Palletizer Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product Type, Application and Region
Global Palletizer Market was valued nearly US$ 5.07 Bn. in 2022. Global Palletizer Market size is estimated to grow at a CAGR of 5.78% and is expected to reach at US$ 7.52 Bn. by 2029.
Format : PDF | Report ID : SMR_482
Palletizer Market Overview:
Despite revenue declines due to the pandemic, CXOs across industries believe that the COVID-19 situation is prompting them to accelerate plans to invest in automation and robotics to effectively manage operations. The shift from manual to automated operations is becoming more popular as employers' expectations for worker safety & flexibility rise. The global report on the palletizer market is studied and analysed by segment analysis on the basis of prodcut type, application and region.
Palletizers are one of the most critical components of automated material handling equipment. Conventional palletizers or robotic palletizers are used to automate the pallet construction process at a warehouse, fulfillment center, or manufacturing plant, depending on the necessity. Many various technologies may be used depending on the palletizer to assist the maker in producing the correct pallet. Since the FDA Food Safety Modernization Act (FSMA) was enacted in 2011, there has been a greater emphasis on preventing contamination in the US food supply. SCARA robotic palletizers are commonly used in the food industry. Manufacturers aiming to improve their efficiency will find them appealing because of their low cost, small footprint, & high throughput rates. SCARA robotic palletizers are faster than Cartesian palletizers in most cases.
The drug companies is also crucial to the palletizer market. For unsupervised pharmaceutical manufacture, fully automatic palletizers are used. The business is booming, thanks to the support of the European and Asian pharmaceutical companies. Palletizers are becoming more popular in the cosmetic business as awareness and demand for Halal certified beauty goods grows in the MEA area. Palletizer's rise in the personal care market in APAC is being pushed by the K-beauty trends, which are known for their quirky and imaginative packaging. Because of the penetration level of packaging machinery in the region, North America has the greatest market share of all the regions. The packing machinery industry in the Americas is expected to be worth USD 16.1 Bn in 2024, according to the (PMMI).
Europe, led by Italy & Germany, is expected to grow at a moderate rate in the palletizer market. According to the Federal Statistical Office of Germany, over 250 enterprises, mostly medium-sized businesses, produced packing machinery worth around EUR 7.3 Bn, up 2% from the previous year. The Italian government's Industry 4.0 incentive programme is also assisting the expansion of packing machinery and palletizers in the country.
Even before the COVID-19, the adoption of robotics, automated material handling equipment, artificial intelligence (AI), and other advanced technologies into distribution centres (DCs) was on the rise, driven by the need to manage high-velocity operations with limited and increasingly expensive labour resources while meeting the ever-changing demands provided by digital commerce, resulting in the studied palletizer market growth.
Market Trends to Watch
The Food and Beverage Industry Has Room for Growth
The food and beverage industry has always played a significant role in increasing palletizer market revenue. Retailer demands are rising steadily as competition between retailers intensifies and government regulations become more stringent. As a consequence, the requirement for palletizing robots in the F&B industry has never been greater.
Palletizers are the most preferred and beneficial packing machinery products for food and beverage items because to their low cost, small footprint, and high throughput rate. Palletizing systems are essential parts at the conclusion of a packing line, a critical operation for industries such as pharmaceuticals, chemicals, personal care, and cosmetics.
The central palletizing approach was the most applied alternative owing to space constraints within the facility. A neutral to positive return on cost of products sold, a reduction in forklift traffic around the assembly lines, improvements in work quality, particularly ergonomics, as well as the installation of a tough & consistent system were among the system's criteria.
Considering all of the global technology and developments in the food processing industry, such as the implementation of the guidance and advices assembly robot arm (SCARA), as well as in the manufacturing industry, which are both contributing to lower energy costs, it can be concluded that the packaging machinery and palletizer market is poised for advancements in the near future. Dairy processors are requesting upgrades to their processing equipment. Palletizing automation, when properly implemented, boosts productivity over human workers' labor-intensive repetitive actions. According to the PMMI research, two out of every three manufacturing facilities have palletizing robots installed, plan to deploy, or add them to their operations.
Furthermore, since the outbreak of the COVID-19 pandemic, different FMCG production facilities have been under greater pressure to enhance production speed. As a consequence, the palletizer market is projected to grow through out the forecast period.
North America is expected to take a sizable share of the market.
The U.s is one of the world's largest and most established marketplaces for palletizing innovations. The country's strong economy, which includes increasing port traffic, e-commerce activity, and important manufacturing indices, has resulted in significant manufacturing expansion and therefore is expected to fuel demand in the palletizer market.
The largest sources of demand for such solutions in the country are retail, automotive, food and beverage, and pharmaceutical. Prior to COVID-19, it was predicted that annual corrugated packaging shipments in the United States will exceed 470 billion square feet by 2025. The requirement for food and beverage industry items to be transported while maintaining a cost-effective SKU for shipping has led to widespread adoption of the company's palletizing solutions, regardless of their size. Because the increasing demand to keep the real product safer and well sterilized after a pandemic, this quantity is projected to be larger than estimated.
