Research and Markets: United States Pallet Market 2015-2019 – Limited Availability and High Cost of Raw Materials Could Hinder Growth
July 16, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/rc8grt/pallet_market_in) has announced the addition of the “Pallet Market in the US 2015-2019” report to their offering.
The pallet market in the US to grow at a CAGR of 2.31% over the period 2014-2019.
The pallet market in the US is highly fragmented with the presence of local, regional, and international vendors. The pallet market in the US can be segmented into four: wood, plastic, metal, and corrugated paper.
The report, Pallet Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the market landscape and its growth prospects in the coming years, it also covers the vendor landscape and a corresponding detailed analysis of the major vendors in the pallet market in the US.
Pallets have undergone a series of transformation over the last 50 years in terms of innovations and material usage. Vendors continue to invest in R&D to develop pallets that are environmentally friendly, recyclable, and reusable. Among the factors influencing purchase decisions, strength and durability are considered as the top most. Pallets are designed and developed to ensure multiple trips in the supply chain process. The main effort of vendors has been toward shifting from single trip pallets to multiple trip pallets. Also, high damage rates of pallets have led to an increase in operational costs, which has prompted vendors to focus on developing high-quality pallets.
According to the report, the pallet market in the US is entirely dependent on the level of economic activity in the country. With the recovery of the US economy, procurement, production, and sales activities will increase. This is expected to increase the demand for products during the forecast period. With an increase in productivity, the demand for material transporting activities is also expected to rise, which would in turn propel the market for pallets.
Further, the report states that limited availability and high cost of raw materials could hinder growth in 2015.
Key Customer Segments
- Manufacturing sector
- Retail sector
- Transportation and warehousing sector
Key Vendors
- CHEP
- Millwood
- PalletOne
- PECO
Other Prominent Vendors
- Buckhorn
- Cabka North America
- Edwards Wood Products
- Greystone Logistics
- iGPS Logistics
- Kamps
- LITCO International
- ORBIS
- Rehrig Pacific
- RM2 International
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product Type
- Market Segmentation by End-user
- Buying Criteria
- Market Growth Drivers
- Drivers and Their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and Their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/rc8grt/pallet_market_in
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006232/en/
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