Palletizer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Palletizer Market
The palletizer market size was valued at USD 1.67 billion in 2020, and the market is now projected to grow from USD 1.74 billion in 2021 to USD 2.32 billion by 2028, exhibiting a CAGR of 4.2% during the forecast period of 2021-2028.
Thus, the constant threat of COVID-19 has had an intolerable impact on the manufacturing processes globally, but the palletizer market remained relatively unharmed. Some of the reasons that prompted an upsurge in demand for pick-and-place robots include increased demand for pharmaceutical and health-related products. Consequently, governments are actively guaranteeing a fast delivery of machines while having in mind the need to protect workers. The overall effect to the packaging industry is being observed by an organization such as The Association for Packaging and Processing Technologies (PMMI).
Consequently, the HMI is transforming the manufacturing industry by providing capabilities that include the rearrangement of equipment for multiple layers and different case sizes as well as the management of pallet patterns. The constant motion in the end-of-line improves upon robotic palletizing in terms of increasing throughput while reducing the time where the system is not loading, which fits with the trends of evolution for HMI in palletizing. Market participants have stepped up on the nature of their sales approach through automation to make production rates improve. For instance, PremierTech and Bühler Group partnered in August 2019 to design automated palletizing and food-safe bagging systems helping with the projected trajectory of the palletizer market in the forecast period.
The changing demands of the packaging sector have forced the manufacturing of dual function machinery, which is cheaper to use because other costs, for instance, to remove problem areas and fix hardware shall be performed by the same equipment. This hybrid design enables cases to be stood upright prior to layer formation; thus, enabling easier transportation of up-ended products in palletizers. In addition, it restricts the dependence on high-level robot controllers, thus preserving a standard control platform common to conventional mechanical structures. The major players such as Honeywell Intelligrated are inclined towards hybrid technology to expand their range of products; the ‘750 Hybrid’ model is an example of this combining both application flexibility, effectiveness and more serving medium speed carton, bags, and all types of packaging.
Comprehensive Analysis of Palletizer market
The palletizer market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by technology analysis, by product type analysis and by application analysis. By technology analysis include robotic, low level or floor level, and high-level. By product type analysis include bulk, case, bag, and pail. By application analysis include food and beverage, cosmetic & personal care, healthcare & pharmaceuticals, and Others (Chemical, Automotive, etc.).
The Asia Pacific region lead the palletizer market share by benefitting a market size of USD 0.72 billion in 2020 due to rapid industrialization.
The top players in the markets have a central responsibility in the machinery and equipment industry to be sure of industrial prospectus development and to establish the market norms. These players include, Fuji Yusoki Kogyo Co., Ltd., Kawasaki Heavy Industries, Ltd., A-B-C Packaging Machine Corporation, Krones AG, ABB, KUKA AG, BW Packaging Systems, KHS Group, Honeywell Intelligrated, BEUMER GROUP these market players provide a level-playing competitive landscape.
In April 2020, PremierTech launched the AR-225 model, a high-speed robotic palletizer capable of handling approximately 25 bags per minute, featuring a pallet magazine and dispenser that accommodates various pallet sizes to reduce downtime.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year 2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD billion)
Segmentation
Technology, Product Type, Application, and Region
By Technology
Robotic
Low Level or Floor Level
High-Level
By Product Type
Bulk
Case
Bag
Pail
By Application
Food and Beverage
Cosmetic & Personal Care
Healthcare & Pharmaceuticals
Others (Chemical, Automotive, etc.)
By Region
North America (By Technology, Product Type, Application, and Country)
- U.S. (By Technology)
- Canada (By Technology)
- Mexico (By Technology)
Europe (By Technology, Product Type, Application, and Country)
- Germany (By Technology)
- U.K. (By Technology)
- France (By Technology)
- Italy (By Technology)
- Spain (By Technology)
- Russia (By Technology)
- Benelux (By Technology)
- Nordics (By Technology)
- Rest of Europe
Asia Pacific (By Technology, Product Type, Application, and Country)
- China (By Technology)
- India (By Technology)
- Japan (By Technology)
- South Korea (By Technology)
- ASEAN (By Technology)
- Oceania (By Technology)
- Rest of Asia Pacific
The Middle East and Africa (By Technology, Product Type, Application, and Country)
- South Africa (By Technology)
- North Africa (By Technology)
- GCC (By Technology)
- Israel (By Technology)
- Turkey (By Technology)
- Rest of the Middle East and Africa
South America (By Technology, Product Type, Application, and Country)
- Brazil (By Technology)
- Argentina (By Technology)
- Rest of South America
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