"The
Report Global Pallet Market 2016-2020 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
The
global pallet market is slated to expand at a 5% CAGR from 2016 to
2020, according to a report recently added to
MarketResearchReports.biz. The 64-page report is titled “Global
Pallet Market
2016-2020” and outlines the key factors driving and hampering the
market. The rapid expansion of a number of industries – such as
manufacturing, food and beverages, consumer goods, retail, and
personal care products – is the primary factor driving the pallet
market. Rising construction and housing activities have also
contributed to the growth of this market. While the vertical
integration by major companies is slated to offer several
opportunities, the high cost and limited availability of raw material
is likely to restrict the pallet market.
Pallets
can be of metal, wood, corrugated paper, or plastic. Wooden pallets
are most commonly used and as a result, this segment accounted for a
massive 90.0% in 2015. These pallets dominate over other types in
terms of versatility, strength, variety, and cost-effectiveness and
other key features of wooden pallets include their ability to be
easily recycled or repaired and their light weight. However, in
recent years, plastic pallets have also gained prominence, especially
in the food and beverages sector. This can be attributed to the fact
that tracking technologies can be planted in these pallets with ease
and the fact that they adhere to food safety norms.
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Sample Copy, click here:
Geographically,
the report covers three main regions: Europe, the Middle East, and
Africa, Asia Pacific, and the Americas. At a CAGR of 8.0% between
2016 and 2020, Asia Pacific is likely to emerge as the fastest
growing regional market for pallets. This can be attributed to rising
disposable incomes of the consumers, changing consumer lifestyles,
rapid expansion of the retail and manufacturing sectors, increasing
investments in storage facilities, and high usage of pallets while
transporting and storing various products.
The
vendor landscape of the global pallet market is immensely fragmented
and comprises recycling specialists, manufacturers, pooling firms,
and management companies. Considering the intense competition in the
market, vendors are differentiated based on their customized
offerings to cater to the varied demands of the consumer. Along with
major enterprises in the pallet market vendor landscape, there are
numerous small family-owned companies that offer stiff competition.
With growing investments in the industry, companies are focused on
the development of pallets with better durability and strength. Newer
technologies are also being adopted in order to track equipment and
refine service offerings in a modern logistics sector.
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Press Release @
http://www.marketresearchreports.biz/pressrelease/4595
The
pallet market is dominated by LOSCAM, Brambles, Rehrig Pacific,
Schoeller Allibert, and ORBIS. Apart from these, there are several
other prominent companies in the market: RM2 International, Craemer
Holding, Falkenhahn, INKA Paletten, Kamps Pallets, CABKA Group,
Greystone Logistics, Tianjin CIMC Logistics Equipment, Euro Pool
System International, The Corrugated Pallets Company, Buckhorn, Faber
Halbertsma Group, Litco International, Millwood, IPG Intelligent
Packaging Group, PalletOne, Jinyuan Group Wuhu Zhongshan Wood
Packing, Prioridades Ecológicas, PECO Pallet, and HTR
Paletten-Service.
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