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The unprecedented growth in e-commerce industry is expected to drive the demand for pallets on a significant scale.

08-24-2021 03:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
pallets market

pallets market

A pallet is a platform or support for boards to stack loads upon them. Pallets are generally manufactured using plastic, wood, metal, and corrugated paper. They are considered a tertiary form of packaging and are a mandatory part of nearly all industrial supply chains and warehousing.

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

Brambles Limited
CABKA Group GmbH
Craemer Holding GmbH
Falkenhahn AG
LOSCAM International Holdings Co., Ltd.
Millwood, Inc.
Menasha Corporation
PalletOne Inc.
Rehrig Pacific Holdings, Inc.
Schoeller Allibert Services B.V.

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Key Market Segments

By Type

Rackable
Nestable
Stackable
Display

By Material

Wood
Plastic via injection molding
Plastic via other methods
Corrugated paper
Metal

By End-user Industry

Food & beverage
Chemical
Retail
Pharmaceutical
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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Contact:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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