The rising demand from several industries across the world and other major driving factors is expected to favor the rise in the global palletizers market
Reports and Insights has published a new report titled, “Palletizers Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Palletizers Market, By Type (Low level or Floor level, High Level, Robotic Palletizers, In-Line Palletizer System), By Application (Boxes, Bottles, Cartons, Bags, Cases, Others), By End-User Industry (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, Chemical, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global palletizers market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Several industries across the world seek an easier and a more efficient way to palletize the loads to eliminate the manual work of the workers and boost their efficiency. A palletizer plays a huge role in such circumstances as a machine that offers automated means for assortment, transferring and piling up the cases of products or goods onto a pallet; generally at the end of a chain of production.
The automated palletizer provides convenient, high-volume shipping. Moreover, palletizers offer precision, load stability, and operation speed. In addition to that, they also create opportunities to shift high volumes of loads in one go. The manual work of moving commodities on pallets is expensive as well as time consuming and furthermore, it puts unnecessary stress on workers. Attributing to said beneficial factors, palletizer is witnessing higher demand across several industries worldwide, ultimately projected to provide major breakthroughs to the global plattezier market over the forthcoming years.
On top of that, the key manufacturers of the market are also focusing on embedding advanced technologies like Artificial Intelligence (AI) with robotic palletizer, which makes it competent to learn the actions once carried out on the machine and execute required modifications on its own when an equivalent task is carried out by the system. Such factors are further projected to offer significant growth to the palletizer market over the forecast period.