Global Pallet Market to grow at a CAGR of 4.90% during Forecast 2016-2020

Albany, NY, April 27, 2017: A pallet is a flat panel that serves as a base for storing and transporting raw materials and finished products. It is designed to be lifted by forklifts and pallet jacks. The majority of pallets are made from wood, but pallets made of plastic, metal, and corrugated paper are also available. The use of palletized storage and transportation is one of the key considerations in modern logistics as it enables operational efficiency in terms of material handling. With the growing need for safe, efficient, and easier transportation solutions, pallet market will benefit significantly from this requirement for safer transportation of the goods, especially for end user industries like dairy, cement, retail, chemical, automobile, food and beverage.

The global pallet market to grow at a CAGR of 4.90% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global pallet market for 2016-2020. To calculate the market size, Technavio considers only the new pallets produced in the industry for the market size and forecast.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Pallet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Brambles
- LOSCAM
- ORBIS
- Rehrig Pacific
- Schoeller Allibert

Other prominent vendors
- Buckhorn
- CABKA Group
- The Corrugated Pallets
- Craemer Holding
- Euro Pool System International
- Faber Halbertsma Group
- Falkenhahn
- Greystone Logistics
- HTR Paletten-Service
- INKA Paletten
- Jinyuan Group Wuhu Zhongshan Wood Packing
- Kamps Pallets
- Litco International
- Millwood
- PalletOne
- PECO Pallet
- Prioridades Ecolgicas
- RM2 International
- Tianjin CIMC Logistics Equipment

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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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