Saudi Arabia Pallets Market By Material Type, By End-User, By Regions and Forecast 2027

Posted by arshiyashaikh on September 8th, 2022

The Saudi Arabia Pallets Market grew at a moderate pace during the period 2017-2020 as a result of improvement in the Saudi economy supported by the growth in both, oil and non-oil sector. However, the ongoing pandemic COVID-19 slowed down the growth of the market during the year 2020 as a result of the decline in demand during the lockdown period across the country. Despite the slowdown in the market during the lockdown period, the pallets market began to recover in the latter part of the year on the back of reopening of commercial activities and thus, rising industrial and commercial demand for pallets.

The market revenues are anticipated to witness substantial growth in the coming years, on account of strong growth in the construction, manufacturing, retail and industrial sectors in line with the Saudi Vision 2030, which would augment the demand for pallets, as the pallet helps to cut down the clutter while storing the intermediate goods or the finished products in a warehouse. Moreover, the continued positive performance of the non-oil sector such as manufacturing and food & beverage industry, along with the continued government efforts to boost domestic production and rising food exports from the country, would further enhance the pallets market revenues in Saudi Arabia during the forecast period.

Market Forecast By Material Type (Wood Pallets, Plastic Pallets, Metal Pallets, Corrugated Pallets), By End-User (Food & Beverages, Pharmaceuticals & Chemical, Oil & Gas, Construction, Retail, Transportation & Warehousing, Electronics & Consumer Appliances, Others), By Regions (Central, Eastern, Western, Southern) And Competitive Landscape

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