Global Corrugated Pallets Market 2017-2021
About Corrugated Pallets
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.
Technavio’s analysts forecast the global corrugated pallets market to grow at a CAGR of 4.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global corrugated pallets market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Corrugated Pallets Market 2017-2021
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the 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. These lightweight corrugated pallets offer the advantage of being easy nestable, for optimizing the space in the truck during the transportation of shipments.”
According to the report, one driver in the market is global economic recovery. 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. The economic recovery in the different economies across the world is expected to enhance the growth of the manufacturing and logistics sector of the countries. This growth in the manufacturing and logistics sector will drive the demand for corrugated pallets as they help in the material handling of products in performing these activities.
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.
Conitex Sonoco, DS Smith, KraftPal Technologies, Smurfit Kappa, The Corrugated Pallets Company, Green Label Packaging, GreenLight Pallet Company, Hurst Manufacturing, LIFDEK, PGS Group, and Tyoga Container.