Albany, NY -- (SBWIRE) -- 12/30/2016 -- The growing need for safe, efficient, and easier transportation solutions, especially in end-user industries like dairy, cement, retail, chemical, automobile, and food and beverage, has benefitted the pallet market significantly. Manufacturers focus on increasing the quality and durability of pallets. There are increased instances of pallet production from recovered pallets. Though this indicates that vendors are making efforts to increase pallet quality, it will result in a declined rate of YOY production of new pallets. Pallet manufacturers are vertically integrating to develop sawmill and logging capabilities to tackle the shortage of raw materials and rising lumber prices.

The pallet market in Europe to grow at a CAGR of 5.57% during the period 2016-2020. The report covers the present scenario and the growth prospects of the pallet market in Europe for 2016-2020. To calculate the market size, the report considers only the new pallets produced in the industry.

The market is divided into the following segments based on geography:
- Eastern Europe
- Western Europe

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Technavio's report, pallet market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- CHEP
- PGS
- Rehrig Pacific
- Schoeller Allibert
- SSI SCHAEFER

Other prominent vendors
- CABKA-IPS
- Corrugated Pallets
- Craemer Holding GmbH
- Euro Pool System International
- Faber Halbertsma
- Falkenhahn
- HTR Paletten-Service
- INKA Paletten
- IP
- Marko KEA
- ORBIS
- Prioridades Ecolgicas
- Rotom
- Schroth

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Key questions answered in this report:
- What will the market size be in 2020 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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