India Pallets Market
The demand for pallets in India is expected to increase at a Y-o-Y growth rate of 9.3% in 2016 over 2015. The India pallets market is estimated to register a CAGR of 13.9% during the forecast period (2016-2024). These are the major findings of a report titled “Pallets Market: India Industry Analysis and Forecast, 2016–2024” by Persistence Market Research. Factors and trends affecting the growth of the market during the eight-year forecast period of 2016-2024 have been analyzed in this report.
Demand for pallets in India is expected to increase at a significant rate due to the growth of the manufacturing sector in India. Growing demand for safe transportation of products is also likely to propel the growth of the market. Moreover, a rise in the development of the warehousing and logistical structure in India is anticipated to boost pallet usage shortly. However, the decline in international trade may restrict growth. Additionally, the penetration of pallets in labor-intensive industries is a major challenge for pallet suppliers. One of the major trends is the usage of pallets in large chain retail stores. Most of the key players adopt pallets for the transportation of their products.
Scott Timber Profits Hold Steady After Recent Acquisitions
SCOTT Timber, a division of Scott Group Investments, has maintained profits of around £4 million in the wake of recent acquisitions, as reported in the press. The sawmill and pallet manufacturer acquired HLC (Wood Products for £1.3m. Turnover for the year was £87.7m, down slightly from the £88.7m recorded in 2014. Scott purchased Northern Case in August 2016. The company commented that the weakening domestic currency was negatively impacting imported timber costs.
Goplasticpallets.com strengthens range with new SF 1208 M3R Euro pallet
Goplasticpallets.com are excited to add another new plastic pallet to their range of 155 different choices, the SF 1208 M3R. Designed and manufactured by supply chain packaging specialists Smartflow, the SF 1208 M3R is an innovative 1200 x 800 Euro-size, medium duty pallet with an open deck that sits on three runners, so is perfect for use in racking.
The new addition features “mono-block” molding process which guarantees a robust, durable and uniform pallet is produced.
The strong rounded edged pallet is ideal for use with hand pallet trucks, providing a smooth transition when loading and unloading. It’s solid, smooth runners also ensure there are no traps where dirt and dust can collect. Available in recycled and virgin high density Polyethylene (HDPE), the SF 1208 M3R is an excellent choice for use in the pharmaceutical and food industries.
Weighing 11kg, the high quality HDPE material keeps the pallet light and easy to handle. With a maximum static stacking load of 4,000kg the SF 1208 M3R will bear exceptional weight. It can also be retro-fitted with additional steel reinforcements, increasing racking capacity from 500kg to 900kg, to help support future business changes.
Furthermore, this smart Euro pallet can be customised with the addition of 22mm lips, which are of particularly beneficial use within the automotive industry for the safe distribution of parts, or use with KLTs and Euro crates.
Measuring 1200mm (L) x 800mm (W) and 150mm in height, the SF 1208 M3R sits low to the ground, mimicking the height of common wooden pallets, making it an ideal solution for businesses who want to transition from using wooden to plastic pallets. Similarly, the low height is highly compatible with automated systems. It can be stacked up to 16 pallets high in 33 stacks to fill a standard trailer (528 pallets).
As the sole UK partner of Smartflow plastic pallets the SF 1208 M3R is exclusively available from Goplasticpallets.com.