Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Global Plastic Pallets Market: About this market
plastic pallets market analysis considers sales from both HDPE and PP material. Our study also finds the sales of plastic pallets in APAC, Europe, North America, South America, and MEA. In 2018, the HDPE segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as demand for exceptionally durable, reliable, and hygienic plastic pallets will play a significant role in the HDPE segment to maintain its market position. Also, our global plastic pallets market report looks at factors such as benefits associated with the use of plastic pallets, high applications in the shipping and load handling sector, and emerging markets in APAC act as market enablers. However, regulatory norms and standards on the use of plastic pallets, variation in crude oil prices, and challenges faced by logistics and shipping industries may hamper the growth of the plastic pallets industry over the forecast period.
Global Plastic Pallets Market: Overview
Benefits associated with the use of plastic pallets
End-users are increasing the preference for plastic pallets over wooden or metal pallets. This is because plastic pallets offer lower shipping costs as they are lighter and easy to transport. Plastic pallets do not break or develop cracks, thereby resulting in higher durability. They are safer to handle as they do not have sharp edges and can accommodate several types of goods. Moreover, plastic pallets offer better space efficiency when they are stacked. Many such benefits offered by plastic pallets will lead to the expansion of the global plastic pallets market at a CAGR of about 8% during the forecast period.
RFID tags for tracking plastic pallets
The efficiency of logistics and warehouse operations plays a crucial role in determining the material handling and transportation cost in a supply chain. The use of cost-effective and time-saving material handling equipment is of utmost importance to improve operational efficiency. Radio-frequency identification (RFID) tracking tags for plastic pallets are one of the optimum solutions that help in the optimization of container packaging and logistic operations. RFID tags improve the automation level of the tracking process in inventory management and warehousing. RFID tags used for plastic pallet tracking are being designed to meet individual business requirements. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global plastic pallets market during the forecast period 2020-2024, click here.
With the presence of several major players, the global plastic pallets market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic pallets manufacturers, that include Brambles Ltd., Bulk-Flow LLC, DIC Corp., Greif Inc., Groupe PGS, LOSCAM, Nefab AB, Rehrig Pacific Co., Schoeller Allibert BV, and Vierhouten Groep BV
Also, the plastic pallets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
plastic pallets market analysis considers sales from both HDPE and PP material. Our study also finds the sales of plastic pallets in APAC, Europe, North America, South America, and MEA. In 2018, the HDPE segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as demand for exceptionally durable, reliable, and hygienic plastic pallets will play a significant role in the HDPE segment to maintain its market position. Also, our global plastic pallets market report looks at factors such as benefits associated with the use of plastic pallets, high applications in the shipping and load handling sector, and emerging markets in APAC act as market enablers. However, regulatory norms and standards on the use of plastic pallets, variation in crude oil prices, and challenges faced by logistics and shipping industries may hamper the growth of the plastic pallets industry over the forecast period.
Global Plastic Pallets Market: Overview
Benefits associated with the use of plastic pallets
End-users are increasing the preference for plastic pallets over wooden or metal pallets. This is because plastic pallets offer lower shipping costs as they are lighter and easy to transport. Plastic pallets do not break or develop cracks, thereby resulting in higher durability. They are safer to handle as they do not have sharp edges and can accommodate several types of goods. Moreover, plastic pallets offer better space efficiency when they are stacked. Many such benefits offered by plastic pallets will lead to the expansion of the global plastic pallets market at a CAGR of about 8% during the forecast period.
RFID tags for tracking plastic pallets
The efficiency of logistics and warehouse operations plays a crucial role in determining the material handling and transportation cost in a supply chain. The use of cost-effective and time-saving material handling equipment is of utmost importance to improve operational efficiency. Radio-frequency identification (RFID) tracking tags for plastic pallets are one of the optimum solutions that help in the optimization of container packaging and logistic operations. RFID tags improve the automation level of the tracking process in inventory management and warehousing. RFID tags used for plastic pallet tracking are being designed to meet individual business requirements. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global plastic pallets market during the forecast period 2020-2024, click here.
Competitive Landscape
With the presence of several major players, the global plastic pallets market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic pallets manufacturers, that include Brambles Ltd., Bulk-Flow LLC, DIC Corp., Greif Inc., Groupe PGS, LOSCAM, Nefab AB, Rehrig Pacific Co., Schoeller Allibert BV, and Vierhouten Groep BV
Also, the plastic pallets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
