News

May 22, 2023

Global Pallets Market: By Product Type, By Material Type, By End

GLOBAL PALLETS MARKET: BY PRODUCT TYPE (RACKABLE, NESTABLE, STACKABLE, DISPLAY),

GLOBAL PALLETS MARKET: BY PRODUCT TYPE (RACKABLE, NESTABLE, STACKABLE, DISPLAY), BY MATERIAL TYPE (WOOD, PLASTIC, CORRUGATED PAPER, METAL, OTHERS), BY END-USER (FOOD & BEVERAGE, CHEMICAL, RETAIL, PHARMACEUTICAL, OTHERS) AND REGION – GLOBAL ANALYSIS OF MARKET SIZE, SHARE & TRENDS FOR 2019–2021 AND FORECASTS TO 2031.

New York, May 26, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Pallets Market: By Product Type, By Material Type, By End-User And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031" - https://www.reportlinker.com/p06458692/?utm_source=GNW PRODUCT OVERVIEWPallets are a unit load's primary interface. They safeguard items transiting through the supply chain by protecting them from fork truck hits, absorbing tensions, holding weight, and absorbing fork truck impacts. When you consider all they are expected to perform, you can see how they have a significant impact on the outcome of a shipment. Pallets are so prevalent that they’re almost unnoticeable, but without them, global trade would be as inefficient as a car without tires. Pallets of superior quality can hold more products per shipment, reduce product loss due to damage or infestation, prevent worker harm from overloaded or imbalanced shipments, and save money on things like fuel.MARKET HIGHLIGHTSGlobal Pallets Market is projected to register a higher CAGR of 5.2% in 2031.Global Pallets Market to surpass USD 127.4 billion by 2031 from USD 76.7 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2021-2031. Factors include the growing use of material handling equipment across a variety of industries. Pallet manufacturing companies that cater to the market are focused on creating products that are light, robust, and efficient for end-users. Furthermore, important firms are focusing on developing new pallets with RFID chips connected for tracking and tracing.GLOBAL PALLETS MARKET: SEGMENTSWood segment is expected to grow considerably over the forecast periodBy material type, the global pallets market is divided into Wood, Plastic, Corrugated paper, Metal, and Others. Since wood is frequently utilized for handling and storage, it is currently the most popular pallet type. Wood pallets are more sturdy, lightweight, and cost-effective than other pallet kinds. More than half of all wood pallets are recycled, which is significantly greater than aluminum, paper, or plastic recycling rates. Furthermore, trees are rarely felled to create pallets. Pallet wood is a by-product of the timber that is used in the construction of houses and furniture.Food & Beverage segment to grow with the highest CAGR during 2021-31Global Pallets Market is divided into end-user categories as Food & Beverage, Chemical, Retail, Pharmaceutical, and Others. Form these, pallets are most commonly used in the food and beverage industries, owing to rising food demand due to rising population, rising consumer disposable income, and the growth of packaged food. Aside from the food and beverage business, pallets are used extensively in the chemical and pharmaceutical industries, as well as in agriculture.MARKET DYNAMICSDriversFocus on sustainable packaging and pallets is a major market driverUse of RFID in pallet materials is benefitting for easy tracking, which drives the marketRestraintHigh cost associated with the Global Pallets.GLOBAL PALLETS MARKET:Key Players• Falkenhahn AGCompany Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis• CABKA Group GmbH• CHEP (Commonwealth Handling Equipment Pool)• Palettes Gestion Services• PalletOne, Inc.• Schoeller Allibert Group B.V.• The Corrugated Pallets Company• ORBIS Corporation• Craemer Holding GmbH• Rehrig Pacific Company, Inc.• World Steel Pallet Co.,Ltd• Arrington Lumber & Pallet Co. Inc.• LCN, Inc.• Loscam Australia Pty Ltd• Other prominent playersGLOBAL PALLETS MARKET REPORT ALSO CONTAINS AN ANALYSIS ON: Global Pallets Market Segments:• By Product Typeo Rackableo Nestableo Stackableo Display• By Material Typeo Woodo Plastico Corrugated papero Metalo Others• By End-Usero Food & beverageo Chemicalo Retailo Pharmaceuticalo Others• Global Pallets Market Dynamics• Global Pallets Market Size• Supply & Demand• Current Trends/Issues/Challenges• Competition & Companies Involved in the Market• Value Chain of the Market• Market Drivers and RestraintsRead the full report: https://www.reportlinker.com/p06458692/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________