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Global Plastic Pallets Market Report By Material (High-density Polyethylene, Low-density Polyethylene, Polypropylene, Others), By Type (Nestable, Rackable, Stackable, Others), By End-Use (Food & Beverages, Chemicals, Pharmaceuticals, Petroleum & Lubricants, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11213965
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Plastic Pallets Market Overview
The key driver impacting the plastic pallets market is the increasing usage of plastic pallets in ever-expanding industries such as food and beverage, manufacturing, chemical for the logistics of various products and equipment is boosting demand for plastic pallets in the forecast period. For instance, As per the Institute of Food Technologists, global sales of packaged foods and drinks reached $2.1 trillion in 2017 and are predictable to augment at a compound annual growth rate (CAGR) of 2.2% through 2022. The Middle East/Africa and the Asia Pacific food sectors are likely to grow at a high pace in the coming years.
Moreover, the growing government focus towards expanding their manufacturing sector through trade agreements is also estimated to be a significant determinant that adds growth to the market.
In addition to this, the rapidly growing automobile industry across the globe is also predictable to enhance market demand in the forecast period. The heavier plastic pallets are preferred owing to the everyday handling and shipping of heavier components from the suppliers’ facilities to automobile assembly facilities. For instance, According to the International Organization of Motor vehicle manufacturers (OICA), in 2019, sales of passenger cars increased by about 5% and reached 69.5 million units. Also, the commercial vehicles category showed a constant rise as sales reached 24 million units in 2019. As per the India Brand Equity Foundation, Globally, India is the fourth-largest auto market in 2019, displaced Germany with over 3.99 million units sold in the passenger and commercial vehicles segments. Domestic automobile production augmented at 2.36% CAGR during the time period FY16-20, with 26.36 million vehicles being manufactured in the country in FY20.
However, the volatility in raw material prices may hamper the global plastic pallets industry in the long run. Also, the strict regulation towards the use of plastic is also negatively impacting the market. The current industry trend, such as increasing advancements in the transport and logistics industry coupled with growing government attention towards reusing and recycling packaging products, is expected to provide lucrative market opportunities for the key market players in the coming years.
The Plastic pallets market is vast, with a large number of local and global players. The key leaders follow several strategies to improve their market position, such as increasing product portfolio, expansions, mergers, acquisitions, and product innovations to enlarge their market share at the global level. For example, In February 2019, The TBA Plastové Obaly S.R.O. had launched perforated Euro containers to increase its client base. These containers have several applications in various end-user industries, particularly for storing and transporting food products. The key players included in the report are Orbis Corporation, Rehrig Pacific Company, Monoflo International, TBA Plastové Obaly S.R.O, CABKA Group, Greystone Logistics, TMF Corporation, Allied Plastics, Inc., Polymer Solutions International, Inc., TranPak, Inc., and Perfect Pallets.
In this research report, the plastic pallets market is segmented by material, type, end-use, and region.
Analysis by Material:
By material, the report is categorized into high-density polyethylene, low-density polyethylene, polypropylene, and others. The High-density polypropylene (HDPE) dominates the material segment in 2019 with a maximum market share of 65%. It is due to the extensive adoption by the end-user industries owing to the numerous benefits it provides, such as HDPE pallets are easy to clean and offer robust impact resistance, along with strong corrosion and solvent resistance. Moreover, it requires low labor-intensive system calibration and removes extended equipment training and probable human errors, thus contributing to the material segment's growth in the forecast period.
Analysis by Type:
By type, the report is categorized into nestable, rackable, stackable, and others. The nestable pallets segment is accounted for the largest share of 40% in 2019. It is due to the growing demand as it can be nested into each other, due to which they occupy lesser space during return freight and prove to be cost-efficient as compared to other pallet types. Moreover, the increase in demand due to its ability to render immediate test results and faster turnaround time contributes to the growth of the nestable pallets segment in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into food & beverages, chemicals, pharmaceuticals, petroleum & lubricants, and others. The food & beverages segment is accounted for the largest share of 22.5% in 2019. It is due to the rising agricultural companies and farmers to handle fresh produce and rising demand from various food sectors such as bakery, dairy, beverage, meat, and other food processing companies to handle, store, and transport raw and processed end products. Moreover, the ever-expanding food and beverage sector globally contributes to the growth of the food & beverages segment in the forecast period.
