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The Mexico pallet market size reached a value of around USD 820.68 million in 2022. The market is expected to grow at a CAGR of 6.00% between 2023 and 2028, reaching a value of around USD 1167.34 million by 2028.
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A pallet is a flat, moveable, horizontal platform having a bottom deck and a superstructure attached. It is utilised in tertiary packaging to make it easier to transport and ship larger packages of commodities and materials with the use of various material handling tools including cranes, lift trucks, front loaders, and conveyors. A pallet is a lightweight, affordable framework that is also utilised for loading big items into trucks, ships, and aeroplanes with a forklift.
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Based on type, the market is divided into wood, plastic, metal, and corrugated paper. The market, on the basis of structural design, is segmented into block, and stringer, among others. On the basis of end use, the market is categorised into food and beverages, chemicals and pharmaceuticals, machinery and metal, and construction, among others. The regional markets for pallets in Mexico are divided into Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico pallet market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Plastic pallets are one of the fastest-growing pallet types in the Mexico pallet market. Companies aiming to reduce waste frequently choose this type of pallet since manufacturers can recycle them or melt and reform them into other production supplies. Plastic pallets are also increasingly popular and used more frequently since they can store items without running the risk of pests or termites.
Furthermore, plastic pallets are highly recommended in sectors like food and beverage, chemicals, and pharmaceuticals, among others, where there is a high risk of chemical contamination. Plastic pallets are strong, rigid constructions that give heavy items the mechanical stability they need to be handled safely and without losing any of their quality. To make moving items easier, plastic pallets are designed to be compatible with tools like forklifts, pallet jacks, and front loaders. Such factors are propelling the Mexico pallet market growth.
Food and beverages account for a significant Mexico pallet market share since pallets stabilise cans, bottles, boxes, and cartons while being transported and distributed. Meanwhile, in the growing pharmaceutical sector, pallets are increasingly being used for the transport of bulk medications and products with a long shelf-life.
In the chemical industry, pallets are widely used to transport a range of products in powder, granule, and liquid form. Pallets are used to load, unload, and transport chemicals, minerals, metals, and plastic polymers such as PET, PP, ABS, and others. The chemical industry frequently uses wooden pallets for export purposes because of their affordability and wide availability. However, chemical companies have started to use plastic pallets more and more in recent years due to its strength, sustainability, and hygienic properties, thus aiding the pallet market in Mexico.
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Pallet Desing & Suport de México, S.A. de C.V. (PD&S), headquartered in Jalisco, Mexico and founded in 2006 is a well-known pallet producer and collector. The company is committed to developing innovative pallet and packaging solutions to help various industries run more efficiently. Due to its dedication to the environment, PD&S provides full services for the collection, recycling, and production of packaging.
Ongweoweh Corp., founded in 1978 and headquartered in New York in the United States, is a Native American-owned pallet management business that offers supply chain optimisation programmes, recycling services, and procurement of pallets and packaging. Ongweoweh is committed to offering customers ongoing innovation and supply chain optimisation. Its products include new pallets, distribution packaging, and recycled pallets such as plastic and composites, among others.
PECO Pallet, established in 1997 with headquarters in Illinois, United States, offers excellent rental block pallets, attentive client care, and significant supply chain savings. Leading manufacturers utilise PECO's red wood block pallets to carry groceries and consumer goods to stores across the United States, Canada, and Mexico. PECO Pallet is dedicated to offering the best pallets and customer care, thoroughly checking, sorting, cleaning, and repairing pallets as they pass through a depot.
Other market players include Tarimex, NOVATEC PAGANI S.A. DE C.V., and Riteway Pallet Manufacturing Co., Inc., among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Structural Design||
|Breakup by End Use||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Pallet Market Overview
8.1 Key Industry Highlights
8.2 Latin America Pallet Historical Market (2018-2022)
8.3 Latin America Pallet Market Forecast (2023-2028)
9 Mexico Pallet Market Analysis
9.1 Key Industry Highlights
9.2 Mexico Pallet Historical Market (2018-2022)
9.3 Mexico Pallet Market Forecast (2023-2028)
10 Mexico Pallet Market by Type
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Corrugated Paper
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
11 Mexico Pallet Market by Structural Design
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
12 Mexico Pallet Market by End Use
12.1 Food and Beverages
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Chemicals and Pharmaceuticals
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Machinery and Metal
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4.1 Market Share
12.4.2 Historical Trend (2018-2022)
12.4.3 Forecast Trend (2023-2028)
13 Mexico Pallet Market by Region
13.1 Baja California
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 Northern Mexico
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 The Bajio
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 Central Mexico
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Pacific Coast
13.5.1 Market Share
13.5.2 Historical Trend (2018-2022)
13.5.3 Forecast Trend (2023-2028)
13.6 Yucatan Peninsula
13.6.1 Market Share
13.6.2 Historical Trend (2018-2022)
13.6.3 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.2 Pallet Desing & Suport de México, S.A. de C.V. (PD&S)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.3 Ongweoweh Corp.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.4 NOVATEC PAGANI S.A. DE C.V.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.5 PECO Pallet
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.6 Riteway Pallet Manufacturing Co., Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Pallet Market: Key Industry Highlights, 2018 and 2028
2. Mexico Pallet Historical Market: Breakup by Type (USD Million), 2018-2022
3. Mexico Pallet Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Mexico Pallet Historical Market: Breakup by Structural Design (USD Million), 2018-2022
5. Mexico Pallet Market Forecast: Breakup by Structural Design (USD Million), 2023-2028
6. Mexico Pallet Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Mexico Pallet Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Mexico Pallet Historical Market: Breakup by Region (USD Million), 2018-2022
9. Mexico Pallet Market Forecast: Breakup by Region (USD Million), 2023-2028
10. Mexico Pallet Market Structure
In 2022, the Mexico market for pallets attained a value of around USD 820.68 million.
The market is projected to grow at a CAGR of 6.00% between 2023 and 2028.
The is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1167.34 million by 2028.
The major drivers of the market include the growing need for transportation of bulk items, increasing sales of consumer goods, thriving e-commerce industry, and burgeoning chemical and pharmaceutical industries.
Growing use of recyclable and reusable plastic pallets, applications of pallets for transport of larger products, and increasing demand for large shipments of construction materials are the key trends propelling the growth of the market.
The major types of pallets in the market are wood, plastic, metal, and corrugated paper.
The major regions in the market are Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Pallets secure products as they move through the supply chain by absorbing shocks, supporting weight, and enabling easier movement by means of tools such as fork trucks.
The end uses of the pallet market in Mexico are food and beverages, chemicals and pharmaceuticals, machinery and metal, and construction, among others.
The major players in the Mexico pallet market are Tarimex, Pallet Desing & Suport de México, S.A. de C.V. (PD&S), Ongweoweh Corp., NOVATEC PAGANI S.A. DE C.V., PECO Pallet, and Riteway Pallet Manufacturing Co., Inc., among others.
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