Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Polyethylene Plastic Pallets Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.6% during the review period (2022 to 2027).
Polyethylene Plastic Pallets Market Overview
Due to their durability and light weight, polyethylene Plastic Pallets are increasingly being used in a number of industries, including culinary, automotive, and chemical, for the logistics of various commodities and equipment. Due to the development of technologies like radio-frequency identification (RFID) in polyethylene Plastic Pallets, which enables users to detect and find things across the supply chain, polyethylene Plastic Pallets are increasingly becoming more and more popular. Furthermore, it is anticipated that throughout the course of the projected period, increased R&D activity in the logistics sector would create new opportunities. Additionally, the expansion of the e-commerce market and the medical sector is anticipated to fuel market growth throughout the forecast period 2022-2027.
Due to the frequent handling and shipping of heavier components from suppliers' facilities to automobile assembly plants, heavier pallets are favoured in the automotive sector. Over the projected period of 2022–2027, the demand for stackable pallets is anticipated to benefit from the constant rise of the heavy metal and automotive manufacturing industries.
Recent Developments:
June 27, 2022 : ORBIS® Corporation, an international leader in reusable packaging, is investing in the automation space through its new Automated Reusable Optimized Solutions (AROS) product line designed for seamless integration into automated systems to facilitate the efficient transfer, storage and organization of merchandise. Launching as part of the AROS line is the ML6545-325: a handheld container with the largest cubic density of any container on the market in its footprint.
Who are the Major Players in Polyethylene Plastic Pallets Market?
The global Polyethylene Plastic Pallets includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Orbis Corporation, Rehrig Pacific Company, Monoflo International, CABKA Group, Greystone Logistics, TMF Corporation, Allied Plastics, Perfect Pallets, Polymer Solutions International and many others
What are the major Applications, Types and Regions for Polyethylene Plastic Pallets Market?
Polyethylene Plastic Pallets Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- High Density Polyethylene
- Low Density Polyethylene
- Other
By Application it is segmented into
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Petroleum & Lubricants
- Others
Polyethylene Plastic Pallets Market Regional Analysis
Asia Pacific led the market with over 32.3% of the global revenue share in 2020 and is projected to expand further at the fastest CAGR from 2022 to 2027. Rapid industrialization in the region and the exponential growth of e-commerce are few key factors attributing to the highest growth of the market in the region from 2022 to 2027.North America was the second-largest market in 2020 and is expected to witness a significant CAGR from 2022 to 2027. Favorable trade agreements, such as the T-MEC between the U.S., Canada, and Mexico, are expected to boost manufacturing activities within the region, which is expected to drive the market in North America
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Polyethylene Plastic Pallets Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.6% during the review period (2022 to 2027).
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By Type
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- High Density Polyethylene
- Low Density Polyethylene
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By Application
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- Food & Beverages
- Chemicals
- Pharmaceuticals
- Petroleum & Lubricants
- Others
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By Companies
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Orbis Corporation, Rehrig Pacific Company, Monoflo International, CABKA Group, Greystone Logistics, TMF Corporation, Allied Plastics, Perfect Pallets, Polymer Solutions International
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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99
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Polyethylene Plastic Pallets Report
- Evaluate Polyethylene Plastic Pallets market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Polyethylene Plastic Pallets market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Polyethylene Plastic Pallets market.
Frequently Asked Questions
What is the study period of this market?
The Polyethylene Plastic Pallets Market is studied from 2017 - 2027.
What is the growth rate of Polyethylene Plastic Pallets Market?
The Polyethylene Plastic Pallets Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the leading key players in Polyethylene Plastic Pallets Market?
Orbis Corporation, Rehrig Pacific Company, Monoflo International, CABKA Group, Greystone Logistics, TMF Corporation, Allied Plastics, Perfect Pallets, Polymer Solutions International
What regions does this Polyethylene Plastic Pallets Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Polyethylene Plastic Pallets Market?
High Density Polyethylene, Low Density Polyethylene
What are the significant Applications of Polyethylene Plastic Pallets Market?
Food & Beverages, Chemicals, Pharmaceuticals, Petroleum & Lubricants, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
