Market Highlights: Global Plastic Pallet is expected to grow in the forecasted period impelled to rising demand for safe and hygienic pallet and increased use of palletized storage and transportation. A Plastic pallet is a flat structure used as a base made up of non-porous materials, does not absorb moisture and is used for the automated or manual handling of goods in the supply chain. These are lighter in weight and max out at about 1500 pound. The use of Plastic pallets ensures better handling, stretch wrapping and strapping of goods. These pallets can be sanitized and can be used for the safe movement and storage of various products for a longer period of time. The increased use of palletised storage and transportation are the key consideration which will propel the demand for pallets in transit packaging. Plastic Pallets are extensively used in pharmaceutical, food and beverage, grocery and e-commerce industries. The market study is being classified by Type (Drum Pallets, Used Plastic Pallets, Nestable Plastic Pallets, Stackable Plastic Pallets, Rackable Plastic Pallets and Others), by Application (Food And Beverages, Chemical, Cement, Medicine and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Plastic Pallets are Brambles Ltd (Australia), LOSCAM (China), ORBIS (United States), Schoeller Allibert (Netherland), Buckhorn (United States), CABKA(Germany), Craemer Group (Germany), Falkenhahn (Germany) and Greystone Logistics (United States).
Major Market Development Highlights In January 2019, Saudi Pallet Manufacturing Company, a multi-use plastic pallet manufacturer has signed a Memorandum of understanding with SABIC. Under the MoU, SPMC will partner with SABIC in order to manufacture Paxxal Pallet for export and develop supply chain initiatives for the local market.
Key Questions Answered in the Report What will the Plastic Pallets Market size and the growth rate be in Future? What are the key factors driving the Plastic Pallets Market? What are the key market trends and macro-economic impacting the growth of the Plastic Pallets Market? What are the challenges to market growth? Who are the key vendors in the Plastic Pallets Market? What are the market opportunities and threats faced by the vendors in the Plastic Pallets Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Plastic Pallets Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic Pallets market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plastic Pallets market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Plastic Pallets Manufacturer, Plastic Pallets Supplier, Raw Material Supplier, Association and Government Bodies, Research Company and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.