Pallet Boxes Market Insights, Deep Analysis Of Key Vendor In The Industry 2022-2028

 

Pallet boxes will continue to be attractive in terms of market position in the coming years. Increasing focus towards efficient manufacturing operations will drive the global pallet boxes market during the forecast period 2022-2028.The global pallet boxes market is estimated to value at US$ 2.3 billion in 2022 and is projected to reach US$ 3.0 billion by 2028, at a CAGR of 4.5%.

The global pallet boxes market will hold around ~3.2% of the US$ ~95 Bn worth of global pallet market by 2028. Demand for customized pallet is expected to reach US$ 184.5 million in 2022, exhibiting growth at CAGR of 5.7% for 2022-28, according to the latest Future Market Insights (FMI) study.

APEJ and North America are estimated to represent a significant share in the global pallet trucks market. Major manufacturing companies in India are joining hands with warehousing providers and outsourcing their services, in order, positively affecting the demand for pallet boxes in India. Substantial growth of transport and logistics in MEA, is driving pallet boxes adoption in the region. Increasing trade volume, in emerging economies is projected to be a predominant factor impacting pallet boxes market—being a vital link in supply chain and storage.

Plastic and Block Pallet Boxes Most Preferred Variants

FMI projects increasing adoption of plastic pallet boxes as bulk packaging option in the coming years. Lighter in weight and compatible compared to wooden and metal ones, pallet boxes made of plastic maximizes volume utilization of goods during distribution and keeps produce fresh, when used for transportation food grains, fruits, and vegetables. Plastic pallet boxes are likely to find a place among processed food manufacturers too, depending on their utility.

However, low or negligible adoption of advanced packaging technologies like palletization in emerging economies like India, owing to high costs involved in its incorporation in industries and poor supply chain infrastructure, could inversely impact the growth of pallet boxes market. Additionally, rise in pallet pooling and manufacturers adopting plastic pallet boxes, considering its longer life, are some key factors restraining the overall global pallet boxes market.

Country-wise Insights

What is Regional Outlook can be Seen for Italy based Pallet Boxes Market?

Italy will hold market share of more than 18% for the Western Europe pallet boxes market in the year 2022. According to The European Chemical Industry Council, the European chemical industry is a wealth generating sector of the economy and a major contributor to building a sustainable future for Europe USD 612 billion turnover and USD 10.4 billion R&I investments. Moreover, in Italy the chemical industry generates USD 57.4 billion.

 

How the Expansion of Automotive Industry Fuel Demand for Pallet Boxes Market in United States?

The United States market for pallet boxes shall grow at a CAGR of 3.6% during the forecast period. As per Invest India, a National Investment and Facilitation Agency, by 2025, construction market in India is expected to emerge as the third largest globally and construction equipment industry revenue stood at USD 6.5 Bn in 2020. The vast construction sector of the country is anticipated to create significant demand for pallet boxes market during the foreseeable future.

 

Competitive Landscape

The key manufacturers operating in pallet boxes market are focusing on increasing their production capacity to meet the increasing demand for pallet boxes. Moreover, the key players are increasing their product portfolio to cater for the growing pallet boxes market.

In October 2021, The Craemer Group comes with its latest product development which is the large-volume CB3 high pallet box with a capacity of around 1,000 litres.

In March 2020, Exporta, the UK’s product handling experts have added a new base entry level model of their hercules collapsible plastic pallet box to their range at an amazing price level.

Pallet Boxes Market by Category

By Material:

·       Wooden Pallet Box

·       Plastic Pallet Box

·       Metal Pallet Box

·       Paper Pallet Box

By Pallet Type:

·       Block Pallet

·       Stringer Pallet

·       Customized Pallet

By End-use Industry:

·       Agriculture & Allied Industries

·       Building & Construction

·       Chemical & Pharmaceutical

·       Food & Beverages

·       Engineering Products

·       Textile & Handicraft

·       Automotive

·       Other Industries

Read More @ https://www.futuremarketinsights.com/reports/pallet-boxes-market

 

 

Comments

Post a Comment

Popular posts from this blog

Beverage Coaster Market Global Analytical Study, Growth Strategies, Size, Product Type, End User, Geography And Competitive Analysis

  Global Beverage Coaster - Market Overview: A beverage coaster is a small mat which is used for resting  beverages  upon it. Beverages coaster protects the surface, such as table from getting heated or dirty from the beverage kept in a glass, cup, bowl etc. Nowadays there has been a good demand for beverage coaster due to increase in the preferences of coffee shops, pubs, lounges, etc. by consumers where the most common food items sold are beverages. The beverage coasters are made of paper or foam which soaks the excess water of beverage cups, beer mugs, etc. and protect the surface of table. Even the beverage coaster are used for providing advertisement and trademarks of several brands. Beverage coasters are usually made of paperboard, tissue paper, foam, etc. which are expected to witness extensive growth during the forecast period 2017-2025. Global Beverage Coaster - Market Dynamics: In recent years, beverage coaster market have seen a noticeable growth due to the usage in h
Read more

Bottles Market Innovative Services And Advanced Applications, Future Growth Till 2032

  A comprehensive analysis on the Bottles market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Material, Capacity, End Use and Configuration over the next 10-years The global bottles market  is expected to reach a market valuation of  US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032. Future Market Insights (FMI) has predicted the bottles market size to top  US$ 108 Bn  in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic. These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic as preferred material, some of
Read more

Signage Market Forecast With Potential Impact, Despite Covid-19 Pandemic, Finds FMI 2022 - 2031

  The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages. Highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in the conventional retail. As per a study by Future Market Insights (FMI), this will create attractive scope for the expansion of the  signage market  between 2021 and 2031. Signage for retail stores can be made in different sizes and forms based on location of installation and intent of the business, but they all have the same purpose to attract customers and increase the awareness about the brand. Signage design plays a vital part in increasing the sales of the business. Signage design is the first brand impression that many customers remember about a brand. A good signage communicates products and services of company and what can a customer can expect from the company. For instance, McDonald's em
Read more