019. However, the pandemic generated health emergencies. Therefore, the demand for healthcare and pharmaceuticals products increased. This resulted in increased demand for robotic machines. Thus the market for palletizers is expected to thrive during the forecast period.
Regional Insights
Asia Pacific to Remain at Forefront
Backed by Well Established Infrastructure
Asia Pacific is expected to remain at
the forefront and hold the highest position in the palletizing machinery market
during the forecast period owing to the adoption of robotic palletizing
machines in the manufacturing sectors. Furthermore, leading players of the
market are setting up their manufacturing plants across India, China, and some
south-east Asian countries where the cost of production is low. The region’s
market stood at USD 0.72 billion in
2020.
North America is expected to showcase
a steady growth in the palletizer market share in upcoming years owing to the
stable regional market. North America has strong economic growth and presence
of key manufacturers such as BW Packaging Systems, KHS Group, A-B-C Packaging
Machine Corporation, Krones AG, and others. This is fueling the regional market
growth.
Competitive Landscape
Key Players to Focus on New Launches
to Strengthen Market Growth
The palletizing machine market is
consolidated by major companies striving to maintain their position by focusing
on new launches and acquisitions. For instance, in April 2020,
PremierTech launched the AR-225 model. It is a fast robotic palletizer that
delivers ~25 bags/minute. This palletizing machine lowers the downtime with its
pallet magazine and dispenser that handles pallets of different sizes. Such new
launches will significantly enhance their portfolio of innovative products in
the dentistry segment, and such proactive strategies are expected to drive the
market in upcoming years.
Industry Development
October 2018: Honeywell Intelligrated launched solutions for palletizing equipment that is automated. It provides equipment diagnostics, real-time equipment monitoring, and asset-level insights to boost performance and reliability.
Read Press Release: https://www.fortunebusinessinsights.com/press-release/global-palletizer-market-10314
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