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Plastic Pallets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material, By Type, By End Use, By Region, and Competition

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  • 117 Pages
  • July 2023
  • Region: Global
  • TechSci Research
  • ID: 5852340
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Global Plastic Pallets Market is Anticipated to Grow Significantly Through 2028 due to Increasing Demand from the Pharmaceuticals Industry. in 2021, the Total Value of the Pharmaceutical Sector in the United States Was Around USD 2.8 Trillion

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Global Plastic Pallets Market is anticipated to grow significantly through 2028 due to increasing demand from the pharmaceuticals industry. In 2021, the total value of the pharmaceutical sector in the United States was around USD 2.8 trillion.

Increasing demand in warehouses for storing finished products and raw materials conveniently and effectively handling in industries such as food and beverage (F&B), textile, chemical, and pharmaceutical, along with that demand for commercial buildings and residential structures, is likely to enhance construction activity, which is expected to fuel the expansion of the Global Plastic Pallets Market in the forecast period.

Rising Demand from Pharmaceuticals Sector

In the pharmaceutical sector, product hygiene for material handling and packaging is crucial. Due to their difficulty in cleaning and ability to house germs and fungus, wooden pallets have a danger of contamination. However, plastic pallets are a great option for material handling in the pharmaceutical business because of their excellent chemical resistance and lack of contamination. Due to rising rates of chronic illnesses, and greater health consciousness, the global pharmaceutical business has been expanding at a rapid rate. This is likely to increase the demand for plastic pallets. In addition, increasing generic drug production is predicted to boost plastic pallets demand in the projected period.

For instance, in 2022, Shongai Packaging Industry Limited installed another production plant for its plastic pallet to meet its local and export demands.

Growing Demand across the End User Industry Sectors

Due to their durability and simple production procedures, wooden pallets have been utilized for the past years, but at the other end, they have a lot of drawbacks, including a propensity to absorb moisture, issues with hygiene, and a propensity to splinter and shatter easily. To stop the spread of insects and illnesses, the wooden pallets must go by International Standards for Phytosanitary Measures No. 15 (ISPM 15). Due to its advantages over wooden pallets, such as being lighter and more environmentally friendly, logistics and shipping industries are now relying more on plastic pallets, which will support the growth of the Global Plastic Pallets market in the forecast years.

For instance, in order to provide lightweight products in a variety of industries, including the pharmaceutical and food, and beverage industries, CHEP has utilized innovative technology to produce plastic pallets.

High-Density Polyethylene (HDPE) will be the Key Material.

HDPE pallets are popular among end-user firms because they are simple to maintain and offer great impact resistance, as well as solid solvent and corrosion resistance. Furthermore, when handled roughly by trucks and other material-handling equipment, HDPE pallets experience almost no damage. Additionally, HDPE pallets have strong chemical and weather resistance, which makes them appropriate for use in food and pharmaceutical industries.

For instance, according to Solar Builder Magazine, in 2022, BayWa r.e. has partnered with PVpallet to distribute its reusable solar module shipping solution.

Therefore, the growing demand for HDPE plastic pallets will lead to the growth of Global Plastic Pallets Market in the upcoming years.

Recent Developments

  • In March 2022, Cabka Group GmbH, and Dutch Star Companies TWO B.V. ("DSCT"), signed an agreement on forming a business combination to list as Cabka N.V.
  • Greystone Logistics, Inc. received a USD 13.5 million purchase order to provide 100% recycled 48x40 plastic shipping pallets to all country retailers from their US warehouse distribution centers in January 2022.
  • In January 2022, Tritz Pallet was purchased by Kamps Inc., a pallet recycler and supplier to provide pallet recycling and full-service pallet solutions.
  • In October 2019, United States Department of Agriculture's Agricultural Research Service (ARS) and Western Regional Research Center created Plastic Pallets With Almond Shells.

Market Segmentation

Global Plastic Pallets Market is segmented based on material, type, end-use, region and competitive landscape. Based on material, the market is split into high-density polyethylene, low-density polyethylene, and others. Based on type, the market is categorized into nestable, rackable, stackable, and others. Based on end use, the market is fragmented into food and beverages, chemicals, pharmaceuticals, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

ORBIS Corporation, STOK Emballage K/S, Rehrig Pacific Company, Monoflo International, Greystone Logistics Inc, Cabka Group GmbH, TMF Corporation, Polymer Solutions International, Inc., TranPak Inc., Allied Plastics Inc. are some of the key players of Global Plastic Pallets Market.

