The ‘Global Palletizer Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global palletizer market, assessing the market on the basis of its segments like product type, technology, application, and major regions.
Global Palletizer Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 2.64 billion
- Forecast CAGR (2023-2028): 5.20%
- Forecast Market Size (2028): USD 3.57 billion
The palletizer market growth is being driven by the thriving manufacturing sector, increasing globalisation, and rising disposable incomes. As the demand for various products rises, there is a growing demand for warehousing and logistics solutions, for which palletizers are increasingly being used. Bulk manufacturing, sales, and shipments of products can lead to large volumes of products that need to be stored and managed effectively. Palletizers enable fast and efficient movement and management of products while minimising the need for human efforts. In various warehouses, palletizers are used to streamline supply chains by stocking and organising products on pallets for further movement, which is bolstering the palletizer market demand.
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Among the key applications of palletizers in the market are the food and beverage and healthcare and pharmaceuticals industries. In the food and beverage sector, palletizers aid in organising and storing a diverse array of products, including larger and heavier packages. The speedy performance of palletizers reduces time spent in warehousing and logistics, thereby facilitating an extended shelf life. Meanwhile, due to the essential and time-sensitive nature of healthcare and pharmaceuticals products, palletizers are extensively being used to streamline product storage and logistics. Specialised palletizers are available for cold storage warehouses, aiding in temperature control during logistics, and providing impetus to the palletizer market.
Palletizer Industry Definition and Major Segments
Palletizers are machines that are used to stack products on a pallet and organise them, enabling easier, safer, and faster handling of goods. They can be semi-automatic or automatic, and can be programmed to carry out specific patterns of movements depending upon the products. Palletizers can be integrated with larger systems such as weighing, wrapping, or labelling, or can be used independently.
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Based on product type, the market is divided into:
On the basis of technology, the market is classified into:
- High Level
- Low Level or Floor Level
Based on application, the market is segmented into:
- Food and Beverage
- Healthcare and Pharmaceuticals
- Cosmetics and Personal Care
By region, the market is categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Palletizer Market Trends
Increasing use of robotic technology is among the key trends expected to influence the palletizer market in the coming years. Robotic technology improves the capabilities of palletizers and are particularly suited for high volume operations in larger warehouses. They also aid in significantly reducing operational costs and improving efficiency in applications were human labour is used for palletizing and loading/unloading of products. Integration of technologies such as artificial intelligence, automated material handling, and machine learning with palletizers offers immense potential for market development and expansion. Specialised palletizers for targeted tasks and applications are also surging in demand as they are available with high throughput rates and can be customised for the desired application.
Regionally, North America accounts for a sizable share of the global palletizer market, supported by the well established network of warehouses, propensity of bulk purchasing, and high labour costs. In countries such as the United States, extensive shipment of products through ports and other logistics channels are increasing the demand for palletizers. Due to high labour costs, presence of key market players, and early adoption of new technologies, North America has witness considerable growth in the market for palletizers. Significant growth of key applications of palletizers in North America such as healthcare and pharmaceuticals, and food and beverage, are further increasing the regional market growth.
Key Market Players
The major players in the global palletizer market report are Fuji Yusoki Kogyo Co., Ltd., Honeywell International Inc., ABC Packaging Machine Corporation, Krones AG, BEUMER Group GmbH & Co. KG, and ABB Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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