A pallet is a flat base panel that is used to serve as the base for the storage and transportation of raw materials and finished goods. Pallets are generally designed to be lifted by forklifts and pallet jacks. They are used as a returnable transport packaging material. These pallets are material handling equipment for the movement of goods and raw materials within a warehouse or between distribution centers. The increased use of palletized storage and transportation are the key considerations that are fueling the demand for pallets in transit packaging by different end-user industries. The growing need for efficient and safe storage and transportation is driving the global pallets market, especially for the end-user industries, such as food and beverage, chemicals, cement, pharmaceuticals, oil and gas, and automotive industries.
MIR analysts forecast the global plastic pallets market to grow at a CAGR of 7.70% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global plastic pallets market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of plastic pallets.
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Global Plastic Pallets Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Plastic Pallets Market Key Vendors Are: Brambles, LOSCAM, ORBIS, Rehrig Pacific, Schoeller Allibert.
Plastic Pallets Other prominent vendors Are : Buckhorn, CABKA, Craemer Group, Falkenhahn, Greystone Logistics, Kamps Pallets, Litco International, Millwood.
Plastic Pallets Market Driver:
- increasing demand for safe and hygienic pallets
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Plastic Pallets Market Trends:
- reduction of carbon footprint
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Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165638/global-plastic-pallets-market-2018-2022
The Plastic Pallets Market is divided into the following segments based on Geography:
This independent 118-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Plastic Pallets Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is reduction of carbon footprint. Plastic pallets are environment-friendly as they are made of HDPE or PP, unlike wooden pallets that are made up of lumber and is a non-renewable resource. The main reason for using eco-friendly plastic pallets is to reduce the global carbon footprint. Moreover, plastic pallets are recyclable and are extensively used to transport material due to their high durability. These advantages drive the demand for plastic pallets in the end-user industries.”
According to the report, one of the major drivers for this market is increasing demand for safe and hygienic pallets. Plastic pallets are extensively used in grocery, food and beverage, pharmaceutical, and e-commerce industries for several operations. Features such as hygienic, easily sanitized, non-porous, and ease of using for safe movement and storage of products, drive the increased use of plastic pallets. As plastic pallets are made up of non-porous materials, they do not absorb moisture which makes them suitable for food chain supply. Plastic pallets provide features such as safety, protection from contamination, and increased operational efficiency, due to which they are increasingly demanded in several industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Plastic Pallets Market Report:
- The key details related to Plastic Pallets Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Plastic Pallets Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Plastic Pallets Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Plastic Pallets Market by Types and by Applications in 2017.
MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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