Increasing Demand From Manufacturing Industries To Impel The Growth Of Pallet Market In Future
The global pallet market is segmented into product type such as plastic pallets, corrugated cardboard pallets, wood pallets, metal pallets, lightweight plywood pallets and press wood pallets. Among these segments, wood pallet segment is expected to occupy top position in overall pallet market during the forecast period. Further, benefits of wood pallets such as high strength, lightweight, recyclable and cost-effectiveness are believed to be major growth driver of the wood pallet market. Moreover, rising demand from end use industries is anticipated to drive the growth of the wood pallet market. However, plastic pallet segment is projected to showcase highest CAGR during the forecast period. Global pallet market is expected to flourish at a significant CAGR of 4.8% during the forecast period. Moreover, the global pallet market is expected to garner significant revenue by the end of 2021. Increasing shipping activities in the world and positive growth of food & beverage & man...