The global palletizing equipment market is forecast to grow at a CAGR of 4.14% during the period 2017-2021.
The report, Global Palletizing Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the demand for hybrid palletizers. Hybrid palletizers include the integration of conventional and robotic palletizer functionalities in a single system. These help in combining the strengths of both types of palletizers in a single system. The system will have the flexibility and repeatability of robotic palletizers and the speed and reliability of conventional palletizers.
According to the report, one of the major drivers for this market is the growing demand in various industries. The economic progress and expanding middle class segment in various developing countries have triggered growth in the various end-user segments in the food and beverages industry, pharmaceutical and personal care industry, chemical industry, and various other industries. For example, the global packaged food industry is expected to grow by more than $3 trillion in 2021, growing at a CAGR of around 5% during the forecast period. The growing demand in various industries have led to increment in production scale by expanding their production plants and units.
Further, the report states that one of the major factors hindering the growth of this market is the reluctance of industries to migrate to latest technologies in developing countries. Many companies across various industries in the developing nations like India, China, and Brazil have been following the manual method of stacking products on to pallets. The existence of cheap labour force in these countries lead to more reliance on man force rather than the adoption of new and expensive technologies.
- Columbia Machine
- Kawasaki Robotics
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segment By End-User
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/23rp7t/global
Laura Wood, Senior Manager
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SOURCE Research and Markets
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