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Thermal Pallet Covers Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Pharmaceutical, Food & Beverage, Chemicals, and Others)

  • ID: 5401868
  • Report
  • July 2021
  • Region: Global
  • 116 pages
  • The Insight Partners
UP TO OFF
until Jan 15th 2022

FEATURED COMPANIES

  • ECEPLAST
  • ECOCOOL
  • PAC Worldwide Corporation
  • Protek Cargo
  • QProducts & Services
  • Softbox
The scope of the publisher's recent study on the “Thermal Pallet Covers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application (Pharmaceutical, Food & Beverage, Chemicals, and Others)” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with providing market share analysis.



thermal pallet covers market was valued at US$ 4,599.65 million in 2021 and is projected to reach US$ 10,469.73 million by 2028; it is expected to grow at a CAGR of 12.5% from 2021 to 2028. Thermal pallet covers safeguard temperature-sensitive goods from the effects of harsh weather and decrease the risk of excursions. The heat transmission from the environment to a product can be slowed by using thermal pallet covers. They help maintain the ambient temperature of goods in transit and protect the temperature-sensitive products from small temperature spikes that can occur during loading and unloading, cross docking, and warehousing and packaging. Growing demand from various application segments, such as pharmaceuticals, food & beverage, and chemicals, is one of the key factors driving the growth of thermal pallet covers market. Moreover, the rapid growth of shipping and logistics industry is projected to propel demand for thermal pallet covers in the coming years.

Based on application, thermal pallet covers market is segmented into pharmaceutical, food & beverage, chemicals, and others. The food & beverage segment held the largest market share in 2020. In the food & beverage industry, thermal pallet covers are extremely popular. Customers return shipments to a manufacturer if the food gets spoiled during transportation, which can cause significant loss to manufacturer. The use of thermal pallet covers helps avoid this type of loss. Packaged salads; bakery, confectionery, and dairy products; meat and seafood; and sauces, dips, and dressing items require specific handling in transit to maintain their freshness. Thus, thermal pallet covers are preferred by most food processing industries due to their benefits such as being exceptionally space-efficient, puncture-resistant, protection against cold and heat, and simple application.

thermal pallet covers market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Asia Pacific accounted for the largest share of the market. The market in APAC comprises several economies such as China, India, Japan, South Korea, Australia, and the Rest of APAC. These countries are witnessing a growing manufacturing industry coupled with rising industrialization, which offers lucrative opportunities for key market players in thermal pallet covers market. China is mainly dominating the regional market, followed by other countries such as Japan, India, and the Rest of APAC. The growing population, rising disposable income levels of population, and substantial economic conditions are propelling demand for pharmaceuticals and food and beverage products, which is driving the growth of thermal pallet covers the market in the region.

Impact of the COVID-19 Pandemic on thermal Pallet Covers Market


The COVID-19 pandemic has drastically affected the manufacturing industries in terms of operational efficiency owing to many factors such as extended lockdowns across different regions, restrictions on international trades, shutdown of manufacturing units, travel bans, disruptions in supply chain, and shortage in the supply of raw materials. The pandemic had a direct negative impact on logistics companies that deal with the movement, storage, and flow of goods. Logistics companies enable trade and commerce by assisting businesses to deliver their products to clients, both within and across international borders. Supply chain interruptions are influencing the sector's competitiveness and economic growth. Logistics companies engaged with industries, such as automobile, electronics, medicines, medical equipment and supplies, and consumer items, are among adversely affected companies across the world. Ocean freight, land freight, and air freight recorded weak demand leading to slow operations and losses. However, growing demand for pharmaceutical products especially medicines and drugs owing to the COVID-19 outbreak is driving the demand for thermal pallet covers from the pharmaceutical industry. On the other hand, the interruptions in the value chain is limiting the availability of raw materials, which is hindering the growth of thermal pallet covers market.

