Plastic Pallet Market
                     Plastic Pallet Market: Clear Understanding of the Competitive Landscape and Key 
Product Segments
A pallet is a type of platform for transportation and storage of goods. It can be used as a 
material for storing, sorting and assembling goods in warehouses, as well as in manufacturing 
units, which are then lifted by jacking devices such as cranes or pallet jacks, forklifts, and front 
loaders. Pallets are used in various manufacturing industries for material handling activities and 
are considered to be an inexpensive way of handling goods.
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Key Players:-
Major players operating in the global plastic pallet market include,  Inc., CTC Plastics, Greiner
Assistec, Cabka North America, Purus Plastics GmbH, Plastic Products, Inc., Brambles Limited,
Rehrig Pacific, Enlightening Pallet Industry Co., Ltd., Schoeller Alliber, SDI Packaging, Agrico
Plastics Ltd., Bulk-Flow Company, Goplastic Pallet, and others.
Market Dynamics:-
The  growing  housing  and  construction  sector  coupled  with  increasing  manufacturing  unit  is
expected to fuel growth of the plastic pallet market. Among product type, lumber plastic is a
type of plastic which is manufactured from either recycled or non-recycled plastic. Unlike wood
composites, lumber plastic is 100% plastic. The product has certain advantages over wood and
wood composites which include high impact resistance, durability, moisture resistance, resistance
to fungal contamination, and others. They can be used for applications such as food & beverages,
pharmaceuticals, and chemicals among others.
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Market Outlook:-
Rising the import and export of food & beverage along with pharmaceuticals has further boosted
the need for durable and reliable product storing materials, thus, fueling demand for plastic
pallets. Factors such as light weight, durability, less labor requirement, and low-cost in terms of
floor space, is projected to become the fastest growing material segment among other materials,
globally.
Asia Pacific holds dominant position in plastic pallet market owing to increasing population and
rise in disposal income of the consumers. According to the China-Britain Business Council, China
is the world's largest consumer market for food and beverage products. The import of food &
beverages products from Spain to China increased by 48%, and 11% from France in 2015, as a
result of rising disposable income in the region. Therefore, significant increase in demand of food
and beverage products is expected to drive the plastic pallet market in Asia Pacific region during
the forecast period.
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