Pallet Container

Pallet Container

Global Pallet Containers Market to Reach $1.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Pallet Containers estimated at US$928.7 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$575.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Retail segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $255.3 Million, While China is Forecast to Grow at 8.2% CAGR

The Pallet Containers market in the U.S. is estimated at US$255.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$263.3 Million by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$171.3 Million by the year 2027.

Other End-Uses Segment to Record 4% CAGR

In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$141.3 Million in the year 2020 will reach a projected size of US$183.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.4% CAGR through the analysis period.

Select Competitors (Total 41 Featured) -

• 1LOGISTICS ZURALSKI
• AUER Packaging GmbH
• Brambles Ltd.
• Cabka Group GmbH
• Newgen Specialty Plastics Ltd.
• Olitec Packaging Solutions K/S
• Orbis Oy
• Plastic Pallet and Container, Inc.
• Schoeller Allibert Services B.V.
• TranPak Inc.
• Wanzl India Pvt Ltd.

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