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The plastic pallets market share is expected to increase by USD 1.48 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.28%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by material (HDPE and PP) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The plastic pallets market report offers information on several market vendors, including Agrico Plastiques Ltee, Allied Plastics Inc., Brambles Ltd., CABKA Group GmbH, CTC Plastics, DIC Corp, Enlightening Pallet Industry Co. Ltd., Greif Inc., Greystone Logistics Inc., Kamps Pallets Inc., Litco International Inc., Loscam International Holdings Co. Ltd., Monoflo International Inc., Myers Industries Inc., Nefab AB, Perfect Pallets Inc., PGS Group, Polymer Solutions International Inc., PURUS PLASTICS GmbH, Rehrig Pacific Co., Schoeller Allibert BV, SDI Packaging Inc., T.M. Fitzgerald and Associates, TranPak Inc., and Vierhouten Groep BV among others.
Brambles Ltd. - The company is publicly held and headquartered in Australia. It is a global company generating USD 5,210 million in revenues and has around 11,569 employees. Its revenue from the global plastic pallet market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers a plastic pallet product designed to incorporate elements of biomimicry in its honeycomb surface and is also recyclable.
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Technavio categorizes the global plastic pallets market as a part of the global metal and glass containers market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The benefits associated with the use of plastic pallets is notably driving the market growth, although factors such as regulatory norms and standards on the use of plastic pallets may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Plastic Pallets Market Driver
Key Plastic Pallets Market Trend
Key Plastic Pallets Market Challenge
This market 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.
Our In-house experts produce extensive information on the value chain and parent market of the plastic pallets market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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44% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for plastic pallets market in APAC. Market growth in this region will be slower than the growth of the market in South America.
The rising disposable income will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had adversely impacted the regional market. However, the increasing production of COVID-19 vaccines and the initiation of vaccination campaigns are expected to boost the demand for plastic pallets in the region during the forecast period.
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The market share growth in the HDPE segment will be significant during the forecast period. High-density polyethylene (HDPE) pallets dominated the global market in terms of market share in 2020. It is expected to continue dominating the market during the forecast period, as they offer various benefits over PP pallets, which is contributing to revenue generation in this segment. This has made HDPE pallets preferable among medium and large-scale industries with significant material handling requirements. In addition, the demand for highly durable, reliable, and hygienic plastic pallets is driving the use of HDPE pallets.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Plastic Pallets Market Scope |
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Report Coverage |
Details |
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Page number |
136 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.28% |
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Market growth 2022-2026 |
USD 1.48 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.56 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Agrico Plastiques Ltee, Allied Plastics Inc., Brambles Ltd., CABKA Group GmbH, CTC Plastics, DIC Corp, Enlightening Pallet Industry Co. Ltd., Greif Inc., Greystone Logistics Inc., Kamps Pallets Inc., Litco International Inc., Loscam International Holdings Co. Ltd., Monoflo International Inc., Myers Industries Inc., Nefab AB, Perfect Pallets Inc., PGS Group, Polymer Solutions International Inc., PURUS PLASTICS GmbH, Rehrig Pacific Co., Schoeller Allibert BV, SDI Packaging Inc., T.M. Fitzgerald and Associates, TranPak Inc., and Vierhouten Groep BV |
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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, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Material
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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