Pune, India, Oct. 05, 2021 (GLOBE NEWSWIRE) -- 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).
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List of Key Players Profiled in Palletizer 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)
Palletizer Market Report Scope and segmentation:
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 4.2% |
| 2028 Value Projection | USD 2.32 Billion |
| Base Year | 2020 |
| Market Size in 2021 | USD 1.74 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 140 |
| Segments covered | Technology; Product type; and Application |
| Growth Drivers | Popularity of Human-Machine Interface (HMI) to Bolster Market Growth |
| Asia Pacific to Remain at Forefront Backed by Well Established Infrastructure | |
| Pitfalls & Challenges | High Initial Investments in Manufacturing to Impede Market Growth |
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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 this market is expected to thrive during the forecast period.
Market Segmentation:
By technology, this Palletizer Marketis divided into robotics, low level or floor level, and high-level. By product type, the market is segmented into bulk, case, bag, pail, and others. By application, the market for palletizers is segregated into food and beverage, cosmetic & personal care, healthcare & pharmaceuticals, and others.
Based on technology, the high-level segment held a market share of 32.8% in 2020. This is attributable to its application in carrying load products from above the ground level.
Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
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.
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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.
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Table of Contents
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Palletizer Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in the public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Primary Interview Responses
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