Corrugated pallets are also known as paper pallets, which are a highly durable alternative to other types of wooden/metal or plastic pallets. They are processed through many variations including automated/machine and manual assembly. These pallets are manufactured using corrugated materials, for instance, paper and cardboard. They are easy-to-handle, lightweight, and less expensive compared with other materials, such as plastic, wood, and metal. Therefore, using corrugated pallets saves transportation, shipping, and warehousing costs. Due to their lightweight and printable ability, corrugated pallets are also used at retail point-of-purchase as display packaging solutions. These pallets are widely used as cost-effective alternatives across the chemical, pharmaceutical, food & beverages, construction, petrochemical, and other industries. The key properties include water resistance, reduced carbon dioxide emissions, high durability, ability to survive the entire supply chain, strength, better cost efficiency than wood, ease of handling, and shipment compliance with ISPM 15.
According to study, “Corrugated Pallets Market by Product Type (<3 Walls, 3-5 Walls, and 5+ Walls) and End User (Food & Beverages, Chemical & Pharma, Agriculture, Metal & Machinery, Wholesalers and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the corrugates pallets market include DS Smith, KraftPal Technologies, Smurfit Kappa, The Corrugated Pallets Company, Milwood, PGS Group, Kamps Pallets, Spanco Enterprises, Conitex Sonoco, and Brambles Limited.
Based on raw material, corrugates pallets market is segmented into a corrugated sheet, angle board, and others. Based on the number of layers, the market is segmented into less than 3 layers of corrugated board (standard), 3 to 5 layers (robust), and more than 5 layers. Based on product type, the market is segmented into <3 walls, 3 to 5 walls, and 5+ walls. Based on the manufacturing method, the market is segmented into corrugated top decks & bottom decks, support blocks (manufactured by compressed corrugated material), honeycomb support blocks, internal support cells, corrugated runners, and built up runners. Based on the application, the market is segmented into storage, logistics, and others. In addition, based on the end-use industry, the market is segmented into chemical, electronics, automotive, chemicals, furniture, and other industrial goods.
The corrugates pallets market is driven by growth in the food & beverage industry, followed by an increase in building & construction activities in Asia-Pacific, rise in demand for sustainable packaging materials used in manufacturing & construction sectors and an increase in international trade. However, an increase in regulatory norms on industrial packaging for food contact & pharmaceutical products and stringent regulation on volatile organic compounds may impact the market. Moreover, growth in E-commerce retailing is a key opportunity for the market. Furthermore, a rise in demand for lightweight pallets is a major trend for the market.
Based on geography, the Asian-Pacific region dominates the global corrugates pallets market owing to a rise in investments from the part of manufacturers in transportation & storage of products and high disposable incomes & consumer lifestyles in the region. In the near future, it is anticipated that the market will be reached at a rapid pace because of the increase in awareness among consumers regarding environment & sustainability during the forecast period.
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