Pallet displays are becoming increasingly common in modern retail settings. These displays allow brands to have a fair level of product differentiation in stores and supermarkets. Moreover, pallet display add to the overall aesthetics involved in product branding. Pallet manufacturer are coming up with innovative designs for their clients. These pallets are attractive, catchy and supports the retail store product displays. Pallet displays come in a wide range of designs and styles that meet different packaging application. At the same time, manufacturers are also focusing on improving material durability and providing cost-effective packaging options. As per the latest report published by Transparency Market Research (TMR), the global pallet display market will surpass a valuation of US$ 1,600 Mn by the end of 2026. Factors such as rising demand for more attractive retail store product display, convenient packaging, increasing usage of pallet displays in electronic, food and grocery product display in expected to support the growth of the market. In addition, increasing availability of application-specific pallet displays that execute complicated pallet display programs is likely reflect favourably on the market during the forecast period. The high emphasis that is placed of enhancing quality has led to introduction of high quality pallet displays that fulfil the actual objectives.
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Corrugated Board will Remain a Highly Preferred Material for Pallet Display Manufacturing
Demand for corrugated board based pallet displays is expected to remain relatively high in 2017 and beyond. Corrugated cardboard pallet displays provision displaying of large volumes of a particular product for quick sale. Such pallet displays allow brand to showcases their product at scale. Further, they are available in most sizes (quarter, half and full) along with customization. Corrugated board pallet displays can be used for showcasing a single as well as multiple type of products and thereby present in most retail stores. Global sales of corrugated board pallet displays currently account for a significant revenue share of the market. Towards the end of the assessment period, close to US$ 1,091.6 Mn worth corrugated pallet displays are expected to be sold worldwide.
North America to Spearhead the Global Pallet Displays Market Through 2026
In terms of revenue, North America is expected to dominate global pallet displays market throughout the forecast period. The market in the region is expected to expand at a CAGR of 4.3% between 2017 and 2026. However, growing number of pallet display users who strive to become more competitive on a global level is expected to create market opportunities other regions. Proliferation of hypermarkets and supermarket in region such as Asia Pacific excluding Japan (APEJ), the Middle East & Africa (MEA) and Latin America is ushering the growth of the market in these regions. Increasing brand penetration in these regions is expected augur well for prospects of both local vendors and multinational players. The pallet displays market is thus anticipated to witness a steady expansion and contribute to overall product branding matrix in retail settings.
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Competitive Analysis
TMR in its report has profiled some of the leading companies that operate in the global pallet displays market, which include Sonoco Products Company, DS Smith Plc, Smurfit Kappa Group PLC, Georgia-Pacific LLC, WestRock Company, FFR Merchandising Company, U.S. Corrugated, Inc., Marketing Alliance Group, Creative Displays Now, Pratt Industries Inc., Mirada Medical Limited, Sciencesoft USA Corporation, Siemens Healthineers, Toshiba Medical Systems Corporation and Xinapse Systems Ltd. A majority of these companies are focusing on enhancement of their product quality and development of innovative designs.
Pallet Displays Market to Gain Impetus from Increasing Demand from Retail Industry
Pallet displays have become an extremely integral part of modern retail settings as they help to ease product differentiation in retail outlets such as stores and supermarkets. They also add aesthetics to the overall product branding, thereby aiding in expansion of the market. Manufacturers of the pallet displays market are thinking of imaginative plans for their customers. These pallets are alluring, appealing and underpins the retail location item displays. Pallet displays arrive in a wide scope of plans and styles that meet distinctive bundling application. Simultaneously, producers are likewise zeroing in on improving material strength and giving practical bundling choices.
Factors such as rising interest for more alluring retail location item display, helpful in bundling utilization of pallet displays in electronic, food and staple item display in expected to help the development of the market. Moreover, expanding accessibility of utilization explicit pallet displays that execute muddled pallet display programs is likely consider well the market during the conjecture time frame. The high accentuation that is set of improving quality has prompted presentation of top notch pallet displays that satisfy the real goals.
The global market for pallet displays is classified on the basis of product type, end user, application, material type, and region. Among the material types, he corrugated board segment is holding the highest shares on account of their availability in various sizes. Folded cardboard pallet displays arrangement displaying of huge volumes of a specific item for snappy deal. Such pallet displays permit brand to grandstands their item at scale. Folded board pallet displays can be utilized for exhibiting a solitary just as numerous kind of items and accordingly present in most retail locations. Worldwide deals of ridged board pallet displays as of now represent a huge income portion of the market.
