Market Overview

Global Spill Pallets Market 2018-2022| Growth Analysis and Forecast| Technavio


market research analysts forecast the global spill pallets market to
grow at a CAGR of over 5% during the forecast period.

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Technavio has published a new market research report on the global spill pallets market from 2018-20 ...

Technavio has published a new market research report on the global spill pallets market from 2018-2022. (Graphic: Business Wire)

One of the major trends being witnessed in the global
spill pallets market 2018-2022
is the proliferation of SKUs. The
rising demand for various chemicals from different end-user industries
increases the need for new stock keeping units. Different end-user
industries need spill pallets in different shapes and sizes and with
various features for their warehouses.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global spill pallets market is the growth of the
global chemical industry which increases the demand for chemical
warehousing and storage:

Global spill pallets market: Growth of the
global chemical industry increasing demand for chemical warehousing and

In 2016, the global chemical industry generated sales worth USD 3.71
trillion. Chemicals are stored in drums. The growing need for the
storage and transportation of large volumes of chemicals in warehouses
because of the increasing chemical sales will promote the growth of the
global spill pallets market.

According to a senior analyst at Technavio for research on logistics,
"Spill pallets are used to handle and transport products such as oils,
fertilizers, inks, alkalis, and acids that are manufactured using
chemicals. Thus, the increasing demand for chemical warehousing and
storage will increase the need for spill pallets. In 2016, countries
such as the US, China, South Korea, Japan, India, and Saudi Arabia
accounted for more than 45% of the global chemical warehouse and storage

Global spill pallets market: Segmentation

The global spill pallets market research report provides market
segmentation by product (PSP and SSP) and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the two major products, the PSP segment held the largest market share
in 2017, contributing to over 69% of the market. This product segment
will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting
for more than 48% share. It was followed by APAC and EMEA respectively.
The APAC region is anticipated to project the fastest growth during the
forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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