United States Plastic Pallets Market Report and Forecast 2023-2028

United States Plastic Pallets Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the United States plastic pallets market is projected to grow at a CAGR of 4.30% between 2023 and 2028. Aided by the rising demand for durable and lightweight logistics solutions and the broadening applications of plastic pallets across various sectors, the market is expected to grow significantly by 2028.

Plastic pallets are becoming increasingly preferred over their wood counterparts due to their numerous advantages, including durability, lightweight nature, and resistance to chemicals and moisture. These pallets are commonly employed in diverse industries, such as food and beverages, pharmaceuticals, groceries, and electronics, primarily for transport and storage purposes.

A critical driver propelling the United States plastic pallets market growth is the escalating demand for durable and lightweight solutions in logistics and supply chain management. With the rise in e-commerce and the subsequent expansion of warehousing and distribution sectors, the requirement for efficient, sturdy, and easy-to-handle pallets has soared, subsequently driving up the demand for plastic pallets.

In addition, the widening applications of plastic pallets across various industries also play a crucial role in fuelling the United States plastic pallets market expansion. For instance, in the food and beverage industry, plastic pallets are favoured due to their easy-to-clean and hygienic nature, reducing the risk of contamination. Similarly, in the pharmaceutical industry, these pallets are utilised for their resistance to chemical reactions and moisture, safeguarding the integrity of the products during transportation and storage.

Moreover, sustainability concerns are driving the United States plastic pallets market forward. Compared to wooden pallets, plastic variants are more eco-friendly as they are fully recyclable and have a longer lifespan. As companies strive to reduce their environmental footprint and comply with stringent regulations, the adoption of plastic pallets is expected to rise.

Furthermore, technological advancements and innovations in the sector are promoting the United States plastic pallets market expansion. For instance, the development of RFID-enabled (Radio Frequency Identification) plastic pallets has revolutionised inventory management, offering real-time tracking and better control over supply chain operations.

Market Segmentation

The market can be divided based on product, material, type, size, end use, and region.

Market Breakup by Product

• Nestable
• Rackable
• Stackable
• Others

Market Breakup by Material

• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Others

Market Breakup by Type

• Single Use
• Reusable

Market Breakup by Size

• 48×40 Inches
• 42×42 Inches
• 48×45 Inches
• 56×44 Inches
• 37×37 Inches
• Others

Market Breakup by End Use

• Food and Beverages
• Construction
• Pharmaceuticals
• Retail
• Automotive
• Petroleum and Lubricants
• Others

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States plastic pallets companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• TMF Corporation
• Premier Handling Solutions
• Robinson Industries, Inc.
• Monoflo International
• Port Erie Plastics
• Fibertech Plastics
• ORBIS Corporation
• Polymer Solutions International, Inc.
• US Plastic Pallets & Handling
• Paxxal Inc
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.