Global Paper Pallets Market, By End User (Shipping, Medical Industry, Food and Beverages Industry, Personal Care Industry, Shipping and Logistics and Other), Material Type (Corrugated Paper Pallets, Cardboard Paper Pallets and Kraft Paper Pallet), Type of Pallet (Stringent Pallet, Block Pallet, Flush Pallet and Perimeter Base Pallet), Runner Options (2-Way Runner Option and 4-Way Runner Option)-Industry Trends and Forecast to 2029.
Global Paper Pallets Market Analysis and Size
Paper pallets, unlike their wooden and plastic counterparts, do not require chemical procedures to preserve their shelf life, which will increase their popularity in the long run. Because paper pallets are very resistant to fungi and bacteria, ISPM-15 compliance is not required for their use.
- Data Bridge Market Research analyses that the paper pallets market was valued at USD 704.51 million in 2021 and is further expected to reach the value of USD 983 million by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029. Improved load bearing capacity has also been a result of advances in engineering technology and paper pallet designs. End users are expected to lead a widespread move away from standard pallets and toward more environmentally friendly paper pallets.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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End Use (Shipping, Medical Industry, Food and Beverages Industry, Personal Care Industry, Shipping and Logistics and Other), Material Type (Corrugated Paper Pallets, Cardboard Paper Pallets and Kraft Paper Pallet), Type of Pallet (Stringent Pallet, Block Pallet, Flush Pallet and Perimeter Base Pallet), Runner Options (2-Way Runner Option and 4-Way Runner Option)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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DS Smith (UK), Smurfit Kappa (Ireland), YOJ pack-kraft. (India), DNA Packaging Systems. (India), Eltete Malaysia Sdn Bhd. (Malaysia), Green Label Packaging (US), Sonoco Products Company (US), Honey Shield Emballeurs (India), AXIS VERSATILE SDN.BHD. (Malaysia), Kaily Packaging Co. Ltd. (Singapore), Tri Wall Pte Ltd (India), FORLIT, A.S. (Czechia)
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Market Opportunities
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Global Paper Pallets Market Definition
Paper pallet is a unique new pallet that is both ecologically safe and a creative and original alternative to wood and plastic pallet. They're used in the electronics and electrical, pesticide, and organic chemicals industries, and they're also lighter and less expensive than other pallets.
Paper Pallets Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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Rise in the Consumer Expenditure on Housing Activities
Growing expenses on housing activities due to the flexibility in design, size and shape, combined with many environmental and economic benefits which is further the contributing factor in the market growth.
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Increase in the Disposable Incomes
Rising supermarkets and retail stores is further anticipated to propel the growth of the paper pallets market.
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Increasing Urbanization
Due to the manufacturers of paper pallets are focusing on innovations and improvement in the quality of the products is further contributing to the market growth.
Opportunities
In addition, the rise in the consumers’ preference for lightweight and sustainable materials and growing emphasis on maintainable composite materials will further provide potential opportunities for the growth of the paper pallets market in the coming years.
Restrains/Challenges Global Paper Pallets Market
On the other hand, the paper pallets are not fireproof and waterproof which is further projected to impede the growth of the paper pallets market in the timeline period. However, the stringent regulations might further challenge the growth of the paper pallets market in the near future.
This paper pallets market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the paper pallets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Paper Pallets Market
The recent outbreak of coronavirus has critically impacted the paper pallets market. Almost every sector has been grievously hit by the pandemic and affected the day-to-day work-related functions. As a result, the paper industry had to bear financial losses, therefore negatively impacting the paper pallets market.
On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. New technological advancements will further help to excel the availability of paper pallets in the developing and emerging markets post pandemic.
Recent Development
- DS Smith Hungary, a London-based subsidiary of DS Smith plc, established a paper fibre pallet in 2022 with a HUF 3 billion (US$ 6.9 billion) investment. TRICORE Packaging and Logistic AG was quickly bought by the corporation in order to expand its European operations.
Global Paper Pallets Market Scope
The paper pallets market is segmented on the basis of end user, material type, type of pallet and runner options. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
End User
- Shipping
- Medical Industry
- Food and Beverages Industry
- Personal Care Industry, Shipping
- Logistics and Other
On the basis of end use, the paper pallets market is segmented into shipping, medical industry, food and beverages industry, personal care industry, shipping & logistics and other.
Material Type
- Corrugated Paper Pallets
- Cardboard Paper Pallets
- Kraft Paper Pallet
On the basis of material type, the paper pallets market is segmented into corrugated paper pallets, cardboard paper pallets and kraft paper pallet.
Type of Pallet
- Stringent Pallet
- Block Pallet
- Flush Pallet
- Perimeter Base Pallet
On the basis of type of pallet, the paper pallets market is segmented into block pallet, flush pallet and perimeter base pallet.
Runner Options
- 2-Way Runner Option
- 4-Way Runner Option
On the basis of runner options, the paper pallets market is segmented into 2-way runner option and 4-way runner option.
Paper Pallets Market Regional Analysis/Insights
The paper pallets market is analysed and market size insights and trends are provided by country, end user, material type, type of pallet and runner options as referenced above.
The countries covered in the paper pallets market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Europe dominates the paper pallets market due to the rise in the concern related to the environment-friendly packaging. Furthermore, the cost-effective and innovative packaging solutions for the products will further boost the growth of the paper pallets market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the paper pallets market due to the rise in the growth of e-commerce and retail sector. Moreover, the increase in the expenditure on infrastructure by government and private organizations which is further anticipated to propel the growth of the paper pallets market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Paper Pallets Market Share Analysis
The paper pallets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to paper pallets market.
Some of the major players operating in the paper pallets market are:
- DS Smith (UK)
- Smurfit Kappa (Ireland)
- YOJ pack-kraft. (India)
- DNA Packaging Systems. (India)
- Eltete Malaysia Sdn Bhd. (Malaysia)
- Green Label Packaging (US)
- Sonoco Products Company (US)
- Honey Shield Emballeurs (India)
- AXIS VERSATILE SDN.BHD. (Malaysia)
- Kaily Packaging Co. Ltd. (Singapore)
- Tri Wall Pte Ltd (India)
- FORLIT, A.S. (Czechia)
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