According to IMARC Group’s latest report, titled “Plastic Pallets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global plastic pallets market exhibited moderate growth during 2015-2020. Plastic pallets are horizontal platforms used for stacking goods and facilitating their transportation from one place to another. They are generally made of virgin or recycled high-density polyethylene (HDPE) and polypropylene (PP). Compared to their wooden counterparts, plastic pallets have a lifespan of more than ten years. Over the years, they have gained traction due to their durability, reusability, recyclability, resistance to chemicals and easy maintenance.
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The global plastic pallets market is primarily driven by their increasing usage in warehouses to store raw materials and finished products. Additionally, the expanding food and beverages (F&B), chemical, textile and pharmaceutical industries have escalated the demand for hygienic, sustainable and contamination-free pallets. Furthermore, their rising adoption in the processing and manufacturing units, distribution centers and conveyor systems has impacted the market. Other factors, including the emerging e-commerce sector, growing need for logistics services and introduction of active tracking devices integrated with the latest technologies to allow easy tracking of pallets, are anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the global plastic pallets market to grow at a CAGR of around 5% during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Allied Plastics Inc.
- CABKA Group
- Greystone Logistics
- Monoflo International
- Orbis Corporation (Menasha Corporation)
- Paxxal Inc.
- Perfect Pallets Inc.
- Polymer Solutions International Inc.
- Rehrig Pacific Company
- TMF Corporation
- Tranpak Inc.
Breakup by Material:
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene (PP)
Breakup by Pallet Type:
Breakup by End Use Industry:
- Food and Beverages
- Petroleum and Lubricants
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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