United States Pallet Market 2015-2019 with CHEP, Millwood, PalletOne & PECO Dominating

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Jul 23, 2015, 02:12 ET

DUBLIN, July 16, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/t368qv/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.

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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.

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