North America Pallet Market Size 2022-2027 Research Report with Upstream, Downstream Analysis, Drivers, Manufactures and Regional Forecast

According to the latest report by IMARC Group, titled “North America Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the North America pallet market size reached 2.9 Billion Units in 2021. Looking forward, IMARC Group expects the market to reach 3.7 Billion Units by 2027, exhibiting a growth rate (CAGR) of 3.74% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

 

North America Pallet Market Size Snapshots for 2022

A Closer Look at the North America Pallet Market Size | 2022

A pallet refers to a stable and horizontal platform that offers a base for storing, handling, assembling, and transporting goods from one place to another via a forklift or a front loader. It is manufactured using various materials, such as plastic, wood, metal, etc., depending on the applications. When compared to other containers, including cardboard boxes and plastic wrappers, a pallet is relatively stronger and can stack heavier objects without breaking. Consequently, it is widely utilized in material handling across several sectors, such as food and beverage (F&B), construction, chemical, pharmaceutical, etc.

Check Out What’s New in the North America Pallet Market:

The widespread product adoption in warehouses for storing finished products and raw materials conveniently is primarily driving the North America pallet market. Additionally, the expanding e-commerce industry is propelling the demand for reliable and efficient logistics services, which, in turn, is further catalyzing the market growth. Besides this, the growing product utilization in tertiary packaging of goods and materials, owing to its lightweight, durable, and pocket-friendly nature, is acting as another significant growth-inducing factor.

Moreover, the introduction of multiple-trip pallets that assist in eradicating solid waste, reducing cost per trip, improving operational efficiency, etc., is also augmenting the regional market. Apart from this, the rising investments in R&D activities aimed at integrating the active tracking devices with the latest technologies, including radio-frequency identification (RFID) tags, artificial intelligence (AI), Internet of Things (IoT), etc., to allow easy tracking, optimum protection, and delivery of the products, are anticipated to fuel the North America pallet market over the forecasted period.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/north-america-pallet-market/requestsample

Competitive Landscape with Key Players:

The competitive landscape of the North America pallet market has been studied in the report with the detailed profiles of the key players operating in the market.

Market Segmentation of the North America Pallet Market:

Based on Type:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper

Based on Application:

  • Food and Beverages
  • Chemicals and Pharmaceuticals
  • Machinery and Metal
  • Construction
  • Others

Based on Structural Design:

  • Block
  • Stringer
  • Others

Based on Country:

  • United States
  • Canada

Buy Report: https://www.imarcgroup.com/checkout?id=1736&method=1

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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.

Contact US:
IMARC Group
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Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
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