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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, owing to the increasing use of hybrid technology and investment in R&D. Fortune Business Insights in its report titled, “Palletizer Market Size, Share & COVID-19 Impact Analysis, By Technology (Robotic, Low Level or Floor Level and High-Level), By Product Type (Bag, Case, Bag, Pail, and Others), By Application (Food and Beverage, Cosmetic & Personal Care, Healthcare & Pharmaceuticals, Others) and Regional Forecasts, 2021-2028,” mentioned that the market stood USD 1.67 billion in 2020, and this market registered an impressive CAGR of 4.2% during the forecast period.
High Demand for Hybrid Palletizers to Aid Market Growth amid COVID-19 Pandemic
Usage of best of both worlds, i.e., completely automatic and conventional palletizing machines, are expected to boost the palletizer market growth. A hybrid palletizer provides fast and flexible solutions. Additionally, the hybrid machines are more cost-effective as compared to completely automated machines, as it reduces the cost of troubleshooting, hardware maintenance, and others. Furthermore, it reduces the use of the complex robot controllers’ that are required to maintain a standard control platform of a conventional palletizing machine. Thus, the leading manufacturers such as Honeywell Intelligrated and others are supporting the use of hybrid technology to expand their product portfolios of palletizers.
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Key Players Develop Advanced Palletizing Technologies to Strengthen their Product Portfolios
The major players in the market are incorporating modern technology to increase output and reduce downtime. They are using robotic and hybrid palletizing machines to expand their business portfolio. For instance, in January 2020, a subsidiary of Fanuc Corporation, Fanuc America, displayed its palletizing robot - M-410iC/110 and delta robot - DR-3iB food-grade at the International Production and Processing Expo (IPPE) 2020”. The ‘M-410iC/110 robot’ picks cases from a conveyor and pallet sizes mixed layer unit loads. It is designed for high-volume production in bag, bottle, and case palletizing operations.
ABB is integrating its Palletizing Machine Portfolio to expand its Market Reach
Prominent player ABB is adopting automatic palletizing machinery to strengthen its position in the market, which, in turn, will increase its productivity. For instance, in November 2019, a Discrete and Robotics Automation business unit of ABB named ‘B&R’ started using robotic machines. This will allow B&R to supply machine builders a varied range of ABB robots such as SCARA, articulated arm, delta, and palletizing robots having various payloads and sizes to end-users worldwide. This is expected to drive the market growth in the upcoming years.
List of Key Players Profiled in this Market Report
Further Report Findings
Table of Segmentation
Value (USD billion)
Technology, Product Type, Application, and Region
By Product Type