Plastic Pallets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Material (High-density Polyethylene, Low-density Polyethylene, Others), By Type (Nestable, Rackable, Stackable, Others), By End Use (Food and Beverages, Chemicals, Pharmaceuticals, Others), By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPlastic Pallets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Material (High-density Polyethylene, Low-density Polyethylene, Others), By Type (Nestable, Rackable, Stackable, Others), By End Use (Food and Beverages, Chemicals, Pharmaceuticals, Others), By Region, and Competition
In 2021, the total value of the pharmaceutical sector in the United States was around USD 2.8 trillion.
Rising Demand from Pharmaceuticals Sector
In the pharmaceutical sector, product hygiene for material handling and packaging is crucial. Due to their difficulty in cleaning and ability to house germs and fungus, wooden pallets have a danger of contamination. However, plastic pallets are a great option for material handling in the pharmaceutical business because of their excellent chemical resistance and lack of contamination. Due to rising rates of chronic illnesses, and greater health consciousness, the global pharmaceutical business has been expanding at a rapid rate. This is likely to increase demand for plastic pallets. In addition, increasing generic drug production is predicted to boost plastic pallets demand in the projected period.
For instance, in 2022, Shongai Packaging Industry Limited installed another production plant for its plastic pallet to meet its local and export demands.
Growing Demand across the End User Industry Sectors
Due to their durability and simple production procedures, wooden pallets have been utilized for the past years but at the other end, they have a lot of drawbacks, including a propensity to absorb moisture, issues with hygiene, and a propensity to splinter and shatter easily. To stop the spread of insects and illnesses, the wooden pallets must go by International Standards for Phytosanitary Measures No. 15 (ISPM 15). Due to its advantages over wooden pallets, such as being lighter and more environmentally friendly, logistics and shipping industries are now relying more on plastic pallets which will support the growth of the Global Plastic Pallets market in the forecast years.
For instance, in order to provide lightweight products in a variety of industries, including the pharmaceutical and food and beverage industries, CHEP has utilized innovative technology to produce plastic pallets.
High-Density Polyethylene (HDPE) will be the Key Material
HDPE pallets are popular among end-user firms because they are simple to maintain, offer great impact resistance, as well as solid solvent and corrosion resistance. Furthermore, when handled roughly by trucks and other material-handling equipment, HDPE pallets experience almost no damage. Additionally, HDPE pallets have strong chemical and weather resistance, which makes them appropriate for use in food and pharmaceutical industries.
For instance, according to Solar Builder Magazine, in 2022, BayWa r.e. has partnered with PVpallet to distribute its reusable solar module shipping solution.
Therefore, growing demand for HDPE plastic pallets will lead to the growth of
Recent Developments
- In March 2022, Cabka Group GmbH, and
Dutch Star Companies TWO B.V. ("DSCT"), signed an agreement on
forming a business combination to list as Cabka N.V.
- Greystone Logistics, Inc. received a USD 13.5 million purchase
order to provide 100% recycled 48x40 plastic shipping pallets to all
country retailer from their US warehouse distribution centers in January
2022.
- In January 2022, Tritz
Pallet was purchased by Kamps Inc., a pallet recycler and supplier to
provide pallet recycling and full-service pallet solutions.
- In October 2019, United States Department of Agriculture’s Agricultural Research Service (ARS) and Western Regional Research Center creating Plastic Pallets With Almond Shells.
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Market Segmentation
Global Plastic Pallets Market
Company Profiles
ORBIS Corporation, STOK Emballage K/S, Rehrig Pacific Company, Monoflo International, Greystone Logistics Inc, Cabka Group GmbH, TMF Corporation, Polymer Solutions International, Inc., TranPak Inc., Allied Plastics Inc. are some of the key players of Global Plastic Pallets Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
covered |
Material Type End
Use |
|
Regional scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Australia, Brazil, Argentina, South Africa, Saudi
Arabia, UAE |
|
Key companies
profiled |
ORBIS
Corporation, STOK Emballage K/S, Rehrig Pacific Company, Monoflo
International, Greystone Logistics Inc, Cabka Group GmbH, TMF Corporation,
Polymer Solutions International, Inc., TranPak Inc., Allied Plastics Inc. |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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