Pallet Racking Market is Predicted to Expand at A CAGR Of 6.8% by 2031- MRFR Study

Market Research Future Insights:

The global pallet packaging market is expected to witness significant growth in the coming years, according to a new report by Market Research Future (MRFR). Pallet Racking Market Size was estimated at USD 10,486.5 million in 2021. The pallet racking industry is projected to grow from USD 11,199.5 million in 2022 to USD 17,750.09 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.8% during the forecast period (2022 - 2030)

The increasing demand for safe and secure transportation of goods and the growing use of pallet packaging in various industries, such as food & beverage, pharmaceuticals, and logistics, are driving the growth of the market. Moreover, the increasing adoption of automation in the packaging industry is also expected to drive the growth of the market.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8332

Market Segmentation:

The global pallet packaging market has been segmented on the basis of material, product type, application, end-use industry, and region.

Based on material, the market has been segmented into wood, plastic, metal, and others. The plastic segment is expected to dominate the market during the forecast period, owing to the increasing adoption of plastic pallets in various industries, such as food & beverage and pharmaceuticals.

Based on product type, the market has been segmented into boxes, crates, containers, and others. The boxes segment is expected to dominate the market during the forecast period, owing to the increasing demand for packaging solutions in the food & beverage industry.

Based on application, the market has been segmented into storage and transportation. The transportation segment is expected to dominate the market during the forecast period, owing to the increasing demand for safe and secure transportation of goods.

Based on end-use industry, the market has been segmented into food & beverage, pharmaceuticals, logistics, and others. The food & beverage segment is expected to dominate the market during the forecast period, owing to the increasing demand for packaging solutions in the industry.

BUY NOW Report @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=8332

Regional segmentation:

The market is classified into North America, Europe and the Asia Pacific, and LAMEA countries based on region. The North American market has been divided into the U.S, Canada, and Mexico. The market covers Germany, France, the UK, Italy, and the Rest of Europe. The Asia Pacific countries are divided into China, India, Japan, and the Rest of Asia-Pacific. The regions like Africa and the Middle East also contribute to the Pallet Racking Market. The North American region contributes the best to the market among all these regions. After America, Latin America and South America followed the growth, and then the European countries held the market share because of the rapid development in the logistic industry.

List of the Key Companies in the pallet racking market include

Elite Storage Solutions (US)

Ridg-U-Rak (US)

Averys (France)

AR Racking (Spain)

Daifuku (Japan)

SSI SCHAEFER (US)

Hannibal Industries (US)

Mecalux (Spain)

KION Group (Germany)

Steel King (US)

Advance Storage Products (US)

Unarco Material Handling (US).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/pallet-racking-market-8332

Industry Trends:

The global pallet packaging market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include Smurfit Kappa Group plc, Greif, Inc., Sonoco Products Company, Brambles Ltd, and Rehrig Pacific Company.

The market is witnessing the entry of new players, owing to the increasing demand for safe and secure transportation of goods and the growing use of pallet packaging in various industries. Moreover, the increasing adoption of automation in the packaging industry is expected to drive the growth of the market in the coming years.

Browse More Related Reports:

Pallet Racking Market Size- https://www.marketresearchfuture.com/reports/pallet-racking-market/market-size

Pallet Racking Market Trends- https://www.marketresearchfuture.com/reports/pallet-racking-market/market-trends

Pallet Racking Market Share- https://www.marketresearchfuture.com/reports/pallet-racking-market/market-share

US Pallet Racking Market- https://www.marketresearchfuture.com/reports/us-pallet-racking-market-13705

Pallet Racking Companies- https://www.marketresearchfuture.com/reports/pallet-racking-market/companies

Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

This release was published on openPR.