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Impact of Existing and Emerging Structural Pallet Market Trends 2017-2025
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PMR’s report, titled “Global Pallets Market Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025” projects that growth of the retail and automotive sectors in regions such as Asia Pacific and Latin America is likely to boost the growth of the global pallets market over the next couple of years. The market in Asia Pacific is anticipated to present lucrative growth opportunities for pallet manufacturers. Moreover, growing number of supermarkets and hypermarkets is also leading to widespread adoption of pallets in the region. Pallets facilitate easier and faster movement of large quantities of consumer products from inventories to display cabinets. In terms of value, Europe and North America are expected to retain their leading positions in the global pallets market over the forecast period, as these two regions were early adopters of pallets.
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PMR report further cites that leading players in the market are focused on geographical expansion through acquisitions and mergers in an effort to increase sales. Companies are also concentrating on strengthening their distribution network in order to maintain a competitive edge in the global market.
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Brambles Ltd., Falkenhahn AG, Cabka Group GmbH, Palettes Gestion Services, PalletOne, Inc., Schoeller Allibert Group B.V., Corrugated Pallets Company, ORBIS Corporation, Craemer Holding GmbH, Rehrig Pacific Company, Inc., Edwards Timber Company, Inc., Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., Tasler, Inc., World Steel Pallet Co., Ltd., Arrington Lumber and Pallet Company, L.C.N Inc., Industrial Pallet Corporation, Loscam Australia Pty Ltd, PECO Pallet, Inc. are some of the prominent companies operating in the global market for pallets. Many of these companies are further improving their product portfolio by developing new products that are more efficient and have greater functionality.
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