As the Cost of Wooden Pallets Is Low Compared to That of Plastic Pallets, It Acts as a Restraint to the Growth of the Plastic Pallet Market
According to a new report by Future Market Insights, the global pallet pooling (rental) market is expected to grow at 6.6% CAGR through 2027. Demand for pallet pooling (rental) is growing steadily, owing to their higher durability. Further, the high cost associated with repair, management, and storage of pallets is influencing companies to opt for rental pallet pooling.
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