According to IMARC Group’s latest report, titled “India Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Pallets are horizontal, portable logistics platforms extensively used for protecting, stacking, storing, and transporting goods across supply chains. They are manufactured using various materials, including plastic, metal, wood, and corrugated paper. Pallets can also be easily handled through pallet jacks, forklifts, and conveyors. Consequently, they are mainly used across warehouses and logistic centers as a base for the smooth transportation of products and stacking heavier commodities while eliminating knocks and bumps.
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The rapid expansion of the chemical and pharmaceutical industries across India has surged the need for reliable and safer transportation material handling and storage equipment, such as pallets. This represents one of the prime factors driving the market growth. Additionally, the growing standards of transportation operations and the widespread product adoption due to their enhanced cost-effectiveness, lightweight, and durability are factors providing a significant boost to the market growth. Apart from this, the rising establishment of hypermarkets and supermarkets, the introduction of recyclable pallets made using wood wastes, and significant technological advancements are creating a positive outlook for the market. Looking forward, IMARC Group expects the India pallet market to continue its robust growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Type:
- Wood
- Plastic
- Metal
- Corrugated Paper
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
- Construction
- Others
Breakup by Structural Design:
- Block
- Stringer
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
