The analysts forecast the global plastic pallets market to grow at a CAGR of 7.12% during the period 2016-2020.
According to the report, demand from warehouse and logistics industry will be a key driver for market growth. The logistic sector was valued at $775 billion in 2015, and is expected to grow at CAGR of 5% through the forecast period.
The market growth is mainly driven by increasing economic activity and demands from the e-commerce sector. The logistic industry is increasing their focus on specific industries such as automotive, pharmaceutical and grocery, which are the key end users of plastic pallets.
Further, the report states that one of the challenges for the market will be difficulty in disposal after use. Plastic is not a bio-degradable material as it emits methane gas when decomposed. To make plastic pallets sustainable, manufacturers need to apply reverse logistics process to ensure that pallets are disposed. However, the process of reverse logistics is highly expensive, which results in suppliers and manufacturers disposing of the pallets.
Most of the plastic pallets are decomposed in landfill where it emits poisonous gas. Though plastic recycling is considered as a viable option, the type of resin used in plastics varies to great levels. HDPE infused plastic pallets are highly flammable making it hazardous to the environment.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Rehrig Pacific
- Schoeller Allibert
- CABKA North America
- Craemer Holding
- Euro Pool System International
- Greystone Logistics
- IPG Intelligent Packaging
- Kamps Pallets
- Litco International
- Prioridades Ecológicas
- Tianjin CIMC Logistics Equipment
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Segmentation by type of materials
PART 07: Geographical segmentation
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
PART 14: Appendix
PART 15: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/82qbhv/global_plastic
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets