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Palletizer Market to Display a CAGR of 4.2% from 2021-2028; Increasing Adoption of Hybrid Palletizing Machine to Augment Industry Growth Worldwide

October 01, 2021 | Machinery & Equipment

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.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/palletizer-market-104445


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.


Industry Development



  • August 2020: Columbia/Okura LLC ‘miniPAL® is certified and is now added to the ‘Universal Robots UR+ Applications Program.’ This will offer a cost-effective and fast palletizing experience to its end-users. It has an in-built lifting column for tall loads, fork pockets for easy mobility, and dual stacking locations for continuous load building.


List of Key Players Profiled in this 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)


Further Report Findings



  • Based on applications, the healthcare & pharmaceuticals segment is expected to hold the largest palletizer market share during the forecast period owing to the increasing consumption of medicines. Additionally, these machines enhance the speed of the packaging processes that lessen the transportation time of the drugs. Moreover, the COVID-19 Pandemic has accelerated the need for medicines, which is promoting the segment growth.

  • By technology, the high-level segment earned 32.8% and 32.3% in terms of share in 2020 in the global and the Indian market, respectively.

  • Asia Pacific is set to remain at the forefront in the market during the forecast period owing to the presence of major manufacturers and increased investment in technologically advanced products by the government as well as private agencies. The region stood at USD 0.72 billion in 2020 in terms of revenue.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



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




Global Palletizer Market
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  • 2017-2019
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