Scope of the Study
Wood pallet is a flat platform on which goods are stored so that they can be lifted and moved using a forklift truck. It is generally made of numerous cuts of wood and is often discarded when their use seems complete. It is used in godowns for storing goods during the shipping process. It is easy to lift as there is gap between the floor and the bottom of the pallet. Pallets and luggage can move around the warehouse and arrange them in a neat manner. Wood pallets are not only restricted to heavy industries or stores, but it is also used for decoration purposes such as home decoration, room decoration with some innovative styles.
The market study is being classified by Type (Block Pallets, Stringer Pallets, Double-Face Pallet and Solid Deck Pallet), by Application (Logistics & Transportation, Manufacturing Enterprise and Others) and major geographies with country level break-up.
UFP Industries, Inc. (United States), CHEP (Australia), PalletOne, Inc. (United States), Kamps Pallets (United States), Inka Paletten GmbH (Germany), Falkenhahn AG )Germany), Millwood (United States), United Pallet Services, Inc. (United States), Pacific Pallets Pvt. Ltd. (India) and Shur-way Industries, Inc. (Canada) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wood Pallet market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Wood Pallet market by Type, Application and Region.
On the basis of geography, the market of Wood Pallet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Applications of Wood Pallets in Various Industries
- Increasing Needs in Packaging and Shipping Needs
- High Demand for Wooden Products
- Fluctuations in the Raw Material Prices
- Increasing Demand for Wood Pallets across the Industry Verticals across the Globe
- Growing Demand from Food Industry
- Government Rules and Regulations about Environmental Issues
Market Leaders and their expansionary development strategies
In September 2019, Universal Forest Products, Inc. has announced that one of its affiliates has acquired Hartford, Wisconsin-based Pallet USA, LLC. The acquisition expands Universalís industrial production capacity and services in the Midwest.
Key Target AudienceWood Pallet Manufacturers, Raw Material Suppliers, Distributors and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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