Pallet market in Europe 2016-2020

In a new report analysts at Technavio predict the pallet market in Europe to grow at a CAGR of around 6% between 2016 and 2020. The growth of this market can be accredited to the cost-effectiveness brought about by pallet pooling. The pallet pooling companies offer real-time tracking and techniques as closed loops, which provides suppliers/manufacturers with an optimized supply chain. The pallet pooling system also enables companies to focus on their core operation and make maximum use of pallets while keeping the wastage at a minimum.
The plastic segment will account for the fastest growth, growing at a CAGR of 10% over the next years (Press Release Technavio, 7 September 2016).
Click here for the press release.
Click here for more information about the report.

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