India Pallet Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Pallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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).

Key Market Segmentation:

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:

Wood
Plastic
Metal
Corrugated Paper

Breakup by Application:

Food and Beverages
Chemicals and Pharmaceuticals
Machinery and Metal
Construction
Others

Breakup by Structural Design:

Block
Stringer
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the India pallet market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India pallet market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the structural design?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India pallet market and who are the key players?
What is the degree of competition in the industry?