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The latest report by IMARC, titled “ Plastic Pallets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-20 26
” the global market exhibited moderate growth during 2015-2020. 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 chemicalsandeasymaintenance.
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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. Looking forward, IMARC Group expects the global plastic pallets market to grow at a CAGR of around 5% during the forecast period (2021-2026).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).
Market Summary:
Breakup by Material:
•HighDensityPolyethylene(HDPE)
•LowDensityPolyethylene(LDPE)
•Polypropylene(PP)
•Others
Breakup by Pallet Type:
•Nestable
•Rackable
•Stackable
•Others
Breakup by End Use Industry:
•FoodandBeverages
•Chemicals
•Pharmaceutical
•PetroleumandLubricants
•Others
Breakup by Region:
•NorthAmerica
•UnitedStates
•Canada
•Asia-Pacific
•China
•Japan
•India
•SouthKorea
•Australia
•Indonesia
•Others
•Europe
•Germany
•France
•UnitedKingdom
•Italy
•Spain
•Russia
•Others
•LatinAmerica
•Brazil
•Mexico
•Others
•MiddleEastandAfrica
Note: We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players: CABKAGroup
GreystoneLogistics
MonofloInternational OrbisCorporation(MenashaCorporation)
PaxxalInc.
PerfectPalletsInc.
PolymerSolutionsInternationalInc.
RehrigPacificCompany
TMFCorporation
• TranpakInc.
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