Pallet Market Size, Share, Trends, Growth and Forecast to 2021-2026

Pallets are horizontal platforms which offer a base for storing, handling, assembling and transporting products and materials. They are a type of tertiary packaging affixed with a superstructure and a bottom. Pallets are portable and easy to handle as they help in simplifying the process of loading and unloading and ensure safe delivery of the product. As a result, they are extensively used by suppliers and manufacturers of commercial goods across the globe. A new research report by IMARC Group, titled “Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, estimates that the global pallet market reached a volume of 7.6 Billion Units in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.8% during 2021-2026.

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Global Pallet Market Drivers/Constraints:

  • There has been a rise in the expenditure on both housing and infrastructure activities owing to a significant increase in disposable incomes and rapid urbanisation. This is one of the major factors which has been propelling the market growth.
  • Manufacturers have increasingly started using multiple-trip pallets instead of single-trip pallets as they offer lower cost per-trip, eliminate solid waste and enhance operational efficiency. This has, in turn, positively influenced the growth of the market.
  • Over the past years, there has been a significant development in the logistics and transportation sectors as well as trade volume of numerous emerging nations which have contributed towards an augmented demand for pallets across the globe.
  • The limited availability of pallets and increasing cost of raw materials are some of the other factors which act as major factors impeding the growth of the global pallet market.

Competitive Landscape:

  • Brambles Ltd.
  • Rehrig Pacific Company
  • Schoeller Allibert
  • LOSCAM
  • CABKA Group

Key Market Segmentation:

Breakup by Type:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper

Breakup by Application:

  • Food and Beverages
  • Chemicals and Pharmaceuticals
  • Machinery and Metal
  • Construction
  • Others

Breakup by Structural Design:

  • Block
  • Stringer
  • Others 

Regional Insights:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Explore full report with TOC & List of Figures:   https://www.imarcgroup.com/pallet-market

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Key highlights of the report:                                                           

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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