The Global Lumber Pallet Market is estimated to grow at 6.1% owing to increasing use of lumber pallet in the packaging and logistics industry in various regions.
The lumber pallet market has shown an exceptional penetration in countries such as Germany, China, and the U.S. Increasing usage of lumber pallets in packaging industries and technological advancements are creating growth opportunities for the global lumber pallet market.
According to Data Bridge Market Research, the market for lumber pallet in Europe holds highest market share followed by Asia-Pacific and North America. Market leader is CHEP (A subsidiary of Brambles), which accounts for an estimated market share of approximately 13% to 16% of the market. The company has gained outstanding sale through its industrial product i.e. pallets. In October 2018, CHEP has signed a long-term agreement with National Beef, America’s premium beef company, a beef producer with used CHEP pallets at its Kansas processing location in Dodge City and Liberal. This development has helped the company expand its supply chain.
Now the question is which other region CHEP (a subsidiary of Brambles), Greif, UFP Industries, Inc are targeting?. Data Bridge Market Research has forecast a large growth in the Europe lumber pallet market and the market leaders targeting Germany and U.K. to be their next revenue pockets for 2020.
The lumber pallet market is becoming more competitive every year with companies, such as CHEP (A subsidiary of Brambles), Greif, and UFP Industries, Inc., as they are the market leaders. The data bridge market research new reports highlight the major growth factors and opportunities in the lumber pallet market.
For more analysis on the lumber pallet market request for a briefing with our analysts https://www.databridgemarketresearch.com/reports/global-lumber-pallet-market
Global lumber pallet market is segmented on the basis of countries into Germany, U.K., France, Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, Rest of Asia-Pacific, U.S., Canada, Mexico, United Arab Emirates, Saudi Arabia, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
To know more about the study https://www.databridgemarketresearch.com/reports/global-lumber-pallet-market
Key Market Competitors Covered in the Report
Above are the key players covered in the report, Contact us to know about more and exhaustive list of lumber pallet companies https://www.databridgemarketresearch.com/toc/?dbmr=global-lumber-pallet-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecast using market statistical and coherent models. Additionally, market share analysis and key trend analysis are major success factors in the market report. To know more, please request an analyst call or drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation, which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials
Global Lumber Pallet Market – Industry Trends and Forecast to 2028
Middle East and Africa Lumber Pallet Market – Industry Trends and Forecast to 2028
North America Lumber Pallet Market – Industry Trends and Forecast to 2028
Asia-Pacific Lumber Pallet Market – Industry Trends and Forecast to 2028
Europe Lumber Pallet Market – Industry Trends and Forecast to 2028