Pallet Market to reach US$ 971. Mn by 2024

Posted by Vikas Bahurupi on August 10th, 2018

The pallet industry in India is soaring at a brisk pace. A pallet is designed to endure heavy load, serving as a rigid base for goods during their transportation and are usually handled by pallet jacks and forklifts.  India’s rising economy coupled with higher production volumes of goods is potentially generating business opportunities for pallet manufacturers in the country. In order to manage large scale imports and shipments of consumer goods, industries avail smart logistic services. Hence, the demand for pallets from shipping and logistic industry has significantly increased in the country.  Due to the lumpy transport infrastructure in Indian sub-continent, usage of pallet during goods delivery and storage becomes more important.

Report For Report Sample with Table of Contents@ https://www.researchreportinsights.com/report/sample/110114704/India-Pallet-Market 

Boom in manufacturing sector of the country is fuelling the demand for pallets in the Indian market. Relentless support from the government and a blossoming business environment in the country is unveiling further market opportunities for the manufacturing sector. In addition, implementation of government policies such as “Make in India” is expected to ensure sustainability of the economic growth in the long run.

These economic reforms are expected to bring some good news to the industrial sectors of the country, especially the manufacturing sector. Thus, the thrust to the manufacturing sector has also led to progression of the allied sectors such as hardware, logistics and transport. Off late, the country has witnessed establishment of large warehouses spreading in acres of land, these warehouses need several operational tools, pallets being a primary one. As production volumes in the country rise higher, it will have a direct impact on the demand for pallets. Moreover, stakeholders and manufacturers are strongly emphasizing on safer modules of transportation of materials and consumer goods, which is translating into the growth of the pallets market in India. The aforementioned factors are likely to drive the pallets market in India in the following years to come.

Request For Report Discount@ https://www.researchreportinsights.com/report/discount/110114704/India-Pallet-Market 

Emergence of Logistics and Warehouse Business in India Responsible for the Bulk of Demand for Pallets   

Noticeably, several new startups are going into logistics, transportation and delivery service. Though the competition in the market is moderate, companies look forward to improve service offerings. Companies are focusing on developing advanced warehouse facilities with features such as auto temperature control and robotics.  For instance, Gati Ltd a supply chain solution provider recently developed its first temperature controlled warehouse infrastructure in New Delhi.  The warehouse facility is designed to meet the industry standards and will cater to various industry sectors such as pharmaceutical and food and beverage including dairy. 

The latest warehouse infrastructures have extended capabilities and robust network ensuring enhanced supply chain solutions. This, in turn, is essentially helping businesses to expand significant levels and likewise supporting the growth of logistics industry in India.

Warehouses provide storage services to a wide range of industries, operational tools such as pallet are important in managing goods and create sections and division between them.

Like it? Share it!


Vikas Bahurupi

About the Author

Vikas Bahurupi
Joined: March 7th, 2018
Articles Posted: 561

More by this author