The top four emerging trends driving the global pallet market are greater emphasis on automation processes and use of new technologies, vertical integration by companies, growing preference for block pallets, and the rise in power of pallet pooling companies, according to Technavio transportation and logistics research analysts.
Technavio analysts are forecasting positive growth for many segments of the global IT spending market by industry over the next four years as several related markets, including IT spending in railways, spending in airports and healthcare supply chain management, will likely witness an increase in revenues.
The global e-commerce logistics market is expected to grow at 9.69 percent through 2020, primarily because of growth in the cross-border e-commerce market, which is expected to increase at a rate of more than 28 percent worldwide.
The global office stationery and supply market is likely to exceed $2bn by 2019 as the developed markets for office stationery and supply products are growing at a very high rate. These markets include the U.S., the UK, Germany, Canada, France and Japan. Major growth is also expected from developing markets like China, Brazil, South Korea and India.
The global market for green packaging - comprising recyclable, reusable and degradable packaging - is predicted to grow at a combined annual growth rate of more than 7 percent through 2020, according to Technavio.