Foldable And Collapsible Pallets Market Prophesied to Grow at a Faster Pace by 2027

Foldable & collapsible pallets are invented to improve the ergonomics, especially for manufacturing companies to reduce operational cost and to gain the competitive advantage over the peer manufacturers. Foldable & collapsible pallets are extremely useful for achieving maximum space saving when they are put to use in a closed loop of operation. Suppliers can put approx. eight folded pallets against three erected pallets while returning from the delivery point. Foldable & collapsible pallets are commonly made of plastic which improves the number of cycles for which it can be used, thus making it an attractive option for manufacturers. The ability of foldable & collapsible pallets for handling a huge amount of load has increased the scope of its application in food, beverage, pharmaceutical, automotive, automobile, and metal working industries.

Foldable & Collapsible Pallets Market: Market Dynamics

The increasing global trade has created the need for handling the goods more efficiently in bulk quantity. The industrial bulk packaging market is expected to be around US$ 58 Bn and is expected to grow at a CAGR of 4.6%, during the forecast period. The ability of foldable & collapsible pallets in efficient utilization of the space during the transportation of the goods is the key driver for foldable & collapsible pallets market. Some other factors such as reusability and recyclability are also supporting the growth of foldable & collapsible pallets market.

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The manufacturer is preferring foldable & collapsible pallets over non-foldable rigid containers as its use reduces the carbon footprint of the manufacturers without hampering their material handling capability. However, the introduction of flexitanks has reduced the use of bulk containers while ultimately hampering the demand in foldable & collapsible pallets market. On the backdrop of the rapidly increasing global trade, the demand for foldable & collapsible pallets is poised to increase over the forecast period.

Foldable & Collapsible Pallets Market - Key Players:

Some major players of the foldable & collapsible pallets market are UltraTech International, Inc., Safety Storage Systems, Eagle Manufacturing Company, Justrite Mfg. Co., L.L.C., Nilkamal Limited. Robinson Industries, Inc., T.M. Fitzgerald & Associates, GEI Works, Jonesco (Preston) Ltd, CEP Sorbents, Inc. Shanghai Sourcing International Trade Co., Ltd. And Qingdao Huading Imp. And Exp. Co., Ltd.

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