Global Corrugated Pallets Market 2017-2021

The infographic below contains key findings from our analysis of the corrugated pallets market   

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Overview of the global corrugated pallets market

Technavio’s market study identifies the demand for environment-friendly corrugated pallets to be one of the primary growth factors for the corrugated pallets market. As paper is easily recyclable as compared to wooden materials, consumers prefer cardboard and paperboard corrugated pallets over wooden pallets. Wooden pallets harbor bacteria, insects, and molds that lead to serious health risks. Corrugated pallets provide advantages such as easy transportation, space optimization, higher fuel savings, recycling revenue, and eco-friendly properties, that influences the adoption of these pallets. Our market analysts estimate that in terms of units, the market will incur sales volume of around 60 million units by 2021.

The retail industry, logistics, and e-commerce industry are increasingly demanding for lightweight pallets manufactured using paper and corrugated board. These corrugated pallets are lightweight that optimize the space utilization in the truck and reduce the material handling cost in the warehouse. Their lightweight property reduces the shipping costs significantly, in comparison to wooden pallets. Reduced shipping costs proportionately decreases the fuel consumption and results in cost savings in various industries. The growing demand for lightweight pallets is identified to be one of the key trends contributing towards the growth of the corrugated pallets market.

Competitive landscape and key vendors

The corrugated pallets market is moderately fragmented owing to the presence of several large and small vendors. This market comprises of several corrugated pallet manufacturers, pallet management companies, pallet recycling specialists, and pallet pooling firms offering customized and differentiated products catering to the distinct customer demand. To attain competitive advantage in the cardboard pallet market, vendors are adopting new technologies and expanding their product portfolio.

The leading vendors in the market are

• Conitex Sonoco
• DS Smith
• KraftPal Technologies
• Smurfit Kappa
• The Corrugated Pallets Company

The other prominent vendors in the market are Green Label Packaging, GreenLight Pallet Company, Hurst Manufacturing, LIFDEK, PGS Group, and Tyoga Container.

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Segmentation by end-user and analysis of the corrugated pallets market

• Pharmaceutical industry
• Food and beverage industry

The growing demand and production of pharmaceutical products influences the demand for corrugated pallets as they are utilized as material handling equipment to efficiently manage the supply chain of pharmaceutical products. These pallets are minimally affected by harmful elements such as moisture, toxic chemicals, bacteria, pathogens, and insects, and can easily carry increased volume of goods.

Geographical segmentation and analysis of the corrugated pallets market

• Americas
• APAC
• EMEA

The Americas is witnessing growth in the pharmaceutical, e-commerce, and manufacturing industry that provides traction to the need for storage and logistics operations. Vendors in the transportation and warehousing industries are opting for sustainable and economic methods such as increased usage of corrugated pallets to increase the efficiency of these operations. Additionally, factors such as the economic recovery, population growth, and increase in the disposable income levels of consumers in the Americas contributes to the growth of the cardboard pallets market in this region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global corrugated pallets market?
• What are the key market trends impacting the growth of the global corrugated pallets market?
• What are the challenges to market growth?
• Who are the key vendors in the global corrugated pallets market?
• What are the market opportunities and threats faced by the vendors in the global corrugated pallets market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global corrugated pallets market?

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