The palletizer market is projected to grow at a considerable CAGR of around 5% during the forecast period (2020-2026). The increasing adoption of industry 4.0 has created the demand for automation in material handling operations. The use of palletizer enables the automatic stacking of goods and products by ensuring their easy handling, thereby creating automation in the industries. The rising demand for human-robot collaboration in the different industrial sectors such as pharmaceutical, food & beverage, personal care & cosmetics, chemical, and so on for the overall cost reduction is a major factor to drive the growth of the palletizer market across the globe.
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The rise of industrial robotic palletizer witnessed a hefty expansion in developed countries and certainly seems to be inevitable being driven by a range of high production demands in the pharmaceutical and food and beverage industry which in turn is driving the market demand. Furthermore, the ongoing technological advancement along with the prominent presence of the conglomerates to enhance the operational and supply chain efficiencies in industries is again bolstering the growth of the global palletizing systems market. However, the high cost of acquisition and maintenance of the palletizer is a major factor restraining the growth of the global palletizer market.
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Segmental Outlook

The global palletizer market is classified on the basis of product type, and industry. Based on product type, the market is segmented into a conventional palletizer and robotic palletizer. The robotic palletizer is expected to exhibit considerable growth during the forecast period. The rising adoption of robotics in several industrial verticals is the key motivator behind the growth of the robotic palletizer segment. Based on industry, the market is segmented into pharmaceutical, food & beverage, personal care & cosmetics, chemical, and others.


Pharmaceuticals Segment to Exhibit Considerable Growth based on industry

The pharmaceutical industry is anticipated to showcase considerable growth during the forecast period. The growing use of palletizers by the pharmaceutical industry players to ensure high precision and accuracy along with high productivity is a key factor attributing towards the growth of the market segment. The stability, acceptance to the patient, and transport are the key factor that determines the packaging of pharmaceuticals and palletizers can be used aptly for the proper stacking and transportation of such products without any error. The technological advancement in the packaging of pharmaceuticals is further anticipated to create demand for a palletizer.


Regional Outlook

The global palletizer market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. Europe is anticipated to hold considerable market share during the forecast period. The presence of key market players in the region such as BEUMER Group GmbH & Co. KG, KUKA AG, KION Group, and Krones AG is anticipated to contribute a considerable share to the growth of the regional market. The high industrialization in major countries of the region such as UK, Germany, France, Italy, and Spain among others to further contribute towards the high market share of the region


Asia-Pacific is anticipated to exhibit considerable growth during the forecast period

The emerging economies of Asia-Pacific such as India, China, and South Korea are making a significant contribution to the growth of the palletizer market in the Asia-Pacific region. The well-established pharmaceutical industry in India is a key factor in promoting the growth of these devices in the region. According to the Indian Brand Equity Foundation (IBEF), the Indian Pharmaceutical sector is estimated to account for nearly 3.1 to 3.6% of the global pharmaceutical industry in terms of value and 10% in terms of volume. It is expected to reach $55 billion by 2020 and $100 billion by 2025. Moreover, China is currently holding a huge part of the global chemical industry. The high presence of industries requiring such solutions is driving the growth of the market in the region.


Market Players Outlook

The major players of the palletizer market include ABB Ltd., Sidel, Arrowhead Systems Inc., BEUMER Group GmbH & Co. KG, KUKA AG, KION Group, Honeywell International, Inc., Krones AG, Omron Corp., Ouellette Machinery Systems, Inc., Schneider Packaging Equipment Co. Inc., Universal Robots A/S, YASKAWA Electric Corp., and Fanuc Corp. among others. These companies are adopting various strategies to stay competitive in the market such as merger & acquisition, and product launch. Merger and acquisition are considered as the key strategy in the market as many large players are acquiring small-medium scale companies in order to expand their market. For instance, in July 2018, Gebo Cermex, a partner of the Sidel Group had introduced CoboAccess Pal, the newest robotic palletizer. The CoboAccess Pal is designed for low-speed applications and to facilitate companies embracing Industry 4.0 opportunities.

The Report Covers

⦁ Market value data analysis of 2019 and forecast to 2026.
⦁ Annualized market revenues ($ million) for each market segment.
⦁ Country-wise analysis of major geographical regions.
⦁ Key companies operating in the global palletizer market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
⦁ Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
⦁ Analysis of market-entry and market expansion strategies.
⦁ Competitive strategies by identifying ‘who-stands-where’ in the market.
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