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The GCC pallet market size reached 167.7 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 238.6 Million Units by 2027, exhibiting a growth rate (CAGR) of 5.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Pallets are horizontal platforms utilized to support goods and carry them from one place to another using a front loader or forklift. They facilitate stacking goods and are generally secured with a pallet collar, stretch wrap, adhesives, or other means of stabilization. Pallets are manufactured using different materials like wood, plastic and metals, depending on the application. They are also extensively used by manufacturers to ship commercial goods as they are portable, easy to handle and relatively stronger than other containers.
The GCC pallet market is primarily driven by the rising trade volume in the region. Besides this, with the expanding e-commerce industry, there has been substantial growth in the logistics sector, which is providing a positive outlook for the pallet market. Additionally, the growing need for safe and efficient transportation alternatives and the rapid urbanization and industrialization have increased the demand for pallets across the region. Furthermore, the manufacturers are incorporating technological innovations in the production of pallets.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC pallet market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, application and structural design.
Breakup by Type:
Breakup by Application:
Breakup by Structural Design:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, Structural Design, Country|
|Countries Covered||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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