The demand for plastic pallets will grow at a CAGR of 7.12% during the forecast period. Plastic pallets are easy to clean, as a result of which they are extensively used in food and beverage, pharmaceutical and other industries, where contamination must be minimized. Plastic pallets are designed to last for years and are resistant to damage during normal and heavy use. In addition, their recyclable properties attract consumers who implement environmental friendly operations. APAC is the fastest growing market for plastic pallets, with countries like China and Japan showing 9% growth rate. The demand for plastic pallets is primarily from the pharmaceutical, grocery and frozen retail industries to avoid pest and mold infestations that arise from wooden pallets. Plastic pallets are more durable than wooden pallets. The average plastic pallets life ranges from 50 to 500 trips depending upon the size and type, whereas wooden pallets last for only 10 to 50 trips. Wooden pallets get damaged easily, which results in constant maintenance and repair. This has led the automotive industry to switch from wooden pallets to plastic pallets as swift movements and heavy load capacity lead to damage. The demand for plastic pallets from the end users have increased from 25% in 2014 to 39% in 2016, with cleanliness and safety being the primary criteria for purchase. The purchase of plastic pallets increased by more than 10% compared to that of wooden pallets.

 PART 01: Executive summary

Highlights

PART 02: Scope of the report

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Global plastic pallet market overview

Market segmentation

Global plastic pallet market

PART 06: Segmentation by type of materials

Plastic pallet market segmentation based on materials

PART 07: Geographical segmentation

Global plastic pallet market by geography

PART 08: Key drivers

PART 09: Impact of drivers

PART 10: Key market challenges

PART 11: Impact of drivers and challenges

PART 12: Key trends

PART 13: Vendor landscape

Key vendors

Brambles

CABKA IPS

LOSCAM

ORBIS

Rehrig Pacific Company

Schoeller Allibert

Other prominent vendors

PART 14: Appendix

List of abbreviations

PART 15: Explore Technavio