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The India pallet market is currently witnessing moderate growth. A pallet is a wooden structure used for storing goods and transporting freight. It uses pallet collars, stretch wraps, adhesives, and other means of stabilization for securing goods. Over the years, the design of pallets has evolved to enable the double stacking of fragile materials. In India, with the rising penetration of the Internet of things (IoT) and the emerging trend of automated handling systems, there has been a significant demand for high-quality pallets, which offer operational efficiencies throughout supply chains.
The India pallet market is primarily driven by rapid urbanization and industrialization. The growing pharmaceutical and chemical industries have created the need for safer and reliable transportation, storage, and material handling activities, thus propelling the growth of the market. Additionally, the increasing number of supermarkets and hypermarkets and rising construction and housing activities across the country have escalated the demand for pallets. Furthermore, manufacturers are developing reusable and recyclable pallets that provide a lower cost per trip and environmental impact. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the India 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.
Breakup by Type:
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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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