Businesses are resuming as most of the countries are easing previously imposed restrictions. Moreover, the introduction of COVID-19 vaccines by governments of countries has eased out the situation leading to rise in business activities across the world. Moreover, logistics companies involved in the transportation of vaccines are among the key consumers of thermal pallet cover as the vaccines are temperature sensitive and require ambient atmospheres for its storage. Thus, this factor is significantly boosting the market growth. The pandemic has spurred the development of the e-commerce industry. Therefore, customers get access to a wide range of products, such as essential goods, convenience products, and safety goods. It has also allowed businesses to continue their operations despite limitations and restrictions on industrial and transportation activities. The e-commerce industry has significantly contributed to the revival of logistics operations, which, in turn, is expected to positively impact the growth of thermal pallet covers market in the forthcoming years. Furthermore, rising demand for essential food products would propel the market growth during the forecast period. The COVID-19 pandemic had a severe impact on thermal pallet covers market during the initial phase. However, the market is expected to gain a significant growth in the coming years.

The report segments thermal pallet covers market as follows:


Based on application, thermal pallet covers market is segmented into pharmaceutical, food & beverage, chemicals, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM).

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Thermal Pallet Covers market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ECEPLAST
  • ECOCOOL
  • PAC Worldwide Corporation
  • Protek Cargo
  • QProducts & Services
  • Softbox

1. Introduction

1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways


3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. Thermal Pallet Covers Market Landscape

4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis

5. Thermal Pallet Covers Market - Key Market Dynamics

5.1 Market Drivers
5.1.1 Growing Demand from Various End User Industries
5.1.2 Increasing Benefits of Using Thermal Pallet Covers in Logistics Services
5.2 Restraints
5.2.1 Environmental Impacts of Single-Use Thermal Pallet Covers
5.3 Market Opportunities
5.3.1 Growing Product Innovation and Research & Development Activities
5.4 Future Trend
5.4.1 Emerging Trend of Bio-Based And Recyclable Thermal Pallet Covers
5.5 Impact Analysis of Drivers and Restraints

6. Thermal Pallet Covers - Global Market Analysis

6.1 Thermal Pallet Covers Market Overview
6.2 Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
6.3 Market Positioning - Global Market Players

7. Thermal Pallet Covers Market Analysis - By Application

7.1 Overview
7.2 Thermal Pallet Covers Market, By Application (2020 and 2028)
7.3 Pharmaceutical
7.3.1 Overview
7.3.2 Pharmaceutical: Thermal Pallet Covers Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Food and Beverages
7.4.1 Overview
7.4.2 Food and Beverages: Thermal Pallet Covers Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Chemical
7.5.1 Overview
7.5.2 Chemical: Thermal Pallet Covers Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Thermal Pallet Covers Market - Revenue and Forecast to 2028 (US$ Million)

