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The Latin America pallet market is currently witnessing moderate growth. A pallet is a horizontal portable platform attached with a superstructure and a bottom deck. It is used as tertiary packaging to facilitate the transportation and shipping of goods and materials using various material handling equipment, such as cranes, lift trucks, front loaders, and conveyors. Several standardized pallets with different sizes and configurations are available in the market. A pallet is a lightweight, cost-efficient structure used to lift and place heavy-weight goods on trucks, ships, and planes by forklift.
The Latin America pallet market is primarily driven by the growing retail and automotive sectors. On account of this, manufacturers require pallets for the safe transportation of products from one location to other. They also store several pallets in tall stacks with minimal floor space in the warehouse. Additionally, the growing construction and infrastructural activities have increased the need for pallets to offer improved efficiency of transport equipment and faster turnaround of delivery vehicles. Pallets also allow shippers to stack multiple heavy items on a single pallet to avoid damaging the products. 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 Latin America 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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