0

Plastic Pallets Market by Material and Geography - Global Forecast & Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 123
  • SKU: IRTNTR40003
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The plastic pallets market share is expected to increase by USD 120.45 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8%.

This plastic pallets market 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 plastic pallets market segmentations by material (HDPE and PP) and geography (APAC, Europe, North America, South America, and MEA). The plastic pallets market report also offers information on several market vendors, including Brambles Ltd., Bulk-Flow, DIC Corp., Greif Inc., Loscam International Holdings Co. Ltd., Nefab AB, PGS Group, Rehrig Pacific Co., Schoeller Allibert BV, and Vierhouten Groep BV  among others.

What will the Plastic Pallets Market Size be During the Forecast Period?

Plastic Pallets Market Size

Download the Free Report Sample to Unlock the Plastic Pallets Market Size for the Forecast Period and Other Important Statistics

 

Plastic Pallets Market: 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 benefits associated with the use of plastic pallets is notably driving the plastic pallets market growth, although factors such as regulatory norms and standards on use of plastic pallets 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 plastic pallets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Plastic Pallets Market Driver

One of the key factors driving the plastic pallets market growth is the benefits associated with use of plastic pallets. Plastic pallets offer higher durability, reliability, and space-efficiency than other types of pallets, such as material (or load) handling equipment. These benefits are driving the adoption of plastic pallets, thereby increasing the revenue generation of the market in focus. Wood, plastic, and metal are the three most common types of pallets used as load or material handling equipment. Of these three, plastic pallets are the most preferred because their shipping and handling costs are less as they are lighter and easier to transport. Furthermore, plastic pallets generally cost lesser than wooden or metal pallets. In addition, plastic pallets offer better space efficiency in terms of space-saving (plastics being highly elastic) when they are stacked (compared with wooden or metal plastic pallets). Moreover, they can accommodate more types of goods, having different shapes and sizes, compared with wooden or metal pallets. This is because plastic pallets are flexible in terms of design. These factors play a crucial role in driving the growth of the market in focus.

Key Plastic Pallets Market Trend

Another key factor driving the plastic pallets market growth is the manufacturing of plastic pallets using 100% recyclable plastics. Vendors have been working on increasing the quantity of plastic pallets manufactured from 100% recyclable plastics. This is owing to the continuous focus on reducing carbon footprint and environmental pollution. In addition, plastic has a high energy-saving potential, which can be attained through intrinsic recyclability. The growth in the adoption of 100% recyclable plastics in plastic pallet manufacturing is expected to drive the market growth during the forecast period. Most of the prominent vendors operating in the global plastic pallets market are working on manufacturing 100% environmentally sustainable plastic pallets. Prominent vendors are using 100% recyclable business plastic and household waste having plastics to differentiate their plastic pallet offerings and minimize carbon footprint. For this, prominent vendors are using tough and durable materials (such as HDPE), which lasts longer. Furthermore, the focus is on reducing energy consumption and minimal emission of carbon dioxide during the manufacturing process of plastic pallets. The use of 100% recyclable plastic to manufacture plastic pallets not only helps in environmental sustainability but also ensures cost optimization.

Key Plastic Pallets Market Challenge

Regulatory norms and standards on use of plastic pallets is one of the key challenges hindering the plastic pallets market growth. The use of plastic pallets in specific industries is governed by regulatory norms to ensure compliance with the required safety norms and environmental sustainability. These regulatory norms are evident in the food processing and packaging industry. Such regulatory norms on the use of plastic pallets are a challenge for vendors operating in the global plastic pallets market. In the US, the Food and Drug Administration (FDA) formulated certain standards for food processing, handling, and transportation. The Food Safety Modernization Act (FSMA) is a set of regulations that are aimed at preventing food contamination by bacteria, chemicals, and other harmful external agents. In addition, the engagement of market vendors in corporate social responsibility (CSR) activities is of the utmost importance to understand vendors' contribution toward carbon footprint. Vendors should also ensure the minimum use of hazardous substances such as lead, mercury, cadmium, and polybrominated biphenyls in plastic pallet manufacturing. Such regulatory standards pose design and manufacturing constraints for vendors operating in the market, thereby acting as a market inhibitor.

