What is Pallet Pooling System Rental Market Scope?
Pallets for manufacturing firms are managed by a pallet pooling company. Companies rent pallets from a pooled pool rather than purchasing their own supply. When needed, the pallet pooling firm guarantees that a supply of in excellent shape and ready-to-use pallets arrive at the facility. A pallet pooling service provider manages the reverse logistics required to retrieve these pallets for reuse by the firm or other manufacturers across the supply chain. Pallet pooling minimizes the complexity of pallet procurement, management, and recovery by removing the need for a firm to manage its own pallet supply, lowering waste and the Total Cost of Business (TCOB).
The Pallet Pooling System Rental market study is being classified by Type (Stackable, Rackable, Nestable and Others) and major geographies with country level break-up.
The demand for Pallet Pooling System Rental is increasing due to rising demand in the E-commerce sector with each passing day. The Companies in this industry are facing many challenges. Many worldwide and regional service providers participate in the sector and compete directly with industry leaders. It has been identified that market-leading players are investing heavily in technological development, resource utilization to boost the market position. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Pallet Pooling System Rental market throughout the predicted period.
Brambles Ltd (Australia), Tosca Services, LLC (United States), iGPS Logistics LLC (United States), Cartonplast Group (Germany), Loscam (Hong Kong), Faber Halbertsma Group (Netherland), P M Rehrig Inc (United States), Euro Pool Group (Netherland), Schoeller Allibert Group BV (Netherland) and Demes Logistics GmbH (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are IPP (Netherlands), Polymer Logistics (United States) and LEAP India (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Pallet Pooling System Rental market by Type, Application and Region.
On the basis of geography, the market of Pallet Pooling System Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In December 2020 Tosca Services LLC released a statement announcing the acquisition of Polymer Logistics. Tosca's worldwide reach and product selection will be expanded as a result of the acquisition of Polymer. Customers will benefit from enhanced network density, notably in the United States, as well as a broader product offering.
Influencing Market Trend
- Increased Adoption of Recyclable Pallets
- Rising Prevalence of Pallet Tracking Technology
Market Drivers
- Increased Demand for Plastic Pallet Due to Sustainability and Reduced Transportation Costs
- Growing E-Commerce Sales Have Increased Demand for Pallets in Warehouses and Distribution
Opportunities
- The Pallet Industry has the Opportunity to Benefit from Utilizing Green Economy
Restraints
- Increase in Lumber and Wood Prices
- The Pandemic had an Adverse Effect on Pallet Pooling Industry
Challenges
- Rising Cost of Skilled Labour
Key Target Audience
Venture and Capitalist, New Entrants/Investors, Analysts and Strategic Business Partners, Automotive, Healthcare and End-Use Industries
Customization available in this Study:
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