Technavio's market research analyst predicts that the global palletizing equipment market will grow at a CAGR of around 4 percent by 2020. The changing requirements from the packaging industry have resulted in the development of hybrid palletizers, which include features of both conventional as well as robotic palletizers. The hybrid palletizers provide the required flexibility of a robotic palletizer with the simplicity of conventional high-speed palletizer that can adapt to multiple packaging requirements, handle very delicate products, and facilitate quick product changeover. Also, the hybrid palletizer reduces the need for complex robot controllers and maintains a standard control platform of a conventional palletizer. The hybrid palletizer is cost-effective and helps companies to control the expenses related to training, programming, hardware, and troubleshooting. During 2015, the food and beverage industry was the largest revenue contributing segment in the palletizing equipment market and occupied more than 55 percent of the total market share. The adoption of palletizers will increase in the food and beverage industry as it is dependent on manual labor to palletize the products. Factors such as rising demand and growing competition have forced companies to include palletizing machines in their packaging line. Factors such as a rise in income levels, urbanization, and increased domestic consumption will accelerate the growth of the food and beverage industry during the forecast period, subsequently leading to the increased demand for palletizers. The increase in industrial investments coupled with changing consumer lifestyle and rising buying power will lead to the increased implementation of palletizers to enhance productivity. Vendors in the region are focusing on the development of automated packaging machines like robotic palletizers to address faster market turnaround time. This market is highly competitive and is characterized by the presence of well-diversified global and domestic vendors. The market is primarily dominated by key players and the regional vendors face tough competition in terms of product features and prices. To stay competitive in the market, several vendors are focusing on innovative products and new strategies. For instance, Kawasaki Robotics has launched new products such as highly rigid, ultra-high payload robots, and a dual-armed industrial robot called duAro to bolster its hold over the market. The key vendors in the market include, ABB, Columbia Machine, Fanuc, Kawasaki Robotics, KUKA. Other prominent vendors in the palletizing equipment market are American-Newlong, ABC Packaging, ARPAC, BEUMER Group, Brenton Engineering, Krones, Maschinenfabrik M�llers, Schneider, Premier Tech Chronos, Hartness International, Ouellette Machinery Systems, Westfalia Technologies, Gebo Cermex, Yaskawa Electric, Nachi Robotic Systems, and Thiele Technologies.