Acumen Research and Consulting estimates that Global Pallets Packaging Market is expected to reach the market value of around US$ 1,258 Mn by 2026 and is anticipated to grow at a CAGR of around 5.2% in terms of revenue during the forecasting period 2019 – 2026.
Packaging is an important part of the worldwide industries such as e-commerce, shipping etc. and its demand increased over the last decade. Increasing trend has led to a range of packaging developments that have enhanced the quality and performance of the packaging. There has also been a change in the use of material for packaging. In most sectors, the transition from rigid to flexible packaging is now a standard and pallets packaging are the most common examples of it. Pallet is a type of packaging designed primarily for shipping and transport purposes. These are designed primarily for securing, maintaining and moving equipment such as conveyors, forklifts and pallet jacks. It is one of the cornerstones of tertiary packaging for the products in the supply chain.
The report provides analysis of global Pallets Packaging market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
A large competition, which is the key force on the global pallet packaging market, can be seen in global growth in the consumerism and food & drink industry. The pallet packaging market is therefore projected to grow at a good CAGR amid the forecast period. Another factor which boosts the pallet packaging market is e-commerce which needs large warehouse and pallet packaging are preferred. Besides, the rise in poultry consumption and corresponding increase in poultry drive the demand of the industry in pallet packaging as it is widely used for shipping purposes. Despite these considerations, some of the causes that may hinder the growth of the pallet industry are friendly oncoming options, such as octabins, which can be viewed as environmentally sustainable wood alternatives.
Asia Pacific is expected to govern the global pallet packaging market with the development of wooden and plastic pallets for the import and export of products. Countries like India and China will have a fair probability of rising over the projected period. The pallet packaging industry has a large share in North America led by the US.. Boards and pallets of plastic and wood are made and shipped into the United States directly. The demand for pallet packaging sits parallel to the demand in Western Europe and Eastern Europe. The demand for pallet packaging in those regions will equally improve with the rise in production and investment in Middle East & Africa and Latin America.
The market research study on “Pallets Packaging Market (By Material: Composite Wood, Wood, Plastic, Metal, Paper; Pallets Packaging Market By Application: F&B, Pharmaceuticals, Retail, Manufacturing, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global Pallets Packaging market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global Pallets Packaging market, its technology, mounting, connectivity, end use, and major geographic regions. The report covers global Pallets Packaging market size, and segment markets by technology, mounting, connectivity, end use, and geography along with the information on companies operating in the market. The Pallets Packaging market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Pallets Packaging market is segmented as below:
Pallets Packaging Market By Material
Pallets Packaging Market By Application
Pallets Packaging Market By Geography
Middle East & Africa
The global pallet packaging industry is very competitive, with key players taking different approaches to raise their presence on the global pallet packaging industry, such as introduction of new products, extensions, joint ventures, collaborations, acquisitions and others.
Major players include in this report are LOSCAM., Schoeller Allibert, Brambles Ltd, PECO Pallet, Rehrig Pacific Company, CABKA Group, Litco International, Inc., Spruce Impex Private Limited, Totre Industries., and Others.
2019, Svenska Retursystem launched its latest half, a mix of end-of-life SRS and virgin resin. Together with Intelligent Packaging Community IPG this new half Pallet is developed. The modern pallet is made from recycled materials and is durable and resistant of stress. The latest pallet has 150 rotations of lifetime.
The market value of pallets packaging is anticipated to be around US$ 1,258 Mn in 2026.
It is anticipated to grow over 5.2% CAGR amid the forecast period.
Asia Pacific held maximum share in 2018 led by the China.
North America is projected to grow at a fast pace during forecast period.
Due to the Increasing urbanization and industrialization
The pallets packaging market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Major players of pallets packaging market include in this report are LOSCAM., Schoeller Allibert, Brambles Ltd, PECO Pallet, Rehrig Pacific Company, CABKA Group, Litco International, Inc., Spruce Impex Private Limited, Totre Industries., and Others.