Press release
Plastic Pallet Market is projected to reach USD 11.76 billion Growth Strategies and Forecast to 2029 | Agrico Plastiques Ltee, Allied Plastics Inc., Brambles Ltd.
Plastic Pallets
Plastic pallets are crucial in the supply chain and logistics industries, providing stability for goods during transportation. 90% of these pallets are made from recycled plastic, with high-density polyethylene being the most popular.
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**Note: Version 2023 has been updated.
What does this report offer?
Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.
Drivers
Rising Demand to Lower the Overall Weight of Bulk Packaging
Plastic pallets are becoming increasingly popular due to their lower weight compared to wooden or metal pallets, which can reduce deadweight and increase efficiency in material handling and transportation. This is due to the potential to reduce transportation costs and improve overall profit margins for end-user companies.
Restraint
High Product Cost and Sustainability Issues
The demand for plastic pallets in end-use industries is increasing, but their high cost and sustainability issues limit their widespread adoption. Wood pallets are 33% less expensive than plastic pallets, made from less expensive softwood lumber. Wood pallets also require less complex manufacturing, reducing the overall cost. End-use companies prefer wood pallets for non-returnable applications, such as open-loop or export applications.
Opportunities
Expanding End-Use Industries
Plastic pallets are increasingly replacing wooden pallets in the food and pharmaceutical industries due to their superior sanitary and safety features. The global processed food industry is experiencing significant growth due to a busy lifestyle, middle-class population, and e-commerce penetration. In the pharmaceutical industry, selecting a pallet material is crucial for ensuring contamination-free handling of raw materials. In 2008, Johnson & Johnson faced customer complaints about the moldy odor of Tylenol and Lipitor due to a chemical used to preserve wooden pallets.
Who are the key industry players?
Agrico Plastiques Ltee, Allied Plastics Inc., Brambles Ltd., CABKA Group GmbH, CTC Plastics, DIC Corp, Enlightening Pallet Industry Co. Ltd., Greif Inc., Greystone Logistics Inc., Kamps Pallets Inc., Litco International Inc.
Recent Developments:
January 2022 - Greystone Logistics, Inc. commenced shipping pallets for a USD 13.5 million purchase order to provide 100% recycled 48x40 plastic shipping pallets to a nationwide retailer at one of their US warehouse distribution centers.
March 2022 - Cabka Group GmbH (together with its subsidiaries, "Cabka"), a leading integrated circular production company, and Dutch Star Companies TWO B.V. ("DSCT"), a particular purpose acquisition company listed on Euronext Amsterdam, have reached an agreement on forming a business combination to list as Cabka N.V.
What precisely is market segmentation?
Plastic Pallet Market by Type, 2023-2029, (USD Billion) Kilotons
Nestable
Rackable
Stackable
Others
Plastic Pallet Market by Raw Materials, 2023-2029, (USD Billion) Kilotons
High-Density Polyethylene
Low-Density Polyethylene
Polypropylene
Others
Plastic Pallet Market by End User Industry, 2023-2029, (USD Billion) Kilotons
Food and Beverages
Chemicals
Pharmaceutical
Petroleum and Lubricants
Others
Plastic Pallet Keyword Analysis by Regions - Global Version
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)
- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)
- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)
- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)
This report contains detailed quantitative assessments of the Plastic Pallet market as well as recommendations for building strategies to assist market success and growth.
Table of Content:
1 Study Reporting
1.1 Plastic Pallet Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Plastic Pallet Market Size Growth Rate by Type
1.5 Market by Application
2 Executive Instantaneous
2.1 Global Plastic Pallet Market Size
2.1.1 Global Plastic Pallet Revenue
2.1.2 Global Plastic Pallet Production
2.2 Plastic Pallet Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Plastic Pallet Manufacturers
2.3.2.1 Plastic Pallet Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered
2.3.2.3 Date of Manufacturers Enter into Plastic Pallet Market
2.4 Key Trends for Plastic Pallet Markets & Products
3 Market Size by Manufacturers
3.1 Plastic Pallet Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans
4 Plastic Pallet Production by Regions
4.1 Global Plastic Pallet Production by Regions
4.1.1 Global Plastic Pallet Production Market Share by Regions
4.1.2 Global Plastic Pallet Revenue Market Share by Regions
4.2 United States
4.2.1 United States Plastic Pallet Production
4.2.2 United States Plastic Pallet Revenue
4.2.3 Key Players in United States
4.2.4 United States Plastic Pallet Import & Export
4.3 Europe
4.3.1 Europe Plastic Pallet Production
4.3.2 Europe Plastic Pallet Revenue
5 Plastic Pallet Consumption by Regions
5.1 Global Plastic Pallet Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country
6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Plastic Pallet Breakdown Dada by Application
7.2.1 Global Plastic Pallet Consumption by Application
7.2.2 Global Plastic Pallet Consumption Market Share by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Plastic Pallet Production and Revenue Forecast
9.1.1 Global Plastic Pallet Production Forecast
9.1.2 Global Plastic Pallet Revenue Forecast
9.2 Plastic Pallet Production and Revenue Forecast by Regions
9.2.1 Global Plastic Pallet Revenue Forecast by Regions
9.2.2 Global Plastic Pallet Production Forecast by Regions
9.3 Plastic Pallet Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Plastic Pallet Production Forecast by Type
9.4.2 Global Plastic Pallet Revenue Forecast by Type
10 Consumption Forecast
10.1 Plastic Pallet Consumption Forecast by Application
10.2 Plastic Pallet Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Plastic Pallet Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Plastic Pallet Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Plastic Pallet Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Plastic Pallet Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Plastic Pallet Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Plastic Pallet Sales Channels
11.2.2 Plastic Pallet Distributors
11.3 Plastic Pallet Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Key Findings in the Global Plastic Pallet Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
Continue….
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The study of the effects of the Russia-Ukraine War and COVID-19 on Plastic Pallet industry will be added to the final report.
The market for Plastic Pallet has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Plastic Pallet Market, a range of approaches and analysis are utilized in the study.
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