Press release
India Pallets Market Production Values, Supply-Demand, Brand Shares and Forecast 2027
India Pallets Market
Rapid growth in the manufacturing industries in India is predominantly propelling the market growth of the pallets. According to the India Brand Equity Foundation, manufacturing industry has emerged as one of the high growth sectors in India. India is expected to become the fifth largest manufacturing country in the world by the end of the year 2020. The government aims to achieve a 25% GDP share and 100 million new jobs in the sector by 2022.
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The India pallets market has witnessed significant growth in recent past years, owing to the rising industrialization in the region. Increasing number of manufacturing units and the growing pharmaceutical and construction sector is a major factor propelling growth of the market. According to the Indian Brand Equity foundation (IBEF), the Indian pharmaceutical industry is expected to witness a CAGR of over 15% between 2015 and 2020.
Detailed Segmentation:
India Pallets Market, By Material Type:
Wood
Composite Wood
Plastics
Paper
Metal
Steel
Others
India Pallets Market, By Structural Design:
Block Pallets
Stringer Pallets
Customized Pallets
India Pallets Market, By End-Use:
Engineering Products
Pharmaceutical Products
Chemical & Petroleum Products
Textile & Handicraft Products
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Key companies covered as a part of this study includes Saraswati Engineering Limited, Schoeller Arca TIME Material Handling Solution, Mekins Group, Swift Technoplast Private limited, Doll Plast Pallets, JIT Wood Packaging, LEAP India Pvt. Ltd., Spanco Enterprises, Bharadwaj Packaging Private Limited, Aristoplast Products Pvt. Ltd., B.D. Industries (India) Pvt. Ltd., Total Pack, and DNA Packaging Systems
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