Plastic Pallets Market- Growth, Future Prospects & Competitive Analysis, 2016 – 2024, the Global Plastic Pallets Market is expected to reach US$ 17.5 Bn by 2024, expanding at a CAGR of 7.2% during the forecast period 2016 – 2024.
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Plastic pallets market is expected to witness robust growth with increasing international trade of various products from various industries including food, manufacturing, chemical, medical and others. Pallets are used to stack the products to avoid damage to the products during transit. Traditionally, wooden pallets were used for the purpose of transportation. However, with emergence of plastic pallets due to their durability and resistant to damage, manufacturers and distributors are preferring plastic pallets for shipments as they are 30% to 40% lighter and durable than wood.
Global plastic pallets market is segmented on the basis of application and geography. By application, food industry segment was the most dominant segment in global plastic pallets market in 2016 and anticipated to continue its dominance over the forecast period. Increasing international trade of food products especially packaged food is projected to drive the growth of the segment over the forecast period. On the basis of geography, Asia Pacific was estimated to be the largest market for plastic pallets in 2016 and projected to maintain its dominance during the forecast period.
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
- Executive Summary
2.1. Global Plastic Pallets Market Snapshot
2.1.1. Global Plastic Pallets Market, by Application, 2016
2.1.2. Global Plastic Pallets Market, by Geography, 2016
2.1.3. Key Players
2.1.4. Drivers, Restrains & Future Prospects
- Global Plastic Pallets Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Global Market Size & Forecast, 2015-2025
3.4. Future Prospects
- Global Plastic Pallets Market Size & Forecast (Mn Units) (US$ Mn), By Application, 2014 – 2024
4.1.1. Market Share Analysis by Application, 2015 vs. 2024
4.1.2. Attractive Investment Proposition by Application
4.2. Food Industry
4.3. Medical Industry
4.4. Chemical Industry
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