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Pallet Market in India by Material and End-user - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR40091
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The pallet market share in India is expected to increase by USD 902.81 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.2%.

This pallet market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pallet market in India segmentations by material (wood, plastic, metal, and corrugated paper) and end-user (food and beverages, chemicals and pharmaceuticals, retail, construction, and others). The pallet market in India report also offers information on several market vendors, including AKS Packaging Solutions Ind., Aristoplast Products Pvt. Ltd., B. D. Industries India Pvt. Ltd., Brambles Ltd., CABKA Group GmbH, DNA Packaging Systems, Dollpast Machinery Inc., Ergen Plastic Industries, Gee Enterprises, Greif Inc., ImPakt Packaging, LEAP India Pvt. Ltd., Mah Sing Group Berhad, Nefab AB, Nilkamal Ltd., Sintex Plastics Technology Ltd., The Supreme Industries Ltd., ONRACKS TMTE Metal Tech Pvt Ltd, and Giraffe Storage Solutions among others.

What will the Pallet Market Size in India be During the Forecast Period?

Download the Free Report Sample to Unlock the Pallet Market Size in India for the Forecast Period and Other Important Statistics

 

Pallet Market in India: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing manufacturing industry in India is notably driving the pallet market growth in India, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pallet industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pallet Market Driver in India

The growing manufacturing industry in India is one of the key drivers supporting the pallet market growth in India. The Indian government gives industry-specific incentives to encourage manufacturing. These measures are likely to have a favorable impact on Indian industrial sector. As the manufacturing business expands, so will the production volumes of diverse items, which will have a direct impact on the demand for pallets. Furthermore, producers and stakeholders are stressing the adoption of safer transportation modules for commodities and consumer goods, resulting in an increase in the demand for pallets. During the forecast period, such factors are likely to propel the pallet market in India.

Key Pallet Market Trend in India

Adoption of reusable pallets is one of the key pallet market trends in India that is contributing to the market growth. Traditional pallets require a lot of storage space. However, as the logistics company only needs a few pallets, reusable pallets take up less room. They are typically made of more durable materials such as, softwood, hardwood, plastic, etc., lowering the danger of damage from splinters or leakage. Reusable pallets can also help manufacturers and logistics organizations minimize their overall environmental effect. As a result, as the demand for sustainable pallets grows, so will the demand for reusable pallets. During the forecast period, such factors will help to fuel the demand for reusable pallets over the forecast period.

Key Pallet Market Challenge in India

Volatility in raw material prices is one of the factors hindering the pallet market growth in India. Plastic, which comprises polyethylene (PE) and polypropylene (PP), is one of the common raw material used to make pallets. They have seen a huge increase in price over the years, owing to supply-chain distruption. Any fluctuation in the cost of these raw materials creates anxiety among end-users such as pallet makers, affecting the margins of all key stakeholders in the pallet market value chain in India, including vendors. These price changes in raw materials are expected to have a negative impact on suppliers profitability and capacity to efficiently meet end-user needs. These factors in turn is anticipated to have a negative impact on pallet market in India over the forecast period.

This pallet market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the pallet market in India as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pallet market in India during the forecast period.

Who are the Major Pallet Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AKS Packaging Solutions Ind.
  • Aristoplast Products Pvt. Ltd.
  • B. D. Industries India Pvt. Ltd.
  • Brambles Ltd.
  • CABKA Group GmbH
  • DNA Packaging Systems
  • Dollpast Machinery Inc.
  • Ergen Plastic Industries
  • Gee Enterprises
  • Greif Inc.
  • ImPakt Packaging
  • LEAP India Pvt. Ltd.
  • Mah Sing Group Berhad
  • Nefab AB
  • Nilkamal Ltd.
  • Sintex Plastics Technology Ltd.
  • The Supreme Industries Ltd.
  • ONRACKS TMTE Metal Tech Pvt Ltd
  • Giraffe Storage Solutions

 

This statistical study of the pallet market in India encompasses successful business strategies deployed by the key vendors. The pallet market in India is fragmented and the vendors are deploying growth strategies such as price, brand, and variety to compete in the market.

Product Insights and News

  • AKS Packaging Solutions Ind. - Under the unified segment, the company manufactures products such as corrugated boxes, rolls, sheets and packaging material.  
  • AKS Packaging Solutions Ind. - The company offers pallet such as EPAL pallet. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pallet market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pallet Market in India Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pallet market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Material Segments in the Pallet Market in India?

