Corrugated Pallets Market Size, Growth & Statistical Report from 2023 to 2030
In 2022, the market size of the global corrugated pallets industry reached an approximate value of USD 1 billion, and it is expected to experience substantial growth with a projected Compound Annual Growth Rate (CAGR) exceeding 6% throughout the forecast period, spanning from 2023 to 2030. The market is primarily driven by several factors, including a heightened emphasis on environmental sustainability, cost-efficiency, product safety, customizability, and the increasing demand within the e-commerce sector. Corrugated pallets represent an environmentally friendly and economically viable alternative to traditional pallets, as they are constructed from renewable materials and are easily recyclable.
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Market Trends:
- Increasing demand for lightweight and durable pallets: Corrugated pallets are lightweight and durable, making them ideal for a variety of applications. They are also recyclable, which is another major advantage over traditional wooden pallets.
- Rising concern over the environmental impact of wooden pallets: Wooden pallets are often treated with chemicals to prevent insect infestation and decay. These chemicals can leach into the environment and pose a risk to human health and wildlife. Corrugated pallets are a more environmentally friendly alternative to wooden pallets.
- Growing awareness of the benefits of corrugated pallets: Corrugated pallets offer a number of advantages over traditional wooden pallets, including lower cost, lighter weight, and greater durability. As businesses become more aware of these benefits, the demand for corrugated pallets is increasing.
- Expanding retail distribution channels: Corrugated pallets are now available through a variety of retail channels, including online retailers and industrial supply stores. This makes it easier for businesses to purchase corrugated pallets.
- Growing demand for corrugated pallets in developing countries: The demand for corrugated pallets is growing rapidly in developing countries, such as China, India, and Brazil. This is due to the increasing industrialization and urbanization in these countries.
According to the recent report published by RC Market Analytics, the Global Corrugated Pallets Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the corrugated pallets market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the corrugated pallets industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the corrugated pallets market report comprises dedicated sections centering on the regional market revenue and trends. The corrugated pallets market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Corrugated pallets market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Corrugated Pallets Market Segmentation:
By Material:
- Paperboard
- Cardboard
- Others
By Load Capacity:
- Light-duty
- Medium-duty
- Heavy-duty
By End-Use Industry:
- Food and Beverages
- Pharmaceuticals
- Electronics
- Retail
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key players operating in the global corrugated pallets market are Smurfit Kappa Group, DS Smith PLC, Cascades Inc., Mondi Group, Sonoco Products Company, Huhtamaki Group, Kamps Pallets, Corrugated Pallets Company, Brambles Limited, and Conitex Sonoco USA Inc.
Recent Developments:
- In January 2021, Smurfit Kappa, a leading paper-based packaging solutions provider, announced the launch of its new sustainable and high-performance corrugated pallet, called the Puma pallet. This pallet is made from 100% paper-based materials and is designed to be strong, durable, and moisture-resistant.
- In September 2020, DS Smith Plc, a leading provider of sustainable packaging solutions, launched a new range of corrugated pallets. These pallets are made from 100% recycled paper and are designed to be lightweight, strong, and easy to handle.
- In August 2020, Re>Pal, an Australian manufacturer of sustainable pallets and packaging, announced the launch of its new corrugated pallet range. These pallets are made from recycled plastic and are designed to be durable, hygienic, and recyclable.
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Key Questions Answered by Corrugated Pallets Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Corrugated Pallets market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
About Us: RC Market Analytics is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities to optimize strategies. Our expert’s team of analysts’ provides enterprises with strategic insights. RC Market Analytics works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected].
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