8. Thermal Pallet Covers Market - Geographic Analysis

8.1 Overview
8.2 North America: Thermal Pallet Covers Market
8.2.1 North America: Thermal Pallet Covers Market - Revenue and Forecast to 2028(USD Million)
8.2.2 North America: Thermal Pallet Covers Market, by Application
8.2.3 North America: Thermal Pallet Covers Market, by Key Country
8.2.3.1 US: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.2.3.1.1 US: Thermal Pallet Covers Market, by Application
8.2.3.2 Canada: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.2.3.2.1 Canada: Thermal Pallet Covers Market, by Application
8.2.3.3 Mexico: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.2.3.3.1 Mexico: Thermal Pallet Covers Market, by Application
8.3 Europe: Thermal Pallet Covers Market
8.3.1 Europe: Thermal Pallet Covers Market - Revenue and Forecast to 2028(USD Million)
8.3.2 Europe: Thermal Pallet Covers Market, by Application
8.3.3 Europe: Thermal Pallet Covers Market, by Key Country
8.3.3.1 Germany: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.1.1 Germany: Thermal Pallet Covers Market, by Application
8.3.3.2 France: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.2.1 France: Thermal Pallet Covers Market, by Application
8.3.3.3 Italy: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.3.1 Italy: Thermal Pallet Covers Market, by Application
8.3.3.4 UK: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.4.1 UK: Thermal Pallet Covers Market, by Application
8.3.3.5 Russia: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.5.1 Russia: Thermal Pallet Covers Market, by Application
8.3.3.6 Rest of Europe: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.3.3.6.1 Rest of Europe: Thermal Pallet Covers Market, by Application
8.4 Asia Pacific: Thermal Pallet Covers Market
8.4.1 Asia Pacific: Thermal Pallet Covers Market - Revenue and Forecast to 2028(USD Million)
8.4.2 Asia Pacific: Thermal Pallet Covers Market, by Application
8.4.3 Asia Pacific: Thermal Pallet Covers Market, by Key Country
8.4.3.1 Australia: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.1.1 Australia: Thermal Pallet Covers Market, by Application
8.4.3.2 China: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.2.1 China: Thermal Pallet Covers Market, by Application
8.4.3.3 Japan: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.3.1 Japan: Thermal Pallet Covers Market, by Application
8.4.3.4 India: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.4.1 India: Thermal Pallet Covers Market, by Application
8.4.3.5 South Korea: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.5.1 South Korea: Thermal Pallet Covers Market, by Application
8.4.3.6 Rest of Asia Pacific: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD Million)
8.4.3.6.1 Rest of Asia Pacific: Thermal Pallet Covers Market, by Application
8.5 MEA: Thermal Pallet Covers Market
8.5.1 MEA: Thermal Pallet Covers Market - Revenue and Forecast to 2028 (USD million)
8.5.2 MEA: Thermal Pallet Covers Market, by Application
8.5.3 MEA: Thermal Pallet Covers Market, by Key Country
8.5.3.1 South Africa: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.5.3.1.1 South Africa: Thermal Pallet Covers Market, by Application
8.5.3.2 Saudi Arabia: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.5.3.2.1 Saudi Arabia: Thermal Pallet Covers Market, by Application
8.5.3.3 UAE: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.5.3.3.1 UAE: Thermal Pallet Covers Market, by Application
8.5.3.4 Rest of MEA: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.5.3.4.1 Rest of MEA: Thermal Pallet Covers Market, by Application
8.6 South America: Thermal Pallet Covers Market
8.6.1 South America: Thermal Pallet Covers Market -Revenue and Forecast to 2028(USD million)
8.6.2 South America: Thermal Pallet Covers Market, by Application
8.6.3 South America: Thermal Pallet Covers Market, by Key Country
8.6.3.1 Brazil: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.6.3.1.1 Brazil: Thermal Pallet Covers Market, by Application
8.6.3.2 Argentina: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.6.3.2.1 Argentina: Thermal Pallet Covers Market, by Application
8.6.3.3 Rest of South America: Thermal Pallet Covers Market -Revenue and Forecast to 2028 (USD million)
8.6.3.3.1 Rest of South America: Thermal Pallet Covers Market, by Application

9. Impact of COVID-19 Pandemic on Global Thermal Pallet Covers Market

9.1 Overview
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.3 South America: Impact Assessment of COVID-19 Pandemic

10. Company Profiles

10.1 CargoWise Solutions Limited
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 QProducts & Services
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Insulated Products Corporation
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Protek Cargo
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Eceplast
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 PAC Worldwide Corporation
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 TP Solutions
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Ecocool
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Softbox Systems Ltd.
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Nordic Cold Chain Solutions
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments

11. Appendix

11.1 About the Publisher
11.2 Glossary of Terms
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • CargoWise Solutions Limited
  • QProducts & Services
  • Insulated Products Corporation
  • Protek Cargo
  • ECEPLAST
  • PAC Worldwide Corporation
  • TP Solutions
  • ECOCOOL
  • Softbox
  • Nordic Cold Chain Solutions
Note: Product cover images may vary from those shown
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