Palletizing is basically a process that refers to the operation of loading an object such as a corrugated carton, packaged products, etc. on a pallet in a particular pattern. A palletizing robot uses a robotic arm to transfer goods from the conveyor belt or the end line of a production process on to the pallet. This is aided with the use of software solution to ensure efficiency and quick functionality.
Growing adoption of automation solutions in the supply chain across various end-use segments as well as growth of the e-commerce industry are expected to fuel the growth of the market in the near future. In addition, the rapid demand of consumer good fuelled by growing disposable income in certain countries is expected to boost the growth of the palletizing robot market. The palletizing robots market is segmented on the basis of product type, end-use verticals and region.
On the basis of product type, the global palletizing robots market is segmented into bag palletizing, case palletizing and de-palletizing. The case palletizing segment currently accounts for a major portion of the global palletising robot market and is expected to lose share to the other segments in the near future. This is primarily due to growing adoption of the other product type segments in the food and beverage industry.
On the basis of end use, the global palletizing robots market is segmented into food and beverage, pharmaceuticals, consumer products, industrial packaging and logistic industry. Currently, food and beverages segment accounts dominates the global palletising robots market due to the early adoption of the technology. In addition, this segment is expected to grow at a high CAGR during the forecast period.
On the basis of region, the global palletizing robots market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently North America palletizing robots market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to growing adoption in countries such as US in this region. However, the demand for palletising robots in Asia Pacific is expected to register highest CAGR in the next five years due to increasing automation in their supply chains.
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