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Global Plastic Pallets Market: By Type: Nestable, Rackable, Stackable, Others; By Material: High-density Polypropylene (HDPE), Polypropylene (PP), Low-density Polypropylene (LDPE), Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Plastic Pallets Market Outlook
The global plastic pallets market attained USD 6.61 billion in 2020. The market is expected to grow at a CAGR of 5.6% in the forecast period of 2021-2026 to attain USD 9.33 billion by 2026.
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Rapid Growth of E-Commerce in Asia Pacific Region to Aid the Market Growth of Plastic Pallets
Asia Pacific dominated the market in 2020, accounting for a significant share of global sales, and is expected to grow at the highest CAGR in the forecast period. Rapid industrialisation in the region, as well as the rapid growth of e-commerce, are two main factors driving the market growth. North America was also a significant market for plastic pallets. Owing to the increased emphasis of the government on expanding their manufacturing sector through trade deals and the "Make in America" initiative, the US market is expected to expand significantly. Furthermore, in order to improve their brand image, businesses operating in the area are increasingly opting for sustainable business practises.
Plastic Pallets: Industry Definition and Segmentation
A pallet is a base or structure that allows items to be mechanically handled by a front loader, forklift, or jack, among other things. They're either made of wood or plastic. Pallets made of plastic are thus referred to as plastic pallets. These are extensively used in warehouses and for the storage of products from various industries.
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On the basis of type, the market is segregated into:
- Nestable
- Rackable
- Stackable
- Others
The market is divided in terms of material into:
- High-density Polypropylene (HDPE)
- Polypropylene (PP)
- Low-density Polypropylene (LDPE)
- Others
The market is segmented in terms of end use into:
- Food and Beverages
- Construction
- Pharmaceuticals
- Petroleum and Lubricants
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Various End Use Industries to Aid the Market Growth of Plastic Pallets Globally
The growing use of plastic pallets in a variety of industries, such as food, automotive, and chemical, for the logistics of diverse goods and equipment is fuelling market development, thanks to their longevity and light weight. Plastic pallets are now growing in popularity due to the introduction of technologies such as radio-frequency identification (RFID) in plastic pallets, which helps users to detect and locate items across the supply chain. Furthermore, rising R&D activities in the logistics sector, along with technical advances, are expected to generate future opportunities over the forecast period. Furthermore, the growth of the e-commerce sector and the growth of the medical industry is expected to drive market growth in the forecast period as well.
Key Industry Players in the Global Plastic Pallets Market
The report gives a detailed analysis of the following key players in the global plastic pallets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Orbis Corporation
- Monoflo International Inc.
- CABKA Group
- Greystone Logistics, Inc
- Nefab Group
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Material, End Use, Region |
| Breakup by Type | Nestable, Rackable, Stackable, Others |
| Breakup by Material | High-density Polypropylene (HDPE), Polypropylene (PP), Low-density Polypropylene (LDPE), Others |
| Breakup by End Use | Food and Beverages, Construction, Pharmaceuticals, Petroleum and Lubricants, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Orbis Corporation, Monoflo International Inc., CABKA Group, Greystone Logistics, Inc, Nefab Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
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 Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Plastic Pallets Market Analysis
8.1 Key Industry Highlights
8.2 Global Plastic Pallets Historical Market (2016-2020)
8.3 Global Plastic Pallets Market Forecast (2021-2026)
8.4 Global Plastic Pallets Market by Type
8.4.1 Nestable
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Rackable
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Stackable
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Others
8.5 Global Plastic Pallets Market by Material
8.5.1 High-density Polypropylene (HDPE)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Polypropylene (PP)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Low-density Polypropylene (LDPE)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Plastic Pallets Market by End Use
8.6.1 Food and Beverages
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Pharmaceuticals
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Petroleum and Lubricants
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Others
8.7 Global Plastic Pallets Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Orbis Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Monoflo International Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 CABKA Group
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Greystone Logistics, Inc
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Nefab Group
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Plastic Pallets Market: Key Industry Highlights, 2016 and 2026
2. Global Plastic Pallets Historical Market: Breakup by Type (USD Million), 2016-2020
3. Global Plastic Pallets Market Forecast: Breakup by Type (USD Million), 2021-2026
4. Global Plastic Pallets Historical Market: Breakup by Material (USD Million), 2016-2020
5. Global Plastic Pallets Market Forecast: Breakup by Material (USD Million), 2021-2026
6. Global Plastic Pallets Historical Market: Breakup by End Use (USD Million), 2016-2020
7. Global Plastic Pallets Market Forecast: Breakup by End Use (USD Million), 2021-2026
8. Global Plastic Pallets Historical Market: Breakup by Region (USD Million), 2016-2020
9. Global Plastic Pallets Market Forecast: Breakup by Region (USD Million), 2021-2026
10. North America Plastic Pallets Historical Market: Breakup by Country (USD Million), 2016-2020
11. North America Plastic Pallets Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Europe Plastic Pallets Historical Market: Breakup by Country (USD Million), 2016-2020
13. Europe Plastic Pallets Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Asia Pacific Plastic Pallets Historical Market: Breakup by Country (USD Million), 2016-2020
15. Asia Pacific Plastic Pallets Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Latin America Plastic Pallets Historical Market: Breakup by Country (USD Million), 2016-2020
17. Latin America Plastic Pallets Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Middle East and Africa Plastic Pallets Historical Market: Breakup by Country (USD Million), 2016-2020
19. Middle East and Africa Plastic Pallets Market Forecast: Breakup by Country (USD Million), 2021-2026
20. Tube Packaging Market Structure
Key Questions Answered in the Report
The global plastic pallets market attained a value of nearly USD 6.61 billion in 2020.
The market is projected to grow at a CAGR of 5.6% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 9.33 billion by 2026.
The major drivers of the industry include growing population, rapid industrialisation in the region, growing use of plastic pallets in a variety of industries, such as food, automotive, and chemical, for the logistics of diverse goods and equipment.
The rapid growth of e-commerce is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of plastic pallets available are nestable, rackable and stackable, amongst others.
Plastic pallets uses materials like high-density polypropylene (HDPE), polypropylene (PP) and low-density polypropylene (LDPE), amongst others.
Plastic pallets can have different end-uses like food and beverages, construction, pharmaceuticals, and petroleum and lubricants, amongst others.
The leading players in this market are Orbis Corporation, Monoflo International Inc., CABKA Group, Greystone Logistics, Inc, and Nefab Group, amongst others.
Analyst Review
The global plastic pallets market attained a value of USD 6.61 billion in 2020, driven by the rapid industrialisation in the region, as well as the rapid growth of e-commerce. Aided by the growing use of plastic pallets in a variety of industries, such as food, automotive, and chemical, for the logistics of diverse goods and equipment, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.6%. The market is projected to reach USD 9.33 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the plastic pallets market can be segmented into nestable, rackable and stackable, amongst others. By material, the industry can be divided into high-density polypropylene (HDPE), polypropylene (PP) and low-density polypropylene (LDPE), amongst others. Plastic pallets can have different end-uses like food and beverages, construction, pharmaceuticals, and petroleum and lubricants, amongst others. The major regional markets for plastic pallets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Orbis Corporation, Monoflo International Inc., CABKA Group, Greystone Logistics, Inc, and Nefab Group, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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