Pallet Displays Market – Key Players Sonoco Products Company, DS Smith Plc, Georgia-Pacific LLC

Pallet displays are being used on a large scale in retail stores, supermarkets, and hypermarkets as they help in displaying the product along with its primary features and effectively marketing the brand name. There has been a growth in the retail merchandising solutions owing to the launch of new products and increasing investment by brands towards promotion and marketing of the products. Based on the product differentiation strategies, customized pallet displays are also gaining popularity. Manufacturers are focusing on developing pallet displays that offer better brand visibility, offer better space for the specific product and results in the effective space utilization. Offering unique design for pallet displays as per the brand requirement is also being focused on in order to attract customers.

Pallet displays in various shapes and sizes are also being developed as per the requirement. Moreover, pallet displays with multiple sides are also becoming popular as it offers convenience to the customers. Pallet displays are also being developed including interesting product information, benefits and offer available with the products.

Global Pallet Displays Market: Scope of Study

The report on the global pallet displays market provides key trends and the market opportunity that may fuel the demand for pallet displays during the forecast period 2017-2026. Meanwhile, the report also focuses on the future penetration of new types of pallet displays.

The report offers SWOT analysis, market attractiveness analysis and Porter’s five force analysis.  The report is based on an in-depth analysis of both the qualitative and quantitative data. The report also talks about various market segments and key regions that will impact the growth of the pallet display market in the near future.

The report on the global market for pallet displays also offers key insights on the market dynamics such as trends, opportunities, drivers, and restraints. After taking into account various factors that will have an impact on the global pallet displays market, the report also provides an estimation on market size, revenue, year-on-year growth, CAGR for each segment and regions in the market for the forecast period 2017 to 2026. In addition to this, the report also offers market opportunity analysis for various segments and the most profitable segment.

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Global Pallet Displays Market: Market Segmentation

The global pallet displays market is segmented on the basis of product type, end use, application, material type, and region. On the basis of product type, the market is segmented into full pallet display, half pallet display, and quarter pallet display. On the basis of end use, the market segmentation consists of hyper market, supermarket, departmental store, specialty store, convenience store, and other retail formats.

Based on the application, the global pallet displays market segmentation includes food & beverages, cosmetics & personal care, pharmaceuticals, printing & stationery, electronics, automotive, and others. By material type, the market segment consists of corrugated board, foam board, plastic sheet, glass, and metal.

Region-wise, the global pallet displays market segmentation includes Europe, Latin America, North America, Japan, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA).

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Global Pallet Displays Market: Competition Landscape

Some of the Leading companies in the global pallet displays market are Sonoco Products Company, DS Smith Plc, Georgia-Pacific LLC, Smurfit Kappa Group PLC, 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. These key players are working on strategies to establish themselves in the global market by entering into a partnership or by launching a technically advanced product.

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Pallet Displays Market – Corrugated Board will Remain a Highly Preferred Material

It is said that what seen, sells more than otherwise. From that perspective, pallet displays are of great importance for retail outlets and on the back of mushrooming of shopping malls across urban parts of the world, the market for the same is expanding. According to a recent business and commerce study by Transparency Market Research (TMR), the demand in the global pallet displays market will increment at a CAGR of 4.3% during the forecast period of 2017 to 2026. The analysts of the report have estimated that the global pallet displays market will be worth US$1,600 mn by the end of 2026.

The report identifies FFR Merchandising Company, Xinapse Systems Ltd., Georgia-Pacific LLC, DS Smith Plc, Marketing Alliance Group, Creative Displays Now, Sciencesoft USA Corporation, Pratt Industries Inc., Toshiba Medical Systems Corporation, Smurfit Kappa Group PLC, Sonoco Products Company, WestRock Company, U.S. Corrugated, Inc., Siemens Healthineers, and Mirada Medical Limited as some of the most prominent companies currently ahead of the curve in the global pallet displays market. For these companies to maintain their stronghold, the analysts of the report has foreseen the strategies of product innovation and geographical expansion as the primary mode. While there is no fixed pattern for pallet displays with the focus essentially on customization according to the available real estate, vendors are providing for diverse products. In addition to that, the pallet displays market is now findings strong new opportunities in the emerging economies of India, China, and Brazil, and whichever among them makes a mark early, will stand a chance to increase market shares.

Based on product type, the report segments the global pallet displays market into quarter pallet display, half pallet display, and full pallet display, whereas end-use bifurcation of the market has been done into supermarket, hyper market, departmental store, convenience store, specialty store, convenience store, and other retail formats. Application-wise, the market has been categorized into cosmetics and personal care, food and beverages, printing and stationary, pharmaceuticals, automotive, electronics, and others. Material type classification of the market has been done into foam board, corrugated board, plastic sheet, metal, and glass. Geographically, the analysts of the report have highlighted North America and Asia Pacific as the two key regions. While the former currently provides for the maximum demand, the latter is projected to exhibit incrementing demand at a much stronger rate.

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Mushrooming of Shopping Malls Driving Demand

Pallet displays help in positioning of products in such a way that they are convenient for the shoppers to grab in addition to providing for a strong method of advertising. Not only the premium shops in mushrooming shopping malls, even smaller retailers and grocery store operators are opting for pallet displays to grab the attention of consumers and increase sales. A number of times, even product manufacturing companies provide for display pallets to the show operators for their designated products and consequently, the demand in the global pallet displays market is expanding. This expansion is expected to be experienced more in the emerging economies, wherein disposable income of urban population is radically increasing. Some of the other drivers of the global pallet displays market are rising demand for more attractive retail store product display and convenient packaging and increasing usage of pallet displays in electronics sector. In addition to that, food and grocery product display in expected to further provide traction to the market.  In addition, increasing demand for end-use-specific pallet displays that are capable of executing complicated pallet display programs are likely reflect positively 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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