Palletizing Systems Market - Forecast(2020 - 2025)
The global palletizing systems market has experienced an increase in demand lately. The market recorded revenue of $1385.5 million in 2017 and is estimated to grow at a CAGR of 4.3% through the forecast period 2018-2023. Automatic technique used in palletizing systems was a major share accounting for $812million in 2017 and is expected to grow at a healthy CAGR of 5. % through the forecast period 2018-2023. North America is the largest and dominating region in Palletizing systems market with a share of 30% in 2017 and is estimated to grow to $501million by 2023. What is Palletizing Systems? A palletizer is a machine which is used for transporting and storing goods stacked on a pallet, and shipped as a unit load. It permits standardized ways of loading and securing of a number of boxes, bags and drums on a pallet base. Palletizing systems are used when product versatility is required and the required production of each product is lagging. The optimization of the palletizing equipment i...