Analysis by Region:
In the regional outlook of the global plastic pallets market, the Asia Pacific region dominates with a maximum market share of 30% in 2019. It is due to the rapidly expanding industrialization and robust manufacturing sector in China and India, coupled with the massive growth of e-commerce in the region. Moreover, the growing food industry and outsourcing of the manufacturing facility of several global firms to India and China contribute to the plastic pallets market's growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Material
By Type
By End-Use
By Region
The key driver impacting the plastic pallets market is the increasing usage of plastic pallets in ever-expanding industries such as food and beverage, manufacturing, chemical for the logistics of various products and equipment is boosting demand for plastic pallets in the forecast period. For instance, As per the Institute of Food Technologists, global sales of packaged foods and drinks reached $2.1 trillion in 2017 and are predictable to augment at a compound annual growth rate (CAGR) of 2.2% through 2022. The Middle East/Africa and the Asia Pacific food sectors are likely to grow at a high pace in the coming years.
Moreover, the growing government focus towards expanding their manufacturing sector through trade agreements is also estimated to be a significant determinant that adds growth to the market.
According to Value Market Research, the global plastic pallets market was valued at around USD 6,500 million in 2019 and is estimated to grow at a CAGR of about 5.25 % during the forecast period of 2020-2026.
In addition to this, the rapidly growing automobile industry across the globe is also predictable to enhance market demand in the forecast period. The heavier plastic pallets are preferred owing to the everyday handling and shipping of heavier components from the suppliers’ facilities to automobile assembly facilities. For instance, According to the International Organization of Motor vehicle manufacturers (OICA), in 2019, sales of passenger cars increased by about 5% and reached 69.5 million units. Also, the commercial vehicles category showed a constant rise as sales reached 24 million units in 2019. As per the India Brand Equity Foundation, Globally, India is the fourth-largest auto market in 2019, displaced Germany with over 3.99 million units sold in the passenger and commercial vehicles segments. Domestic automobile production augmented at 2.36% CAGR during the time period FY16-20, with 26.36 million vehicles being manufactured in the country in FY20.
However, the volatility in raw material prices may hamper the global plastic pallets industry in the long run. Also, the strict regulation towards the use of plastic is also negatively impacting the market. The current industry trend, such as increasing advancements in the transport and logistics industry coupled with growing government attention towards reusing and recycling packaging products, is expected to provide lucrative market opportunities for the key market players in the coming years.
The Plastic pallets market is vast, with a large number of local and global players. The key leaders follow several strategies to improve their market position, such as increasing product portfolio, expansions, mergers, acquisitions, and product innovations to enlarge their market share at the global level. For example, In February 2019, The TBA Plastové Obaly S.R.O. had launched perforated Euro containers to increase its client base. These containers have several applications in various end-user industries, particularly for storing and transporting food products. The key players included in the report are Orbis Corporation, Rehrig Pacific Company, Monoflo International, TBA Plastové Obaly S.R.O, CABKA Group, Greystone Logistics, TMF Corporation, Allied Plastics, Inc., Polymer Solutions International, Inc., TranPak, Inc., and Perfect Pallets.
In this research report, the plastic pallets market is segmented by material, type, end-use, and region.
Analysis by Material:
By material, the report is categorized into high-density polyethylene, low-density polyethylene, polypropylene, and others. The High-density polypropylene (HDPE) dominates the material segment in 2019 with a maximum market share of 65%. It is due to the extensive adoption by the end-user industries owing to the numerous benefits it provides, such as HDPE pallets are easy to clean and offer robust impact resistance, along with strong corrosion and solvent resistance. Moreover, it requires low labor-intensive system calibration and removes extended equipment training and probable human errors, thus contributing to the material segment's growth in the forecast period.
