Press release
Pallets Market Anticipated to Reach $110,565.7 Million by 2027
Pallets Market
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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Furthermore, the growth in the e-commerce industry has surged the demand for pallets significantly. The rise in inclination of people toward e-commerce, especially during the COVID-19 pandemic has created growth opportunities for the pallet manufacturers as well as the logistic companies. Automation of supply chain and logistic systems can propel the demand for pallets with RFID tags, bar codes, and other technologies. This is expected to drive the pallets market growth significantly.
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.
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 Players
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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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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