Pallet Unitizing Machines Market Revenue Estimates
Unitization refers to consolidation of several units into a single unit. This can be done either by strapping or wrapping. Pallet unitizing machines are needed as heavy goods are difficult to shift manually and hence, these machines make it easier for the manufacturer to move goods during transit. This also helps in reducing the material handling cost as the number of units decreases after unitizing. Therefore, choosing a pallet packaging method can significantly impact the overall performance efficiency of the distribution chain. There are various kinds of pallet unitizing machines available in the market, such as semi-automatic, automatic, mobile pallet unitizing machines, etc. For slower lines, semiautomatic pallet unitizing machines usually prove to be the most cost-effective solution. Manual unitizing is a prolonged process and hence, is not used commonly in industrial environments. However, products that are unusual in shape and size are usually unitized by manual Pallet Unitizing Machines Market.
Market Dynamics:
The demand for pallet unitizing machines is being driven by the overall growth of the packaging industry. The flourishing food & beverage packaging industry, e-commerce and thriving infrastructure sector in developing economies are fueling the demand for pallet unitizing machines. Moreover, manufacturers operating in various end-use industries are continually looking for packaging solutions that are reliable and cost-effective. This is further anticipated to fuel the demand for pallet unitizing machines, globally, during the forecast period. Also, manufacturers are shifting their preference towards automatic pallet unitizing machines so as to reduce the need for human intervention, which could result in escalated demand for automatic pallet unitizing machines, globally. However, these pallet unitizing machines require high capital investment, initially, which might act as an obstacle for small-scale manufacturers who might want to enter the pallet unitizing machines market. This might also hinder the global demand for pallet unitizing machines during the forecast period.
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However, a more economical alternative for pallet unitizing machines can be the use of paper and plastic banding for strapping. These bands are easily available and can eliminate the need for pallet unitizing machines for smaller packages. Another alternative for strapping and wrapping done by pallet unitizing machines can be the use of corner boards. These corner boards protect the packaged product by adding a strong and hard edge at the corners. This also provides strength and stability to the overall package.
Recently, manufacturers have started producing pallet unitizing machines that have programmable solid-state controls, box-size and unit-load-size changeover capabilities and these pallet unitizing machines can handle a wide variety of stacking patterns and unit-load heights.
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Regional Outlook
Geographically, the global pallet unitizing machines market has been divided into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan, Middle East & Africa and Japan. Manufacturers are expecting significant growth in demand for pallet unitizing machines in Asia Pacific region owing to the booming manufacturing sector.
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Competitive Dashboard:
Examples of some of the key players operating in the global pallet unitizing machines market are Polychem Corporation, MOSCA GmbH, Orion Packaging Systems, LLC, Signode Packaging Systems Corporation, Joinpack Machines, Jia-in Industry Co., Ltd., Fromm Packaging Systems, Anchor Paper Co. Industrial & Packaging, Inc., Strapack, Inc and Cyklop Nederland B.V., among others. Many local and unorganized players are expected to contribute to the growth of the global pallet unitizing machines market during the forecast period.
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