Global Palletizer Market Growth, Trends, and Forecasts Report 2020-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Palletizer Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The palletizer market accounted for USD 2.37 billion in 2019 and is expected to touch USD 3.27 billion by 2025, at a CAGR of 5.34% during 2020 - 2025.
As organizations heighten their expectations of workplace safety and flexibility, the shift from manual to automated operations is growing in popularity. Palletizer is one of the most significant equipments among automated material handling systems.
Depending on the need, conventional palletizers or robotic palletizers are used to automate the pallet building process in a warehouse, distribution, or manufacturing facility. Depending upon the palletizer, many different technologies could also be employed to help the manufacturer make the perfect pallet.
With the implementation of the FDA Food Safety Modernization Act (FSMA) in 2011, increased focus has been placed on preventing contamination in the US food supply. SCARA robotic palletizers are typically used for food processing. Their low cost, small footprint, and high throughput rates make them attractive to manufacturers looking to increase their efficiency.
The pharmaceutical sector also plays an essential role in the palletizer industry. Fully automatic palletizers are used for unattended pharmaceutical production. Supported by the European & APAC pharmaceutical industries, the sector is booming. The growing interest and demand for Halal certified beauty products in the MEA region drive the growth of palletizer in the cosmetic industry. In APAC, the growth of palletizer in the personal care sector is fueled by the K-beauty trends with its whimsical and innovative packaging.
Among all the regions, North America accounts for the largest market share due to the high penetration of packaging machinery in the region. According to Packaging Machinery Manufacturers Institute (PMMI), the North American US domestic market for packaging machinery is estimated to be worth USD 9 billion in 2022.
Driven by Italy and Germany, Europe is also expected to witness a moderate rate. A large proportion of German production is sold to more than 100 countries worldwide, with 2018's exports of food processing and packaging machinery amounting to around EUR 15 billion. The Italian government's Industry 4.0 incentive scheme is also proving to be aiding the growth of packaging machinery as well as palletizers in Italy.
Even before COVID-19 reared its formidable spikes, the adoption of robotics, automated material handling equipment, AI, and other advanced technologies into warehouses and distribution centers (DCs) was on the rise, propelled by the need to manage high-velocity operations with limited and increasingly expensive labor resources while meeting the ever-changing demands generated by digital commerce.
CXOs across industries report that COVID-19 crisis is prompting them to accelerate plans to invest in automation and robotics to better manage operations, despite facing revenue declines that will result from the pandemic.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Force Analysis
4.3 Industry Value Chain Analysis
4.4 COVID-19 Impact on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
6 MARKET SEGMENTATION
6.1 By Product
6.1.1 Conventional Palletizer
184.108.40.206 High-Level Palletizer
220.127.116.11 Low-Level Palletizer
6.1.2 Robotic Palletizer
6.2 By End-user Vertical
6.2.1 Food & Beverages
6.2.3 Personal Care & Cosmetics
6.2.5 Other End-user Verticals
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 A-B-C Packaging Machine Corp.
7.1.2 ABB Ltd.
7.1.3 BEUMER Group GmbH & Co. KG
7.1.4 Honeywell Intelligrated
7.1.5 KION Group AG
7.1.6 Krones AG
7.1.7 Schneider Packaging Equipment Co. Inc.
7.1.9 YASKAWA Electric Corp.
7.1.10 Barry-Wehmiller Companies, Inc.
7.1.11 Arrowhead Systems Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/mbtr5n
Laura Wood, Senior Press Manager
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