DUBLIN , May 19, 2022 /PRNewswire/ -- The "Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global pallet market reached a value of US$ 57.6 billion in 2021. Looking forward, the market is projected to reach US$ 75.9 billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

Pallets refer to horizontal platforms that support goods and assist in carrying them from one place to another using a front loader or a forklift. They are one of the most common bases employed to stack goods and are generally secured with a stretch wrap, pallet collar, adhesive or other means of stabilization. They can be manufactured using different materials depending on the application, such as wood, plastic, metal, etc. As they are relatively stronger than other containers like plastic wrappers and cardboard boxes, workers can stack heavier objects on a single pallet without breaking it. Owing to these attributes, they are extensively used by a large number of manufacturers and shippers of commercial goods across the globe.

With the rising sales of smartphones, increasing penetration of the internet and growing e-commerce industry, the demand for logistics services is being spurred considerably which, in turn, is strengthening the growth of the pallet market across the globe.

Apart from this, increasing consumer expenditure on housing and infrastructural activities owing to the inflating income levels of consumers, in confluence with the rapid urbanization as well as industrialization, is boosting the demand for pallets worldwide. In addition, manufacturers are investing in research and development (R&D) activities to incorporate technological innovations in the production of pallets.

For instance, they have introduced multiple-trip pallets, which aid in reducing cost per-trip, eradicating solid waste and improving operational efficiency. Plastic pallets have also gained immense popularity across various sectors on account of their reusability and recyclability. Competitive Landscape

The market is fragmented in nature due to the presence of several small and large manufacturers who compete against one another in terms of prices and quality. Some of the leading players operating in the market are:

Key Questions Answered in This Report 1. What is the size of the global pallet market? 2. What are the key factors driving the global pallet market? 3. What has been the impact of COVID-19 on the global pallet market? 4. What is the breakup of the global pallet market based on the type? 5. What is the breakup of the global pallet market based on the application? 6. What is the breakup of the global pallet market based on the structural design? 7. What are the key regions in the global pallet market? 8. Who are the key companies/players in the global pallet market? Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Pallet Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Breakup by Type 5.5 Market Breakup by Application 5.6 Market Breakup by Structural Design 5.7 Market Breakup by Region 5.8 Market Forecast 5.9 SWOT Analysis 5.9.1 Overview 5.9.2 Strengths 5.9.3 Weaknesses 5.9.4 Opportunities 5.9.5 Threats 5.10 Value Chain Analysis 5.10.1 Overview 5.10.2 Research and Development 5.10.3 Raw Material Procurement 5.10.4 Manufacturing 5.10.5 Marketing 5.10.6 Distribution 5.10.7 End-Use 5.11 Porters Five Forces Analysis 5.11.1 Overview 5.11.2 Bargaining Power of Buyers 5.11.3 Bargaining Power of Suppliers 5.11.4 Degree of Competition 5.11.5 Threat of New Entrants 5.11.6 Threat of Substitutes 6 Market Breakup by Type 6.1 Wood 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Plastic 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Metal 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Corrugated Paper 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Application 7.1 Food and Beverages 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Chemicals and Pharmaceuticals 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Machinery and Metal 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Construction 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Structural Design 8.1 Block 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Stringer 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Others 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Region

10 Imports and Exports 10.1 Imports by Major Countries 10.2 Exports by Major Countries 11 Pallet Manufacturing Process 11.1 Product Overview 11.2 Raw Material Requirements 11.3 Manufacturing Process 11.4 Key Success and Risk Factors 12 Competitive Landscape 12.1 Market Structure 12.2 Key Players 12.3 Profiles of Key Players 12.3.1 Brambles Ltd 12.3.2 Rehrig Pacific Company 12.3.3 Schoeller Allibert 12.3.4 LOSCAM 12.3.5 CABKA Group

For more information about this report visit https://www.researchandmarkets.com/r/m6jdr3

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

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