According to IMARC Group’s latest report, titled “United States Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit stable growth during 2021-2026. Pallets are a horizontal tertiary form of packaging, which are manufactured from different materials based on their application like wood, plastic, corrugated paper, and metal. They are extensively deployed in various verticals for storing, stacking, transporting, and protecting products in supply chains. Pallets are further utilized carrying various products from one place to another through a conveyer forklift or a front loader.
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The widespread adoption of the pallet in various industries, such as food and beverages (F&B), construction, chemicals, and pharmaceuticals due to its durability, resistance, and recycling properties, is one of the key factors driving the United States pallet market toward growth. Moreover, the rising inclination of consumers toward the e-commerce platform is another growth-inducing factor. In line with this, the increasing utilization of recycling techniques for reducing the wastage of wood for pallet manufacturing is propelling the market growth. Other than this, significant investments in research and development (R&D) activities for introducing technologically advanced pallets is creating a positive outlook for the market across the United States. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Type:
- Wood
- Plastic
- Metal
- Corrugated Paper
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
- Construction
- Others
Breakup by Structural Design:
- Block
- Stringer
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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