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The Europe pallet market is currently witnessing moderate growth. Pallets are horizontal portable platforms that are attached to various superstructures and a bottom deck. They are manufactured with materials like wood, fiberboard and plastic. Pallets facilitate transportation and shipping of goods, utilizing material handling equipment like cranes, front loaders, conveyors and lift trucks. They are considered tertiary packaging that offers efficient storage and handling by acting as a stable base for materials and products. Nowadays, pallets are available in various sizes and configurations, which can be broadly categorized into stringer and block pallets.
The Europe pallet market is primarily driven by the increasing global standards of good transportation operations. Apart from this, there has been a huge demand for plastic pallets from chemical, dairy, wine and spirit, steel, and electrical industries. This can be accredited to their lightweight, durable, and pocket-friendly nature. Furthermore, the significant development in the logistics and transportation sectors has also increased the demand for pallets. They are extensively used for improved and safe transportation of goods and materials, which also offers optimum protection and delivery of the product. On account of these factors, the market is expected to continue its moderate growth in the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe pallet market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, application and structural design.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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