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Pallet Market- Trends and Forecast till 2025

Asia-pacific is estimated to be the fastest growing market in the global pallet market and is expected to exhibit the same trend over the forecast period, owing to the growing government investments on construction activities in the region.

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Pallet Market- Trends and Forecast till 2025

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  1. Pallet Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025 © Coherent market Insights. All Rights Reserved

  2. REPORT DESCRIPTION Pallet Market Overview Pallet is a type of platform, which allows the storage and transportation of goods. It serves as a material for assembling, sorting, and storing of goods in the manufacturing units and warehouses, which are then lifted by jacking devices such as forklift, front loader, pallet jack, or cranes. Pallets are used in various manufacturing industries for material handling activities and is considered to be an inexpensive way of handling goods. The growing housing and construction sector coupled with the increasing manufacturing units is expected to fuel growth of the market. Moreover, the increase in the import and export of pharmaceuticals and food and beverage products has further augmented the need for reliable and durable product storing materials, thereby, fueling demand for pallets. The durability, light-weight, low-cost in terms of floor space, and labor requirement has made plastic pallets more desirable for shipment of goods and is accounted to be the fastest growing material segment globally. Moreover, various companies such as Amazon Inc and Inditex S.A among others are investing in R&D activities such as the innovation of RFID tags for tracking and tracing of pallets, is another factor driving growth of the global pallet market. © Coherent market Insights. All Rights Reserved

  3. REPORT DESCRIPTION North America holds a dominant position in the global pallet market, accounted with a market share of 37.99% in 2016. The developed food and beverage and construction sector in U.S. and Canada is the major factor driving growth of the market in the region. Moreover, the increasing demand for pharmaceuticals and health supplements, due to prevalent lifestyle diseases such as obesity and diabetes among other is expected to drive demand for plastic pallets, due to its enhanced durability and reduced contaminant problems. Asia pacific is estimated as the fastest growing market in the global pallet market and is expected to exhibit the same trend over the forecast period. The growing industrialization and globalization in the emerging economies of the region is the major factor fueling growth of the market. Moreover, the growth of pharmaceutical and chemical industry has propelled the need for safer and reliable transportation, storage, and other material handling activities, which in turn, driving growth of the pallet market. According to the Indian Brand Equity foundation (IBEF), the Indian pharmaceutical industry is expected to witness a CAGR of over 15% between 2015 and 2020. Furthermore, the Department of Industrial Policy and Promotion stated that, the drugs and pharmaceutical industry attracted foreign direct investment (FDI) of US$ 14.71 billion from April 2000 to March 2017. Moreover, the demand for wood pallets in construction and housing sector is also on the surge, owing to the growing government investments on construction activities in the region. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/1000 © Coherent market Insights. All Rights Reserved

  4. REPORT DESCRIPTION Among materials, wood segment is estimated as the largest segment in 2016 and is expected to show the same trend during the forecast period. The increasing use of wood pallets in the construction sector is the major factor fueling the market growth. Major Players in the Global Pallet Market: The major players are adopting various strategies for market growth. For instance, Brambles acquired IFCO (US pallet business) systems in 2011 as a part of their acquisition and merger strategy. Brambles Limited, LOSCAM, Rehrig Pacific Company, CABKA Group, PECO Pallet Inc, The Corrugated Pallet Company, Falkenhahn AG, Millwood Incorporation, Litco International Inc and Schoeller Allibert are some of the major players operating in the global pallet market. Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1000 © Coherent market Insights. All Rights Reserved

  5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved

  6. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCAR E IT CLINICAL DIAGNOSTIC BIOTECHNO LOGY PHARMACE UTICAL MEDICAL IMAGING Chemicals & Materials MEDICAL DEVICES Speciality and Fine Chemicals Bulk Advanced Materials Chemicals Green Chemicals Polymers & Resins Food Cosmetic Ingredients Ingredients © Coherent market Insights. All Rights Reserved

  7. ABOUT COHERENT MARKET INSIGHTS RESEARCH SOLUTIONS KEY STATS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNT RY ANALYS IS 150+ CONSUL T PROJECT S Consulting Projects Till Date 125+ SURVEY RESEAR CH EXCEL FORECAST DATABASE COMPETITI VE ASSESSMEN T Clients Worldwide Per Year 110+ TECHNOLOG Y SNIPPETS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

  8. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved

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