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Global Pallet Covers Market 2017-2021

About Pallet Covers

Pallet covers are a special type of protective packaging used to protect packaged products from dust, dirt, and external environmental conditions. Pallet covers prevent scattering during the transportation of goods as they provide unitization. Advanced bio-degradable protective materials are developing in the market to replace the traditional, nondegradable materials like polyethylene and EVOH. To reduce the landfill and bring environmental sustainability in their product outcome, many companies are shifting their focus toward eco-friendly packaging.

Technavio’s analysts forecast the global pallet covers market to grow at a CAGR of 6.27% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global pallet covers 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Pallet Covers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DuPont
  • Eceplast
  • Insulated Products Corporation
  • Orion Plastics
  • Protek Cargo
Other prominent vendors
  • Flexpak
  • Image Plastics & Packaging
  • International Plastics
  • Pallet Wrapz
  • Peakfresh
  • Polar Tech Industries
  • PolyPak America
  • PowerPlastics Pool Covers
  • Syntex Industries
  • Uline
Market driver
  • Growth in demand for pallets
  • For a full, detailed list, view our report
Market challenge
  • Volatile raw material prices
  • For a full, detailed list, view our report
Market trend
  • Innovations in pallet covers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Pallet Covers Market 2017-2021

Technavio recognizes the following companies as the key players in the global pallet covers market: DuPont, Eceplast, Insulated Products Corporation, Orion Plastics, and Protek Cargo.

Other Prominent Vendors in the market are: Flexpak, Image Plastics & Packaging, International Plastics, Pallet Wrapz, Peakfresh, Polar Tech Industries, PolyPak America, PowerPlastics Pool Covers, Syntex Industries, and Uline.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovations in pallet covers. The global pallet covers market provides less scope for innovation and technological advances. Nonetheless, the vendors operating in the global pallet covers market are developing diversified products and innovations for enhancing their product portfolios. For instance, Tri-Cor pallet covers are providing customized printed pallet covers with the company name, logo, and product description for adding value to the pallet covers. Also, innovations, such as reversible pallet covers, which can be used as box liners are developed by Layfield Flexible Packaging for creating product differentiation through innovation in the packaging design.”

According to the report, one of the major drivers for this market is Growth in demand for pallets. The global demand for pallets is expected to increase during the forecast period. The demand has witnessed a substantial growth rate of around 4.90%-5.10% during 2012-2017, and it is further expected to register a growth rate of 5.50%-5.75% during the forecast period. This increase in the demand for pallets is due to an increase in the economic activities across the world. For instance, the global GDP has witnessed a considerable growth rate during 2015-2017.

Further, the report states that one of the major factors hindering the growth of this market is Volatile raw material prices. Volatility in the raw material prices that are used for the manufacturing of pallet covers will have a significant impact on the profits of the pallet covers vendors. For manufacturing pallet covers, the raw materials required are polyethylene, PVDC, EVOH, and PVA. These raw material prices are dependent on the crude oil prices. This is because the resins that are processed to make polymers are the by-products derived from crude oil. Hence, the change in crude oil price will directly reflect on the polymer pricing. The polymer market is witnessing a reduction in price since the last few years.

Companies Mentioned

DuPont, Eceplast, Insulated Products Corporation, Orion Plastics, Protek Cargo, Flexpak, Image Plastics & Packaging, International Plastics, Pallet Wrapz, Peakfresh, Polar Tech Industries, PolyPak America, PowerPlastics Pool Covers, Syntex Industries, and Uline.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Types of pallet covers
  • Market landscape
    • Market overview
      • Table Global pallet covers market segmentation
      • Table Global pallet covers market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global pallet covers market by end-user
      • Table Global pallet covers market by end-users 2016 (% revenue)
      • Table Global pallet covers market by end-users 2016-2021 ($ billions)
    • Global pallet covers market in pharmaceutical industry
      • Table Global pallet covers market in pharmaceutical industry 2016-2021 ($ billions)
      • Table Global pharmaceutical sales growth rate 2015-2019 (%)
    • Global pallet covers market in food industry
      • Table Global pallet covers market in pharmaceutical industry 2016-2021 ($ billions)
    • Global pallet covers market in chemical industry
      • Table Global pallet covers market in chemical industry 2016-2021 ($ billions)
  • Geographical segmentation
    • Global pallet covers market by geography
      • Table Global pallet covers market by geography 2016 (% revenue)
      • Table Global pallet covers market by geography 2016-2021 ($ billions)
    • Pallet covers market in APAC
      • Table Pallet covers market in APAC 2016-2021 ($ billions)
      • Table Top 10 ports by volume handled in 2015 (million TEU)
      • Table Growth rate of pallet demand in APAC 2016-2020 (%)
    • Pallet covers market in Americas
      • Table Pallet covers market in Americas revenue 2016-2021 ($ billions)
    • Pallet covers market in EMEA
      • Table Pallet covers market in EMEA revenue 2016-2021 ($ billions)
      • Table Growth rate of pallet demand in EMEA 2016-2020 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Growth in the containerized cargo volume 2011-2015 (% growth)
      • Table Air cargo growth rate 2010-2017 (%)
    • Market challenges
      • Table Types of raw materials used for pallet covers
      • Table Average crude oil prices 2012-2016 ($/barrel)
      • Table Reduction in polymer price 2015-2016 ($ per kg)
  • Market trends
    • Innovations in pallet covers
    • Growth of manufacturing and logistics sector in emerging economies
      • Table LPI rankings of emerging economies 2014 and 2016
    • Increase in demand for sustainable pallet covers
  • Vendor landscape
    • Competitive scenario
    • DuPont
      • Table DuPont: Geographical segmentation by revenue 2016 (%)
    • Eceplast
    • Insulated Products Corporation
    • Orion Plastics
    • Protek Cargo
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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