Report Scope:

In this report, global plastic pallets market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Plastic Pallets Market, By Material:

  • High-density Polyethylene
  • Low-density Polyethylene
  • Others

Plastic Pallets Market, By Type:

  • Nestable
  • Rackable
  • Stackable
  • Others

Plastic Pallets Market, By End Use:

  • Food and Beverages
  • Chemicals
  • Pharmaceuticals
  • Others

Plastic Pallets Market, By Region:

  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in The Global Plastic Pallets Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Plastic Pallets Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Material (High-density Polyethylene, Low-density Polyethylene, Others)
5.2.2. By Type (Nestable, Rackable, Stackable, Others)
5.2.3. By End Use (Food and Beverages, Chemicals, Pharmaceuticals, Others)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Material
5.3.2. By Type
5.3.3. By End Use
5.3.4. By Region
6. North America Plastic Pallets Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Material
6.2.2. By Type
6.2.3. By End Use
6.2.4. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Plastic Pallets Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Material
6.4.1.2.2. By Type
6.4.1.2.3. By End Use
6.4.2. Mexico Plastic Pallets Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Material
6.4.2.2.2. By Type
6.4.2.2.3. By End Use
6.4.3. Canada Plastic Pallets Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Material
6.4.3.2.2. By Type
6.4.3.2.3. By End Use
7. Europe Plastic Pallets Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Material
7.2.2. By Type
7.2.3. By End Use
7.2.4. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Plastic Pallets Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Material
7.4.1.2.2. By Type
7.4.1.2.3. By End Use
7.4.2. Germany Plastic Pallets Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Material
7.4.2.2.2. By Type
7.4.2.2.3. By End Use
7.4.3. United Kingdom Plastic Pallets Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Material
7.4.3.2.2. By Type
7.4.3.2.3. By End Use
7.4.4. Spain Plastic Pallets Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Material
7.4.4.2.2. By Type
7.4.4.2.3. By Distribution Channel
7.4.4.2.4. By End Use
7.4.5. Italy Plastic Pallets Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Material
7.4.5.2.2. By Type
7.4.5.2.3. By End Use
8. Asia-Pacific Plastic Pallets Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Material
8.2.2. By Type
8.2.3. By End Use
8.2.4. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Plastic Pallets Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Material
8.4.1.2.2. By Type
8.4.1.2.3. By End Use
8.4.2. India Plastic Pallets Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Material
8.4.2.2.2. By Type
8.4.2.2.3. By End Use
8.4.3. South Korea Plastic Pallets Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Material
8.4.3.2.2. By Type
8.4.3.2.3. By End Use
8.4.4. Japan Plastic Pallets Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Material
8.4.4.2.2. By Type
8.4.4.2.3. By End Use
8.4.5. Australia Plastic Pallets Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Material
8.4.5.2.2. By Type
8.4.5.2.3. By End Use
9. South America Plastic Pallets Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Material
9.2.2. By Type
9.2.3. By End Use
9.2.4. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Plastic Pallets Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Material
9.4.1.2.2. By Type
9.4.1.2.3. By End Use
9.4.2. Argentina Plastic Pallets Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Material
9.4.2.2.2. By Type
9.4.2.2.3. By End Use
10. Middle East and Africa Plastic Pallets Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Material
10.2.2. By Type
10.2.3. By End Use
10.2.4. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Plastic Pallets Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Material
10.4.1.2.2. By Type
10.4.1.2.3. By End Use
10.4.2. Saudi Arabia Plastic Pallets Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Material
10.4.2.2.2. By Type
10.4.2.2.3. By End Use
10.4.3. UAE Plastic Pallets Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Material
10.4.3.2.2. By Type
10.4.3.2.3. By End Use
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing demand for Sustainable Packaging
11.1.2. Rising demand from the pharmaceuticals industry
11.1.3. Growing consumption of Eggs and Fresh Fruits
11.2. Challenges
11.2.1. Availability of alternative packaging products
11.2.2. High Product Cost and Sustainability Issues
12. Market Trends & Developments
12.1. Product Launches
12.2. Mergers & Acquisitions
12.3. Technological Advancements
13. Global Plastic Pallets Market: SWOT Analysis
14. Porter’s Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Business Overview
15.2. Product Offerings
15.3. Recent Developments
15.4. Financials (In Case of Listed Companies)
15.5. Key Personnel
15.6. SWOT Analysis
15.6.1. ORBIS Corporation
15.6.2. STOK Emballage K/S
15.6.3. Rehrig Pacific Company
15.6.4. Monoflo International
15.6.5. Greystone Logistics Inc
15.6.6. Cabka Group GmbH
15.6.7. TMF Corporation
15.6.8. Polymer Solutions International, Inc.
15.6.9. TranPak Inc.
15.6.10. Allied Plastics Inc.
16. Strategic Recommendations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ORBIS Corporation
  • STOK Emballage K/S
  • Rehrig Pacific Company
  • Monoflo International
  • Greystone Logistics Inc
  • Cabka Group GmbH
  • TMF Corporation
  • Polymer Solutions International, Inc.
  • TranPak Inc.
  • Allied Plastics Inc.

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