To gain further insights on the market contribution of various segments Request for a FREE sample

The pallet market share growth in India by the wood segment will be significant during the forecast period. Pallets that can be reused are made from robust materials such as wood and plastic and can be used multiple times to aid in the efficient and safe movement of goods throughout the supply chain. Reusable plastic pallets are resistant to warping, shrinking, and splintering and can withstand even the most extreme weather. As a result, corporations convey sensitive products using reusable plastic pallets. They are typically made of more durable materials such as, softwood, hardwood, plastic, etc., lowering the danger of damage from splinters or leakage. Such factors will increase the adoption of wood and thereby driving the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pallet market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Pallet Market in India Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.2%

Market growth 2022-2026

$ 902.81 million

Market structure

Fragmented

YoY growth (%)

11.81

Regional analysis

India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AKS Packaging Solutions Ind., Aristoplast Products Pvt. Ltd., B. D. Industries India Pvt. Ltd., Brambles Ltd., CABKA Group GmbH, DNA Packaging Systems, Dollpast Machinery Inc., Ergen Plastic Industries, Gee Enterprises, Greif Inc., ImPakt Packaging, LEAP India Pvt. Ltd., Mah Sing Group Berhad, Nefab AB, Nilkamal Ltd., Sintex Plastics Technology Ltd., The Supreme Industries Ltd., ONRACKS TMTE Metal Tech Pvt Ltd, and Giraffe Storage Solutions

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Pallet Market in India Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive pallet market growth in India during the next five years
  • Precise estimation of the pallet market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pallet industry in India  
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pallet market vendors in India 

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1. Executive Summary                           

                                Exhibit 01:  Executive Summary – Chart on Market Overview

                                Exhibit 02:  Executive Summary – Data Table on Market Overview

                                Exhibit 03:  Executive Summary – Chart on Country Market Characteristics

                                Exhibit 04:  Executive Summary – Chart on Market Segmentation by Material

                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by End-user

                                Exhibit 06:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 07:  Parent market

                                Exhibit 08:  Market Characteristics

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 09:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 10:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021-2026    

                                Exhibit 11:  Chart on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 12:  Data Table on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 13:  Chart on India: Year-over-year growth 2021-2026 (%)

                                Exhibit 14:  Data Table on India: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15:  Five forces analysis - Comparison between 2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 16:  Bargaining power of buyers – Impact of key factors in 2021 and 2026

                4.3 Bargaining power of suppliers       

                                Exhibit 17:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

                4.4 Threat of new entrants    

                                Exhibit 18:  Threat of new entrants – Impact of key factors in 2021 and 2026

                4.5 Threat of substitutes         

                                Exhibit 19:  Threat of substitutes – Impact of key factors in 2021 and 2026

                4.6 Threat of rivalry   

                                Exhibit 20:  Threat of rivalry – Impact of key factors in 2021 and 2026

                4.7 Market condition

                                Exhibit 21:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Material

                5.1 Market segments

                                Exhibit 22:  Chart on Material - Market share 2021-2026 (%)

                                Exhibit 23:  Data Table on Material - Market share 2021-2026 (%)

                5.2 Comparison by Material   

                                Exhibit 24:  Chart on Comparison by Material

                                Exhibit 25:  Data Table on Comparison by Material

                5.3 Wood - Market size and forecast 2021-2026             

                                Exhibit 26:  Chart on Wood - Market size and forecast 2021-2026 ($ million)

                                Exhibit 27:  Data Table on Wood - Market size and forecast 2021-2026 ($ million)

                                Exhibit 28:  Chart on Wood - Year-over-year growth 2021-2026 (%)

                                Exhibit 29:  Data Table on Wood - Year-over-year growth 2021-2026 (%)

                5.4 Plastic - Market size and forecast 2021-2026            

                                Exhibit 30:  Chart on Plastic - Market size and forecast 2021-2026 ($ million)

                                Exhibit 31:  Data Table on Plastic - Market size and forecast 2021-2026 ($ million)

                                Exhibit 32:  Chart on Plastic - Year-over-year growth 2021-2026 (%)

                                Exhibit 33:  Data Table on Plastic - Year-over-year growth 2021-2026 (%)

                5.5 Metal - Market size and forecast 2021-2026             

                                Exhibit 34:  Chart on Metal - Market size and forecast 2021-2026 ($ million)

                                Exhibit 35:  Data Table on Metal - Market size and forecast 2021-2026 ($ million)

                                Exhibit 36:  Chart on Metal - Year-over-year growth 2021-2026 (%)

