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Global Pallet Display Market - Revenue, Opportunity, Segment and Key Trends 2017-2026

01-10-2018 08:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
A multitude of companies of varying sizes operate in the global pallet display market. TMR observes that a number of market players are concentrating on increasing their product portfolio and bring innovation in product design. Xinapse Systems Ltd., DS Smith Plc, Georgia-Pacific LLC, FFR Merchandising Company, Marketing Alliance Group, Pratt Industries Inc., Sciencesoft USA Corporation, Toshiba Medical Systems Corporation, Sonoco Products Company, Smurfit Kappa Group PLC, WestRock Company, U.S. Corrugated, Inc., Creative Displays Now, Mirada Medical Limited, and Siemens Healthineers rank among the top companies functioning in the industry. Many of these player are expected to further expand operation in emerging markets such as Brazil, China and India in order to tap into the imminent growth opportunities present in these countries.

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Corrugated Board a Leading Segment

Increasing use of corrugated board based pallet displays for showcasing various types of products is driving the growth of the segment. The corrugated board pallet segment is estimated to reach a valuation in excess of US$ 1,000 Mn by 2026-end. This segment is projected to exhibit a CAGR of 4.8% during the forecast period. The segment currently commands for a considerable market share in terms of revenue. Demand for corrugated pallet displays will remain strong owing to their growing use in large retail outlets. Moreover, brands are using corrugated cardboard pallet displays showcasing of larger volumes of products.

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North America to Lead the Global Market for Pallet Displays

In terms of revenue, market in North America is expected to remain highly lucrative over the next couple of years. The region’s market is likely to surge at a CAGR of over 4% during the forecast period. Meanwhile, regions such as Europe, MEA, Latin America and APEJ are also expected to present market opportunities in the forthcoming years. Factors such as increasing brand penetration and robust development of the commercial infrastructure is anticipated to support the growth of the market in these regions.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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