What is Pallets Market?
The pallet is a shallow portable platform which supports good in a stable fashion while being lifted by a forklift, a front loader, a pallet jack, or an erect crane. It helps in carrying goods with a front loader or forklift from one place to another. A pallet is one of the most common bases used for stacking goods and are generally secured with a pallet collar, adhesive stretch wrap or other means of stabilization. These are commonly made of wood, plastic or fiberboards. A four-way pallet is widely used and considered to be useful, as it is constructed to enable forklift truck tines to engage from any of its four sides.
The market study is being classified by Type (Wood, Composite Wood, Plastic, Metal, Card board or Corrugated and Others), by Application (Aerospace, Automotive & Transportation, Chemicals/ Pharmaceuticals, Computers & Electronics, Electrical Equipment, Fabricated Metals, Food, Beverage & Tobacco, Furniture, Industrial Machinery, Paper/ Printing, Plastics & Rubber, Primary Metals, Textiles/ Apparel and Others) and major geographies with country level break-up.
Brambles (Australia), Falkenhahn (Germany), Palettes Gestion Services (France), PalletOne (United States), Schoeller Allibert (United Kingdom), ORBIS (United States), Craemer Group (Germany), Rehrig Pacific (United States), Shanghai Lika Plastic Pallet Manufacturing (United States), Tasler Inc. (United States), World Steel Pallet (Thailand), Arrington Lumber and Pallet (United States), L.C.N Inc. (Canada), Loscam (Hong Kong) and PECO Pallet (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are LOSCAM (China), Schoeller Allibert (Netherland), Buckhorn (United States), CABKA(Germany), Kamps Pallets, Inc. (United States), Litco International (United States) and Saudi Pallet (Saudi Arabia).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Pallets market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pallets market by Type, Application and Region.
On the basis of geography, the market of Pallets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Need for Safe & Efficient Transportation Alternative
- The rise in Warehouse and Logistics Industry With Growing Demand of Pallets
Market Trend
- Implementation of Advanced IT-enabled Technology
- Growing Demand for Lightweight and Durable Products Across Several Industries
- Growing Preference for Block Pallet
Restraints
- Stringent Government Rules and Regulations
- High Cost Associated with Pallets
Opportunities
- Rising Demand from Emerging Economies
- Increasing Investment in Infrastructural Development
Challenges
- Repairs are More Difficult
- Complex Supply Chain and Manufacturing Processes
Market Leaders and some development strategies
In January 2019, Saudi Pallet Manufacturing Company, a multi-use plastic pallet manufacturer has signed a Memorandum of understanding with SABIC. Under the MoU, SPMC will partner with SABIC in order to manufacture Paxxal Pallet for export and develop supply chain initiatives for the local market.
Key Target Audience
Pallets Manufacturer, Pallets Supplier, Raw Material Supplier, Association and Government Bodies, Research Company and Others