According to IMARC Group’s latest report, titled “GCC Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Pallets refer to the horizontal platforms used for supporting goods and carrying them from one place to another with a front loader or forklift. They aid in stacking goods and are usually secured using a pallet collar, stretch wrap, adhesive, etc. Pallets are made utilizing various materials, including wood, plastic, metals, etc., depending on the application. As they are easy to handle, portable, relatively stronger than other containers, etc., pallets are extensively used by manufacturers for shipping commercial goods.
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The rising trade volumes in the region are primarily driving the GCC pallet market. Moreover, the increasing internet penetration and the expanding e-commerce industry are resulting in a significant growth in the logistics sector, thereby augmenting the demand for pallets. Apart from this, the elevating levels of urbanization, along with the escalating requirement for safe and efficient transportation alternatives, are further catalyzing the GCC market. Additionally, several manufacturers are incorporating numerous technological innovations in the production of pallets, such as the introduction of multiple-trip pallets, for reducing cost per trip, eliminating solid waste, improving operational efficiency, etc. This is anticipated to fuel the GCC pallet market over the forecasted period. Looking forward IMARC Group expects the GCC pallet 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 Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
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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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