Global Corrugated Pallets Market Research Report 2023(Status and Outlook)

Global Corrugated Pallets Market Research Report 2023(Status and Outlook)

Report Overview

A pallet is a flat transport structure, which supports goods in a stable fashion while being lifted by a forklift, a pallet jack, a front loader, a jacking device, or a crane; sometimes, a pallet is inaccurately called a skid (which has no bottom deck boards). A pallet is the structural foundation of a unit load which allows handling and storage efficiencies. Goods or shipping containers are often placed on a pallet secured with strapping, stretch wrap or shrink wrap and shipped. Since its invention in the twentieth century, its use has dramatically supplanted older forms of crating like the wooden box and the wooden barrel, as it works well with modern packaging like corrugated boxes and intermodal containers commonly used for bulk shipping.

Corrugated pallets are a lightweight but highly durable alternative to wooden pallets. Made from heavy-duty corrugated cardboard, they are designed to withstand the demands of your entire supply chain. They also provide a solution to international export restrictions which cover the use of wooden pallets, such as ISPM15 (International Standards For Phytosanitary Measures).

Global Corrugated Pallets key players include DS Smith, Conitex Sonoco, Milwood, Kamps Pallets, etc. Global top four manufacturers hold a share nearly 40%.

Europe is the largest market, with a share about 40%, followed by China, and North America, both have a share over 45 percent.

In terms of product, 3-5 Layers is the largest segment, with a share over 45%. And in terms of application, the largest application is FMCG and Food, followed by Pharmaceutical Industrial, Electronic and Automotive, etc.

The Global Corrugated Pallets Market Size was estimated at USD 590 million in 2022 and is projected to reach USD 771.19 million by 2029, exhibiting a CAGR of 3.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Corrugated Pallets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Corrugated Pallets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Corrugated Pallets market in any manner.

Global Corrugated Pallets Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

DS Smith

Smurfit Kappa

Conitex Sonoco

PGS Group

Milwood

Kamps Pallets

The Corrugated Pallets Company

Market Segmentation (by Type)

Less than 3 Layers

3-5 Layers

Others

Market Segmentation (by Application)

Hospitals

Clinics

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Corrugated Pallets Market

Overview of the regional outlook of the Corrugated Pallets Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors