The Global Plastic Pallets Market Is Expected To Register A Cagr Of 3.5% In Terms Of Revenue Over The Forecast Period (2019 – 2027)

Plastic Pallets


Plastic pallets are flat, stable platforms that are used to support and transport goods and materials. Plastic pallets are used in processing and manufacturing facilities, conveying systems, distribution centres, static storage, and the transportation of heavy items to the manufacturing facility. Plastic pallets are used in a variety of places, including cold storage and food processing units, supermarkets, butcheries and bakeries, spinning and dying units, packaging sections, cement and fertiliser production units, publishing and printing houses, garment exporters, book publishers, and storing and transporting books and stationary items, to name a few.

 The global Plastic Pallets Market is expected to be valued at 586.05 million units by 2027 and is expected to register a cagr of 3.5% in terms of revenue over the forecast period (2019 – 2027).

In 2020, nestable pallets dominated the plastic pallets market, accounting for 43.6 percent of total revenue in the type segment. Because they can be nested into each other, they take up less space during return freight and are more cost-effective than other pallet types. They're also less expensive than rackable and stackable alternatives, making them ideal for export and open-loop supply chain applications.

The Covid-19 pandemic has had a negative impact on the global pallets market due to a halt in international trade, prolonged lockdowns, and supply and logistical activities around the world, but it has also aided in increasing the population's preference for e-commerce platforms, especially in countries like India and others where e-commerce was less prevalent. With the rise of e-commerce, supply chains have been forced to improve transportation and logistics in order to control the flow and cost of departing and incoming commodities, resulting in an increase in pallet demand. Covid-19 had a positive and negative impact on the plastic pallets market. 

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