The latest report on “Plastic Pallets Market (Material Type – HDPE (High-density Polyethylene), and PP (Polypropylene)): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global plastic pallets market is projected to grow at a CAGR of 7.8% over the forecast period of 2019-2025.
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Plastic pallets are used for lighter manufacturing goods and are widely used in the industrial sector. Plastic pallets are extensively used in food and beverage, grocery, pharmaceutical, and e-commerce industries for several processes. The plastic pallets market is expected to grow during the forecast period.
Rising Usage of Palletized Storage and Transportation are the Major Drivers for the Growth of the Plastic Pallets Market
The rising usage of palletized storage and transportation are the major drivers for the growth of the plastic pallets market across the globe. Growing demand for safe and hygienic pallets is one of the key factors for the growth of the market. Features such as hygienic, non-porous, easily sanitized, and ease of using for safe movement and storage of products, drive the increased use of plastic pallets.
Furthermore, the growing need for the reduction of carbon footprint is going to be one of the key trends in the plastic pallet industry that will gain the growth of the market over the upcoming years. Moreover, the increase in popularity and demand for plastic pallets creates an opportunity for the growth of the global market in the next few years.
North America Holds the Maximum Market Share and is Expected to Dominate the Global Plastic Pallets Market
In terms of region, the plastic pallets market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Among all, North America holds the maximum market share and is expected to dominate the global plastic pallets market during the forecast period. This is primarily due to the improvements in transport and logistics activities along with supply chain and storage.
Europe market is expected to hold the second position in the plastic pallets market over the forecast period. Moreover, Asia-Pacific is projected to grow at a beneficial rate during the forecast period. This is mainly due to the strong manufacturing sectors in India and China. In addition, outsourcing of the manufacturing capabilities of several global companies to India has also given a push to the growth of the plastic pallets market in the Asia-Pacific.
The report on global plastic pallets market covers segments such as material type. On the basis of material type, the sub-markets include HDPE (high-density polyethylene), and PP (polypropylene).
The report provides profiles of the companies in the market such as SchoellerAllibert, Brambles Limited, Rehrig Pacific Company, ORBIS Corporation, CHEP, CABKA Group, LOSCAM, Litco International, Inc., Craemer Group, and Kamps Pallets, Inc.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the plastic pallets.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.