                                Exhibit 37:  Data Table on Metal - Year-over-year growth 2021-2026 (%)

                5.6 Corrugated paper - Market size and forecast 2021-2026     

                                Exhibit 38:  Chart on Corrugated paper - Market size and forecast 2021-2026 ($ million)

                                Exhibit 39:  Data Table on Corrugated paper - Market size and forecast 2021-2026 ($ million)

                                Exhibit 40:  Chart on Corrugated paper - Year-over-year growth 2021-2026 (%)

                                Exhibit 41:  Data Table on Corrugated paper - Year-over-year growth 2021-2026 (%)

                5.7 Market opportunity by Material   

                                Exhibit 42:  Market opportunity by Material ($ million)

6. Market Segmentation by End-user

                6.1 Market segments

                                Exhibit 43:  Chart on End-user - Market share 2021-2026 (%)

                                Exhibit 44:  Data Table on End-user - Market share 2021-2026 (%)

                6.2 Comparison by End-user  

                                Exhibit 45:  Chart on Comparison by End-user

                                Exhibit 46:  Data Table on Comparison by End-user

                6.3 Food and beverages - Market size and forecast 2021-2026 

                                Exhibit 47:  Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)

                                Exhibit 48:  Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)

                                Exhibit 49:  Chart on Food and beverages - Year-over-year growth 2021-2026 (%)

                                Exhibit 50:  Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

                6.4 Chemicals and pharmaceuticals - Market size and forecast 2021-2026          

                                Exhibit 51:  Chart on Chemicals and pharmaceuticals - Market size and forecast 2021-2026 ($ million)

                                Exhibit 52:  Data Table on Chemicals and pharmaceuticals - Market size and forecast 2021-2026 ($ million)

                                Exhibit 53:  Chart on Chemicals and pharmaceuticals - Year-over-year growth 2021-2026 (%)

                                Exhibit 54:  Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2021-2026 (%)

                6.5 Retail - Market size and forecast 2021-2026             

                                Exhibit 55:  Chart on Retail - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56:  Data Table on Retail - Market size and forecast 2021-2026 ($ million)

                                Exhibit 57:  Chart on Retail - Year-over-year growth 2021-2026 (%)

                                Exhibit 58:  Data Table on Retail - Year-over-year growth 2021-2026 (%)

                6.6 Construction - Market size and forecast 2021-2026               

                                Exhibit 59:  Chart on Construction - Market size and forecast 2021-2026 ($ million)

                                Exhibit 60:  Data Table on Construction - Market size and forecast 2021-2026 ($ million)

                                Exhibit 61:  Chart on Construction - Year-over-year growth 2021-2026 (%)

                                Exhibit 62:  Data Table on Construction - Year-over-year growth 2021-2026 (%)

                6.7 Others - Market size and forecast 2021-2026           

                                Exhibit 63:  Chart on Others - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64:  Data Table on Others - Market size and forecast 2021-2026 ($ million)

                                Exhibit 65:  Chart on Others - Year-over-year growth 2021-2026 (%)

                                Exhibit 66:  Data Table on Others - Year-over-year growth 2021-2026 (%)

                6.8 Market opportunity by End-user  

                                Exhibit 67:  Market opportunity by End-user ($ million)

7. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                7.1 Customer landscape overview      

                                Exhibit 68:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Growing manufacturing industry in India

                                8.1.2 Growth of the e-commerce industry in India

                                8.1.3 Growth of containerization in India

                8.2 Market challenges              

                                8.2.1 Volatility in raw material prices

                                8.2.2 Concerns related to the use of pallets

                                8.2.3 Lack of proper warehousing infrastructure in India

                8.3 Impact of drivers and challenges  

                                Exhibit 69:  Impact of drivers and challenges in 2021 and 2026

                8.4 Market trends      

                                8.4.1 Adoption of reusable pallets

                                8.4.2 Emergence of pallet pooling

                                8.4.3 Rising popularity of pallet tracking technologies

9 Vendor Landscape                               

                9.1 Overview

                9.2 Vendor landscape

                                Exhibit 70:  Overview on Criticality of inputs and Factors of differentiation

                9.3 Landscape disruption        

                                Exhibit 71:  Overview on factors of disruption

                9.4 Industry risks        

                                Exhibit 72:  Impact of key risks on business

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 73:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 74:  Matrix on vendor position and classification

