Name: Pallet Boxes Market
Brand: Future Market Insights
SKU: REP-GB-7243
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Pallet Boxes Market

An Incisive, In-depth Analysis on the Pallet Boxes Market

This study offers a comprehensive, 360 degree analysis on the Pallet Boxes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pallet Boxes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Pallet boxes Market Analysis: Over 50% of the Revenue to be Generated by the Plastic Pallet Box Segment in 2018, which is expected to increase further by the end of 2028

The global market for pallet boxes was valued at US$ 1,810.4 Mn in 2017 and is projected to expand at a CAGR of 4.8%, during the forecast period (2018-2028).

Pallet boxes are type of containers which are attached with a pallet base for easy lift & transportation. Pallet boxes have a wide range of applications in the storage, shipping, and distribution of heavy and bulky loads. Pallet boxes are containers generally made from wood, plastics, metal such as steel or mesh wire and paper such as cardboard or corrugated board which is used for storing & warehousing goods. One of the key factors such as easy stackability of pallet boxes which results in reduced space constraint both in warehouses as well as in shipment container is expected to drive the growth of pallet box market. The global pallet box market is largely organized in regions such as North America and Europe whereas it is expected to witness a broader opportunity in the Asia Pacific region. The global pallet box market is expected to be largely influenced by the high demand for the processed food & beverage as well as agriculture & it’s allied industries.

In terms of material, the plastic is expected to be the most attractive material segment for manufacturing pallet boxes across the globe. As food safety compliance and reusability is a growing attraction among manufacturers, they are looking for sustainable material-handling options and thus, plastic pallet boxes will continue to gain acceptance in a range of markets including foods, beverages, pharmaceuticals, groceries, and others.

Drivers & Restraints

Some of the key drivers for the growth of the global pallet boxes market includes growing demand from logistic & warehousing industry across the emerging economies like India. The warehousing and logistical structure in India within the supply chain network up until a few years ago was at its infancy stage, with minimal investments for its development, relying on simple constructions for product storage and lacking technological adequacies. Today, the scenario in this segment has vastly improved as a result of brisk manufacturing activity, increased product consumption, improved overseas trade and the emergence of coordinated retailing in the country. Major manufacturing companies in India are moving towards utilizing services provided by growing warehousing industry, by outsourcing their requirements and services to major warehouse providers. This is positively affecting growth in demand for pallet box & containers market in India, which forms the backbone of warehousing services.

The global pallet box market is expected to witness high demand from the agriculture & allied industries, construction sector, for heavy engineering applications among others. One of the key factors which are expected to act as a restraint for the growth of the global pallet boxes market is the increasing prices of raw materials which might hamper the growth in the pallet boxes market over the forecast period.

Market Taxonomy

The global market for pallet boxes is segmented as per material type, pallet type, and end use industry.

As per material type, the global pallet boxes market is segmented as follows:

Wooden Pallet Box
Plastic Pallet Box
Metal Pallet Box
Paper Pallet Box

As per pallet type, the global pallet boxes market is segmented as follows:

Block Pallet
Stringer Pallet
Customized Pallet

As per end use industry, the global pallet boxes market is segmented as follows:

Agriculture & Allied Industries
Building & Construction
Chemical & Pharmaceutical
Food & Beverages
Engineering Products
Textile & Handicraft
Automotive
Other Industries

The plastic pallet box segment is expected to drive the global market in terms of revenue whereas as per volumetric analysis, the wooden pallet boxes are projected to dominate the market. Among the pallet base used, the block pallet segment is anticipated to dominate the global market during the forecast period. One of the major factors favoring block pallet type is that owners get access to moving loaded pallets from all four sides.

Competitive Landscape

Key players operating in the global market for Pallet boxes include Brambles Limited, Schoeller Allibert Services B.V., DS Smith Plc., Myers Industries, Inc., CABKA Group GmbH., Palettes Gestion Services, PalletOne, Inc., ORBIS Corporation, Dynawest Limited, Rehrig Pacific Company, Inc., TranPak, Inc.

In this report, Future Market Insights (FMI) offers a 10-year forecast of the Global Pallet Boxes Market between 2018 and 2028. In terms of value, the market is expected to expand at a CAGR of 4.8% during the forecast period. The study reveals market dynamics in seven geographic segments along with market analysis for the current market environment and future scenario over the forecast period.

Report Description

This Future Market Insights report studies the global pallet boxes market for the period 2018–2028. The prime objective of this report is to offer insights and key market trends pertaining to the global pallet boxes market that are gradually helping transform global businesses.

The global pallet boxes market report begins with the executive summary for various categories and their share in the pallet boxes market. It is followed by market dynamics and overview of the global pallet boxes market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the pallet boxes market. Furthermore, to understand the popularity of the market segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the pallet boxes market in each country and region, BPS and Y-o-Y growth analysis is provided.

The global market for pallet boxes is further segmented as per material type, pallet type, and by end use. On the basis of material type, the global market for pallet boxes is segmented into wooden pallet box, plastic pallet box, metal pallet box, and paper-based pallet boxes. On the basis of the pallet type, the global pallet boxes market is segmented into block pallet, stringer pallet, and customized pallet. Further, based on the end use, the global pallet boxes market is segmented into agriculture & allied industries, building & construction, chemical & pharmaceutical, food & beverages, engineering products, textile & handicraft, automotive, and other industries.

The next section of the report highlights the pallet boxes market, by region, and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional pallet boxes market. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, the Middle East & Africa (MEA) and Japan. The report evaluates the present scenario and growth prospects of the regional pallet boxes market for 2018–2028.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the pallet boxes market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the pallet boxes market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on the supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the pallet boxes market and identify the right opportunities across the market.

The market segment for global pallet boxes market has been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the pallet boxes market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the pallet boxes market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.

To understand key growth segments in terms of growth and adoption for pallet boxes globally, Future Market Insights developed the pallet boxes market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on pallet boxes, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in the total pallet boxes market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the pallet boxes marketplace.

Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings, and recent developments. Key players operating in the global market for pallet boxes include Brambles Limited, Schoeller Allibert Services B.V., DS Smith Plc., Myers Industries, Inc., CABKA Group GmbH., Palettes Gestion Services, PalletOne, Inc., ORBIS Corporation, Dynawest Limited, Rehrig Pacific Company, Inc., TranPak, Inc., among others.

Key Segments Covered

By Material Type