Press release
Global Pallet Market To Grow At A CAGR Of 4.90% During The Period 2016-2020
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.
Technavios analysts forecast the global pallet market to grow at a CAGR of 4.90% during the period 2016-2020.
Covered in this report
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
Market driver
Increase in manufacturing output
For a full, detailed list, view our report
Market challenge
Limited availability and high cost of raw materials
For a full, detailed list, view our report
Market trend
Vertical integration by companies
For a full, detailed list, view our report
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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