Analysis by Type:
By type, the report is categorized into nestable, rackable, stackable, and others. The nestable pallets segment is accounted for the largest share of 40% in 2019. It is due to the growing demand as it can be nested into each other, due to which they occupy lesser space during return freight and prove to be cost-efficient as compared to other pallet types. Moreover, the increase in demand due to its ability to render immediate test results and faster turnaround time contributes to the growth of the nestable pallets segment in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into food & beverages, chemicals, pharmaceuticals, petroleum & lubricants, and others. The food & beverages segment is accounted for the largest share of 22.5% in 2019. It is due to the rising agricultural companies and farmers to handle fresh produce and rising demand from various food sectors such as bakery, dairy, beverage, meat, and other food processing companies to handle, store, and transport raw and processed end products. Moreover, the ever-expanding food and beverage sector globally contributes to the growth of the food & beverages segment in the forecast period.
Analysis by Region:
In the regional outlook of the global plastic pallets market, the Asia Pacific region dominates with a maximum market share of 30% in 2019. It is due to the rapidly expanding industrialization and robust manufacturing sector in China and India, coupled with the massive growth of e-commerce in the region. Moreover, the growing food industry and outsourcing of the manufacturing facility of several global firms to India and China contribute to the plastic pallets market's growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Material
- High-density Polyethylene
- Low-density Polyethylene
- Polypropylene
- Others
By Type
- Nestable
- Rackable
- Stackable
- Others
By End-Use
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Petroleum & Lubricants
- Others
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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TABLE OF CONTENTS
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . PLASTIC PALLETS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Material
3.7.2 By Type
3.7.3 By End-Use
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL PLASTIC PALLETS MARKET ANALYSIS BY MATERIAL
6.1 Overview by Material
6.2 Historical and Forecast Data
6.3 Analysis by Material
6.4 High-density Polyethylene Market by Regions
6.6 Low-density Polyethylene Market by Regions
6.5 Polypropylene Market by Regions
6.7 Others Market by Regions
7 . GLOBAL PLASTIC PALLETS MARKET ANALYSIS BY TYPE
7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Nestable Market by Regions
7.5 Rackable Market by Regions
7.6 Stackable Market by Regions
7.7 Others Market by Regions
8 . GLOBAL PLASTIC PALLETS MARKET ANALYSIS BY END-USE
8.1 Overview by End-Use
8.2 Historical and Forecast Data
8.3 Analysis by End-Use
8.4 Food & Beverages Market by Regions
8.5 Chemicals Market by Regions
8.6 Pharmaceuticals Market by Regions
8.7 Petroleum & Lubricants Market by Regions
8.8 Others Market by Regions
9 . GLOBAL PLASTIC PALLETS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE PLASTIC PALLETS COMPANIES
10.1. Plastic Pallets Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF PLASTIC PALLETS INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Orbis Corporation
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Rehrig Pacific Company
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. Monoflo International
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. TBA Plastové Obaly S.R.O
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. CABKA Group
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. Greystone Logistics
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. TMF Corporation
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Allied Plastics, Inc.
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. Polymer Solutions International, Inc.
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. TranPak, Inc.
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Material (USD MN)
- High-density Polyethylene Market by Geography (USD MN)
- Low-density Polyethylene Market by Geography (USD MN)
- Polypropylene Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis Market by Type (USD MN)
- Nestable Market by Geography (USD MN)
- Rackable Market by Geography (USD MN)
- Stackable Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis by End-Use (USD MN)
- Food & Beverages Market by Geography (USD MN)
- Chemicals Market by Geography (USD MN)
- Pharmaceuticals Market by Geography (USD MN)
- Petroleum & Lubricants Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Plastic Pallets Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Plastic Pallets Report
- Market Research Process
- Market Research Methodology
- Global Plastic Pallets Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Material
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by End-Use
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Material (USD MN)
- High-density Polyethylene Market by Geography (USD MN)
- Low-density Polyethylene Market by Geography (USD MN)
- Polypropylene Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Type (USD MN)
- Nestable Market by Geography (USD MN)
- Rackable Market by Geography (USD MN)
- Stackable Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by End-Use (USD MN)
- Food & Beverages Market by Geography (USD MN)
- Chemicals Market by Geography (USD MN)
- Pharmaceuticals Market by Geography (USD MN)
- Petroleum & Lubricants Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments