Plastic Pallets Market to be Dominated by Chemical Industry through 2028
Growing demand from chemical industry is expected
to drive the Global Plastic Pallets Market in the forecast period, 2024-2028
According to TechSci Research
report, “Plastic Pallets Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the Global Plastic
Pallets market is anticipated to upsurge at an impressive rate in the forecast
period, 2024-2028. A significant factor fueling the
growth of the Global Plastic Pallets Market is
increasing demand from chemical industry due to its high durability, hygiene
and sustainability. In addition, easy handling of various powder, granules, and liquid-form chemical further
fuel the growth of Global Plastic Pallets market.
For instance, Cabka
Group manufactured Eco CP3, Eco CP7, Eco CP9 pallets, which are developed
specifically for the chemical industry.
Furthermore, the market is
being further stimulated by growing demand from pharmaceuticals, and food &
beverage sectors.
However, availability of
alternative packaging products can slow down the market growth. Also, high product
cost and sustainability issues can further slowdown the market growth.
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data Figures spread through XX Pages and an in-depth TOC on the "Global Plastic Pallets Market.”
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. High-Density Polyethylene is
expected to hold the largest market share in the forecast period, 2024-2028. This
is due to strong impact resistance along with robust solvent and corrosion
resistance.
Based on type, the market is categorized
into nestable, rackable, stackable, and others. Nestable segment is expected to hold
the largest market share in the forecast period, 2024-2028. This is due to the
fact that they occupy less space during return freight and are cost-efficient.
Based on end use, the market is fragmented into food & beverages, chemicals,
pharmaceuticals, and others.
Food & Beverages segment is expected to hold the largest market share in
the forecast period, 2024-2028. This is due to changing lifestyles,
convenience, and increased penetration of retail stores.
Major
companies operating in the global plastic pallets market are:
- 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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“Asia
Pacific region is expected to grow at the highest rate during the forecast
period due to rapid industrialization and the exponential growth of e-commerce.
Additionally, this region is the main manufacturing hub for the Trans-Pacific
Partnership Agreement which help to strengthen the region's trade and
manufacturing sectors, hence increasing the market growth. Furthermore, in North
America, increased demand from end-user industries, particularly domestic
supply chains are creating huge prospects for market growth during the forecast
period,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Plastic Pallets Market- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028, Segmented By Material (High-density Polyethylene,
Low-density Polyethylene, Others), By Type (Nestable, Rackable, Stackable,
Others), By End Use (Food and Beverages, Chemicals, Pharmaceuticals, Others),
By Region, and Competition,” has
evaluated the future growth potential of Global Plastic Pallets Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Plastic Pallets Market.
Contact
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New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
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