                10.3 AKS Packaging Solutions Ind.       

                                Exhibit 75:  AKS Packaging Solutions Ind. - Overview

                                Exhibit 76:  AKS Packaging Solutions Ind. - Product / Service

                                Exhibit 77:  AKS Packaging Solutions Ind. - Key offerings

                10.4 Brambles Ltd.     

                                Exhibit 78:  Brambles Ltd. - Overview

                                Exhibit 79:  Brambles Ltd. - Business segments

                                Exhibit 80:  Brambles Ltd. - Key offerings

                                Exhibit 81:  Brambles Ltd. - Segment focus

                10.5 CABKA Group GmbH       

                                Exhibit 82:  CABKA Group GmbH - Overview

                                Exhibit 83:  CABKA Group GmbH - Product / Service

                                Exhibit 84:  CABKA Group GmbH - Key offerings

                10.6 Ergen Plastic Industries  

                                Exhibit 85:  Ergen Plastic Industries - Overview

                                Exhibit 86:  Ergen Plastic Industries - Product / Service

                                Exhibit 87:  Ergen Plastic Industries - Key offerings

                10.7 Greif Inc.

                                Exhibit 88:  Greif Inc. - Overview

                                Exhibit 89:  Greif Inc. - Business segments

                                Exhibit 90:  Greif Inc. - Key offerings

                                Exhibit 91:  Greif Inc. - Segment focus

                10.8 LEAP India Pvt. Ltd.          

                                Exhibit 92:  LEAP India Pvt. Ltd. - Overview

                                Exhibit 93:  LEAP India Pvt. Ltd. - Product / Service

                                Exhibit 94:  LEAP India Pvt. Ltd. - Key offerings

                10.9 Nefab AB             

                                Exhibit 95:  Nefab AB - Overview

                                Exhibit 96:  Nefab AB - Product / Service

                                Exhibit 97:  Nefab AB - Key news

                                Exhibit 98:  Nefab AB - Key offerings

                10.10 Nilkamal Ltd.    

                                Exhibit 99:  Nilkamal Ltd. - Overview

                                Exhibit 100:  Nilkamal Ltd. - Product / Service

                                Exhibit 101:  Nilkamal Ltd. - Key offerings

                10.11 Sintex Plastics Technology Ltd. 

                                Exhibit 102:  Sintex Plastics Technology Ltd. - Overview

                                Exhibit 103:  Sintex Plastics Technology Ltd. - Product / Service

                                Exhibit 104:  Sintex Plastics Technology Ltd. - Key offerings

                10.12 The Supreme Industries Ltd.     

                                Exhibit 105:  The Supreme Industries Ltd. - Overview

                                Exhibit 106:  The Supreme Industries Ltd. - Business segments

                                Exhibit 107:  The Supreme Industries Ltd. - Key offerings

                                Exhibit 108:  The Supreme Industries Ltd. - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 ????Objectives

                                11.1.3 ????Notes and caveats

                11.2 Inclusions and exclusions checklist            

                                Exhibit 109:  Inclusions checklist

                                Exhibit 110:  Exclusions checklist

                11.3 Currency conversion rates for US$            

                                Exhibit 111:  Currency conversion rates for US$

                11.4 Research methodology  

                                Exhibit 112: ?Research Methodology

                                Exhibit 113: ??Validation techniques employed for market sizing?

                                Exhibit 114: ??Information sources

                11.5 List of abbreviations        

                                Exhibit 115: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The pallet market growth will increase by $902.81 million during 2022-2026.
The pallet market is expected to grow at a CAGR of 12.2% during 2022-2026.
Technavio has segmented the pallet market by end-user (Food and beverages, Chemicals and pharmaceuticals, Retail, Construction, and Others) and geographic (India).
AKS Packaging Solutions Ind., Aristoplast Products Pvt. Ltd., B. D. Industries India Pvt. Ltd., Brambles Ltd., CABKA Group GmbH, DNA Packaging Systems, Dollpast Machinery Inc., Ergen Plastic Industries, Gee Enterprises, Greif Inc., ImPakt Packaging, LEAP India Pvt. Ltd., Mah Sing Group Berhad, Nefab AB, Nilkamal Ltd., Sintex Plastics Technology Ltd., The Supreme Industries Ltd., ONRACKS TMTE Metal Tech Pvt Ltd, Giraffe Storage Solutions are a few of the key vendors in the pallet market.
APAC will register the highest growth rate of 100% among the other regions. Therefore, the pallet market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pallet market growth are:
  • Growing manufacturing industry in India
  • Adoption of reusable pallets
The pallet market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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