The unprecedented growth in e-commerce industry is expected to drive the demand for pallets on a significant scale.
The global pallets market size is expected to reach $110.5 billion in 2027 from $79.0 billion in 2019, growing at a CAGR of 5.1% from 2020 to 2027.
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Moreover, pallets are generally used as a base for stacking, storing, transporting, and protecting materials, which are later transported using material handling equipment. Further, the standard sizes of pallets differ within different regions and countries.
Covid-19 Impact Analysis
The outbreak of COVID-19 pandemic has negatively affected the pallets market due to halt in international trade, prolonged lockdown, and ceased manufacturing processes. In addition, the major end-user companies in China, Germany, and the UK are facing financial impacts due to halted production and interrupted supply chains, which is expected to hinder the growth of the pallets market during 2020.
Top 10 Key Market Players
CABKA Group GmbH
Craemer Holding GmbH
LOSCAM International Holdings Co., Ltd.
Rehrig Pacific Holdings, Inc.
Schoeller Allibert Services B.V.
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Key Market Segments
Plastic via injection molding
Plastic via other methods
By End-user Industry
Food & beverage
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