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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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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CHEP’s New Technologies for Developing Lightweight Plastic Pallets Garners Growth
Pallet manufacturers are paying a lot of attention to develop plastic pallets with the emergence of advanced technologies such as automation processes. Moreover, the demand for plastic pallets is increasing as these are easy to clean.
A lead analyst at Fortune Business Insights said, “As plastic pallets are environmental-friendly, new users are also expected to adopt these pallets in the forecast horizon.” He added, “Raising awareness about reducing carbon footprint is further increasing sales of plastic pallets, thus driving the pallet market.”
CHEP- A Brambles Company has adopted novel technologies to develop plastic pallets. The aim of the company is to offer lightweight and durable products across several industries.
People across the world are increasingly investing in infrastructural and housing activities consequently with rising per capita income and rapid industrialization. This, along with rapid urbanization, is driving the global market.
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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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