(MENAFN - Coherent Market Insights) A pallet is an open, usually rectangular-shaped structure utilized as a base for several units of goods in the distribution chain. This type of packaging material has changed drastically over the years, becoming an integral part of many supply chains ranging from retail to pharmaceutical to aerospace. Its significant role in modern-day supply chain operations has made pallets an essential part of a wide range of applications including paperboard packaging and the assembly of carbon fiber products. The need for pallets in these applications has significantly increased due to the increased frequency of product productions and the increased weight of many of these products.