For several years, the food and beverage industry has dominated the global palletizers market. The increased demand for food and beverage products has prompted the use of packaging for products shipped around the world. The dynamic shipping of food products with no damage or spillage increases the market demand for palletizers because these palletizers can easily stabilize the loads, which is expected to drive the demand for robotic palletizers.
According to Data Bridge Market Research the Palletizers Market accounted for USD 782.00 million in 2021, and expected to reach USD 1218.45 million by 2029. The market is expected to grow with a CAGR of 5.70% in the forecast period of 2022 to 2029.
“High Demand across Food and Beverages Industry to Facilitate Market Growth”
The food and beverage industry has long been a major contributor to palletizer sales growth. Retailer requirements are becoming more stringent as distributor competition intensifies and government regulations become more stringent. As a result, the need for palletizing robots in the food and beverage industry has never been greater.
Furthermore, the growing diversity and applications of palletizers will accelerate the market's growth rate. The multinational's dominance in improving operational efficiencies and supply chain efficiency, combined with falling prices for highly advanced technology, drives market value growth. One of the market growth determinants is the increasing demand for SCARA robots in the food processing industry.
What restraints the growth of Palletizers market?
- “High Overall Cost”
The high hardware cost combined with the high support cost is expected to hamper the growth of the palletizers market. The capital expenditure required for research and development and manufacturing processes at the initial stage is hindering the market growth.
- “Not Suitable for Every Situations”
Although palletizers can be used in most warehouse and factory environments, unusually sized pallets or products may necessitate the use of additional equipment or tools. This factor will put pressure on the palletizers market's growth rate.
Segmentation: Palletizers Market
The palletizers market is segmented on the basis of product, type and end-user.
- On the basis of product, the palletizers market is classified into
conventional palletizers, robotic palletizers.
- On the basis of product type, the palletizers market is classified into cases and boxes, bags and sacks, pails and drums, trays and crates, bundles.
- On the basis of end-user, the palletizers market is classified into food and beverage pharmaceuticals, personal care and cosmetics, chemicals, others.
Regional Insights: North America is expected to dominate the Palletizers Market
North America is expected to dominate the market is due to the region's strong economic growth and the presence of key players.
- In addition, the Asia-Pacific region is likely to register the highest growth rate during the forecast period of 2022 to 2029 because of the widespread use of robotics and automation in the manufacturing and commercial sectors in emerging markets such as India and China.
To know more about the study visit, https://www.databridgemarketresearch.com/fr/reports/global-palletizers-market
Recent Developments in Palletizers Market
- In 2020, PremierTech launched the AR-225 model. It's a quick robotic palletizer that can produce 25 bags per minute. This palletizing machine reduces downtime with its pallet magazine and dispenser, which can handle pallets of varying sizes.
- In 2020, Robotiq Inc. introduced a new robotic palletizing solution for lower throughput applications requiring frequent tasks and box or pallet size changes. This application-specific technology is made up of fully connected, plug-and-play software and hardware with pre-programmed functions.
The Prominent Key Players Operating in the Palletizers Market Include:
- A-B-C Packaging Machine Corporation (U.S.)
- ABB (Sweden)
- Columbia Machine, Inc. (Columbia)
- Premier Tech Ltd., (Canada)
- 3M (U.S.)
- Anchor Packaging LLC, (U.S.)
- Berry Global Inc., (U.S.)
- CeDo Ltd., (U.K.)
- Dow., (U.S.)
- FANUC Corporation (Japan)
- Kion Group AG (Germany)
- Kuka AG (Germany)
- Honeywell International Inc (U.S.)
- Krones AG (Germany)
- Wildeck (U.S.)
- Schneider Packaging Equipment Co. Inc. (U.S.)
- Okura Yusoki Co., Ltd. (Japan)
- Fuji Robotics Americas (U.S.)
- Concetti S.P.A (Italy)
Above are the key players covered in the report, to know about more and exhaustive list of palletizers market companies contact, https://www.databridgemarketresearch.com/fr/contact
Research Methodology: Global Palletizers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
