Pallet Market in India to grow by USD 902.81 million from 2021 to 2026 | Driven by Growing Manufacturing Industry in India | 17000+ Technavio Reports
NEW YORK, April 13, 2022 /PRNewswire/ -- The "Pallet Market In India by Material (Wood, Plastic, Metal, and Corrugated paper) and End-user (Food and beverages, chemicals and pharmaceuticals, Retail, Construction, and Others) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The pallet market share growth in India by the wood segment will be significant for revenue generation. Pallets that can be reused are made from robust materials such as wood and plastic and can be used multiple times to aid in the efficient and safe movement of goods throughout the supply chain. Reusable plastic pallets are resistant to warping, shrinking, and splintering and can withstand even the most extreme weather. As a result, corporations convey sensitive products using reusable plastic pallets. They are typically made of more durable materials such as softwood, hardwood, plastic, etc., lowering the danger of damage from splinters or leakage. Such factors will increase the adoption of wood and thereby driving the market growth.
The potential growth difference for the pallet market in India between 2021 and 2026 is USD 902.81 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The growing manufacturing industry in India is one of the key drivers supporting the pallet market growth in India. The Indian government gives industry-specific incentives to encourage manufacturing. These measures are likely to have a favorable impact on the Indian industrial sector. As the manufacturing business expands, so will the production volumes of diverse items, which will have a direct impact on the demand for pallets. Furthermore, producers and stakeholders are stressing the adoption of safer transportation modules for commodities and consumer goods, resulting in an increase in the demand for pallets. During the forecast period, such factors are likely to propel the pallet market in India.
- Market Challenges - Volatility in raw material prices is one of the factors hindering the pallet market growth in India. Plastic, which comprises polyethylene (PE) and polypropylene (PP), is one of the common raw materials used to make pallets. They have seen a huge increase in price over the years, owing to supply-chain disruption. Any fluctuation in the cost of these raw materials creates anxiety among end-users such as pallet makers, affecting the margins of all key stakeholders in the pallet market value chain in India, including vendors. These price changes in raw materials are expected to have a negative impact on suppliers' profitability and capacity to efficiently meet end-user needs. These factors, in turn, are anticipated to have a negative impact on the pallet market in India over the forecast period.
To learn about additional key drivers, trends, and challenges -Download our FREE Sample Report right now!
Segmentation Analysis :
The pallet market in India report is segmented by Material (Wood, Plastic, Metal, and Corrugated paper) and End-user (Food and beverages, chemicals and pharmaceuticals, Retail, Construction, and Others).
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the pallet market size in India and actionable market insights on each segment.
Download our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The pallet market in India is fragmented and the vendors are deploying growth strategies such as price, brand, and variety to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- AKS Packaging Solutions Ind. -
- Aristoplast Products Pvt. Ltd.
- B. D. Industries India Pvt. Ltd.
- Brambles Ltd.
- CABKA Group GmbH
- DNA Packaging Systems
- Dollpast Machinery Inc.
- Ergen Plastic Industries
- Gee Enterprises
- Greif Inc.
- ImPakt Packaging
- LEAP India Pvt. Ltd.
- Mah Sing Group Berhad
- Nefab AB
- Nilkamal Ltd.
- Sintex Plastics Technology Ltd.
- The Supreme Industries Ltd.
- ONRACKS TMTE Metal Tech Pvt Ltd
- Giraffe Storage Solutions
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Pallet Market In India Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of over 12.2% |
Market growth 2022-2026 | USD 902.81 million |
Market structure | Fragmented |
YoY growth (%) | 11.81 |
Regional analysis | India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AKS Packaging Solutions Ind., Aristoplast Products Pvt. Ltd., B. D. Industries India Pvt. Ltd., Brambles Ltd., CABKA Group GmbH, DNA Packaging Systems, Dollpast Machinery Inc., Ergen Plastic Industries, Gee Enterprises, Greif Inc., ImPakt Packaging, LEAP India Pvt. Ltd., Mah Sing Group Berhad, Nefab AB, Nilkamal Ltd., Sintex Plastics Technology Ltd., The Supreme Industries Ltd., ONRACKS TMTE Metal Tech Pvt Ltd, and Giraffe Storage Solutions |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market Segmentation by Material
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2. Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 11: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2021-2026 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers – Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
5. Market Segmentation by Material
5.1 Market segments
Exhibit 22: Chart on Material - Market share 2021-2026 (%)
Exhibit 23: Data Table on Material - Market share 2021-2026 (%)
5.2 Comparison by Material
Exhibit 24: Chart on Comparison by Material
Exhibit 25: Data Table on Comparison by Material
5.3 Wood - Market size and forecast 2021-2026
Exhibit 26: Chart on Wood - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Data Table on Wood - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Chart on Wood - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Wood - Year-over-year growth 2021-2026 (%)
5.4 Plastic - Market size and forecast 2021-2026
