The pack conveyors market is estimated to flourish at a CAGR of 6.50% while it holds US$ 8.95 Billion in 2022. The market is anticipated to reach US$ 16.80 Billion by 2032.
Pack Conveyors Market Size (2022E)
US$ 8.95 Bn
Pack Conveyors Market Projected Size (2032F)
US$ 16.80 Bn
Value CAGR (2022-2032)
6.5%
The research report on the pack conveyors market suggests that the Rising industries and digitization of existing sectors with enhanced packaging solutions have led to the higher adoption of pack conveyors. The companies have adopted handling systems for connecting single machines that create a better packaging system. These conveyors are generally used for conveying carton boxes from one section of the manufacturing units to another.
Companies have adopted specific installation procedures that work on the case-by-case process and require less technical skills, expanding the pack conveyors market size. Conveyor vendors introduce loose package conveyors, palletizer agilis, palletizer artis EVO, robotic conveyors, and palletizer fluens.
From belt technology to the motor’s power dynamics, vendor companies have invested in their research and development equipment for the better and more efficient performance of the conveyors. This fuels the demand for pack conveyors in new regions.
Factors that affect the Quality of Pack Conveyors
Small-to Medium-part Handling – Vendors mostly focus on building conveyors for small and medium-grade applications such as moving small parts quickly and efficiently while also customizing the load.
Accumulation – The key players also corner the accumulation dynamics of the conveyor that helps the belt not lose the load due to the right accumulation and fitting.
Automated Assembly – The preference for automated assembly over manual assembly reduces costs as well as increases speed. At the same time, manual assembly demands multiple skilled technicians to do what one automated assembly can do at a faster rate.
Positioning – The conveyors should hold the products accurately to interface with robotics and artificial intelligence. For example, manual case packers are a product of accurate positioning and artificial intelligence.
Conveyor Technology 4.0
Any industry cannot survive without the proper flow of materials and goods. Conveyor technology 4.0 is a component of the fourth industrial revolution, also known as Industries 4.0. The technology is built on AI-based chips and assembly programs that require less manpower.
Conveyor technology elements such as track sections, transfers, roller sorters, sorter induction, bends, and inclined and declined track sections while accumulating conveyor sections to optimally adapt the storage technology, thriving the sales of pack conveyors.
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Pack Conveyors Market Overview
Pack conveyors are used to deliver packs or products from one sector of a firm or a machine to another. Pack conveyors are built on a solid steel frame and it protects the packs which are loaded on it, against friction and chafing. It transports different pack types like cartons and plastic crates safely to their fixed destination.
One of the major factors, expected to facilitate growth of the global pack conveyors market is, almost all of its components are pre-assembled and therefore, is ready for use within a small interval, based on “plug-and-play” principle. A pack conveyor of proven resistance is capable of supporting heavy product flow, which is expected to drive growth of the global pack conveyors market.
Ease of operation and durability are some of the other attributes expected to catapult the global pack conveyors market. Pack conveyors are customizable, and therefore, can be modified to suit different pack requirements.
The various types of pack conveyors available in the market include belt conveyors, slat conveyors, and roller conveyors, among others, which are equipped with automatic format change and can be either multi or single way.
The dynamic nature of pack conveyors allow them to be integrated with some of the most common machinery available in the market, which include dividers, applicators and palletizers.
Global Pack Conveyors Market: Dynamics
Pack conveyors are used for quick and heavy transportation of a variety of materials or packs which increases their preference in material handling and packaging industries. Pack conveyors are also equipped with low consumption motors, which also facilitates their maintenance. Among the sub types of pack conveyors, belt conveyors held the largest market share in 2016.
Rapid modernization and increase in production volume are some of the major factors, which are expected to drive growth of the global pack conveyors market. Pack Conveyors help to simplify the task of bulk or heavy material handling and play a significant role by reducing and minimizing the probability of human errors.
There is also an increasing demand of pack conveyors in various storage, distributor centres and warehouses, which is anticipated to directly translate into growth of the global pack conveyors market. There are other trends, which are expected to facilitate growth of the global pack conveyors market, including, emergence of eco-friendly pack conveyors, ushering in a new era of green conveying.
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Global Pack Conveyors Market: Regional Outlook
Geographically, the pack conveyors market can be segmented into
North America
Latin America
Western Europe
Eastern Europe,
Asia Pacific (excluding Japan)
Japan, and
Middle East & Africa (MEA).
The rise in manufacturing and other industries will drive growth of the pack conveyors market in the APAC region. Asia-Pacific is expected to experience the most prominent growth, over the forecast period. India and China are forecast to be the key contributors to the global pack conveyors market in this region. Europe is expected to lead the global pack conveyors market, in terms of volume.
Global Pack Conveyors Market: Key Players
Few of the key players operating in the global pack conveyors market are - ACMI SpA, S.V. Modular Conveyors Private Limited, Shuttleworth LLC, Bando Chemical Industries, Ltd., Power Pack Conveyor Company, Integrated Conveyors and Pacline Automation Technologies, Phoenix Conveyor Belt Systems GmbH, and Vetromeccanica srl.
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Regional analysis includes
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Pack Conveyors Market: Segmentation
On the basis of product type the global pack conveyors market has been segmented as follows:
Slat conveyors
Belt conveyors
Roller conveyors
Accumulation conveyors
LBP conveyors
On basis of applications the global pack conveyors market has been segmented as follows:
Primary packaged products
Secondary packaged products
On basis of different types of chains, the global pack conveyors market has been segmented as follows:
Thermoplastic resin
Rubber
Roller
Modular
On the basis of End Use Industry, the global pack conveyors market has been segmented as follows:
