Pallet displays are becoming increasingly common in modern retail settings. These displays allow brands to have a fair level of product differentiation in stores and supermarkets. Moreover, pallet display add to the overall aesthetics involved in product branding. Pallet manufacturer are coming up with innovative designs for their clients. These pallets are attractive, catchy and supports the retail store product displays. Pallet displays come in a wide range of designs and styles that meet different packaging application. At the same time, manufacturers are also focusing on improving material durability and providing cost-effective packaging options. As per the latest report published by Transparency Market Research (TMR), the global pallet display market will surpass a valuation of US$ 1,600 Mn by the end of 2026. Factors such as rising demand for more attractive retail store product display, convenient packaging, increasing usage of pallet displays in electronic, food and grocery product display in expected to support the growth of the market. In addition, increasing availability of application-specific pallet displays that execute complicated pallet display programs is likely reflect favourably 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.
Corrugated Board will Remain a Highly Preferred Material for Pallet Display Manufacturing
Demand for corrugated board based pallet displays is expected to remain relatively high in 2017 and beyond. Corrugated cardboard pallet displays provision displaying of large volumes of a particular product for quick sale. Such pallet displays allow brand to showcases their product at scale. Further, they are available in most sizes (quarter, half and full) along with customization. Corrugated board pallet displays can be used for showcasing a single as well as multiple type of products and thereby present in most retail stores. Global sales of corrugated board pallet displays currently account for a significant revenue share of the market. Towards the end of the assessment period, close to US$ 1,091.6 Mn worth corrugated pallet displays are expected to be sold worldwide.
North America to Spearhead the Global Pallet Displays Market Through 2026
In terms of revenue, North America is expected to dominate global pallet displays market throughout the forecast period. The market in the region is expected to expand at a CAGR of 4.3% between 2017 and 2026. However, growing number of pallet display users who strive to become more competitive on a global level is expected to create market opportunities other regions. Proliferation of hypermarkets and supermarket in region such as Asia Pacific excluding Japan (APEJ), the Middle East & Africa (MEA) and Latin America is ushering the growth of the market in these regions. Increasing brand penetration in these regions is expected augur well for prospects of both local vendors and multinational players. The pallet displays market is thus anticipated to witness a steady expansion and contribute to overall product branding matrix in retail settings.
TMR in its report has profiled some of the leading companies that operate in the global pallet displays market, which include Sonoco Products Company, DS Smith Plc, Smurfit Kappa Group PLC, Georgia-Pacific LLC, 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. A majority of these companies are focusing on enhancement of their product quality and development of innovative designs.
Global Pallet Displays Market: Overview
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.
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).
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.