DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Pallet Covers Market 2017-2021" report has been added to Research and Markets' offering.
The global pallet covers market is forecast to grow at a CAGR of 6.27% during the period 2017-2021.
The report, Global Pallet Covers Market 2017-2021, 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.
The latest trend gaining momentum in the market is innovations in pallet covers. The global pallet covers market provides less scope for innovation and technological advances. Nonetheless, the vendors operating in the global pallet covers market are developing diversified products and innovations for enhancing their product portfolios. For instance, Tri-Cor pallet covers are providing customized printed pallet covers with the company name, logo, and product description for adding value to the pallet covers. Also, innovations, such as reversible pallet covers, which can be used as box liners are developed by Layfield Flexible Packaging for creating product differentiation through innovation in the packaging design.
According to the report, one of the major drivers for this market is the growth in demand for pallets. The global demand for pallets is expected to increase during the forecast period. The demand has witnessed a substantial growth rate of around 4.90%-5.10% during 2012-2017, and it is further expected to register a growth rate of 5.50%-5.75% during the forecast period. This increase in the demand for pallets is due to an increase in the economic activities across the world. For instance, the global GDP has witnessed a considerable growth rate during 2015-2017.
Further, the report states that one of the major factors hindering the growth of this market is the volatile raw material prices. Volatility in the raw material prices that are used for the manufacturing of pallet covers will have a significant impact on the profits of the pallet covers vendors. For manufacturing pallet covers, the raw materials required are polyethylene, PVDC, EVOH, and PVA. These raw material prices are dependent on the crude oil prices. This is because the resins that are processed to make polymers are the by-products derived from crude oil. Hence, the change in crude oil price will directly reflect on the polymer pricing. The polymer market is witnessing a reduction in price since the last few years.
- Insulated Products Corporation
- Orion Plastics
- Protek Cargo
Other prominent vendors
- Image Plastics & Packaging
- International Plastics
- Pallet Wrapz
- Polar Tech Industries
- PolyPak America
- PowerPlastics Pool Covers
- Syntex Industries
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/3lvmsk/global_pallet
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