The global pallet pooling (rental) market is estimated to be valued at nearly US$ 720 Mn by 2017 end and is projected to be valued at nearly US$ 1,400 Mn by 2027 end. Exhibiting a CAGR of 6.6% over the forecast period, the global pallet pooling (rental) market is driven by stringent government regulations related to hygiene issues in pharmaceuticals, demand for high durable pallets, and a simple rental system. The market is estimated to create an incremental dollar opportunity of nearly US$ 700 Mn between 2017 and 2027.
Reduction in product damage due to regular pallet repairs and quality checks aids the development of the global pallet pooling (rental) market
The main point of attraction of companies that purchase plastic pallets is the reduction in the costs associated with the repair, maintenance and storage of pallets. Rental companies, therefore, eliminate these costs by providing regular quality checks on a monthly, quarterly or an annual basis to avoid any damage to pallets. Due to the renting of pallets, the costs are curtailed by eliminating pallet procurement and disposal programmes to manage inventory.
As plastic pallets are more durable than wooden pallets, their market is showing a promising growth
Pallet Pooling (Rental) Market: Nestable Pallets Product Type Segment Anticipated to Dominate the Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027Buy Now
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