Freedonia In The News
Article Title: Freedonia Group sees turnaround in demand as manufacturing increases.
Publication: Modern Materials Handling, 6/2/2011
Freedonia Study: Pallets (2766)
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U.S. demand for pallets is forecast to rise 6.1 percent per year to 1.3 billion units in 2015, valued at $15 billion. The increase will be driven by a rebound in manufacturing output.
That’s the conclusion of “Pallets,” a new study from The Freedonia Group, (http://www.freedoniagroup.com) a Cleveland-based industry market research firm.
This pace will represent a dramatic turnaround from the 2005-2010 period, when demand fell to fewer than one billion pallets in response to a decline in manufacturing output between 2007 and 2009 and a partial rebound in 2010. Through 2015, demand gains will be driven by an expected advance in manufacturing from the low 2010 base.
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