According to IMARC Group’s latest report, titled “Europe Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Pallets are horizontal, flat-bladed platforms that are usually composed of corrugated paper, metal, plastic, and composite wood. They assist in supporting and carrying various products from one place to another using forklifts, which, in turn, increases efficiency and protects goods throughout the supply chains. Apart from this, pallets offer optimal stability, durability, flexibility, resistibility, and recyclability, on account of which they are extensively deployed in several verticals for storing, stacking, protecting, and transporting manufactured goods.
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The significant expansion in the manufacturing sector and the widespread adoption of the pallet in the food and beverages (F&B), construction, chemicals, and pharmaceuticals industries, due to the increasing need for energy-efficient material handling equipment is currently driving Europe pallet market growth. In line with this, strategic collaborations amongst key players for launching innovative pallets attached with radio-frequency identification (RFID) chips to track or trace the products is further propelling the market growth. Additionally, the shifting inclination toward plastic pallets over their wooden counterparts amongst manufacturers is attributed to the escalating environmental consciousness and rising awareness regarding their environmental benefits. This, in turn, is positively stimulating the market growth. Looking forward, IMARC Group expects the Europe 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.
Breakup by Type:
- Corrugated Paper
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
Breakup by Structural Design:
Breakup by Country:
- United Kingdom
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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.
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.
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