Global Palletizing Equipment Market 2017-2021

Overview of the global palletizing equipment market

The adoption of automatic palletizers by manufacturers in various industries is reducing the need for the workforce. This will enhance the operational efficiency, reduce the consumption of time, and minimize cost. Technavio’s market research report identifies that the need for better operational efficiency, performance, and flexibility in the palletizing process will be one of the primary growth drivers for the global palletizing equipment market till 2021. The speed of stacking is also enhanced in comparison to conventional palletizers. This will result in better time utilization and zero downtime. Palletized equipment minimizes errors associated with operations and also reduces the risk of accidents to workers. The adoption of robotic palletizers is increasing because they are flexible enough to handle multiple pallet patterns and mixed loads through simple reprogramming. Technavio’s market research analysts predict that this global market will post a revenue of close to USD 830 million by 2021.

Hybrid palletizers are designed by integrating the flexibility and repeatability of robotic palletizers and speed and reliability of conventional palletizers. The rising demand for hybrid palletizers is identified as one of the key trends that will gain traction in the global palletizing equipment market until the end of 2021. These palletizers can adapt to the changing weight, pallet patterns, and speeds. This, in turn, helps manufacturing companies in various industries to offer different packaging, enable quick product change-over, and handle very fragile products.

Competitive landscape and key vendors