INDIA PALLETS MARKET ANALYSIS

Market Challenges And Opportunities

India Pallets Market- Restraints

International trade having strict regulations regarding the production of plastic

A decline in international trade from India ,these include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand. is projected to hamper the market growth of the pallets.

India Pallets Market- Opportunities

• Increasing utilization of pallets in the pharmaceutical industry

The Increasing utilization of pallets in the pharmaceutical industry for storing and transportation of pharmaceutical products is projected to offer new market opportunities. Growing geriatric population coupled with the increasing prevalence of chronic disease is creating demand for healthcare products such as drugs and devices. The growth of India pallets market is also attributed to the expansion of the pharmaceutical industry. In November 2021, UFP Industries, Inc. (Pallet One) acquired Ficus Pax Private Limited which is a leading manufacturer of wooden pallets,nail-less plywood boxes mixed-material, cases and crates and other packaging products.