Pallet Pooling (Rental) Market Analysis Will Expand at a CAGR of 6.6% from 2017-2027
Future Market Insights has announced the addition of the “Pallet Pooling (Rental) Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
Future Market Insights has announced the addition of the “Pallet Pooling (Rental) Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
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<strong>Pallet</strong> <strong>Pooling</strong> (<strong>Rental</strong>) <strong>Market</strong><br />
Global <strong>Pallet</strong> <strong>Pooling</strong> (<strong>Rental</strong>) <strong>Market</strong> to Grow <strong>at</strong> <strong>6.6%</strong> <strong>CAGR</strong> through <strong>2027</strong><br />
According to a new report by Future <strong>Market</strong> Insights, the global pallet pooling (rental) market is<br />
expected to grow <strong>at</strong> <strong>6.6%</strong> <strong>CAGR</strong> through <strong>2027</strong>. Demand for pallet pooling (rental) is growing steadily,<br />
owing to their higher durability. Further, the high cost associ<strong>at</strong>ed with repair, management, and storage<br />
<strong>of</strong> pallets is influencing companies to opt for rental pallet pooling.<br />
Renting pallet allows companies to shift their focus on core businesses and day-to-day supply chain<br />
oper<strong>at</strong>ions. Further, simple rental systems allied with price transparency are promoting the use <strong>of</strong><br />
renting pallet among end-users.<br />
The key trends influencing the global pallet pooling (rental) market are,<br />
An increasing demand is being witnessed for pallets th<strong>at</strong> meet hygiene requirements and <strong>of</strong>fer<br />
mechanical performance.<br />
Adoption <strong>of</strong> radio frequency identific<strong>at</strong>ion (RFID) tags is increasing among end-users owing to its<br />
advantage <strong>of</strong> tracking the pallets throughout the supply chain.<br />
By m<strong>at</strong>erial type, Future <strong>Market</strong> Insights has segmented the market into HDPE, Polypropylene (PP),<br />
and advanced composites. Among these, HDPE is the largest segment by m<strong>at</strong>erial type, accounting for<br />
nearly 75% revenue share. In terms <strong>of</strong> revenues, this segment was valued <strong>at</strong> US$ 506 Mn in 2016, and<br />
is anticip<strong>at</strong>ed to reach US$ 538 Mn in <strong>2017</strong>.<br />
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