The global pallet market to grow at a CAGR of 4.90% during the period 2016-2020.
Global Pallet Market 2016-2020, 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.
One trend which will propel market growth is vertical integration by companies. The demand for lumber used for manufacturing pallets is high in the construction and furniture industries. Sawmills are unable to meet the growing demand. As a result of the shortage of lumber in the market, pallet manufacturers find it difficult to complete their orders.
Therefore, the supply of raw materials to pallet manufacturers has been adversely affected. Pallet manufacturers such as Arrington Lumber and Pallet and Associated Pallet are vertically integrating and investing in logging and sawmills. This enables them to offer high-quality pallets at an economical price.
According to the report, a key growth driver is the increase in manufacturing output. The revival of the manufacturing sector and projected economic expansion worldwide will boost demand in the materials transport segment. The MAPI (Manufacturers Alliance for Productivity and Innovation) Foundation anticipates manufacturing production to outpace GDP during 2015-2016.
The output in the manufacturing sector has increased over the last three years after a fall in 2008-2009. The manufacturing production will grow at 3.6% in 2016 and 2017. The uptick in manufacturing and resultant need to transport materials, including exports will drive the demand for pallets.
Further, the report states that one challenge that could restrict market growth is the limited availability and high cost of raw materials.
- Rehrig Pacific
- Schoeller Allibert
Other prominent vendors
- CABKA Group
- The Corrugated Pallets
- Craemer Holding
- Euro Pool System International
- Faber Halbertsma Group
- Greystone Logistics
- HTR Paletten-Service
- INKA Paletten
- Jinyuan Group Wuhu Zhongshan Wood Packing
- Kamps Pallets
- Litco International
- PECO Pallet
- Prioridades Ecológicas
- RM2 International
- Tianjin CIMC Logistics Equipment
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market opportunity assessment for different types of pallets