Growth of Containerization in India will Drive the Market Growth during the Forecast Period
LONDON–(BUSINESS WIRE)–#PalletMarketinIndia–The pallet market in India is expected to register a CAGR of over 12% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Due to the extensive spread of the virus across the globe, the Materials industry is anticipated to have Mixed impact. The pallet market in India will showcase Positive impact during 2020-2024.
Pallet Market in India 2020-2024: Segmentation
Pallet Market in India is segmented as below:
Wood pallets are widely used as they are more durable and cost-effective. Wood pallets are majorly used to pack, transport and deliver food products such as fruits and vegetables, fish and seafood, oil, cheese, dairy, and bakery products. These can also be used as single-used and reusable pallets. This, in turn, will increase the usage of wood pallets by companies in the food and beverages, pharmaceutical, chemical, and consumer goods industries.
The Materials market is anticipated to have Direct impact and the pallet market demand in India will show At par growth. View market snapshot before purchasing
Rising popularity of pallets tracking technologies has been an instrumental factor in influencing the growth of pallet market in India. Other market drivers include the growth of containerization in India. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
Get more insights about the global trends impacting the future of pallet market in India, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40091
Pallet Market in India 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Brambles Ltd., CABKA Group GmbH, Ergen Plastic Industries, Greif Inc., LEAP India Pvt. Ltd., Nefab AB, Nilkamal Ltd., Schoeller Arca Time Materials Handling Solutions Ltd., Sintex Plastics Technology Ltd., and The Supreme Industries Ltd.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MATERIAL
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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