IMARC Group, a leading market research company, has recently releases report titled “Plastic Pallets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global plastic pallets market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is the Market Prediction for Plastic Pallets?
The global plastic pallets market is expected to exhibit a growth rate (CAGR) of 5.1% during 2023-2028.
What are Plastic Pallets?
Plastic pallets are horizontal platforms used for stacking goods and facilitating their transportation from one place to another. They are generally made of virgin or recycled high-density polyethylene (HDPE) and polypropylene (PP). Compared to their wooden counterparts, plastic pallets have a lifespan of more than ten years. Over the years, they have gained traction due to their durability, reusability, recyclability, resistance to chemicals and easy maintenance.
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What are the Growth Prospects and Trends in the Plastic Pallets Market?
The global plastic pallets market is primarily driven by their increasing usage in warehouses to store raw materials and finished products. Additionally, the expanding food and beverages (F&B), chemical, textile and pharmaceutical industries have escalated the demand for hygienic, sustainable and contamination-free pallets. Furthermore, their rising adoption in the processing and manufacturing units, distribution centers and conveyor systems has impacted the market. Other factors, including the emerging e-commerce sector, growing need for logistics services and introduction of active tracking devices integrated with the latest technologies to allow easy tracking of pallets, are anticipated to propel the market growth in the coming years.
Who are the Key Players Operating in the Plastic Pallets Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Allied Plastics Inc.
- CABKA Group
- Greystone Logistics
- Monoflo International
- Orbis Corporation (Menasha Corporation)
- Paxxal Inc.
- Perfect Pallets Inc.
- Polymer Solutions International Inc.
- Rehrig Pacific Company
- TMF Corporation
- Tranpak Inc.
What is Included in Market Segmentation?
The report has categorized the market based on material, pallet type, end use industry and region.
Breakup by Material:
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene (PP)
- Others
Breakup by Pallet Type:
- Nestable
- Rackable
- Stackable
- Others
Breakup by End Use Industry:
- Food and Beverages
- Chemicals
- Pharmaceutical
- Petroleum and Lubricants
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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