Information Technology
Sortation Systems Market is predicted to Rise at a CAGR of 5.1% during the Forecast Period, observes TMR Study
Retail and e-commerce are likely to remain the most important end-use industry segments during the forecast timeframe. By 2026, it is expected to attain US$ 636 million , with a CAGR of 4.9% during the forecast period. E-commerce enterprises are demanding automated sorting systems as warehousing becomes more automated, allowing for more efficient and precise sorting.
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Some of the key market players are
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Warehouse Robotics Market - The global warehouse robotics market is projected to expand at a CAGR of 12.0% during the forecast period and reach value of US$ 9,579.3 Mn by 2027.
Warehouse Management Systems Market - The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.4% during the forecast period from 2019 to 2027
Advanced Packaging Technologies Market - The advanced packaging technologies market is expected to grow at a CAGR value of 7.5%, during the forecast period.
Packaging Machinery Market - The packaging machinery market was valued at US$ 49 Bn in 2018 and is anticipated to witness a CAGR of 6% during the forecast period of 2019-2026
Paper Straws Market - The global paper straws market is anticipated to exceed the value of US$ 5.2 Bn by 2028, grow at a CAGR of 6.8% from 2022 to 2028
Bulk Container Packaging Market - The global bulk container packaging market is expected to cross value of US$ 11.6 Bn by the end of 2031, expand at a CAGR of 9.7% from 2022 to 2031
Paperboard Packaging Market - The global paperboard packaging market is expected to reach US$ 299.4 Bn by the end of 2031, expand at a CAGR of 4% from 2022 to 2031
Portion Cup Market - The global portion cup market is anticipated to reach US$ 1,241.1 Mn by 2027, grow at a CAGR of 6.8% from 2022 to 2027
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