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/PRNewswire/ The Global Pallets has been added to SpendEdge s offering. The Pallets market is expected to grow by USD 20 Billion, at a CAGR of over 6.00% by.
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NEW YORK, May 7, 2021 /PRNewswire/ The plastic pallets market is expected to grow by USD 120.45 million, progressing at a CAGR of over 8% during the forecast period.
Technavio has announced its latest market research report titled Plastic Pallets Market by Material and Geography - Global Forecast & Analysis 2021-2025
The benefits associated with the use of plastic pallets is one of the major factors propelling the market growth. However, regulatory norms and standards on the use of plastic pallets may hamper the market growth.
Plastic Pallets Market: Material Landscape
Based on the material, the market witnessed maximum growth in the HDPE pallets segment. The segment is driven by the high demand from medium and large-scale industries with significant material handling requirements. The market growth in the segment will be significant during the forecast period.
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