Pallet is a type of packaging which is specially designed for transportation and shipping purposes. They are specially designed to protect, store and transport material which is handled by equipment like conveyers, forklifts and pallet jackets. It is a part of tertiary packaging and is used as a base for the goods in the supply chain. They are usually made of the materials like wood, plastic, paper, metal etc. Increasing urbanization and industrialization is the major factor for the growth of this market.
Global Pallets Packaging Market is expected to rise from its initial estimated value of USD 6.98 billion in 2018 to an estimated value of USD 10.28 billion by 2026, registering a CAGR of 4.97% in the forecast period of 2019-2026. The Geography Areas Covered in this Report: North America ( U.S., Canada, Mexico) South America( Brazil, Rest of South America) Europe(Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Asia-Pacific, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific) Middle East & Africa (South Africa, Rest of Middle East & Africa)
The report provides a summary of the Pallets Packaging market. It helps plan the composition of the Pallets Packaging market and completes analyzes with the key business resources and key actors based on type and applications. This report recognizes the latest improvements to the Pallets Packaging market, shares and systems. The Pallets Packaging market is growing and the Abc industry joins it in the forecast years 2019-2026.
The development divisions of the Pallets Packaging market and the factors driving change are characterized. This study helps to understand the dynamic situation, key players and market drivers. The Pallets Packaging market for seven years can assess how the market is expected to develop. This analysis examines various segments that depend on the fastest estimate development
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Competitive Analysis: Global Pallets Packaging Market
Global pallets packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pallets packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key companies profiled in Pallets Packaging Market report are
- Brambles Ltd,
- Rehrig Pacific Company,
- Schoeller Allibert,
- CABKA Group,
- PECO Pallet,
- Litco International, Inc.,
- Totre Industries.,
- Spruce Impex Private Limited.,
- Spanco Enterprises.,
- Pilco Storage Systems Private Limited.,
- SWIFT TECHNOPLAST PVT LTD,
- Industrial Pallet Corp,
- ARRINGTON LUMBER & PALLET CO.,
- World Steel Pallet Co., Ltd.,
- ORBIS Corporation.
Market Drivers: Global Pallets Packaging Market
- Rising disposable income is driving the growth of this market
- Increasing urbanization and industrialization is another important factor driving the growth of this market
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- High price of the raw materials is restraining the market growth
- Limited availability of pallets in the market is another factor restraining the market growth.
Segmentation: Global Pallets Packaging Market
Global Pallets Packaging Market By Material Type (Wood, Composite Wood, Plastic, Paper, Metal), Structural Design (Block, Stringer, Customized), End- User (Engineering Products, Pharmaceuticals, Chemicals, Textile & Handicraft, Agriculture & Allied Products, Electronics & Consumer Appliances, Transportation & Warehousing, Food & Beverage, Retail, Others), Usage (New pallet, Used pallet, Recycle pallet, Heat treated pallet), Shape and Size (Two-way Pallets, Four-way Pallets, Open Pallets, Closed-boarded Pallets, Wing Pallets, Reversible Pallets), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market: Global Pallets Packaging Market
- In February 2019, Svenska Retursystem announced the launch of their new half which is a combination of end-of-life SRS pallets and virgin resin. This new half pallet is made along with IPG, Intelligent Packaging Group. This new pallet is made with the recycle materials and this pallet is stable & has high stress tolerance. This new pallet has lifespan of 150 rotations.
- In August 2018, James Jones & Sons announced that they have acquired Billington International Ltd. The main of the acquisition is to expand their products and services with the new pallets, recycled pallets, bespoke packaging solutions and pallet repairs. This will also help the company to strengthen their position in the market place.
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Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of pallets packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis
Key Highlights of Report
- Overview of key market forces propelling and restraining market growth
- Offers a clear understanding of the competitive landscape and key product segments
- An analysis of strategies of major competitors
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Provides profiles of major competitors of the market.
- Details of their operations, product and services.
- Recent developments and key financial metrics.