New report "Pallets forecasts for 2012 & 2017" available through Bharatbook.com

July 5, 2008 - PRLog -- US demand to increase 2% annually through 2012. US demand for pallets is forecast to grow about two percent annually through 2012 to 670 million pallets. Pallets made from wood -- primarily lumber -- will continue to account for a  dominant share of the US market, while plastic pallets will experience the fastest gains in demand.

Plastic pallet demand to exceed 50 million in 2012

Demand for plastic pallets is projected to rise nearly five percent per year to more than 50 million pallets in 2012. Pallet  users are opting for plastic pallets due totheir durability. Plastic  pallets are easy to clean, and meet US and international phytosanitary requirements for shipping, making them ideal for product shippers with neither the time nor resources to  continually sterilize pallets. Plastic pallets can last a long time without requiring  time-consuming repairs, and can be easily recycled once they have reached the end  of their product lifespan. Additionally,  plastic pallets can possess sufficient strength despite a weight much less than that made from other materials, an important consideration to value-conscious long-distance shippers.  Wood pallets are forecast to account for almost 90 percent of the market in 2012. However, demand for wood pallets is projected to rise at a rate just below that of the market average, however. Demand  gains will be restrained by the growth of  pallet refurbishing services, which repair distressed pallets by removing damaged deckboards, blocks and stringers and replacing them with new components.  These services prolong the lifespans of existing pallets, reducing demand for new units. Environmental concerns about the waste generated by pallets will also drive  continued use of pallet refurbishing, as users seek to reduce the environmental impact of pallet consumption by trying reuse and refit pallets, rather than disposing of them at the earliest opportunity.

Warehousing, storage uses demand fastest growing

In terms of end use, manufacturers will continue to account for the largest share of demand for new pallets, totaling 77 percent of the market in 2012. However, providers of warehousing  and other storage services will post the most rapid gains in pallet demand, rising about six  percent per year through 2012. These companies, which manage pallets and coordinate the shipping and handling of materials from original manufacturer to end user, will need new pallets to expand  their operations and more effectively serve existing customers. These firms serve as third-party storage and shipping agents for manufactured goods, rely on  the prompt and efficient delivery of pallets to maximize their profits, and will  need large stocks of them to meet demand for their services.

Study coverage

Pallets, a new industry study, is priced at $4500. It presents historical demand data (1997 2002, 2007) plus forecasts for 2012 and 2017 by material, product and market. In addition, the study also assesses market environment factors, evaluates company market share and pro- files 39 competitors in the US industry.

For more information kindly visit:
http://www.bharatbook.com/detail.asp?id=78119

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