North America Pallet Market Report and Forecast 2022-2027
According to Our Market Report’s latest report, ‘North America Pallet Market Report and Forecast 2022-2027’, the North America pallet market attained a volume of about 1,563.9 billion units in 2021. Aided by flourishing transportation system, the market is projected to further grow at a CAGR of 1.8% between 2022 and 2027 to reach a volume of 1,737.7 billion units by 2027.
Pallet is defined as a hard wooden structure which is capable of handling, and storing, heavy goods from one place to another. These goods are lifted or moved using a forklift truck. The typical dimensions of American pallets are 1200 X 1000 nm and are strong and durable. Moreover, the entry openings of pallets can vary according to the design. The market is being driven by the portability, rigidity, and strength of pallets, which improves the assembly, safety, and transportation of heavy goods. Products such as double face pallets and stringer pallets provide extra support to the goods and can facilitate heavy duty tasks, which is invigorating the market growth.
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