Pallet is flat base structure used for goods stacked atop it for transport and shipping purpose. Pallet facilitates the transportation of goods and containers in a stable manner by providing support while moving the goods from one place to another and can be elevated by forklifts, jacking devices pallet jacks and front loaders.
Increased consumerism on the back of expanded personal disposable income across the globe has allowed the Indian pallet market to reach new s. Global pallet market is anticipated to grow at a compound annual growth rate (CAGR) of 5.24% over the period 2015-2021.
On the basis of product type, India pallet market can be segmented into:
On the basis of application, India pallet market is classified as follows:
By Shape and Size
On the basis of shape and size, India pallet market is classified as follows:
On the basis of usage, India pallet market is classified as follows:
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and challenges
Increased demand from the user industry, up-surged economic activity, positive business sentiments and rising investment in the manufacturing and infrastructure facilities are the major growth drivers for global pallet market in the upcoming years.
In addition to that, escalating demand from packaging and automobile industry is yet another factor to act as a growth driver for the global pallet market in coming future.
The limited availability of raw material and high cost of raw material are the two major challenges for the global pallet market.
Market Size and Forecast
Global pallet market is anticipated to garner USD 51.6 Billion by the end of 2021. Further, the market is expected to witness a compound annual growth rate (CAGR) of 4.8% during the forecast period.
In the terms of geography, Asia Pacific market dominated the overall packaging machinery in 2016. In Asia Pacific, manufacturing industry is poised for huge growth, which further, is likely to impel the growth of the pallet market. North America is the second largest region witnessing the augmented demand for pallet. After North America, Europe is the biggest market for pallet and is projected to showcase robust demand for pallet during the forecast period. CLICK TO DOWNLOAD FREE SAMPLE REPORT
Scope and Context
Overview of the Parent Market
Market Size and Year on Year Growth
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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