This plastic pallets 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global plastic pallets market as a part of the global metal and glass containers 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 plastic pallets market during the forecast period.

Who are the Major Plastic Pallets Market Vendors?

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

  • Brambles Ltd.
  • Bulk-Flow
  • DIC Corp.
  • Greif Inc.
  • Loscam International Holdings Co. Ltd.
  • Nefab AB
  • PGS Group
  • Rehrig Pacific Co.
  • Schoeller Allibert BV
  • Vierhouten Groep BV

This statistical study of the plastic pallets market encompasses successful business strategies deployed by the key vendors. The plastic pallets market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Brambles Ltd. - The company offers 100% recyclable plastic pallet manufactured by using mixed plastic that is expensive to segregate. This product design incorporates elements of biomimicry in its honeycomb surface for strength and traction.

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

Plastic Pallets Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the plastic pallets market, 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.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Plastic Pallets Market?

Plastic Pallets Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for plastic pallets in APAC. Market growth in this region will be slower than the growth of the market in South America regions.

Industries such as industrial goods, electrical and electronics, food packaging, healthcare and medical, and automotive are growing rapidly will facilitate the plastic pallets 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

In 2020, most industrial operations in the region were adversely affected by the outbreak of the COVID-19 pandemic. China, India, Indonesia, and Bangladesh were some of the worst-affected countries by the pandemic in the region. In March 2020, non-essential industries, such as automotive, transportation, hospitality, and retail (except the stores offering medicines and essential items), announced the temporary shutdown of their operations, which led to a decline in the adoption of plastic pallets. However, the demand for plastic pallets from non-essential industries is expected to rise, following the gradual resumption of operations and the adoption of new strategies by the vendors operating in these industries to recover from the impact of the COVID-19 pandemic. Furthermore, the increasing production of COVID-19 vaccines and the start of vaccination campaigns are expected to boost the demand for plastic pallets in the region during the forecast period. Several countries in the region are also expected to launch vaccination campaigns in 2021. All these factors are expected to drive the demand for plastic pallets in the region during the forecast period.

What are the Revenue-generating Material Segments in the Plastic Pallets Market?

Plastic Pallets Market Segmentation

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

The plastic pallets market share growth by the HDPE will be significant during the forecast period. High-density polyethylene (HDPE) 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.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the plastic pallets market size and actionable market insights on post COVID-19 impact on each segment.

 

Plastic Pallets Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 120.45 million

Market structure

Fragmented

YoY growth (%)

7.75

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Brambles Ltd., Bulk-Flow, DIC Corp., Greif Inc., Loscam International Holdings Co. Ltd., Nefab AB, PGS Group, Rehrig Pacific Co., Schoeller Allibert BV, and Vierhouten Groep BV 

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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Plastic Pallets Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plastic pallets market growth during the next five years
  • Precise estimation of the plastic pallets market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plastic pallets industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plastic pallets market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Glass and metal containers

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Material

    • 5.1 Market segments
      • Exhibit 15: Material - Market share 2020-2025 (%)
    • 5.2 Comparison by Material
      • Exhibit 16: Comparison by Material
    • 5.3 HDPE - Market size and forecast 2020-2025
      • Exhibit 17: HDPE - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: HDPE - Year-over-year growth 2020-2025 (%)
    • 5.4 PP - Market size and forecast 2020-2025
      • Exhibit 19: PP - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: PP - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Material
      • Exhibit 21: Market opportunity by Material

