Global Pallet Pooling Market, By Structural Design (Blocks, Stringers, Customized), Material (Wood, Composite, Plastic, Steel, Other Metals), End User (FMCG, Food & Beverages, Pharmaceuticals, Electronics, Chemicals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Pallet Pooling Market
The pallet pooling market is expected to witness market growth at a rate of 8.30% in the forecast period of 2021 to 2028, and will reach by the value of USD 2830.38 million by 2028. Data Bridge Market Research report on pallet pooling market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of pallet pooling market.
Pallet pooling refers to the practice of renting or leasing pallets from a shared pool that reduces the costs related to transportation and supply chain management. Pallet pooling is considered a good cost reducing opportunity because of high maintaining an inventory of pallets. Wooden pallet pooling consists of almost 90% of the global pallet pooling owning to their cost efficiency over plastic pallets.
The rise in adoption of radio frequency identification (RFID) tags among end-users acts as one of the major factors driving the growth of pallet pooling market. The relevance of automated loading/unloading of pallets for the purpose of enhancing the efficiency of pallet pooling, and the instalments of Tracking chips (RFID) in pallets as most end users require their products to be tracked accelerate the market growth. The increase in the recovery, reuse, and recycling of pallets because of growing government regulations for the development of a circular economy, and rise in investments in the food & beverage and pharmaceutical sectors further influence the market. Additionally, expansion of end-use industries, urbanization and digitization, and higher demand share as compared to other materials such as steel and composites positively affect the pallet pooling market. Furthermore, preference for its durability and cost efficiency, and disposable plastic pallet pooling extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, reluctance towards shared pool among population is expected to obstruct the market growth. The decline in demand due to COVID-19 is projected to challenge the pallet pooling market in the forecast period of 2021-2028.
This pallet pooling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info pallet pooling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pallet Pooling Market Scope and Market Size
The pallet pooling market is segmented on the basis of structural design, material and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of structural design, the pallet pooling market is segmented into blocks, stringers, and customized.
- On the basis of Material, the pallet pooling market is segmented into wood, composite, plastic, steel and other metals.
- On the basis of End User, the pallet pooling market is segmented into FMCG, food & beverages, pharmaceuticals, electronics, chemicals and others.
Pallet Pooling Market Country Level Analysis
The pallet pooling market is analyzed and market size, volume information is provided by country, structural design, material and end user as referenced above.
The countries covered in the global pallet pooling market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominate the pallet pooling market due to the increase in digital commerce ecosystem and surging industrial output within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rapid economic growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pallet Pooling Market Share Analysis
The pallet pooling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pallet pooling market.
The major players covered in the pallet pooling market report are Brambles, LOSCAM., Euro Pool System Benelux, Faber Halbertsma Group, Schoeller Arca Time Materials Handling Solutions, LPR Construction, Zentek Pool System GmbH, Contraload NV, PPS Midlands Limited, DS Smith Plastics Ltd., Buckhorn Inc., CABKA Group, Faber Halbertsma Group, iGPS, Litco International, Inc., and Noto GmbH, Falkenhahn AG, The Corrugated Pallets Company, and PGS GROUP, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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