Market Research Report
Pallet Pooling Market, By Material Type, by Product Type, and By End-use by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
|Published by||Coherent Market Insights||Product code||924584|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Pallet Pooling Market, By Material Type, by Product Type, and By End-use by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027|
|Published: January 22, 2020||Content info: 120 Pages||
A pallet pooling company manages pallets for manufacturing organizations. An organization rents them from a shared pool instead of buying its own supply of pallets. The primary job of pallet pooling company is to ensure the supply of pallets in good repair and read-to-use at the company's disposal whenever it needs them. Moreover, pallet pooling company will organize the pallets that are to be taken to other companies or back to production facilities. Moreover, pallet pooling companies reduce complexity of pallet procurement, recovery, and management with decreasing waste and total cost of business (TCB).
Reduction of in pallet damage, owing to timely pallet repairs and quality inspections are expected to drive growth of the global pallet pooling (rental) market during the forecast period. As the primary concern of many companies while procurement of plastic pallets is the cost of repair, storage, and maintenance of pallets. It becomes extremely challenging for companies to maintain the balance between the cost of products and plastic pallets. Rental companies eliminate these costs by providing timely quality inspections on an annual, quarterly, or monthly bases, in order to avoid damage of pallets. Moreover, logistics of pallets reduce staff costs by removing pallet procurement and disposal programs to manage inventory. Hence, decrease in pallet damage is expected to support the global pallet pooling (rental) market during the forecast period.
This report segments the global pallet pooling (rental) market on the basis of material type, HDPE, Polypropylene and Advanced Composite. On the basis of product type, the global pallet pooling (rental) market is segmented into, Nestable, Stackable and Rackable. By end-use the market is segmented into FMCG, Food & Beverage, Pharmaceuticals, Electronics, Chemical & Petrochemical, and Others