About Plastic Pallets
Global Plastic Pallet is expected to grow in the forecasted period impelled to rising demand for safe and hygienic pallet and increased use of palletized storage and transportation. A Plastic pallet is a flat structure used as a base made up of non-porous materials, does not absorb moisture and is used for the automated or manual handling of goods in the supply chain. These are lighter in weight and max out at about 1500 pound. The use of Plastic pallets ensures better handling, stretch wrapping and strapping of goods. These pallets can be sanitized and can be used for the safe movement and storage of various products for a longer period of time. The increased use of palletised storage and transportation are the key consideration which will propel the demand for pallets in transit packaging. Plastic Pallets are extensively used in pharmaceutical, food and beverage, grocery and e-commerce industries.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The plastic pallets market is fragmented due to the presence of several plastic pallets manufacturers, pallet recycling specialists, pallet management companies and pallet pooling firms. The level of competition among the companies in the plastic pallet market is intense and manufacturers focus on developing new technologies and offering customized products to the customers. The companies are seeking ways to reduce cost, improve product quality and production efficiency. During the coming years, a number of companies will also follow Merger and Acquisition and many more strategies to sustain in this competitive market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Plastic Pallets market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Brambles Ltd (Australia), LOSCAM (China), ORBIS (United States), Schoeller Allibert (Netherland), Buckhorn (United States), CABKA(Germany), Craemer Group (Germany), Falkenhahn (Germany) and Greystone Logistics (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kamps Pallets, Inc. (United States), Litco International (United States) and Saudi Pallet (Saudi Arabia).
Segmentation Overview
AMA Research has segmented the market of Global Plastic Pallets market by Type (Drum Pallets, Used Plastic Pallets, Nestable Plastic Pallets, Stackable Plastic Pallets, Rackable Plastic Pallets and Others), Application (Food And Beverages, Chemical, Cement, Medicine and Other) and Region.
On the basis of geography, the market of Plastic Pallets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Material, the sub-segment i.e. High-density Polyethylene (HDPE) will boost the Plastic Pallets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. Injection Molded Plastic Pallets will boost the Plastic Pallets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Plastic Pallets Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Handling Goods, Strapping and Stretch Wrapping of Goods
- Rise in Logistics and Warehouse Industry
- Growing Demand for Safe Storage and Hygienic Pallets
|
Influencing Trends | - Implementation of Advanced IT-enabled Technology
- Rising use of Plastic Pallet in Transport Material Due to Their High Durability
- Reduction of Carbon Footprint
|
Restraints | - Stringent Government Rules and Regulation Regarding Manufacturing, Storage and Transport of Goods
|
Road Blocks / Challenges | - Repairs are More Difficult
- High Initial Cost
|
Gaps & Opportunities | - Food Industry is Expected to Trickle Down in Plastic Pallet Market
|
Market Leaders and their expansionary development strategies
In January 2019, Saudi Pallet Manufacturing Company, a multi-use plastic pallet manufacturer has signed a Memorandum of understanding with SABIC. Under the MoU, SPMC will partner with SABIC in order to manufacture Paxxal Pallet for export and develop supply chain initiatives for the local market.
Key Target Audience
Plastic Pallets Manufacturer, Plastic Pallets Supplier, Raw Material Supplier, Association and Government Bodies, Research Company and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.