Global Pallet Covers Market 2017-2021

The infographic below contains key findings from our analysis of the pallet covers market 

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Overview of the global pallet covers market

The increase in containerization is one of the primary pallet covers market drivers. Owing to the growth in containerized seaborne trade and growing trade pattern, shippers are increasingly using containers that facilitate unitization of cargo and reduces the cost of handling goods. This will consequently increase the demand for pallet covers to wrap goods or products during transit since these covers can protect the covered goods against external environmental conditions. The pallet covers market research predicts the market to grow steadily at a CAGR of more than 6% by 2021.

The rise in innovations in pallet covers will be one of the key pallet covers market trends during the next four years. To enhance their product portfolios, pallet cover manufacturers are focusing on innovating and developing diversified products such as reversible pallet covers, insulated pallet thermal covers, and customized printed pallet covers. The insulated thermal pallet covers are suitable for perishable goods such as flowers, fruits, vegetables, and pharmaceutical products and the reversible pallet covers can be used as box liners.

Competitive landscape and key vendors

The pallet covers market is highly fragmented due to the presence of several international, regional, and local players with the local players accounting for the major market shares. The vendors are focusing on offering a high degree of customized and differentiated solutions at competitive prices. Pallet covers manufacturers mainly compete based on factors such as volume, price, technological innovations, and product quality and the level of competition among these players will intensify in the coming years due to the increasing product diversifications and innovations in pallet cover design.

According to the pallet covers market forecast, the leading vendors in the market are

• DuPont
• Eceplast
• Insulated Product Corporation
• Orion Plastics
• Protek Cargo

The other prominent vendors in the market are Flexpak, Image Plastics & Packaging, International Plastics, Pallet Wrapz, Peakfresh, Polar Tech Industries, PolyPak America, PowerPlastics Pool Covers, Syntex Industries, and Uline.

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Segmentation by end user and analysis of the pallet covers market

• Pharmaceutical industry
• Food industry
• Chemical industry

The increasing need for insulated pallet covers for protecting pharmaceutical products and the growing demand for drug delivery services, influences the growth of the pallet bags market in this end user segment. Pallet covers are used in the pharmaceutical industry to prevent pharmaceutical products from contamination from external toxins and harsh environmental conditions and to aid in transporting and storign pharmaceutical products. 

Geographical segmentation and analysis of the pallet covers market

• Americas
• APAC
• EMEA

Countries such as China, India, Australia, Japan, Singapore, South Korea, and Malaysia are witnessing the growth of the manufacturing, transport, and retail industries. This will drive the growth of the pallet bags market in APAC. Additionally, the growth of container ports will also influence the usage of pallet wrap for the transportation and storage of containers.

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 pallet covers market?
• What are the key market trends impacting the growth of the global pallet covers market?
• What are the challenges to market growth?
• Who are the key vendors in the global pallet covers market?
• What are the market opportunities and threats faced by the vendors in the global pallet covers 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 pallet covers market?

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