Corrugated Pallets Market 2019-2026: Industry Size & Share, Growing Demand, Current Growth, Future Estimation, Development Factors | Top Manufacturers: PGS Group, Conitex Sonoco, Kamps Pallets, Smurfit Kappa, Milwood, And Others

Allied Market Research published a new report, titled, The global corrugated pallets market size was valued at $1,062.0 Mn in 2018 and is anticipated to reach $1,481.9 Mn by 2026, with a CAGR of 4.4% during the forecast period. The corrugated pallets market exhibit incremental revenue opportunity of $419.9 million from 2018 to 2026.

“The competitors in the market are looking to enhance product capacity and are also trying to manufacture moisture resistant corrugated pallets. Such initiatives offering differentiated products have also increased the patent applications for innovative corrugated pallets. In 2013, the US Patent office had issued Patent No 8,459,190 to Erdie Industries for the construction of the Tri-Hex. This product uses a polygonal shape within a triangular shape, which provided added strength with lesser amount of material. The patent covers both the structure and the process of folding a single sheet of paperboard material into a Tri-Hex Paper Pallet runner.”

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The global corrugated pallets market is expected to witness rapid growth in terms of revenue over the next 10 year. The rapid growth in revenue of corrugated pallets is mainly attributed to its advancement in engineering and use in building more strong packaging alternative. Major end users such as food & beverages processing companies and chemical & pharma companies are actively investing in more advanced and sustainable packaging solutions. The growth in export-oriented market for these stakeholders and increased expenditure on product distribution have created a need for more cost-effective and light-weight packaging solutions.

The corrugated pallets market is segmented on the basis of product type, end user, and region. Based on product type, the corrugated pallets market is categorized into

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