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Palletizer Market Trends

  • Report ID: GMI9012
  • Published Date: Apr 2024
  • Report Format: PDF

Palletizer Market Trends

There is a growing adoption of robotic palletizers in various industries owing to their flexibility, versatility, and efficiency. They can handle a wide range of products and packaging formats, adapt to changing production needs, and integrate seamlessly with existing production lines. With advancements in robotic technology including improved speed, accuracy, and safety features, more companies are investing in robotic palletizing solutions to enhance their material handling processes. October 2021 - Robotiq Inc. introduced a new robotic palletizing solution, especially for lower throughput applications requiring frequent task and box or pallet size changes. This application-focused technology consists of fully connected, plug-and-play software.
 

Another trend in the palletizer industry is the integration of smart technologies, such as IoT, AI, and ML, into palletizing systems. These technologies enable real-time monitoring, predictive maintenance, and data analytics capabilities, allowing companies to optimize palletizing operations, improve equipment uptime, and reduce downtime. Smart palletizing solutions offer benefits, such as predictive maintenance alerts, remote diagnostics, and performance optimization, helping companies enhance efficiency, productivity, and Overall Equipment Effectiveness (OEE) in their material handling operations. Driven by Italy and Germany, Europe is also expected to witness a moderate rate. According to the Germany's Federal Statistical Office, the approximately 250 companies, mainly medium-sized organizations produced packaging machinery worth around EUR 7.3 billion, an increase of 2% from previous year. 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.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Industry size for palletizer registered USD 2.8 billion in 2023 and will demonstrate a 6.1% CAGR between 2024 and 2032 owing to increasing need for automation and efficiency in material handling processes across various industries.

The food & beverage segment captured 33% of the palletizer industry share in 2023, attributed to the increasing demand for efficient and hygienic packaging solutions in food processing and beverage production.

Asia Pacific industry secured 27% revenue share in 2023, driven by the rapid industrialization and automation of manufacturing processes, the rise of e-commerce and the need for efficient material handling solutions.

Key players operating in the market are Norsonic AS, Krones AG, Premier Tech Chronos, BEUMER Group GmbH & Co. KG, Fuji Machinery Co., Ltd., ABB Group, and Honeywell Intelligrated among others.

Palletizer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 295
  • Countries covered: 21
  • Pages: 200
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