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Spill Pallets Market - Revenue Generation, Market Shares & Latest Development
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Spill Pallets Market: Market Dynamics
The ability of spill pallets for containing the leaks or spills of hazardous fluids from the loaded containers is the key factor for driving the spill pallets market. Transportation of crude oil in such large quantity to meet the energy need, poses the risk of not only environment degradation while transporting and handling large containers eliminates but also the risk of oil spillage in the ecosystem. Low cost and ease of availability of the plastic pallets is another factor boosting the demand in the spill pallets packaging market.
In addition, plastic spill pallets can also be recycled easily and are lighter in weight in comparison with wooden pallets, hence making plastic pallets sustainable and suitable choice for shipping companies. However, the entrance of flexi tanks in industrial bulk packaging market is eliminating the need for drums, IBC and other containers for transportation which is ultimately hampering the spill palettes market. Use of spill pallets can reduce the environment liability on shipping and transportation companies thus opening new opportunities for spill pallets market.
Being the world’s largest oil exporter, MEA region is expected to emerge as a key geographic region over the forecast period. North America is expected to follow the MEA region with considerable opportunities from countries such as Canada and US. However, APEJ, Eastern Europe, and Latin America are expected to exhibit moderate growth in spill pallets market over the forecast period. While Western Europe is expected to show sluggish demand in spill pallets market over the forecast period.
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Spill Pallets Market - Key Players:
Some major players of the spill pallets market are UltraTech International, Inc., Safety Storage Systems, Eagle Manufacturing Company, Justrite Mfg. Co., L.L.C., Nilkamal Limited., Robinson Industries, Inc., T.M. Fitzgerald & Associates, GEI Works, Jonesco (Preston) Ltd, CEP Sorbents, Inc. Shanghai Sourcing International Trade Co., Ltd. And Qingdao Huading Imp. And Exp. Co., Ltd.
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