Palettes Gestion Services, Craemer Holding GmbH, Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., ORBIS Corporation, and Rehrig Pacific Company, Inc. are among the top companies profiled in the global pallets market. The high demand for pallets for creating a cold environment owing to the convenience of surface and height optimization is driving the growth in the market. The growing regional food sector is expected to drive the demand in the global market for storage networking. Smart pallets comprising of RFID microchips place inside the plank are the latest advancements in the market, thereby propelling the growth ahead.
The integration of RFID tags is highly sought after in the market on the pretext of different functionalities such as product tracking, inventory management, and asset tracking. Its widespread application in different industrial sectors including warehousing., manufacturing, and construction has substantially increased its consumption across the globe. The growing quest to automate the supply chains is further creating growth prospects for the manufacturers of these smart commodities.
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Increasing Adoption of Smart Pallets
Increasing deployment of smart pallets in most regions is expected to propel the demand for pallets in the coming years. Smart pallets comprise of an RFID microchip placed inside the central plank of the pallet, to collect information in real time. Smart pallets offer a solution for product tracking, asset tracking, and inventory management.
In the coming years, the need of smarter pallets is anticipated to increase as the supply chain is likely to become automated. Moreover, utilization of pallets is gaining attraction among new users. Owing to growth of manufacturing, construction, warehousing, and construction sectors globally, pallet utilization will readily increase.
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Increasing Adoption of Smart Pallets
Increasing deployment of smart pallets in most regions is expected to propel the demand for pallets in the coming years. Smart pallets comprise of an RFID microchip placed inside the central plank of the pallet, to collect information in real time. Smart pallets offer a solution for product tracking, asset tracking, and inventory management.
In the coming years, the need of smarter pallets is anticipated to increase as the supply chain is likely to become automated. Moreover, utilization of pallets is gaining attraction among new users. Owing to growth of manufacturing, construction, warehousing, and construction sectors globally, pallet utilization will readily increase.
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Key Questions Answered in PMR’s Pallets Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factors propelling demand for pallets during the forecast period?
- How will current trends impact the pallets market?
- Who are significant market participants in the pallets market?
- What are the crucial strategies of key players in the pallets market to improve their market positions?
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