Corrugated
Pallets Market is expected to display high growth in forthcoming years.
The pallet industry is observing exponential growth due to realignment of
several industries. With the economy back on track, consumer expenditure has
increased on housing and construction activities thus producing a demand for
pallets. Recyclable pallets and expendable pallets are in gross demand from
housing and construction segment.
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Furthermore, with the rise in
housing activities and urbanization coupled with growth of employment at all
levels and in several economies, abound, a demand for material handling
activities and products such as pallets have risen significantly. The pallet
manufacturers are delving on automation to boost productivity and raise
capacity of manufacturing plants. Pallet manufacturers are incorporating
sophisticated logistic system to improve their services. A process of nailing,
dismantling and repair is expected to augment production speed and productivity
margins.
Tracking systems are on its
way to appear on pallets to be able to track food to different points along the
distribution system and this way food remains safe. The use of plastic pallets
where new tracking systems can be easily implanted as compared to other pallets
are increasingly on the rise. Segmentation of corrugated pallets market by
product type and analysis includes Wood, plastic, metal and corrugated paper.
By geography, segmentation of
corrugated pallets market includes North America, Europe, Asia Pacific, MEA and
Latin America. Wooden pallets are preferred by pallet customers and lay equal
importance to lightness and reparability and recyclability of wooden pallets
and food and beverage and consumer goods industries are the major uses of
wooden pallets.
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Asia Pacific is expected to
rise disproportionately during forecast period and will suit manufacturing and
retail sectors, unseeingly high disposable incomes and consumer lifestyles and
high investments from the part of manufacturers in transportation and storage
of products; the region comes good with high profits in coming years. The key
industries involved in corrugated pallets market include Brambles, Loscam,
ORBIS, Rehrig Pacific, SchoellerAllibert, The Corrugated Pallets Company,
Creamer Holding, Euro Pool System International, Faber Halbertsma Group,
Fslkenhahn, GreyStone Logistics, Milwood, Palletone, PECO Pallet and Kamps
Pallet and Tianjin CIMC Logistics Equipment.
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