Report Ocean has recently published the “Corrugated Pallets Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global corrugated pallets market was valued at $1,062.0 million in 2018 and is anticipated to reach $1,481.9 million by 2026, with a CAGR of 4.4% during the forecast period. Corrugated cardboard pallets are made of lightweight material and are highly durable alternative to other types of wooden/metal/plastic pallets. These pallets are widely used as cost-effective alternative across food & beverages, chemical, pharmaceutical, construction, petrochemical, and other industries. The 100% sustainability attribute of corrugated pallets make them affordable for wholesale and traditional retailers. The online sales providers are also majorly preferring corrugated material, owing to its fit to product nature.
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With many countries in Asia-Pacific still being largely rural, the economic growth is set to foster the ongoing urbanization. The growth in population in these countries is expected to boost the demand for housing and commercial infrastructure. According to Asian Development Bank, Asia-Pacific is estimated to invest $8-$9 trillion in infrastructure development from 2010 to 2020 to maintain its economy, which drives the market in the building & construction sector. In addition, according to the Global Construction Perspectives and Oxford Economics, 60% of the global construction activity is anticipated to be undertaken in emerging markets by 2025. The growth in infrastructure spending across Asian countries and rise in demand for sustainable packaging materials used in construction and manufacturing sectors are expected to boost the revenue growth of the corrugated pallets market during the forecast period.
China is expected to account for 36% of all growth in construction with India being approximately $1 trillion construction market by 2025. New housing projects in emerging economies are expected to provide new opportunities for construction globally, with around 270 million new homes needed in China and India alone by 2025 to meet the needs of growing population growth and urbanization trends. Industrial packaging protects the construction equipment and materials from shock & vibration, atmospheric, magnetic, and electrostatic forces during storage or transit. Thus, rise in construction activities such as housings, commercial, and infrastructural projects in emerging economies is anticipated to boost the demand for corrugated pallets which are used in packaging of construction equipment.
The overall growth of the food & beverage industry is being driven by emerging markets such as China, India Argentina, and Brazil as the economies of these nations improve.
Furthermore, rapid increase in population and rise in living standard has led to the growth of food & beverages industry across the globe; thereby, boosting the demand of industrial packaging to distribute food across countries. Moreover, according to the Food and Agriculture Organization of the United Nations, roughly one-third of food produced for human consumption is wasted globally during shipping and handling, which leads to shortage of food. Thus, to avoid wastage and to meet the food demand of growing population, industrial packaging plays a crucial role. The corrugated pallets market is segmented on the basis of product type, end user, and region. Based on product type, the corrugated pallets market is categorized into <3 walls, 3-5 Walls, and 5+ Walls. Based on end user, it is segmented into food and beverages, chemical and pharma, agriculture, metal & machinery, wholesalers, and others
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Geographically, the global corrugated pallets market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Middle East, Latin America, and Africa).
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global dishwasher tablets market, with current and future trends to elucidate the imminent investment pockets in the market.
– Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
– The report provides information regarding drivers, restraints, and opportunities with impact analysis.
– A quantitative analysis of the current market and estimation for the same from 2018 to 2026 is provided to showcase the financial competency of the market.
– The report tracks the penetration of dishwasher tablets in overall dishwasher detergent market under parent market analysis section of the report. This section also illustrate the coverage of the study along with its inclusions and exclusions.
– Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
– Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
– Competitive intelligence highlights the business practices followed by the leading market players across various regions.
Key Players in Value Chain
– DS Smith
– Smurfit Kappa
– KraftPal Technologies
– The Corrugated Pallets Company
– Kamps Pallets
– Milwood
– PGS Group
– Conitex Sonoco
– Spanco Enterprises
– Brambles Limited
Key Market Segments
The global corrugated pallets market is segmented into:
By Product Type
– <3 walls
– 3-5 Walls
– 5+ Walls
By End User
– Food & Beverages
– Chemical & Pharma
– Agriculture
– Metal & Machinery
– Wholesalers
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
– Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of Europe
– LAMEA
o Middle East
o Latin America
o Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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