The global market for pallets market is projected to have a considerable CAGR of around 5.3% during the forecast period. Pallets are horizontal platforms that support products and aid in transporting them from one location to another using a forklift or front loader. Pallets are widely used in the shipping, transport, and storage of products. They are available in either standardized or customized specifications. They’re one of the most frequent stacking bases, and they’re usually attached with a stretch wrap, pallet collar, adhesive, or other forms of stabilization. The demand for logistics services is increasing significantly as a result of rising smartphone sales, increased internet penetration, and the developing e-commerce industry, which is boosting the growth of the pallet market globally. Moreover, the demand for packaging has surged throughout the past decade. There has also been a shift in the types of packing materials used. In most industries, shifting from rigid to flexible packaging has become the norm. In addition, the use of radio-frequency identification (RFID) tags for product tracking, especially in plastic pallets, is increasing rapidly in the recent past. These tags can contain more information and can easily be located within the warehouse.
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The global pallets market is segmented based on product type, and end-user. Based on the type, the market is further classified into the wood, plastic, and other types. Further, based on end-user, the market is segregated into transportation & warehousing, food & beverage, pharmaceutical, retail, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Pallets Market Report by Segment
By Types
- Wood
- Plastic
- Other Types (Metal)
By End-User
- Transportation & Warehousing
- Food & Beverage
- Pharmaceutical
- Retail
- Others (Construction)
Global Pallets Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pallets market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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