Plastic Pallet Market, by Product Type (Lumber Plastic, and Molded Plastic), by Pallet Type (Nestable, Rackable, and Stackable), by End-use Industry (Food & Beverage, Pharmaceuticals, Chemicals, Machinery, Construction, and Others), and by Region (Latin America, North America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

A pallet is a type of platform for transportation and storage of goods. It can be used as a material for storing, sorting and assembling goods in warehouses, as well as in manufacturing units, which are then lifted by jacking devices such as cranes or pallet jacks, forklifts, and front loaders. Pallets are used in various manufacturing industries for material handling activities and are considered to be an inexpensive way of handling goods.

Market Dynamics:-

The growing housing and construction sector coupled with increasing manufacturing unit is expected to fuel growth of the plastic pallet market. Among product type, lumber plastic is a type of plastic which is manufactured from either recycled or non-recycled plastic. Unlike wood composites, lumber plastic is 100% plastic. The product has certain advantages over wood and wood composites which include high impact resistance, durability, moisture resistance, resistance to fungal contamination, and others. They can be used for applications such as food & beverages, pharmaceuticals, and chemicals among others.

According to International Trade Association, China is the second largest pharmaceutical market worldwide, and it was valued at US$ 108 billion in 2015, and is expected to reach US$ 167 billion by 2020, witnessing a CAGR of 9.1%. Moreover, China's total healthcare expenditure including public and private is expected to reach US$ 1.1 trillion by 2020 from US$ 640 billion in 2015.

Market Outlook:-

Rising the import and export of food & beverage along with pharmaceuticals has further boosted the need for durable and reliable product storing materials, thus, fueling demand for plastic pallets. Factors such as light weight, durability, less labor requirement, and low-cost in terms of floor space, is projected to become the fastest growing material segment among other materials, globally.

Asia Pacific holds dominant position in plastic pallet market owing to increasing population and rise in disposal income of the consumers. According to the China-Britain Business Council, China is the world's largest consumer market for food and beverage products. The import of food & beverages products from Spain to China increased by 48%, and 11% from France in 2015, as a result of rising disposable income in the region. Therefore, significant increase in demand of food and beverage products is expected to drive the plastic pallet market in Asia Pacific region during the forecast period.

Furthermore, plastic pallet increase risks to the environment, as various toxic plastic components and harmful chemicals are transferred from the pallet to the product. Since, plastic pallet raise numerous environmental concerns, as they are not biodegradable it is expected to adversely affect the market growth. On the other hand the increasing demand of disposal plastic pallet gives numerous opportunities to the manufacturers.

However, the wide availability of substitute products such as wood, metal, and paper pallets is predicted to hinder the growth of the plastic pallet market over the forecast period.

Key Players:-

Major players operating in the global plastic pallet market include, Inc., CTC Plastics, Greiner Assistec, Cabka North America, Purus Plastics GmbH, Plastic Products, Inc., Brambles Limited, Rehrig Pacific, Enlightening Pallet Industry Co., Ltd., Schoeller Alliber, SDI Packaging, Agrico Plastics Ltd., Bulk-Flow Company, Goplastic Pallet, and others.

Market Taxonomy:-

On the basis of product type, the global plastic pallet market is segmented into:

  • Lumber Plastic
  • Molded Plastic

On the basis of pallet type, the global plastic pallet market is segmented into:

  • Nestable
  • Rackable
  • Stackable

On the basis of end-use Industry, the global plastic pallet market is segmented into:

  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Machinery
  • Construction
  • Others

On the basis of region, the global plastic pallet market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Latin America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East
    • Gulf Cooperation Council (GCC)
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • South Africa
    • Central Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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