With business confidence improving and the Australian economy turning a corner in recent months, it is always good for company leaders to consider industry trends to stay one step ahead of the pack.
One of these trends surrounds the use of pallets. According to September 2014 insight from Reportbuyer.com, global pallet sales are set to grow 5 per cent every year through to 2017. After a quiet period between 2007 and 2012, the use of pallets in manufacturing settings around the world is expected to soar.
This fact has recently been backed up by Persistence Market Research which released its Pallets Market – Global Market Size, Share and Forecast to 2020 report. Based on its findings, the Asia-Pacific region will see a high demand for pallets as a result of "increasing domestic demand from the manufacturing companies."
Pallets are popular among a number of sectors in Australia and around the world, but the manufacturing industry is by far the largest end user. The main reason is that these businesses need safe and easy transportation options in order to move raw materials, such as produce, through to the production line.
This is where plastic pallets from Eco Pallets can be of use. As well as being easy to clean and resistant to damage, they last for many years and are a great investment for manufacturing businesses.
Demand for plastic pallets
In fact, while wooden pallets still dominate the overall market, plastic pallets are the fastest growing section of this industry, according to Reportbuyer.com.
"Their recyclability and ability to be produced from recycled materials will be attractive to users seeking to raise the perceived environmental friendliness of their products," the report read.
For more information about the different types of pallets offered by Eco Pallets, feel free to get in contact with our team today.