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Plastic Pallets Market By Application (Food Industry, Medical Industry, Chemical Industry, Manufacturing Industry) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

This report, titled "Plastic Pallets Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the plastic pallets market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on application and geographical distribution.

The global plastic pallets market is expected to witness high growth with the increasing use of plastic pallets in food, manufacturing, and the chemical industry for the logistics of various products and equipment due to their durability and lightweight, which are anticipated to propel the demand for plastic pallets. Furthermore, the emergence of technology such as radio-frequency identification (RFID) in plastic pallets, which helps track and trace the conditions of the goods throughout the supply chain, is projected to propel the demand for plastic pallets.

The majority of the global plastic pallets market is accounted for by key players in the industry. Further, increasing research and development and advancement in technology are changing the nature of operations in the logistics industry, which is projected to drive the demand for plastic pallets. Over the forecast period, the growing manufacturing industry in Asia Pacific is expected to fuel demand for plastic pallets.

The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on application, the global plastic pallet market is segmented into the food industry, medical, chemical, manufacturing, and others. In addition, plastic pallet manufacturing companies, distributors, and academic organizations form the major client types for the plastic pallet market. This report presents the market size (million units) and forecasts for each segment considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global plastic pallet market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To clarify further, the geographical distribution of the global plastic pallet market is as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global plastic pallet market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of plastic pallets.

Based on the application, the global plastic pallet market is segmented as follows:

  • Food Industry
  • Medical Industry
  • Chemical Industry
  • Manufacturing Industry
  • Others

On the basis of application, the global plastic pallet market can be segmented into the food industry, medical industry, chemical industry, manufacturing, and others. In 2016, the food industry was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Plastic is becoming particularly important in the food and beverage and pharmaceutical industries because of its resistance to insects, fungi, and other types of biological infestation. Furthermore, plastic pallets are widely used in the manufacturing industry due to their high load capacity, long service life, extremely sturdy design, durability, and economic properties. Thus, the food industry is projected to drive the plastic pallets market over the forecast period (2017–2025).

For the purpose of this study, the global plastic pallet market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global plastic pallet market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific was estimated to hold the largest share of the global plastic pallet market and is projected to maintain its dominance over the forecast period. The shift in the manufacturing base of various industries due to low-cost manufacturing advantages in the region, especially in China, and increasing trade from the region fuel the need to transport various products, which in turn is driving the demand for plastic pallets in the region (2017–2025).

Frequently Asked Questions:

The market for Plastic Pallets Market is expected to reach US$ 17.5 Bn By 2024.

The Plastic Pallets Market is expected to see significant CAGR growth over the coming years, at 7.2%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Schoeller Allibert Services B.V., Rehrig Pacific Company, Inc, The Craemer Group, Euro Pool System International B.V. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Advanced Materials
Report ID:   58517
Report Format:   PDF
Pages:   120
Rating:    4.7 (60)
Delivery Time: 24 Hours to 48 Hours   
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