The new report by Expert Market Research titled, ‘North America Pallet Market Analysis, Growth, Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the North America pallet market, assessing the market based on its segments like type, application, structural design, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/north-america-pallet-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): 1,563.9 billion units
- Forecast CAGR (2023-2028): 1.8%
- Forecast Market Size (2027): 1,737.7 billion units
The growth of the North America pallet market if driven by the increase in online shopping platforms. The e-commerce sector saw a robust growth owing to the covid-19 lockdown in 2021 thereby bolstering the pallet demand from storage and warehousing facilities. Additionally, the market if further fuelled by the rising demand for sustainably produced wooden pallets. Moreover, the government initiatives such as North American Pallet Recycling Network, for promoting the use of reusable and recycled is projected to provide growth opportunities over the forecast period.
North America Pallet Industry Definition and Major Segments
A pallet refers to a platform or support made from plastics, metal, wood, or corrugated paper. It is a form of tertiary packaging and finds application primarily in logistics and warehousing. It is used for storing, transporting, and managing heavy load.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/north-america-pallet-market
On the basis of type, the market is segmented into:
- Corrugated Paper
Based on application, the market is categorised into:
- Food and Beverage
- Chemicals and Pharmaceuticals
- Machinery and Metal
On the basis of structural design, the market is divided into:
The regional markets for North America Pallet include:
- United States of America
North America Pallet Market Trends
The North American wood pallet market is anticipated to be dominated by the wood pallet segment owing to it cheaper production cost. However, the plastic pallet segment witnessed a rapid growth amidst covid-19 pandemic. The plastic pallets can be washed and sanitised multiple times without damaging its structural integrity, thus, aiding the growth. Additionally, the stringent government regulations for food transport led to increased plastic pallet deployment in food and beverage sector thereby, propelling the market further.
Key Market Players
The major players in the market are PalletOne Inc., Herwood Inc., John Rock Inc., Pallet USA, TMF Corporations and a few others.
Read More Reports:-
Building-integrated Photovoltaics Market: https://www.marketwatch.com/press-release/building-integrated-photovoltaics-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-06-16?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA