Plastic Pallets Market Size and Share Analysis is Expected to Reach $12.67 Billion By 2032, at CAGR of 5.41% According to Polaris Market Research

The plastic pallets market encompasses the production, distribution, and use of pallets made from plastic materials. Plastic pallets are an alternative to traditional wooden pallets and are increasingly popular due to their durability, hygiene, and sustainability features.

The global plastic pallets market size is expected to reach USD 12.67 billion by 2032, according to a new study by Polaris Market Research. The report “Plastic Pallets Market Share, Size, Trends, Industry Analysis Report, By Material (High-Density Polyethylene, Low-Density Polyethylene), By Type, By Application, By Region, Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global market is expected to witness significant growth in the coming years due to the increasing adoption of plastic pallets in various industries such as food, manufacturing, and chemicals. These industries rely heavily on the transportation of various products and equipment, and Plastic Pallets offer the benefits of durability and lightweight, making them an ideal choice for such applications. Governments around the world have imposed strict laws and regulations on the manufacturing, storage, and transportation of goods, further driving the demand for Plastic Pallets.

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It offers hygienic properties that make them more suitable for industries such as food and medicine, where contamination and hygiene are critical factors. For instance, the United States Food and Drug Administration (FDA) has stringent regulations for the transportation of food products, and Plastic Pallets are preferred over other materials due to their ability to resist bacterial growth and easy cleaning.

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Moreover, the medical industry also relies heavily on Plastic Pallets for the transportation of medical equipment and supplies. Plastic Pallets offer the advantages of being lightweight, durable, and easy to clean, making them ideal for use in hospitals and medical facilities. For example, companies such as Enpac LLC offer a range of Plastic Pallets that meet the strict regulations set by the medical industry for the transportation of medical equipment and supplies.

Companies in the market are focusing on introducing new products. In March 2023, Cabka developed a new nestable Retail E5.3 order picking pallet made of recycled plastic as a durable and environmentally friendly alternative to wooden pallets for transporting goods in the food industry. In February, 2023, a new plastic pallet called the Victory 48×36 was announced by TranPak. It is specifically designed for handling products like beverages, shingles, and packaged paper.

Plastic Pallets Market Report Highlights

  • High-density polyethylene (HDPE) pallets dominate the market due to their easy-to-clean, solvent and corrosion resistance, and strong impact resistance properties.
  • Nestable segment is expected to hold a significant market share over the forecast period due to their cost-efficiency and their ability to occupy less space during transportation.
  • The food and beverage segment accounted for a significant revenue share due to the shift from wooden pallets to plastic pallets for their easy cleaning, and reduced risk of product contamination.
  • North America’s dominant position in the market is due to its robust manufacturing industry and trade agreements such as T-MEC.
  • The global players include Brambles, Rehrig Pacific Company, Schoeller Allibert, Craemer Holding, CABKA Group, and Greystone Logistics.
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Polaris Market Research has segmented the plastic pallets market report based on material, type, application and region:

Plastic Pallets, Material Outlook (Revenue, USD Billion, 2019 – 2032)

  • High-Density Polyethylene
  • Low-Density Polyethylene
  • Polypropylene (PP)
  • Others

Plastic Pallets, Type Outlook (Revenue, USD Billion, 2019 – 2032)

  • Nestable
  • Rackable
  • Stackable
  • Others

Plastic Pallets, Application Outlook (Revenue, USD Billion, 2019 – 2032)

  • Food & Beverages
  • Chemicals
  • Pharmaceuticals
  • Petroleum & Lubricants
  • Others

Plastic Pallets, Regional Outlook (Revenue – USD Billion, 2019 – 2032)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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