Global Pallet Displays Market By Product Type (Full Pallet Display, Half Pallet Display, Quarter Pallet Display), Material Type (Plastic, Paper & Paperboard, Foam Board, Metal, Glass, Others), Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Printing & Stationery, Electronics, Automotive, Others), End-Use Industry (Supermarkets, Departmental Stores, Hypermarkets, Specialty Stores, Convenience Stores, Retail Stores, Institutional Sales, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Pallet Displays Market
Global pallet displays market is expected to register a steady CAGR of 4.46% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the focus of manufacturers and consumers for the utilization of high quality packaging products that can be sustained for a long period of time.
Market Definition: Global Pallet Displays Market
Pallet displays are a type of package on package product which involves displaying the end-use goods in an attractive stylish way so as to attract more customers. This method involves the usage of the branding of end-use product on various materials ranging from plastics, metals, glass, paper and paperboard among others. This branding is integrated with a pallet underneath to give it the much-needed support as a number of end-use products are put on display for the customers.
- Increasing focus of the manufacturers to improve the aesthetic design while also focusing on better material capabilities and product durability; this factor is expected to augment growth of the market
- Increasing usage of in-store marketing practices and product display methods are expected to have a positive effect on the growth of the market
- Growth in utilization from various applicable products such as electronics, automotive food products, groceries among others is also expected to drive the growth of the market
- Rising numbers of retail outlets, malls, supermarkets and a number of retail stores is also expected to drive the growth of the market
- Concerns regarding the short-lifespan of wood pallets and their disadvantages in displaying fragile goods is expected to restrict the growth of the market
- Non-biodegradable nature of plastic-based pallets is expected to restrain the growth of the market amid rising concerns regarding the environment
Segmentation: Global Pallet Displays Market
By Product Type
- Full Pallet Display
- Half Pallet Display
- Quarter Pallet Display
By Material Type
- Paper & Paperboard
- Corrugated Board
- Foam Board
- Food & Beverages
- Cosmetics & Personal Care
- Printing & Stationery
By End-Use Industry
- Departmental Stores
- Specialty Stores
- Convenience Stores
- Retail Stores
- Institutional Sales
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2019, CHEP announced that they had integrated Bluetooth sensors to their quarter pallets for the UK region which are utilized as promotional display by the various manufacturers and retailers of the region. This sensor provides the manufacturers of the consumer goods to provide promotional messages regarding the goods being displayed on the pallets which can then be redeemed by the customers during checkout. This strategy significantly improves the return-on-investment for the retailers and also helps in streamlining their marketing strategies
- In June 2018, THIMM THE HIGHPACK GROUP announced the launch of their innovative and highly efficient pallet display packaging solution which can integrate and display five different product types in a single packaging product. This pallet display has individual position of display trays which improves the overall efficiency of the product while also improving the presentation methods.
Global pallet displays market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pallet displays market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global pallet displays market are Sonoco Products Company; DS Smith; Proactive Packaging; procorrdisplay.com; Ardent Displays; Bennett Packaging; WestRock Company; siffron, Inc.; U.S. Display Group; Marketing Alliance Group - MAG; Pratt Industries, Inc.; Sterling Contract Packaging; C&B Display Packaging Inc.; STI - Gustav Stabernack GmbH; GPA Global; Gissler & Pass GmbH; SHENZHENJC POP DISPLAY CO.,LTD.; THIMM THE HIGHPACK GROUP; Professional Packaging Systems, inc.; CHEP and Kunshan Deco POP Display Co.,Ltd among others.
Research Methodology: Global Pallet Displays Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can 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, other 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.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of pallet displays
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis