Palletizing systems are used in various applications in construction materials industry such as cement industries, food industries, chemicals and others. The palletizing systems market has increased owing to the rapid penetration of automation across several industry verticals. Additionally, a rapid development is seen in the robotic palletizing systems technology. A high speed production line is escalating the growth rate of the market. The reports also states the palletizing equipment are extensively used in the food industry for packaging industry, automated stacking and for retrieval of goods.
America continues to lead the market share during 2018-2023.
America region is the largest market for palletizing systems with a share of 30% of the market in 2017 and the value is estimated to grow to $501 million by 2023 due to increase in the growth of the automatic palletizers rising the demand of the market. However, the growing competition among manufacturers is contributing for a significant growth rate of the market in Asia-Pacific region. Palletizing machines market is estimated to grow at a CAGR of 5.9% during the forecast period of Asia-Pacific region.
Global palletizing system market in terms of volume was 26,812 units in 2017, and now is projected to reach 36,620 units by 2023 growing at a CAGR of 5.3% 2018-2023. Innovation of new human machine interface controls, which are modifying both conventional and robotics automation palletizers that offers features for handling multi-case sizes, layers of products and patterns are anticipated to expand the growth of palletizing systems market.
Selected Application Analysis done in the full Report:
The popularity extends beyond multinational companies to smaller packagers. In fact, robots are seeing increased usage among the smaller companies. Bag palletizer is the dominating application it is followed by the case palletizers. The market revenue of bag palletizers was $591.9M in 2017 and is poised to reach $754.8M till 2023, growing at a CAGR of 4.1% during the forecast. Case palletizers market revenue of case palletizers was $295.5M in 2017. This research says that, this is predicted to reach $397.9M till 2023, growing at a CAGR of 5.0% during the forecast.
The growing production of construction materials coupled with rising demand from ever growing construction industry is significantly boosting the palletizing systems market as palletizers are installed in end-line packaging of most of these materials. FDA’s implementation of regulations for Food Safety Modernization Act (FSMA) associated with prevention of food contamination in U.S. is increasing the need for aseptic packaging. As food packaging is majorly taken into concern the food industry is on the hype of getting opportunities. Followed by The growing production of fertilizers coupled with rising demand in agricultural activities is increasing the market for palletizing systems in chemical industry.
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Excerpts Growth Factors Mentioned in the Full Report:
Robotics has become an essential part of the packaging domain. The palletizing systems market has grown at a rapid pace over the past few years and is likely to expand at a stupendous in the future as well.
The development of new human machine interface controls, which are changing both conventional and robotic palletizers that offers features for handling multi-case sizes, layers of product and patterns are anticipated to expand the growth of palletizing systems market.
Changing dynamics of preferences, the technical advancements is been seen in improved productivity, automation, solutions offer manufacturers, retailers and distributors to replace repetitive, manual handling processes with more efficiency, accuracy and cost savings benefits of automation.
Rise in minimum wages and several companies of North America are automating palletizing operations with robotics to achieve a faster Return on investment are the factors which are going to influence the growth of market in the coming years.
Future developments and advanced sensing and software will make these machines more efficient, smarter, and adept at handling product variations.
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Key players of Palletizing Systems Market:
Key manufacturers and service providers are ABB Flexible Automation Inc. (U.S.), A-B-C Packaging Machine Corporation (U.S.), Acepak Automatics (South Africa), ACMI (U.S.), Adaptive Innovations Corp. (U.S.) are boosting up the manufacturers of palletizing systems which leads to the raise in market of palletizing systems globally. The following table shows few more players are considered as the driving factors of palletizing systems market.
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