The global corrugated pallets market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Corrugated pallets are a lightweight, however, highly durable alternative to wooden pallets. They are made from heavy-duty corrugated cardboard and are designed to withstand the requirements of the entire supply chain. These plates have been manufactured through a range of methods which include corrugated top decks and bottom decks, internal support cells, and honeycomb support blocks. They are processed through various automated machine assemblies. With the growing transformation in the packaging industry and rising concerns about the environmental impact of materials, corrugated pallets have been introduced as the successor to wood plates. Corrugated plates are water-resistant, durable, reduced carbon dioxide emission, ease of handling, better cost efficiency than wood, and holds the ability to survive in the entire supply chain. These are some key factors that are driving the growth of the global corrugated pallets.
Additionally, these pallets are light in weight, as compared to wood, which supports to reduce shipping costs, which makes them the perfect alternative for use, and with the increasing awareness among consumers regarding the environment and sustainability, more suppliers will shift to the use of corrugated pallets. These are some other factors that are accelerating the growth of the market. However, alternate environment-friendly corrugated solutions such as octabins and corrugated cardboard boxes, which are also environment-friendly alternatives to wood and metals is expected to restrain the growth of the global corrugated pallets market.
Some major players in the market include DS Smith Packaging, Smurfit Kappa, and Kamps Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021, Kamps Inc., a pallet recycler and supplier, acquired Tritz Pallet, a company that is also offering pallet recycling and full-service pallet solutions. Additionally, in November 2021, Kraftpal, a manufacturer of durable lightweight, and recyclable corrugated pallets became one of the proponents to develop designs of corrugated cardboard pallets that meet the industry standards of legacy wooden pallets and aim to eliminate the use of wood in the mainstream logistical pipelines.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Raw Material
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– DS Smith, Smurfit Kappa, and Kamps Inc, among others.
A full report Corrugated Pallets Market of is available at: https://orionmarketreports.com/corrugated-pallets-market/104187/
Global Corrugated Pallets Market Report by Segment
By Product Type
- 3 Walls
- 3-5 Walls
- 5+ Walls
By Raw Material
- Angle Board
- Corrugated Sheet
- Others
By End-User
- Food & Beverages
- Chemical & Pharma
- Agriculture
- Metal & Machinery
- Wholesalers
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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