According to the Manufacturers Alliance for Productivity and Innovation Foundation, manufacturing production will grow at 3.6% in 2016 and 2017. The increase in manufacturing and the resulting need to transport materials, including exports, will drive the demand for pallets. The analysts forecast global pallet market to grow at a Compound Annual Growth Rate of 4.90% during the period 2016-2020.
The Americas is expected to dominate the global pallet market in 2020 by accounting for a market share of almost 45%. Growth in the manufacturing sector, a rebound in the housing and construction sectors, and an increase in industrial output and exports are some of the factors that will contribute to the growth of the pallet market in the Americas during the forecast period.
Since the need for pallets is increasing due to the increase in manufacturing, plastic pallets are a great way to transport materials. They are 100% recyclable and have a greater lifespan than wood pallets. We offer a variety of pallets including new and used ones.
Find the pallets that work best for you at https://www.warehousesuppliesonline.com/products/pallets-2/ and https://www.warehousesuppliesonline.com/products/pallets/used-pallets/ .
