Global Palletizer Market - 2021-2028
Palletizer Market Overview
The global palletizer market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
A palletizer is a machine that sorts, transfers, and stacks cases of goods or products onto pallets automatically, usually at the conclusion of a manufacturing line. Automatic palletizing is ideal for high-volume, convenient delivery. Palletizers ensure load stability, precision, and efficiency. They also allow for the simultaneous movement of many loads. The shift from manual to automated operations is becoming more common as employers' expectations for worker safety and flexibility rise. Palletizers are one of the most important pieces of equipment in automated material handling systems.
Palletizer Market Dynamics
Depending on the necessity, traditional or robotic palletizers are used to automate the pallet construction process at a warehouse, distribution center, or manufacturing plant. Many different technologies may be used depending on the palletizer to assist the maker in creating the correct pallet.
The ability of palletizers to handle high loads is expected to fuel the market growth during the forecast period.
With the rising cost of industrial land, the need for effective storage and facility setup has also increased. Material handling equipment is preferred for handling huge volumes of material and achieving great productivity. Palletizers are frequently required at warehouse facilities and manufacturing facilities to serve complicated orders quickly and with the shortest possible lead time.
Palletizers can handle extremely high loads, which are impossible to handle manually, at high speeds, and with a low risk of material mishandling. Palletizers have undergone continuous development, resulting in reduced floor area consumption and great productivity.
The growth is likely to be fueled by rising demand for the e-commerce industry.
According to CBRE, e-commerce retail sales in the United States increased by 25% in the quarter ending June 2020, demonstrating the customer shift to e-commerce, while grocery stores and building and garden suppliers both increased by 13%. The market is also expected to be driven by the continuing advancement of palletizing system technology.
With such growth in the e-commerce industry, it is estimated that the actual share would exceed the previously estimated value in the country, resulting in a major increase in demand for palletizers at warehouses and distribution centers.
Excessive initial production investments are projected to stifle market expansion.
The initial capital investment required for R&D and production processes is primarily impeding market expansion. Manufacturers are expected to make significant expenditures in the development of technologically advanced palletizer machinery.
It also necessitates regular maintenance for optimum functioning, resulting in substantial after-sale costs for the producers. Small and medium-sized businesses find it difficult to factor in unneeded maintenance costs. As a result, the market expansion is hampered.
COVID-19 Impact Analysis
COVID-19 has had a big impact on a lot of companies all around the world. The COVID-19 outbreak has emerged as a barrier causing a slow down in the supply chain and availability of raw materials resulting in a slow down in the overall market.
Palletizer Market Segment Analysis
By application, the palletizer market is classified into food & beverages, pharmaceuticals, personal care & cosmetics, etc.
Food & beverages sector to hold the largest market share global palletizer market.
The food and beverage industry has traditionally played a significant role in increasing palletizer market revenue. Retailer demands continue to rise as rivalry between retailers heats up and government rules become more strict. As a result, the need for palletizing robots in the food and beverage industry has never been greater.
The centralized palletizing approach was the most practical alternative due to space constraints within the facility. A neutral to a positive return on the cost of products sold, a reduction in forklift traffic around the production lines, improvements in work quality, particularly ergonomics, and the installation of a durable and reliable system were among the system's criteria.
Palletizer Geographical Analysis
North America region holds the largest market share global palletizer market.
North America dominates the industry because the United States is one of the largest and most developed markets for adopting new and innovative palletizing technologies. The country's strong economy, which includes increasing port traffic, e-commerce activity, and important manufacturing indices, has resulted in significant manufacturing expansion and is expected to fuel demand for palletizing solutions.
The major sources of demand for such solutions in the country are retail, automotive, food and beverage, and pharmaceutical. According to CBRE, e-commerce retail sales in the United States increased by 25% in the quarter ending June 2020, demonstrating the customer shift to e-commerce, while grocery stores and building and garden suppliers both increased by 13%.
With such growth in the e-commerce industry, it is estimated that the actual share would exceed the previously predicted value in the country, resulting in a major increase in demand for palletizers in warehouses and distribution centers.
Palletizer Market Competitive Landscape
Players have cited a diversified product portfolio as an effective growth strategy. 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., Sidel, YASKAWA Electric Corp., and Barry-Wehmiller Companies, Inc. are some of the prominent players contributing to the market's growth.
Overview: In the 1980s and 1990s, the packaging business consolidated, but A-B-C remained staunchly independent, led by President Donald G. Reichert. The company's distribution network included the Caribbean, Mexico, South America, Australia, and the Far East. Case palletizers, partition inserters, tab slitters, and bulk depalletizers were added to the product line.
It now has a 100,000-square-foot facility, with 10,000 square feet dedicated to general offices, sales, and engineering, and the rest used for production, assembly, and parts inventory. A-B-C machines are used in various industries around the world, including food, beverage, home chemicals, computer electronics, cosmetics, and the manufacture of glass and plastic bottles.
Product Portfolio: The Company's portfolio comprises erectors, packers, sealers, partitioners, palletizers, depalletizers, and decasers.
Key Developments: The 700 series robot palletizers from A-B-C Packaging Machine Corp efficiently palletize cases, trays, or bags in different configurations and provide the flexibility of manual palletizing without the labor expenses or liabilities. Packagers may accomplish efficient and dependable pallet forming and ship secure, well-formed pallet loads that protect products throughout distribution for all product categories.
The global palletizer market report would provide an access to an approx. 66 market data table, 64 figures and 180 pages.