Pallet Market to Witness Rise in Revenues During the Period 2017 – 2025
Verfasser: yogesh on Saturday, 6 April 2019Demand for pallets is gaining healthy traction owing to increasing urbanization in emerging countries such as China, Brazil and India, implicating the establishment of better and safer goods transportation system in large-scale industries such as food & beverages, pharmaceuticals and agriculture in these nations. According to Persistence Market Research’s new report, the global pallets market, which is currently valued at over US$ 47,337 Mn is expected to register a CAGR of 5.4% between 2017 and 2025 to reach a valuation of US$ 76,067.2 Mn. During this eight years of the forecast, the market will be primarily driven by increasing global standards of goods transportation operations that is necessitating the adoption of pallets to a significant extent.
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