Press release
pallet pooling (rental) market is expected to grow at 6.6% CAGR through 2027
Renting pallet allows companies to shift their focus on core businesses and day-to-day supply chain operations. Further, simple rental systems allied with price transparency are promoting the use of renting pallet among end-users.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3671
The key trends influencing the global pallet pooling (rental) market are,
An increasing demand is being witnessed for pallets that meet hygiene requirements and offer mechanical performance.
Adoption of radio frequency identification (RFID) tags is increasing among end-users owing to its advantage of tracking the pallets throughout the supply chain.
By material type, Future Market Insights has segmented the market into HDPE, Polypropylene (PP), and advanced composites. Among these, HDPE is the largest segment by material type, accounting for nearly 75% revenue share. In terms of revenues, this segment was valued at US$ 506 Mn in 2016, and is anticipated to reach US$ 538 Mn in 2017. PP and advanced composites segments are projected to grow at over 7% CAGR through 2027.
By product type, the global pallet pooling (rental) market has been segmented into nestable, stackable, and rackable. Among these, nestable segment is the most dominant, accounting for nearly 40% revenue share of the market. The nestable segment was valued at US$ 277 Mn in 2016, and is projected to grow at 6.2% CAGR through 2027.
Future Market Insights offers market forecast and analysis on key end-users in pallet pooling (rental) market. According to the report, the key end-use segments include,
FMCG
Food
Pharma
Electronics
Chemica
Others
FMCG and food are among the most dominant end-users in the global pallet pooling (rental) market. These two segments will grow at 6.7% and 6.8% CAGRs respectively during the forecast period. The FMCG segment was valued at over US$ 217 Mn in 2016. By 2027, this segment is projected to surpass US$ 438 Mn in revenues.
North America remains the largest region for pallet pooling (rental) accounting for 38% revenue share of the market. In terms of revenue, the North America pallet pooling (rental) market is projected to grow at 6.7% CAGR through 2027. Western Europe is the second largest market, accounting for 23.5% revenue share. Future Market Insights estimates these two regions to remain dominant throughout the forecast period.
Visit For TOC@ https://www.futuremarketinsights.com/askus/rep-gb-3671
The key companies profiled by Future Market Insights in its report are iGPS Logistics LLC, Loscam Australia Pvt. Ltd., Brambles Limited, Euro Pool Group, and Faber Halbertsma Groep B.V. According to Future Market Insights’ competitive landscape analysis, Tier 2 companies account for 43% to 48% market share.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release pallet pooling (rental) market is expected to grow at 6.6% CAGR through 2027 here
News-ID: 918690 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
