"The
Report Global Plastic Pallets Market 2016-2020 provides information
on pricing, market analysis, shares, forecast, and company profiles
for key industry participants. - MarketResearchReports.biz"
The
global market for plastic pallets is slated to expand at a 7.12% CAGR
from 2016 to 2020, according to a report added to the vast repository
of MarketResearchReports.biz. Titled “Global
Plastic Pallets Market
2016-2020”, the report states that the market is largely driven by
the properties of durability of plastic pallets. The preference of
distributors and manufacturers for plastic pallets as against wood
pallets is owing to the fact that the former is more resistant to
damage compared to the latter.
The
most significant factors driving the global plastic pallet market
have been identified in the report, in addition to the key challenges
and the various opportunities that lie ahead. According to industry
experts, the market is fueled by their usage in the logistics
industry, which is because plastic pallets help minimize shipping
costs. With a rising focus on automation, the market is projected to
witness strong growth in the years to come. However, challenges
pertaining to disposal after use threaten to impede the market.
The
market has been bifurcated into polypropylene (PP) and high density
polyethylene (HDPE) on the basis of type of material. The latter
dominates the overall market for plastic pallets and in 2015, held
just under three quarters of the market. High density polyethylene
finds application in the shipping and automotive sector and is also
extensively used in the food and beverages industry owing to its
inherent properties.
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Sample Copy, click here:
Regionally,
Europe, Asia Pacific, North America, and Rest of the World are the
markets covered in the report. Asia Pacific is not just the largest
but also the most rapidly expanding plastic pallet market in the
world, accounting for a little over one third of the overall market
in 2015. This can be attributed to the ongoing expansion of the
logistics and warehouse sector, especially in countries such as
Japan, India, the Philippines, and China. Rapid industrialization has
also boosted the packaging sector, further supporting the plastic
pallet market.
As
per industry experts, the plastic pallets market is immensely
fragmented owing to the presence of a large number of small
companies. This dynamic market is composed of pallet recycling
specialists, pallet-pooling firms, pallet manufacturers, and pallet
management companies, most of which offer a wide range of customized
pallets to cater to the varied demands of customers. Newer
technologies are being adopted in order to give customers a more
refined service offering. The use of modern logistics has worked well
for players in the plastic pallet market and the expansion of the
retail sector is only adding to the demand for logistics and thereby
for plastic pallets.
View
Press Release @
http://www.marketresearchreports.biz/pressrelease/4511
The
most prominent vendors in the plastic pallets market include
Schoeller Allibert, PECO, Rehrig Pacific, CABKA North America,
Brambles, ORBIS, CHEP, PalletOne, and LOSCAM. Apart from these, there
are several other players competing for a share in the global market.
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