Corrugated Pallets - 100% Recyclable and Easily Disposable
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Corrugated Pallets are one such way of packaging, which are considered 100% recyclable and easily disposable. The global corrugated pallets market is gaining traction due to the increased emphasis of suppliers on sustainability. The modern consumer is aware of the impact of packaging materials on the environment, thanks to the internet and other sources, leading to an increased number of consumers desiring solutions with minimal impact on the planet. As a result, suppliers look for ways to reduce impact on the environment throughout the supply chain.
Wood Pallet used to be the standard solution used by logistics companies. However, with the recent increase in concerns of environmental impact of materials, corrugated pallets have been introduced as a successor to wood pallets, and are quickly gathering steam, owing to their environment friendly characteristics. The key factors that are expected to act as drivers for the global corrugated pallets market are – easy disposability, properties such as water resistance, high durability, reduced carbon dioxide emissions, strength, ease of handling, better cost efficiency than wood, ability to survive the entire supply chain, and shipment compliance with ISPM 15. Their fully recyclable nature is known to negate the problems of landfills, which are a global environmental concern. All these properties increase the preference for corrugated pallets among suppliers.
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Attributed to the huge volume of export & logistics sector, North America leads the global corrugated pallets market. Being the most developed of all with a well-informed consumer population, North America is anticipated to enjoy leading position in the global market, followed by Western Europe and APEJ. Economic powerhouses like China and India represent markets that have shown the growing need for economical products that also promise quality. India, for example, is looking to double the size of its logistics sector in the next five years, and therefore, growth of corrugated pallets market looks promising in the region.
Some of the key players in the global corrugated pallets market are – KraftPal Technologies Ltd., DS Smith Plc, The Smurfit Kappa Group, and Cone Pal Vertriebsgesellschaft.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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