Global Thermal Pallet Covers Market Size study & Forecast, by Type (Air Freight Pallet, Standard Pallet), by Layer (Single Layer, Double Layer, 3 or More Layers), by Usage (Single Use covers, Reusable Covers), by Application (Foods, Beverages, Healthcare

Global Thermal Pallet Covers Market Size study & Forecast, by Type (Air Freight Pallet, Standard Pallet), by Layer (Single Layer, Double Layer, 3 or More Layers), by Usage (Single Use covers, Reusable Covers), by Application (Foods, Beverages, Healthcare & Pharmaceutical, Chemicals, Others) and Regional Analysis, 2023-2030

Global Thermal Pallet Covers Market is valued at approximately USD 3.99 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.70% during the forecast period 2023-2030. Thermal pallet covers, also known as insulated pallet covers, pallet blankets, or thermal shipping blankets, are protective coverings utilized to shield goods placed on fully loaded pallets. Designed for effortless installation, these covers offer quick application and removal, typically requiring only a few minutes for handling. Industries such as Pharmaceutical, Biotechnology and Food & Beverage are demanding temperature-controlled transportation and storage mostly cold which drives the Thermal Pallet Cover Market on a huge scale. Moreover, Globalization has fostered extensive interconnectivity among nations, facilitating the exchange of imports and exports. This has underscored the imperative for shipped products to maintain proper form and temperature during transit, a requirement fulfilled through the utilization of Thermal Pallet Covers, a driving force in contemporary logistics.

Globalization has increased the imports and exports between the nations which increased the usage of Thermal Pallets for desired deliveries. According to the World Trade Organization (WTO), Between 2019 and 2022, there was a 31% increase in the exports of goods and services from Least-Developed Countries (LDCs), with goods exports experiencing a substantial 41% growth in value during this timeframe. Urbanization induces a heightened awareness of health-conscious lifestyles among individuals, leading to an increased demand for perishable products that maintain freshness. This objective is attainable through the utilization of Thermal Pallets. The integration and development of smart technologies is a major platform where the market can perform where temperature monitoring and tracking systems provide information on the condition of the transported goods. However, the high cost of Thermal Pallet Covers due to the advanced and high-quality materials used stifles the market growth throughout the forecast period. Furthermore, Customization is a complex issue in this market where the manufacturers struggle to meet the requirements of different businesses with minimum expenditure.

The key regions considered for the Global Thermal Pallet Covers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the expansion of the pharmaceutical industry and the rising need for temperature-controlled logistics in the region. North America is expected to grow significantly over the forecast period, owing to factors such as growing support towards effective manufacturing and trade policies, along with the acceleration of the Food & Beverage industry in the dynamic eating habits of the consumers are expected to boost the market during the 2022-2030 period.

Major market player included in this report are:
Mettcover Global
Protek Cargo Srl
Cold Chain Technologies
Nordic Cold Chain Solutions
Polar Tech Industries Inc.
Insulated Products Corporation
LeghornGroup Srl
Combitheram A/S
Eco cool
Eceplast

Recent Developments in the Market:
 In June 2021, Cold Chain Technologies expanded its global presence into Latin America, offering its extensive 50-year expertise to the life sciences industry in the region. It is now expanding with support locations in Mexico, Colombia, Uruguay, and Brazil.
 In September 2022, THERMOLABO was appointed as the authorized distributor in France for METTCOVER GLOBAL. The product lineup includes thermal blankets designed for pallets and drums, along with pre-assembled kits tailored for insulating sea containers.

Global Thermal Pallet Covers Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Layer, Usage, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Air Freight Pallet
Standard Pallet

By Layer:
Single Layer
Double Layer
3 or More Layers

By Usage:
Single Use Covers
Reusable Covers

By Application:
Foods
Beverages
Healthcare & Pharmaceutical
Chemicals
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.