    6 Customer landscape

    • 6.1 Overview
      • Exhibit 22: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 38: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 39: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 40: Landscape disruption
          • Exhibit 41: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 42: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 43: Market positioning of vendors
        • 10.3 Brambles Ltd.
          • Exhibit 44: Brambles Ltd. - Overview
          • Exhibit 45: Brambles Ltd. - Business segments
          • Exhibit 46: ?Brambles Ltd. - Key news
          • Exhibit 47: Brambles Ltd. - Key offerings
          • Exhibit 48: Brambles Ltd. - Segment focus
        • 10.4 Bulk-Flow
          • 10.5 DIC Corp.
            • Exhibit 52: DIC Corp. - Overview
            • Exhibit 53: DIC Corp. - Business segments
            • Exhibit 54: DIC Corp. - Key news
            • Exhibit 55: DIC Corp. - Key offerings
            • Exhibit 56: DIC Corp. - Segment focus
          • 10.6 Greif Inc.
            • Exhibit 57: Greif Inc. - Overview
            • Exhibit 58: Greif Inc. - Business segments
            • Exhibit 59: Greif Inc. - Key news
            • Exhibit 60: Greif Inc. - Key offerings
            • Exhibit 61: Greif Inc. - Segment focus
          • 10.7 Loscam International Holdings Co. Ltd.
            • Exhibit 62: Loscam International Holdings Co. Ltd. - Overview
            • Exhibit 63: Loscam International Holdings Co. Ltd. - Product and service
            • Exhibit 64: Loscam International Holdings Co. Ltd. - Key offerings
          • 10.8 Nefab AB
            • Exhibit 65: Nefab AB - Overview
            • Exhibit 66: Nefab AB - Product and service
            • Exhibit 67: Nefab AB - Key news
            • Exhibit 68: Nefab AB - Key offerings
          • 10.9 PGS Group
            • Exhibit 69: PGS Group - Overview
            • Exhibit 70: PGS Group - Product and service
            • Exhibit 71: PGS Group - Key offerings
          • 10.10 Rehrig Pacific Co.
            • Exhibit 72: Rehrig Pacific Co. - Overview
            • Exhibit 73: Rehrig Pacific Co. - Product and service
            • Exhibit 74: Rehrig Pacific Co. - Key news
            • Exhibit 75: Rehrig Pacific Co. - Key offerings
          • 10.11 Schoeller Allibert BV
            • Exhibit 76: Schoeller Allibert BV - Overview
            • Exhibit 77: Schoeller Allibert BV - Product and service
            • Exhibit 78: Schoeller Allibert BV - Key offerings
          • 10.12 Vierhouten Groep BV
            • Exhibit 79: Vierhouten Groep BV - Overview
            • Exhibit 80: Vierhouten Groep BV - Product and service
            • Exhibit 81: Vierhouten Groep BV - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 82: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 83: Research Methodology
              • Exhibit 84: Validation techniques employed for market sizing
              • Exhibit 85: Information sources
            • 11.4 List of abbreviations
              • Exhibit 86: 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
            Interested in this report?
            Get your sample now!
            Plastic Pallets Market market growth will increase by $120.45 mn during 2021-2025.
            The plastic pallets market market is expected to grow at a CAGR of 8% during 2021-2025.
            Technavio has segmented the plastic pallets market market by material (HDPE and PP) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
            Brambles Ltd., Bulk-Flow, DIC Corp., Greif Inc., Loscam International Holdings Co. Ltd., Nefab AB, PGS Group, Rehrig Pacific Co., Schoeller Allibert BV, Vierhouten Groep BV  are a few of the key vendors in the plastic pallets market market.
            APAC will register the highest growth rate of 40% among the other regions. Therefore, the plastic pallets market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the plastic pallets market market growth are:
            • benefits associated with use of plastic pallets
            • manufacturing of plastic pallets using 100% recyclable plastics
            The plastic pallets market market vendors should focus on grabbing business opportunities from the hdpe segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single User:

              Quick and easy buy and download option

            • Enterprise:

              Flexible option - Complimentary customization included

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>