High applications of pallets in shipping and load-handling sectors and High penetration of the e-commerce industry are boosting the US Pallet Market | Forecast for 2023-2027|Technavio
The US Pallet Market is likely to experience steady growth because of the high applications of pallets in shipping and load-handling sectors and the high penetration of the e-commerce industry in the US. Rising at a CAGR of 2.86%, the market is estimated to have an incremental growth of 222.89 Mn in revenue from 2023 to 2027.
Some of the leading companies that are contributing significantly to this market advancement are Brambles Ltd., Edwards Wood Products, General Pallets Inc., Greystone Logistics Inc.,iGPS Logistics LLC, Indoff Inc., Kamps Pallets Inc., Larson Packaging Co., Litco International Inc., Menasha Corp., Millwood Inc., Myers Industries Inc., Nelson Co., etc. Our report includes the categorization of the core companies as pure play, category-focused, industry-focused, and diversified with a wider understanding of the business ecosystem.
US Pallet Market Analysis at a Glance
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the pallet market in the US
Technavio’s recent analysis of "the US Pallet Market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by the data-backed study of the market segments in the US, geographically during the forecast period." Refer to our sample report for more insights.
Variations in global crude oil prices affecting pallet manufacturers and Environmental concerns related to the use of pallets are expected to hinder the growth of the market. However, the rising popularity of pallet-tracking technologies and the adoption of reusable pallets will have a positive impact on the pallet market in the US during the forecast period.
Technavio’s analysis of the US Pallet Market also includes:
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will drive pallet market in us growth during the next five years
- Precise estimation of the pallet market in US size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the pallet market in the US industry across
- A thorough analysis of the market’s competitive landscape
- Comprehensive details of factors that will challenge the growth of the US Pallet Market.
