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.
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.
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 48x36 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.
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
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Plastic Pallets Market Insights
- 4.1. Plastic Pallets Market - Type Snapshot
- 4.2. Plastic Pallets Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Adoption new technologies such as RFID in the plastic pallets
- 4.2.1.2. Growth of the e-commerce sector and the medical industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High production cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Plastic Pallets Market Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Plastic Pallets Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 5.3. High-Density Polyethylene
- 5.3.1. Global Plastic Pallets Market, by High-Density Polyethylene, by Region, 2019-2032 (USD Billion)
- 5.4. Low-Density Polyethylene
- 5.4.1. Global Plastic Pallets Market, by Low-Density Polyethylene, by Region, 2019-2032 (USD Billion)
- 5.5. Polypropylene (PP)
- 5.5.1. Global Plastic Pallets Market, by Polypropylene (PP), by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Plastic Pallets Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Plastic Pallets Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 6.3. Food & Beverages
- 6.3.1. Global Plastic Pallets Market, by Food & Beverages, by Region, 2019-2032 (USD Billion)
- 6.4. Chemicals
- 6.4.1. Global Plastic Pallets Market, by Chemicals, by Region, 2019-2032 (USD Billion)
- 6.5. Pharmaceuticals
- 6.5.1. Global Plastic Pallets Market, by Pharmaceuticals, by Region, 2019-2032 (USD Billion)
- 6.6. Petroleum & Lubricants
- 6.6.1. Global Plastic Pallets Market, by Petroleum & Lubricants, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Plastic Pallets Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Plastic Pallets Market, by Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 7.3. Nestable
- 7.3.1. Global Plastic Pallets Market, by Nestable, By Region, 2019-2032 (USD Billion)
- 7.4. Rackable
- 7.4.1. Global Plastic Pallets Market, by Rackable, By Region, 2019-2032 (USD Billion)
- 7.5. Stackable
- 7.5.1. Global Plastic Pallets Market, by Stackable, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Plastic Pallets Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Plastic Pallets Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Plastic Pallets Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Plastic Pallets Market - North America
- 8.3.1. North America: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.3.2. North America: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Plastic Pallets Market - U.S.
- 8.3.4.1. U.S.: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Plastic Pallets Market - Canada
- 8.3.5.1. Canada: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4. Plastic Pallets Market - Europe
- 8.4.1. Europe: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Plastic Pallets Market - UK
- 8.4.4.1. UK: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Plastic Pallets Market - France
- 8.4.5.1. France: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Plastic Pallets Market - Germany
- 8.4.6.1. Germany: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Plastic Pallets Market - Italy
- 8.4.7.1. Italy: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Plastic Pallets Market - Spain
- 8.4.8.1. Spain: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Plastic Pallets Market - Netherlands
- 8.4.9.1. Netherlands: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Plastic Pallets Market - Russia
- 8.4.10.1. Russia: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5. Plastic Pallets Market - Asia Pacific
- 8.5.1. Asia Pacific: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Plastic Pallets Market - China
- 8.5.4.1. China: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Plastic Pallets Market - India
- 8.5.5.1. India: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Plastic Pallets Market - Malaysia
- 8.5.6.1. Malaysia: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Plastic Pallets Market - Japan
- 8.5.7.1. Japan: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Plastic Pallets Market - Indonesia
- 8.5.8.1. Indonesia: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Plastic Pallets Market - South Korea
- 8.5.9.1. South Korea: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.6. Plastic Pallets Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Plastic Pallets Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Plastic Pallets Market - UAE
- 8.6.5.1. UAE: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Plastic Pallets Market - Israel
- 8.6.6.1. Israel: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Plastic Pallets Market - South Africa
- 8.6.7.1. South Africa: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.7. Plastic Pallets Market - Latin America
- 8.7.1. Latin America: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Plastic Pallets Market - Mexico
- 8.7.4.1. Mexico: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Plastic Pallets Market - Brazil
- 8.7.5.1. Brazil: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Plastic Pallets Market - Argentina
- 8.7.6.1. Argentina: Plastic Pallets Market, by Material, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Plastic Pallets Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Plastic Pallets Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Brambles
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Rehrig Pacific
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Schoeller Allibert
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Craemer Holding
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. CABKA Group
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Greystone Logistics
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Polymer Solutions
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. ORBIS Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Litco International
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. iGPS Logistics
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Rotomolded Products
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Buckhorn
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Kamps Pallets
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Enviro Pallets
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Plastic Pallet & Container, Inc
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development