Palletizer Market

The palletizer market accounted for USD 2.25 billion in 2018 and is expected to touch USD 3.08 billion by 2024, at a CAGR of 5.34% during 2019-2024. With the increasing trend of Industry 4.0, the automation of material handling operations is also growing which in result will drive the robotic palletizer market. 

• A palletizer is a machine that enables the automatic stacking of goods and products. It also enables the depalletizing or unloading of goods. Thus the palletizers ensure time-saving and achieve operational excellence coupled with ease to operate, thereby, the use of automatic palletizers is growing on a large scale at industries and factories. 
• Moreover, the Census of Fatal Occupational Injuries, which has been conducted under the U.S. Bureau of Labor Statistics, has established that workplace injuries have decreased by 25% in 10 years, due to the advent of various technologies in the workplace. Thus, when considering the safety that robotic palletizer offers compared to a person stacking and lifting, the overall savings are more significant and palletizers continue to prove profitable for packaging and packing products. 
• However, the high equipment cost coupled with high maintenance cost is acting as a restraint for the market during the forecast period.

Scope of the Report

An automatic palletizer is a machine that enables the automatic stacking of goods and products. It also enables the depalletizing or unloading of goods. Robotic palletizers provide a viable method to reduce operational costs and improve work efficiency for industries that employ the manual workforce for repetitive tasks, such as loading/unloading goods, packaging, and palletizing. Owing to the intense growth in demand in sectors such as food & beverage, healthcare, and others across the globe, the future scope for the market also increases.

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Key Market Trends

Pharmaceutical Packaging Offers Potential Growth

• With a high level of specification in the pharmaceuticals packaging industry and increasing demand for integration of track-and-trace serialization technology, palletizer is to grow among the other types of packaging machinery.
• Further, to ensure high precision and accuracy, many pharmaceuticals packaging plants are constantly automating their final product with the palletizing robot due to the demand for increased productivity. Their compact design makes palletizers ideal for small space and depalletizers provide an efficient means to sort containers from bulk layered pallets onto a conveyor or conveying system. This also ensures a safe environment free of toxins and contaminants because of chemicals used in manufacturing drugs.
• The packaging of the pharmaceutical products is very important with regard to its stability, acceptance to the patient, transport, etc and palletizing is one of its important machinery because it helps in proper stacking and transportation of products without any error.
• Moreover, the growing demand for unit dosing and small-size pharmaceuticals have a positive impact on the palletizer market. The palletizer speed capacity which can continuously work in the same mode, without any interruption results in cost reduction and increases in productivity and thus helps in fulfilling the demand.
• Thus, with the advancement and improvement of the pharmaceutical packaging, palletizer is also expected to grow along with that.

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