Global Palletizer market will reach 860 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/8/20

The global palletizer market is growing due the technology advancements along with the key players’ strategy for increasing their operational efficiency and supply chain utilization of the products. An increasing demand for palletizer in the food and beverages industry is augmenting the growth of the market. The rising demand for innovative palletizing machines in the food and beverages sector for the packaging of goods is likely to fuel the growth of the market. One of the trends such as the development of new human machine interface controls is changing the both robotic and old palletizers market in the near future.

However, the high cost of investment is creating a negative impact on the growth of the global market during the anticipated period.

According to the report, the global Palletizer market was valued at US$ 700 Mn in the year 2018 and is likely to touch the value of US$ 860 Mn by the end of 2024. The market is rising with a sluggish CAGR of 3.5% over the predicted period.

Click to view the full report:
https://www.qyresearch.com/index/detail/955864/global-palletizer-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.