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Plastic Pallets Market By Application And Geography Is Projected To Reach US$ 17.5 Bn By 2024

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Plastic pallets market is expected to witness robust growth with increasing international trade of various products from various industries including food, manufacturing, chemical, medical and others. Pallets are used to stack the products to avoid damage to the products during transit. Traditionally, wooden pallets were used for the purpose of transportation. However, with emergence of plastic pallets due to their durability and resistant to damage, manufacturers and distributors are preferring plastic pallets for shipments as they are 30% to 40% lighter and durable than wood.  This in turn helping in reducing wear and tear on equipment during transportation. Moreover, plastic pallets are lighter in weight, which helps in reducing the cost of shipment cost nearly about 45%. Furthermore, proper utilization of plastic pallets also helps to minimize costs with respect to floor space, load weight, labor and sanitization, and helps in cutting the shipment expenditures and saving time. Also, factors such as decrease in product breakage due to pallet damage, drop in cleaning expenses, decline of repacking costs and problem-free disposable system significantly contributes to the growing applications of plastic pallets in the logistics section of various industries such as, grocery, automotive and pharmaceuticals. Thus, plastic pallets market is projected to witness high growth during the forecast period (2017-2025).

Competitive Insights:

Global plastic pallets market is segmented on the basis of application and geography. By application, food industry segment was the most dominant segment in global plastic pallets market in 2016 and anticipated to continue its dominance over the forecast period. Increasing international trade of food products especially packaged food is projected to drive the growth of the segment over the forecast period. On the basis of geography, Asia Pacific was estimated to be the largest market for plastic pallets in 2016 and projected to maintain its dominance during the forecast period. Rapid industrial development in the region especially in China is anticipated to drive the growth of the segment during the forecast period. Major players in global plastic pallets market are investing in research and development, merger and acquisition with focus on increasing market penetration.

Overall, global plastic pallets market is anticipated to register high growth over the forecast period (2017-2025).

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Plastic Pallets contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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