Packaging encompasses an essential part of the marketing mix for any product or brand. There is a growing demand for new packaging machines that is suitable for the new changing requirements of the packaging industry. Manufacturers are inclined to provide their products in a short period of time. Palletizing machine offers automatic stacking cases of goods and products onto a pallet. The demand of the palletizing machines is increasing due to the narrow time duration between the productions of the product and reaching the warehouses of the distributors. Apart from that placing boxes on palates manually can be time consuming process which also an important reason for adopting palletizing machines.
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Palletizing Machines: Market Dynamics
Palletizing Machines market is expected to be driven by the increasing growth of food & beverages industry that in turn escalation the growth of Palletizing machines market during the forecast period. The food & beverages industry is expected to generate maximum revenue in palletizing machines market as compare to the other end user because itis reliant on manual labor to palletize the products. Apart from that lowering the time to deliver the products and increasing competition also expected to positively influence the sales of palletizing machines during the forecast period.
Growing urbanization and increasing purchasing power of the consumers are expected to fuel the demand of palletizing machines in the pharmaceutical industry because increasing consumptions of medicines and other over the counter products help to increase the adoption of palletizing machines for enhancing the speed of the packaging processes which will diminish the transportation time of the drugs. Moreover, rapid industrialization in emerging countries such as China, India, Indonesia and Brazil have helped to increase the usage of chemical and petrochemical products which in turn acceleration the demand of palletizing machines during the forecast period.
To cater to the increasing demand of chemical and petrochemical products the manufacturers are expanding their capacity of the production or they are investing in Greenfield projects. Manufacturers are using palletizing machines for assemblingthe product on the pallet to transport their products rapidly in palletizing machines market. In addition, the palletizing machines market is also anticipated to high growth owing to the growing demand of consumer durable goods and electronic products. Robotic palletizers is gaining traction in the palletizing machines market during the forecast period.
Palletizing Machines: Market Segmentation
The global palletizing machines market is segmented on the basis of product type and palletizing technique, end user
Based on the product type the global Palletizing Machines market is segmented into:
Based on the palletizing technique the global Palletizing Machines market is segmented into:
Based on the end user the global Palletizing Machines market is segmented into:
Palletizing Machines Market: Regional outlook
In terms of geography, the global Palletizing Machines market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to grow at a high rate during the forecast period due to the presence of developing countries such as India and China where the demand of the product is very high. North America and Europe is also expected to witness a healthy growth in near future. But some developed countries in Europe is anticipated to grow at a slower pace as compare to the developing countries during the forecast period. But the Middle East and Africa region is expected to be slothful in the upcoming decade.
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Palletizing MachinesMarket: Key players
Some of the key players in the global Palletizing Machines market are American-Newlong Inc., Adept Technology Inc., A-B-C Packaging Machine Corp., ABB Flexible Automation Inc., Brenton Engineering Company, Bastian Material Handing LLC, BEUMER Corporation, ABB, FANUC Robotics America Inc., C&D Skilled Robotics Inc., Priority One Packaging Ltd etc. Key players also emphasizing for mergers and acquisitions with the local players to increase the product portfolio and also to penetrate their business into emerging countries. Also the companies in palletizing machines market are increasing their product portfolio to obtain new customers as well as to retain existing customers.