Corrugated pallet containers are a natural alternative and effective packaging solution for plastic packaging material. It has observed that the corrugated pallet containers packaging has the highest recycling rate of any other form of packaging material.
Corrugated pallet containers have been manufactured through a variety of methods, which include internal support cells, corrugated top decks ad bottom decks, corrugated runners, honeycomb support blocks and others.
Corrugated pallet containers offer benefits such as higher fuel savings, easy transportation, recycling revenue, space optimization and eco-friendly properties. The corrugated pallet containers are lightweight that optimize the space utilization in the truck and reduce the cost of material handling in the warehouse.
The lightweight property of corrugated pallet containers significantly reduces the shipping costs, in comparison to wooden pallets. The end-use industries such as e-commerce, logistics and retail are favourably demanding lightweight pallet containers which are manufactured using paper or corrugated board. On the back of all aforesaid features, the demand for corrugated pallet containers is anticipated to propel during the forecasted period.
Which are the Factors Boosting the Demand for the Corrugated Pallet Containers Market?
Corrugated pallet containers reduced shipping costs which consistently decrease fuel consumption and results in cost savings in several industries. The rising demand for online shopping through e-commerce sites of consumer electronics by the logistics companies is driving the growth of the heavy-duty corrugated pallet containers market.
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What are the Opportunities for the Growth of the Corrugated Pallet Containers Market?
Various countries have imposed strict regulations against the usage of single-use plastic packaging as it harms the environment. The corrugated pallet containers can be 100% recycled and reused which stands ahead in the market where strict regulations are imposed on single-use plastic packaging.
The increasing industrial trade activities across various countries will generate the growth opportunity for corrugated pallet containers due to their environmentally friendly feature.
What are the Key Challenges that Might Restrain Growth of the Corrugated Pallet Containers Market?
The major factor which can limit the growth of corrugated pallet containers is the cost of pallet containers. The prices of corrugated pallet containers are slightly high which can afford by small scale manufacturers. The increasing prices of raw materials, especially paper and pulp can hamper the growth of the corrugated pallet containers market.
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Competitive Landscape
Global Players in the corrugated pallet containers are
DS Smith
OTB Container, LLC
KraftPal
RPP Containers
Reliant Packaging Ltd
Green Label Packaging
Palletkraft
Conitex Sonoco
Encase
Smartpaddle Technology Pvt. Ltd
Others.
Asian Players in the industry are
Sri Uma Cartons Pvt Ltd
Qingdao Vistapak Packaging Co., Ltd.
Rengo Co., Ltd.
CHUOH PACK INDUSTRY CO., LTD.
AWA SPINDLE CO., LTD
SHIV PACKAGING
SAMPURAN PACKAGING
Others
Why will Germany Generate High Demand for the Corrugated Pallet Containers Market?
In Germany, the extensive applications of corrugated pallet containers across the pharmaceutical and automotive industry have increased followed by escalating logistics industry is fuelling the adoption of corrugated pallet containers which is expected to show substantial growth for the corrugated pallet containers market during the forecast period.
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What is the Repercussion of the Pandemic on the Growth of the Corrugated Pallet Containers Market?
Due to the COVID-19 pandemic, the global corrugated pallet containers market has shown slight declination, as some leading manufacturing industries were closed. On import and export activities the restriction was imposed during the COVID-19 in several countries has lowered the growth of the corrugated pallet containers market.
As international trade began a few months ago the demand for corrugated pallet containers is expected to grow during the forecasted period.
Market Segmentation of the Corrugated Pallet Containers Market
By Layer:
Less than 3 layers (standard)
3-5 layers (robust)
More than 5 layers (extra robust for high dynamic and static capabilities)
