Increasing Demand for Organized Logistics to Propel Growth in Pallet Racking System Market: Transparency Market Research

Increasing Demand for Organized Logistics to Propel Growth in Pallet Racking System Market: Transparency Market Research

PR Newswire

ALBANY, New York, June 18, 2020

- Positive business environment and a growing e-commerce sector are contributing massively to growth in the market

- Sales of Pallet Racking Systems will increase with growth in 3PLs Market–anticipated for the forecast period. Asia Pacific to chart a CAGR OF 9.4% by value owing to increasing demand for organized logistics

ALBANY, New York, June 18, 2020 /PRNewswire/ -- The global pallet racking system market is on an upward growth trajectory over the period of 2019 to 2027. A host of trends and drivers will impact the growth curve positively. Some of these are growth in manufacturing sector and increasing demand for organized logistics.

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As per Transparency Market Research, "The growth rate that would be recorded by global pallet racking system market from 2019to 2027 is pegged at 7.4%, compounded annually. New and lucrative growth opportunities will be noted in the market landscape over the stated period."

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Key Findings of Global Pallet Racking System Market:

Understand the key trends pertaining to the Global Pallet Racking System Market (System Type - Conventional, Mobile Racking, Shuttle Racking, Hybrid/Customized Racking; Racking System Type - Selective Pallet Rack, Narrow Aisle Rack, Drive-in Rack, Push-back Rack, Gravity Flow Rack, Mezzanine, Others; Frame Load Capacity - Up to 5 Ton, 5-15 Ton, Above 15 Ton; Application - Cases & Boxes, Pipes & Panels, Tires, Drums & Pails, Rigid Sheets, Timber & Rolls, Trays & Crates, Others; End-use Industry - Packaging, Food & Beverage, Electrical & Electronics, Healthcare, Metal Processing & Manufacturing, Building & Construction, Chemical, Logistics & Warehousing, Mining, Others) - Global Industry, Size, Share, Growth, Trends, and Forecast Analysis 2019 – 2027 at https://www.transparencymarketresearch.com/pallet-racking-system-market.html 

Key Drivers of Growth in Global Pallet Racking System Market:

Increase in number and quality of warehouses is increasing and a major factor behind this is growth in manufacturing and retail. An increasing disposable income is also keeping the market buoyant by creating demand for goods. Additionally, automation and need for efficient operations is also driving growth in the global pallet packing system market. Some of the other growth factors, as identified by Transparency Market Research, are spelled out below:

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Regional Analysis of Global Pallet Racking System Market:

Analyze global pallet racking system market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Pallet Racking System Market:

The global pallet racking system market is a fragmented vendor landscape. Transparency Market Research has profiled the top companies that operate in the market in its report. It also provides details into financials, growth strategies, and products, among other things.

Top players in the global pallet racking system market are  Stora Enso Oyj, Georgia-Pacific LLC, Canfor Corporation, International Paper Company, Clearwater Paper Corporation, UPM-Kymmene Oyj, P.H. Glatfelter Co., Domtar Corporation, Mitsubishi Paper Mills Limited, Verso Corporation, BillerudKorsnäs AB, Burgo Group SPA, Twin Rivers Paper Company Inc., American Eagle Paper Mills, Delta Paper Corp., Catalyst Paper Corporation, Asia Pacific Resources International Holdings Ltd., Rolland Enterprises Inc., Alberta Newsprint Company Ltd., and Finch Paper LLC.

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Global Pallet Racking System Market – Segmentation:

System Type:

Racking System Type

Frame Load Capacity:

Application:

End-use Industry:

Region:

Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:

Portion Cups Market – The global portion cups market is estimated to be valued at US$ 726.4 million in 2019. The market is projected to expand at a CAGR of 6.9% during the forecast period of 2019-2027. Rapid adoption of Western culture in the developing economies of Asia Pacific, specifically India, has driven the growth of the consumption of fast foods and dipping sauces. Thus, the Asia Pacific region represents huge potential for the portion cups market.

Stick Packaging Market – The need for portion control and exact dosage in pharmaceuticals and food & beverage industries is expected to fuel the global stick packaging market during the forecast period, 2019-2027. Globally, the revenue generated from the sales of stick packaging products have been estimated to be around US$ 1,051.9 Mn in 2018 and are projected to expand at a CAGR of 5.2% by value, during the forecast period.

Converting Paper Market– The global converting paper market is projected to grow at a CAGR of 1.9% during the forecast period, owing to various factors, about which TMR delivers thorough insights and forecast in the global converting paper market report. The United States is estimated to dominate the converting paper market due to the evolving packaging industry and intolerance for plastic products in packaging. 

Absorbent Pads Market– As per TMR, the worldwide absorbent pads market is expected to report a rise at a CAGR of 5.10% during the period from 2019 to 2027. Absorbent pads are mainly produced using polypropylene, polyethylene, paper, and fiber. Universal absorbent pads, oil absorbent pads, chemical absorbent pads, and hazmat absorbent pads are the key products available in the global adsorbent pads market.

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