The rising standard of operations in goods transportation is helping the global pallets market grow. As per Fortune Business Insight’s newly published report, titled “Pallets Market“: Global Market Analysis, Insights and Forecast, 2019-2026” which was valued at USD 59.91 Bn in 2018 is anticipated to expand at 5.1% CAGR between 2018 and 2026 to reach USD 88.69 Bn. These global standards are expected to necessitate the adoption of pallets during the forecast period.
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Key Companies Covered in the Report
- PECO Pallet, Inc.
- Cabka Group GmbH
- PalletOne, Inc.
- Brambles Ltd.
- Schoeller Allibert Group B.V.
- Loscam Australia Pty Ltd
- Craemer Holding GmbH
- ORBIS Corporation
- Falkenhahn AG
- C.N Inc
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Market Registers Impressive Growth in MEA Owing to Saudi Arabia’s New Waste Management Technologies
The pallet utilization is expected to be high in Asia Pacific during the forecast years. In 2018, the market was valued at USD 14.77 Bn and is anticipated to lead the global pallet market in the next few years. The region registers the highest adoption of plastic and wooden pallets for massive imports and exports of goods. Countries such as China and India are likely to be the most progressive markets in the forecast years.
The market in the MEA (the Middle East and Africa) generated a value of USD 6.18 Bn in the year 2018. The market is expected to grow in this region owing to the rising adoption of plastic pallets, especially in the logistics and transportation industry. Among countries in MEA, Saudi Arabia adopted novel technologies for waste recycling management. Furthermore, the country produced around 15 million tons of municipal waste every year. It is planning to continue adopting new technologies in order to reproduce and recycle plastic products for material handling equipment and industrial handling equipment.
1. By Material Type
- Composite Wood
2. By Application
- Food & Beverages
- Warehousing & Transportation
3. By Geography
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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Table of Content
5. Global Industrial Racking Systems Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Type (USD Mn)
5.2.1. Cantilever Racking System
5.2.2. Drive-in/Drive-thru Pallet Racking System
5.2.3. Selective Pallet Racking System
5.2.4. Push Back Pallet Racking System
5.3. Market Sizing Estimations and Forecasts – By industry Verticals (USD Mn)
5.3.4. Food and Beverages
5.4. Market Analysis, Insights and Forecast – By Geography (USD Mn)
5.4.1. North America
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. Latin America
6. North America Industrial Racking Systems Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Sizing Estimations and Forecasts – By Type (USD Mn)
6.2.1. Cantilever Racking System
6.2.2. Drive-in/Drive-thru Pallet Racking System
6.2.3. Selective Pallet Racking System
6.2.4. Push Back Pallet Racking System
6.3. Market Sizing Estimations and Forecasts – By industry Verticals (USD Mn)
6.3.4. Food and Beverages
6.4. Market Analysis, Insights and Forecast – By Country (USD Mn)
6.4.1. United States
7. Europe Industrial Racking Systems Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Sizing Estimations and Forecasts – By Type (USD Mn)
7.2.1. Cantilever Racking System
7.2.2. Drive-in/Drive-thru Pallet Racking System
7.2.3. Selective Pallet Racking System
7.2.4. Push Back Pallet Racking System
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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