A new research report by IMARC Group, titled “Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 57.6 Billion in 2021. Pallets are portable, horizontal logistics platform that assists in supporting various consumer goods by transporting them through conveyer forklift or front loader. It can be manufactured from wood, plastic, corrugated paper, and metal materials based on the application. Pallet aids in ensuring smooth transportation of products, protecting commodities by eliminating knocks and bumps, and stacking heavier objects. Apart from this, pallet exhibits optimal strength, due to which it is extensively used in storing, handling, and assembling goods in warehouses.
Request for a PDF sample of this report: https://www.imarcgroup.com/pallet-market/requestsample
One of the key factors driving the pallet market growth is the increasing need for lightweight and efficient material handling equipment for optimizing logistic operations across various industrial verticals. In line with this, significant technological advancements, such as the integration of radio frequency identification (RFID) chips for tracking and tracing goods in real-time, are propelling the market growth. Moreover, the rising environmental concerns have prompted key players to utilize waste wood over plastic to manufacture pallets, which in turn, is impelling the market growth. Apart from this, significant expansion in the manufacturing and e-commerce sectors and growing standards of transportation operations are creating a positive outlook for the market. Looking forward, IMARC Group expects the pallet market to reach US$ 75.9 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.
Checkout Now: https://www.imarcgroup.com/checkout?id=888&method=1
Competitive Landscape:
- Brambles Ltd.
- Rehrig Pacific Company
- Schoeller Allibert
- LOSCAM
- CABKA Group
Key Market Segmentation:
Breakup by Type:
- Wood
- Plastic
- Metal
- Corrugated Paper
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
- Construction
- Others
Breakup by Structural Design:
- Block
- Stringer
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/pallet-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
