India Pallet Market Outlook
A pallet is a structural interface that is used for keeping and handling unit loads. It is an essential component of warehousing services. The pallet is used to store, stack, transport, and protect goods while handled by pallet jacks, conveyors, and forklifts.
The India pallet market size is expected to exhibit moderate growth during 2022-2027. Looking forward, IMARC Group expects the India pallet market to continue its robust growth during the forecast period (2022-2027).
It is also used during bulk storage or while storing goods in racks and transportation vehicles.
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India Pallet Market Trends:
The rapid expansion in the logistics, fast-moving consumer goods (FMCG), and consumer durables sectors represent the primary factors driving the market growth. Furthermore, the increasing penetration of the Internet of things (IoT), coupled with the emerging trend of automated handling systems, is enhancing the demand for high-quality pallets. Moreover, with the growing manufacturing industry in the country, the demand for pallets is increasing across India. This can be attributed to initiatives by the Government of India (GOI) such as ‘Make in India.’
In addition, rapid industrialization and urbanization are aiding the market growth. Apart from this, the flourishing e-commerce industry, along with the expanding organized retail sector, has generated the requirement for reliable and safer transportation, storage, and material handling activities, thereby supporting the market growth. Furthermore, the escalating number of hypermarkets and supermarkets, coupled with the growing construction activities, is expected to fuel the demand for pallets.
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In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
The report has segmented the India pallet market based on type, application, structural design and region.
Breakup by Type:
- Corrugated Paper
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
Breakup by Structural Design:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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