A recent report published by Infinium Global Research on plastic pallets market provides in-depth analysis of segments and sub-segments in the global as well as regional plastic pallets market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional plastic pallets market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global plastic pallets market. According to the report, the global plastic pallets market is projected to grow at a CAGR of 7.8% over the forecast period of 2019-2025.
Plastic pallets are used for lighter manufacturing goods and are widely used in the industrial sector. Plastic pallets are extensively used in food and beverage, grocery, pharmaceutical, and e-commerce industries for several processes. The plastic pallets market is expected to grow during the forecast period.
The rising usage of palletized storage and transportation are the major drivers for the growth of the plastic pallets market across the globe. Growing demand for safe and hygienic pallets is one of the key factors for the growth of the market. Features such as hygienic, non-porous, easily sanitized, and ease of using for safe movement and storage of products, drive the increased use of plastic pallets. Furthermore, the growing need for the reduction of carbon footprint is going to be one of the key trends in the plastic pallet industry that will gain the growth of the market over the upcoming years. Moreover, the increase in popularity and demand for plastic pallets creates an opportunity for the growth of the global market in the next few years.
In terms of region, the plastic pallets market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Among all, North America holds the maximum market share and is expected to dominate the global plastic pallets market during the forecast period. This is primarily due to the improvements in transport and logistics activities along with supply chain and storage. Europe market is expected to hold the second position in the plastic pallets market over the forecast period. Moreover, Asia-Pacific is projected to grow at a beneficial rate during the forecast period. This is mainly due to the strong manufacturing sectors in India and China. In addition, outsourcing of the manufacturing capabilities of several global companies to India has also given a push to the growth of the plastic pallets market in the Asia-Pacific.
The report on global plastic pallets market covers segments such as material type. On the basis of material type, the sub-markets include HDPE (high-density polyethylene), and PP (polypropylene).
The report provides profiles of the companies in the market such as Schoeller Allibert, Brambles Limited, Rehrig Pacific Company, ORBIS Corporation, CHEP, CABKA Group, LOSCAM, Litco International, Inc., Craemer Group, and Kamps Pallets, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of plastic pallets market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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