According to a new market report published by Credence Research Global Plastic Pallets Market By Application (Food Industry, Medical Industry, Chemical Industry, Manufacturing Industry) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024, the Global Plastic Pallets Market is expected to reach US$ 17.5 Bn by 2024, expanding at a CAGR of 7.2% during the forecast period 2016 – 2024.
Market Insights
Plastic pallets market is expected to witness robust growth with increasing international trade of various products from various industries including food, manufacturing, chemical, medical and others. Pallets are used to stack the products to avoid damage to the products during transit. Traditionally, wooden pallets were used for the purpose of transportation. However, with emergence of plastic pallets due to their durability and resistant to damage, manufacturers and distributors are preferring plastic pallets for shipments as they are 30% to 40% lighter and durable than wood.
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This in turn helping in reducing wear and tear on equipment during transportation. Moreover, plastic pallets are lighter in weight, which helps in reducing the cost of shipment cost nearly about 45%. Furthermore, proper utilization of plastic pallets also helps to minimize costs with respect to floor space, load weight, labor and sanitization, and helps in cutting the shipment expenditures and saving time. Also, factors such as decrease in product breakage due to pallet damage, drop in cleaning expenses, decline of repacking costs and problem-free disposable system significantly contributes to the growing applications of plastic pallets in the logistics section of various industries such as, grocery, automotive and pharmaceuticals. Thus, plastic pallets market is projected to witness high growth during the forecast period (2017-2025).
Competitive Insights:
Global plastic pallets market is segmented on the basis of application and geography. By application, food industry segment was the most dominant segment in global plastic pallets market in 2016 and anticipated to continue its dominance over the forecast period. Increasing international trade of food products especially packaged food is projected to drive the growth of the segment over the forecast period. On the basis of geography, Asia Pacific was estimated to be the largest market for plastic pallets in 2016 and projected to maintain its dominance during the forecast period. Rapid industrial development in the region especially in China is anticipated to drive the growth of the segment during the forecast period. Major players in global plastic pallets market are investing in research and development, merger and acquisition with focus on increasing market penetration.
Overall, global plastic pallets market is anticipated to register high growth over the forecast period (2017-2025).
Key Trends:
– Merger & Acquisition
– Investment in R&D
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Table of Content
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Plastic Pallets Market Snapshot
2.1.1. Global Plastic Pallets Market, by Application, 2016
2.1.2. Global Plastic Pallets Market, by Geography, 2016
2.1.3. Key Players
2.1.4. Drivers, Restrains & Future Prospects
3. Global Plastic Pallets Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Global Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry
4. Global Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
4.1. Overview
4.1.1. Market Share Analysis by Application, 2015 vs. 2024
4.1.2. Attractive Investment Proposition by Application
4.2. Food Industry
4.3. Medical Industry
4.4. Chemical Industry
4.5. Manufacturing Industry
4.6. Others
5. Global Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Geography, 2014 – 2024
5.1. Overview
5.1.1. Market Share Analysis by Geography, 2015 vs. 2024
5.1.2. Attractive Investment Proposition by Geography
5.2. North America Plastic Pallets Market Analysis, 2014 – 2024
5.2.1. North America Plastic Pallets Market Overview
5.2.1.1. North America Market Size & Forecast (Mn Units) (US$ Mn), 2015 – 2025
5.2.1.2. North America Market Attractive Investment Proposition, by Country
5.2.1.3. North America Market Attractive Investment Proposition, by Application
5.2.2. North America Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Country, 2014 – 2024
5.2.2.1. U.S.
5.2.2.2. Canada
5.2.3. North America Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
5.2.3.1. Food Industry
5.2.3.2. Medical Industry
5.2.3.3. Chemical Industry
5.2.3.4. Manufacturing Industry
5.2.3.5. Others
5.3. Europe Plastic Pallets Market Analysis, 2014 – 2024
5.3.1. Europe Plastic Pallets Market Overview
5.3.1.1. Europe Market Size & Forecast (Mn Units) (US$ Mn), 2015 – 2025
5.3.1.2. Europe Market Attractive Investment Proposition, by Country
5.3.1.3. Europe Market Attractive Investment Proposition, by Application
5.3.2. Europe Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Country, 2014 – 2024
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Italy
5.3.2.4. France
5.3.2.5. Rest of Europe
5.3.3. Europe Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
5.3.3.1. Food Industry
5.3.3.2. Medical Industry
5.3.3.3. Chemical Industry
5.3.3.4. Manufacturing Industry
5.3.3.5. Others
5.4. Asia Pacific Plastic Pallets Market Analysis , 2014 – 2024
5.4.1. Asia Pacific Plastic Pallets Market Overview
5.4.1.1. Asia Pacific Market Size & Forecast (Mn Units) (US$ Mn), 2015 – 2025
5.4.1.2. Asia Pacific Market Attractive Investment Proposition, by Country
5.4.1.3. Asia Pacific Market Attractive Investment Proposition, by Application
5.4.2. Asia Pacific Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Country, 2014 – 2024
5.4.2.1. China
5.4.2.2. Japan
5.4.2.3. India
5.4.2.4. Rest of Asia Pacific
5.4.3. Asia Pacific Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
5.4.3.1. Food Industry
5.4.3.2. Medical Industry
5.4.3.3. Chemical Industry
5.4.3.4. Manufacturing Industry
5.4.3.5. Others
5.5. Latin America Plastic Pallets Market Analysis , 2014 – 2024
5.5.1. Latin America Plastic Pallets Market Overview
5.5.1.1. Latin America Market Size & Forecast (Mn Units) (US$ Mn), 2015 – 2025
5.5.1.2. Latin America Market Attractive Investment Proposition, by Country
5.5.1.3. Latin America Market Attractive Investment Proposition, by Application
5.5.2. Latin America Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Country, 2014 – 2024
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.5.3. Latin America Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
5.5.3.1. Food Industry
5.5.3.2. Medical Industry
5.5.3.3. Chemical Industry
5.5.3.4. Manufacturing Industry
5.5.3.5. Others
5.6. Middle East & Africa (MEA) Plastic Pallets Market Analysis , 2014 – 2024
5.6.1. MEA Plastic Pallets Market Overview
5.6.1.1. MEA Market Size & Forecast (Mn Units) (US$ Mn), 2015 – 2025
5.6.1.2. MEA Market Attractive Investment Proposition, by Region
5.6.1.3. MEA Market Attractive Investment Proposition, by Application
5.6.2. MEA Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Region, 2014 – 2024
5.6.2.1. GCC
5.6.2.2. Rest of MEA
5.6.3. MEA Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
5.6.3.1. Food Industry
5.6.3.2. Medical Industry
5.6.3.3. Chemical Industry
5.6.3.4. Manufacturing Industry
5.6.3.5. Others
6. Company Profiles
6.1. Competitive Dashboard
6.2. Key Players
6.2.1. Brambles Ltd
6.2.1.1. Business Description
6.2.1.2. Financial Information*
6.2.1.3. Product Portfolio
6.2.1.4. Key Developments/ Business Strategies
6.2.1.5. SWOT Analysis
6.2.2. LOSCAM
6.2.3. ORBIS Corporation
6.2.4. Rehrig Pacific Company, Inc
6.2.5. Schoeller Allibert Services B.V.
6.2.6. CABKA Group
6.2.7. Buckhorn Inc.
6.2.8. The Craemer Group
6.2.9. Euro Pool System International B.V.
6.2.10. Falkenhahn AG
6.2.11. Greystone Logistics
6.2.12. Other Notable Players
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