According to the Corrugated Pallets market report, one driver in the market is global economic recovery.
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One trend in the Corrugated Pallets market is growing demand for lightweight pallets. The demand for lightweight pallets is increasing from the different end-user segments, such as the retail industry and e-commerce industry.
Lightweight pallets are manufactured using paper and corrugated board.
About Corrugated Pallets market
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The global corrugated pallets market is driven by an increase in the global economic activities after a decade-long recovery post-recession. Economic activities are expected to pick up the pace in 2017 and 2018 and are further expected to pace up during the forecast period.
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Key players in the global corrugated pallets market: Conitex Sonoco, DS Smith, KraftPal Technologies, Smurfit Kappa, and The Corrugated Pallets Company. Other Prominent Vendors in the market are: Green Label Packaging, GreenLight Pallet Company, Hurst Manufacturing, LIFDEK, PGS Group, and Tyoga Container.
The analysts forecast global corrugated pallets market to grow at a CAGR of 4.15% during the period 2017-2021.
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Further, the report states that one challenge in the market is rising prices of wood pulp and paper. The global corrugated pallets market is facing a tremendous margin pressure increase in the input cost and competition, which reduces the flexibility of the market vendors to raise the prices.
In 2015, paper mills had increased the prices of kraft paper by $20- $40 per ton; kraft paper is one of the important raw materials used in the production and manufacturing of corrugated pallets. The price for the paper is expected to increase by 10%-20% during 2017.
This increase in the price of paper will raise the manufacturing cost for the global corrugated pallets market.
Corrugated pallets are manufactured using corrugated materials, such as paper and cardboard. Corrugated paper pallets are lightweight, easy-to-handle, and less expensive compared with other materials, such as wood, plastic, and metal.
Therefore, using corrugated pallets saves the shipping, transportation, and warehousing costs. Corrugated pallets, because of their lightweight and printable ability, are also used at retail point-of-purchase as display packaging solutions.
List of Exhibits
Exhibit 01: Global pallets market growth rate 2016-2020 (% growth rate in volume)
Exhibit 02: Advantages and disadvantages of corrugated pallets
Exhibit 03: Life cycle of global corrugated pallets market
Exhibit 04: Global corrugated pallets market segmentation
Exhibit 05: Global corrugated pallets market 2016-2021 (million units)
Exhibit 06: Comparison of different types of pallets and their properties
Exhibit 07: Five forces analysis
Exhibit 08: Global corrugated pallets market segmentation by the end-user 2016 (% volume share)
Exhibit 09: Growth rate of global corrugated pallets market by end-users 2017-2021 (%)
Exhibit 10: Global corrugated pallets market by pharmaceutical industry 2016-2021 (million units) and more..