The demand for automation and robots, notably robotic palletizers in industrial settings, has been increasing in the United States. As a result, the country has experienced a number of product releases. Quest Industrial, for example, will debut a robotic palletizer, the QB300 series, at PACK EXPO 2021 in September 2021. Box Bot is a small-footprint robotic palletizer that allows an operator to quickly and easily create and produce accurate pallet patterns from bags to boxes and other product types. According to data from the US International Trade Commission, goods imports into the US fell by 11% in the first eight months of 2020 compared to the same time the previous year, but industrial robot imports rose by 5%.
The objective of the report is to present a comprehensive analysis of the Palletizer Market to the stakeholders in the industry. The report provides trends that are most dominant in the Palletizer Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Palletizer Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Palletizer Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Palletizer Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Palletizer Market is aided by legal factors.
Palletizer Market Scope:
Palletizer Market Scope
Market Size in 2022
USD 5.07 Bn.
Market Size in 2029
USD 7.52 Bn.
by Product Type
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Palletizer Market Major Players:
- A-B-C Packaging Machine Corp.
- ABB Ltd.
- BEUMER Group GmbH & Co. KG
- Honeywell Intelligrated
- KION Group AG
- Krones AG
- Schneider Packaging Equipment Co. Inc.
- YASKAWA Electric Corp.
- Barry-Wehmiller Companies, Inc.
- Arrowhead Systems Inc.
Frequently Asked Questions
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Palletizer Market: Target Audience
2.3. Global Palletizer Market: Primary Research (As per Client Requirement)
2.4. Global Palletizer Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Region, 2022-2029(In %)
188.8.131.52. North America Market Share Analysis, By Value, 2022-2029 (In %)
184.108.40.206. Europe Market Share Analysis, By Value, 2022-2029 (In %)
220.127.116.11. Asia Pacific Market Share Analysis, By Value, 2022-2029 (In %)
18.104.22.168. South America Market Share Analysis, By Value, 2022-2029 (In %)
22.214.171.124. Middle East and Africa Market Share Analysis, By Value, 2022-2029 (In %)
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.2. Market Restraints
4.2.3. Market Opportunities
4.2.4. Market Challenges
4.2.5. PESTLE Analysis
4.2.6. PORTERS Five Force Analysis
4.2.7. Value Chain Analysis
4.3. Global Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
126.96.36.199. Global Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
188.8.131.52.1. Robot Stacker Crane
184.108.40.206.2. Mechanical Pallet
220.127.116.11. Global Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
4.4. North America Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
18.104.22.168. North America Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
22.214.171.124.1. Robot Stacker Crane
126.96.36.199.2. Mechanical Pallet
188.8.131.52. North America Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
184.108.40.206. North America Market Share Analysis, By Country, 2022-2029 (Value US$ BN)
4.5. Europe Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
220.127.116.11. Europe Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
18.104.22.168. Europe Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
22.214.171.124. Europe Market Share Analysis, By Country, 2022-2029 (Value US$ BN)
126.96.36.199.8. Rest Of Europe
4.6. Asia Pacific Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
188.8.131.52. Asia Pacific Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
184.108.40.206. Asia Pacific Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
220.127.116.11. Asia Pacific Market Share Analysis, By Country, 2022-2029 (Value US$ BN)
18.104.22.168.4. South Korea
22.214.171.124.7. Rest Of APAC
4.7. South America Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
126.96.36.199. South America Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
188.8.131.52. South America Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
184.108.40.206. South America Market Share Analysis, By Country, 2022-2029 (Value US$ BN)
220.127.116.11.3. Rest Of South America
4.8. Middle East and Africa Palletizer Market Segmentation Analysis, 2022-2029 (Value US$ BN)
18.104.22.168. Middle East and Africa Market Share Analysis, By Product Type, 2022-2029 (Value US$ BN)
22.214.171.124. Middle East and Africa Market Share Analysis, By Application, 2022-2029 (Value US$ BN)
126.96.36.199. Middle East and Africa Market Share Analysis, By Country, 2022-2029 (Value US$ BN)
188.8.131.52.1. South Africa
184.108.40.206.5. Rest Of ME&A
Chapter 5 Stellar Competition Matrix
5.1.1. Global Competition Matrix
5.1.2. North America Competition Matrix
5.1.3. Europe Competition Matrix
5.1.4. Asia Pacific Competition Matrix
5.1.5. South America Competition Matrix
5.1.6. Middle East and Africa Competition Matrix
5.2. Key Players Benchmarking
5.2.1. Key Players Benchmarking By Product Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.3. Mergers and Acquisitions in Navigation Technology
5.3.1. M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1. Key Players
6.1.1. A-B-C Packaging Machine Corp.
220.127.116.11. Company Overview
18.104.22.168. Source Portfolio
22.214.171.124. Financial Overview
126.96.36.199. Business Strategy
188.8.131.52. Key Developments
6.1.2. ABB Ltd.
6.1.3. BEUMER Group GmbH & Co. KG
6.1.4. Honeywell Intelligrated
6.1.5. KION Group AG
6.1.6. Krones AG
6.1.7. Schneider Packaging Equipment Co. Inc.
6.1.9. YASKAWA Electric Corp.
6.1.10.Barry-Wehmiller Companies, Inc.
6.1.11.Arrowhead Systems Inc.
6.2. Key Findings