DUBLIN--(BUSINESS WIRE)--The "Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global pallet market reached a value of US$ 3 Billion in 2017. The market is expected to reach a value of US$ 4 Billion by 2023, exhibiting a CAGR of 4.7% during 2018-2023.
Increasing consumer expenditure on housing and infrastructural activities as a result of surging disposable incomes along with rapid urbanization and industrialization remains the primary growth-inducing factor for the global pallet market. In the recent years, plastic pallets have gained immense popularity across various sectors on account of their reusability and recyclability. Moreover, manufacturers are also coming up with various technological innovations in order to increase their consumer-base. Apart from this, a rising need for safe and efficient transportation alternatives is anticipated to boost the demand for pallets in the coming years.
The report has segmented the market on the basis of type into wood, plastic, metal and corrugated paper. Among these, wood accounts for the majority of the total share.
The market has further been segregated on the basis of application. This segment includes food and beverages, chemicals and pharmaceuticals, machinery and metal, and construction.
Region-wise, North America exhibits a clear dominance in the market, followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.
The report has also analyzed the competitive landscape of the market with some of the key global players: Brambles Ltd., Rehrig Pacific Company, Schoeller Allibert, LOSCAM and CABKA Group.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Pallet Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Structural Design
9 Market Breakup by Region
10 Imports and Exports
11 Pallet Manufacturing Process
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/6l2ds9/global_pallet?w=4