The global pallet container market is expected to gain a significant CAGR during the forecast period. The supply chain is dominated by the significant use of pallets. Rise in business expansions, regulations and policies are driving the market towards sustenance. Pallet container market is driven by rise in demand for warehouse and logistics industry. In addition, returnable transport packaging market is a rising trend in the international market. Moreover, rising demand from beverage, pharmaceutical, retail and manufacturing sector are contributing to the market growth. Use of RFID solution for real-time tracking helps in tracing the pallet container’s location adds to the market growth. However, fluctuation in raw material prices is likely to hinder the market growth during the forecast period.
By design, market is segmented as block pallets and stringer pallets. End-use segmentation for the market comprises beverages, grocery, automotive, construction, dairy and chemicals. Product segmentation for pallet container market comprises crates, boxes, wire bound pallet box and wire bound containers.
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Geographical segmentation for pallet container industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to dominate the market growth during the forecast period due to presence of manufacturing sector followed by vast chain of food and beverage subsidiaries. Inception of e-commerce and rising online transactions trigger the demand for pallet containers in the supply chain market.
North American and European markets are anticipated to rise at a higher CAGR during the forecast period thanks to rise in disposable income, consumerism and surge in food and beverage sector. The key players profiled in the pallet container market report are AUER Packaging, CABKA Group, Olitec Packaging Solutions, Schoeller Allibert, Brambles, ORBIS, Newgen Speciality Plastics, PREICO, Plastic Pallet and Container, TranPak, and Wanzl.
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