Press release
Global Plastic Pallets Market To Be Driven By Increased Demand From End Use Industries In The Forecast Period Of 2021-2026
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/plastic-pallets-market/requestsample
The key highlights of the report include:
Market Overview (2015-2026)
Historical Market Size (2020): USD 36 billion
Forecast CAGR (2021-2026): 15%
Forecast Market Size (2026): USD 8.63 billion
The global plastic pallets market has been growing as a result of significant advancements in the transportation and logistics industries. The use of plastic pallets to place goods or shipping containers to ensure better handling, strapping, and stretch-wrapping of goods is a major reason for the market's growth.
Industry Definition and Major Segments
A pallet is a base or structure that enables items to be handled mechanically by a front loader, forklift, or jack, among other things. They are made of wood or plastic. Pallets made of plastic are thus referred to as plastic pallets. These are widely used in warehouses and for storing products from a variety of industries. Plastic pallets are manufactured using a variety of techniques such as extrusion, thermoforming, blow moulding, and injection moulding.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/plastic-pallets-market
Based on type, the market is segregated into:
Nestable
Rackable
Stackable
Others
The market is divided in terms of material into:
High-density Polypropylene (HDPE)
Polypropylene (PP)
Low-density Polypropylene (LDPE)
Others
The market is segmented in terms of end use into:
Food and Beverages
Construction
Pharmaceuticals
Petroleum and Lubricants
Others
The regional market for Plastic Pallets is:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
Asia Pacific dominated the market in 2020, accounting for a significant share of global sales, and will grow at the fastest CAGR during the forecast period. The region's rapid industrialization, as well as the rapid growth of e-commerce, are the two main factors driving market growth. North America was another important market for plastic pallets.
Because of their durability and light weight, plastic pallets are increasingly being used in a variety of industries, including food, automotive, and chemical, for the logistics of various goods and equipment. Plastic pallets are becoming more popular as a result of the incorporation of technologies such as radio-frequency identification (RFID) in plastic pallets, which allows users to track the location of their goods, which helps users to detect and locate items across the supply chain.
Furthermore, rising R&D activities in the logistics sector, as well as technological advancements, are expected to create future opportunities over the forecast period. Furthermore, the expansion of the e-commerce sector and the expansion of the medical industry are expected to drive market growth during the forecast period.
Plastic pallets are more expensive than wooden pallets; therefore, their theft or misplacement raises the overall cost of material handling or product transportation. Furthermore, the ban on plastic products in some economies is expected to stifle growth over the forecast period.
Key Market Players
The major players in the market are Orbis Corporation, Monoflo International Inc., CABKA Group, Greystone Logistics, Inc, Nefab Group and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players. The US market is expected to expand significantly as a result of the government's increased emphasis on expanding their manufacturing sector through trade deals and the "Make in America" initiative.
Read More Reports:
Contact Lenses Market: https://www.expertmarketresearch.com/reports/contact-lenses-market
Rolling Stock Market: https://www.expertmarketresearch.com/reports/rolling-stock-market
Location Intelligence Market: https://www.expertmarketresearch.com/reports/location-intelligence-market
3D Food Printing Market: https://www.expertmarketresearch.com/reports/3d-food-printing-market
5g Testing Equipment Market: https://www.expertmarketresearch.com/reports/5g-testing-equipment-market
Ammunition Market: https://www.expertmarketresearch.com/reports/ammunition-market
Plastic Market: https://www.expertmarketresearch.com/reports/plastic-market
Rituximab Biosimilars Market: https://www.expertmarketresearch.com/reports/rituximab-biosimilars-market
Pompe Disease Treatment Market: https://www.expertmarketresearch.com/reports/pompe-disease-treatment-market
Gonorrhea Treatment Market: https://www.expertmarketresearch.com/reports/gonorrhea-treatment-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.
EMR customises syndicated reports according to client's requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Plastic Pallets Market To Be Driven By Increased Demand From End Use Industries In The Forecast Period Of 2021-2026 here
News-ID: 2843810 • Views: …
More Releases from Expert Market Research
Unveiling the Dynamics of the Isopropanolamine Market: A Deep Dive into its Grow …
The isopropanolamine market, pivotal in the formulation of a plethora of industrial and consumer products, is on a trajectory of notable growth. Projected to expand at a Compound Annual Growth Rate (CAGR) of 4.40% from 2024 to 2032, this market's ascent is a reflection of the indispensable role isopropanolamines play across diverse sectors such as oil and gas, personal care, and construction. This blog embarks on a comprehensive exploration of…
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Foreca …
According to the report by Market Research Future (EMR), the global underwater drones market is projected to witness substantial growth at a CAGR of 12% during the forecast period from 2024 to 2032. This growth is primarily attributed to the increasing demand for underwater exploration and surveillance activities across various sectors such as defense, oil & gas, marine research, and environmental monitoring.
Underwater drones, also known as unmanned underwater vehicles (UUVs)…
Urinary Incontinence Drugs Market Size, Share, Trends, Outlook, Growth, Analysis …
The urinary incontinence drugs market size was valued at USD 12028.45 million in 2023, driven by rising geriatric population across the globe. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2024-2032 to achieve a value of USD 22199 million by 2032.
Urinary Incontinence: Introduction
Urinary incontinence is the involuntary loss of bladder control, leading to accidental urine leakage. It can range from occasional…
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Foreca …
According to the report by Market Research Future (EMR), the global underwater drones market is projected to witness substantial growth at a CAGR of 12% during the forecast period from 2024 to 2032. This growth is primarily attributed to the increasing demand for underwater exploration and surveillance activities across various sectors such as defense, oil & gas, marine research, and environmental monitoring.
Underwater drones, also known as unmanned underwater vehicles (UUVs)…
More Releases for Plastic
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting.
The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine.
The horizontal thread and vertical thread of nettings that produced by…
Global Plastic Pails (Plastic Bucket) Market 2018 Key Players: Jokey Group, BERR …
Qyresearchreports include new market research report "Global Plastic Pails (Plastic Bucket) Sales Market Report 2018" to its huge collection of research reports.
In this report, the global Plastic Pails (Plastic Bucket) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Several regional and global trends account for the attractive…
Plastic Closure Market – Analysis of Plastic Closure Test Growth, Plastic Clos …
The latest market intelligence study on Plastic Closure market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities and competitive landscape of Plastic Closure market for the forecast period, 2017 - 2022.
Get Access to Sample Pages@ https://www.marketexpertz.com/sample-enquiry-form/142
Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business…
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
There is a growing need for recycling the plastic and plastic waste. Various major companies are now concentrating on developing new waste-conversion technologies. Some of the major corporates in the global recycled plastic and plastic waste to oil market are Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., JBI Inc., RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. These…
