Plastic Pallet Market
Rapid industrialization, and awareness about the benefits of plastic such as durability, strength, lightweight, and weather resistance are expected to expand consumer demand for plastic pallets. As a result, the plastic pallets market is expected to witness significant growth during the forecast period.
Market Dynamics
Key players are focusing on developing new products, in order to expand their consumer base and strengthen their market presence. For instance, in November 2016, Smart Flow Europe NV, a Belgium-based manufacturer of plastic pallets, presented its new SF800 MNR pallet at the 'All4Pack Packaging & Handling' trade fair held in Paris Nord Villepinte, France. The new plastic pallets have soles and interlocking designs. According to the company, the SF800 MNR pallet is the first monoblock pallet introduced to the market which is nestable and has three soles.
The three soles of the pallet offer better stability and therefore evenly distribute the load, which doubles the loading capacity of trucks, and thus reduces transport flows. The SF800 MNR pallet is lightweight (11 kg) and therefore easy to handle. Moreover, the pallet is robust as it can support a load of 1000 kg, and up to 350 kg of rack load.
However, the increasing availability of substitutes is expected to hamper the growth of the Plastic Pallets Market over the forecast period. For instance, pallets are traditionally made from wood. Wood pallets are considered as environmentally friendly as they are biodegradable in contrast to plastic pallets, which are non-biodegradable, and can cause plastic pollution. Moreover, plastic pallets release toxic gases when burned. Pallets can also be manufactured from a variety of other materials such as metal, cardboard, paperboard, and other composite materials. Moreover, in the case of plastic pallets, it is difficult to make their prototypes.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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