Albany, NY -- (SBWire) -- 06/28/2016 --A pallet is a flat panel that serves as a base for storing and transporting raw materials and finished products. It is designed to be lifted by forklifts and pallet jacks. The majority of pallets are made from wood, but pallets made of plastic, metal, and corrugated paper are also available. The use of palletized storage and transportation is one of the key considerations in modern logistics, as it enables operational efficiency in terms of material handling.
The pallet market in the US to grow at a CAGR of 2.2% over the period 2015-2020. The pallet market in the US is highly fragmented with the presence of local, regional, and international vendors. The market can be segmented into four based on the type of materials used to manufacture pallet: wood, plastic, metal, and corrugated paper.
Technavio's report, Pallet Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the market landscape and its growth prospects in the coming years, it also covers the vendor landscape and a corresponding detailed analysis of the major vendors in the market.
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Key vendors
- Berry Industrial Pallets
- Buckhorn
- Cabka North America
- CHEP
- Millwood
- PalletOne
- PECO Pallet
- Rehrig Pacific Amcor
Other prominent vendors
- Conitex Sonoco
- Edwards Wood Products
- Enviro-Pack Material Handling
- General Pallet
- Greystone Logistics
- iGPS Logistics
- Indoff
- Kamps
- LITCO International
- Nelson
- ORBIS
- Universal Package Systems
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Key questions answered in this report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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The US Pallet Market to Grow at a CAGR of 2.2% over Forecast 2016-2020
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