Exhibit 30: Chart on Plastic - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Plastic - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Plastic - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Plastic - Year-over-year growth 2021-2026 (%)
5.5 Metal - Market size and forecast 2021-2026
Exhibit 34: Chart on Metal - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Data Table on Metal - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Chart on Metal - Year-over-year growth 2021-2026 (%)
Exhibit 37: Data Table on Metal - Year-over-year growth 2021-2026 (%)
5.6 Corrugated paper - Market size and forecast 2021-2026
Exhibit 38: Chart on Corrugated paper - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Data Table on Corrugated paper - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Chart on Corrugated paper - Year-over-year growth 2021-2026 (%)
Exhibit 41: Data Table on Corrugated paper - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Material
Exhibit 42: Market opportunity by Material ($ million)
6. Market Segmentation by End-user
6.1 Market segments
Exhibit 43: Chart on End-user - Market share 2021-2026 (%)
Exhibit 44: Data Table on End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 45: Chart on Comparison by End-user
Exhibit 46: Data Table on Comparison by End-user
6.3 Food and beverages - Market size and forecast 2021-2026
Exhibit 47: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)
6.4 Chemicals and pharmaceuticals - Market size and forecast 2021-2026
Exhibit 51: Chart on Chemicals and pharmaceuticals - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Data Table on Chemicals and pharmaceuticals - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Chart on Chemicals and pharmaceuticals - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2021-2026 (%)
6.5 Retail - Market size and forecast 2021-2026
Exhibit 55: Chart on Retail - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Chart on Retail - Year-over-year growth 2021-2026 (%)
Exhibit 58: Data Table on Retail - Year-over-year growth 2021-2026 (%)
6.6 Construction - Market size and forecast 2021-2026
Exhibit 59: Chart on Construction - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Chart on Construction - Year-over-year growth 2021-2026 (%)
Exhibit 62: Data Table on Construction - Year-over-year growth 2021-2026 (%)
6.7 Others - Market size and forecast 2021-2026
Exhibit 63: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 66: Data Table on Others - Year-over-year growth 2021-2026 (%)
6.8 Market opportunity by End-user
Exhibit 67: Market opportunity by End-user ($ million)
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing manufacturing industry in India
8.1.2 Growth of the e-commerce industry in India
8.1.3 Growth of containerization in India
8.2 Market challenges
8.2.1 Volatility in raw material prices
8.2.2 Concerns related to the use of pallets
8.2.3 Lack of proper warehousing infrastructure in India
8.3 Impact of drivers and challenges
Exhibit 69: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Adoption of reusable pallets
8.4.2 Emergence of pallet pooling
8.4.3 Rising popularity of pallet tracking technologies
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 70: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 71: Overview on factors of disruption
9.4 Industry risks
Exhibit 72: Impact of key risks on business
10. Vendor Analysis
10.1 Vendors covered
Exhibit 73: Vendors covered
10.2 Market positioning of vendors
Exhibit 74: Matrix on vendor position and classification
10.3 AKS Packaging Solutions Ind.
Exhibit 75: AKS Packaging Solutions Ind. - Overview
Exhibit 76: AKS Packaging Solutions Ind. - Product / Service
Exhibit 77: AKS Packaging Solutions Ind. - Key offerings
10.4 Brambles Ltd.
Exhibit 78: Brambles Ltd. - Overview
Exhibit 79: Brambles Ltd. - Business segments
Exhibit 80: Brambles Ltd. - Key offerings
Exhibit 81: Brambles Ltd. - Segment focus
10.5 CABKA Group GmbH
Exhibit 82: CABKA Group GmbH - Overview
Exhibit 83: CABKA Group GmbH - Product / Service
Exhibit 84: CABKA Group GmbH - Key offerings
10.6 Ergen Plastic Industries
Exhibit 85: Ergen Plastic Industries - Overview
Exhibit 86: Ergen Plastic Industries - Product / Service
Exhibit 87: Ergen Plastic Industries - Key offerings
10.7 Greif Inc.
Exhibit 88: Greif Inc. - Overview
Exhibit 89: Greif Inc. - Business segments
Exhibit 90: Greif Inc. - Key offerings
Exhibit 91: Greif Inc. - Segment focus
10.8 LEAP India Pvt. Ltd.
Exhibit 92: LEAP India Pvt. Ltd. - Overview
Exhibit 93: LEAP India Pvt. Ltd. - Product / Service
Exhibit 94: LEAP India Pvt. Ltd. - Key offerings
10.9 Nefab AB
Exhibit 95: Nefab AB - Overview
Exhibit 96: Nefab AB - Product / Service
Exhibit 97: Nefab AB - Key news
Exhibit 98: Nefab AB - Key offerings
10.10 Nilkamal Ltd.
Exhibit 99: Nilkamal Ltd. - Overview
Exhibit 100: Nilkamal Ltd. - Product / Service
Exhibit 101: Nilkamal Ltd. - Key offerings
10.11 Sintex Plastics Technology Ltd.
Exhibit 102: Sintex Plastics Technology Ltd. - Overview
Exhibit 103: Sintex Plastics Technology Ltd. - Product / Service
Exhibit 104: Sintex Plastics Technology Ltd. - Key offerings
10.12 The Supreme Industries Ltd.
Exhibit 105: The Supreme Industries Ltd. - Overview
Exhibit 106: The Supreme Industries Ltd. - Business segments
Exhibit 107: The Supreme Industries Ltd. - Key offerings
Exhibit 108: The Supreme Industries Ltd. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 ????Objectives
11.1.3 Notes and caveats
11.2 Inclusions and exclusions checklist
Exhibit 109: Inclusions checklist
Exhibit 110: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 111: Currency conversion rates for US$
11.4 Research methodology
Exhibit 112: Research Methodology
Exhibit 113: Validation techniques employed for market sizing?
Exhibit 114: Information sources
11.5 List of abbreviations
Exhibit 115: List of abbreviations
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