Global Pallet Container Market 2017-2021
About Pallet Container
Pallet containers, also known as pallet boxes, are enclosed containers that can be forklifted and used for the storage and transportation of raw materials and products in bulk. These are made of wood, plastic, metal, and corrugated cardboard. Pallet containers are used as a material handling equipment in various end-user industries such as the automotive, retail, pharmaceutical, and chemical industries. The global pallet container market is driven by the growth of the global returnable transport packaging during the forecast period.
Technavio’s analysts forecast the global pallet container market to grow at a CAGR of 2.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pallet container 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 Pallet Container Market 2017-2021
Technavio recognizes the following companies as the key players in the global pallet container market: AUER Packaging, Brambles, CABKA Group, Olitec Packaging Solutions, and Schoeller Allibert.
Other Prominent Vendors in the market are: 1LOGISTICS ZURALSKI, Newgen Speciality Plastics, ORBIS, Plastic Pallet and Container, PRIECO, TranPak, and Wanzl.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of the returnable transport packaging market. Returnable transport packaging includes products such as reusable containers, pallet containers, drums, barrels, dunnage, racks, and pallets that enable manufacturers and various industrial users to transport raw materials and goods safely and efficiently across the supply chain.”
According to the report, one driver in the market is demand from the warehouse and logistics industry. The global logistics sector was valued at $780 billion-$ 825 billion in 2016 and is expected to grow at a CAGR of 5% during the forecast period. The market growth is mainly driven by the increasing economic activities and the rising demand from the e-commerce sector. The logistics industry is also increasing its focus on the industries such as the pharmaceutical, grocery, retail, and automotive industries that are the key end-users of pallet containers. The warehousing and logistics industry requires heavy duty pallet containers to export a variety of goods to various warehouses and distribution centers across the globe.
Further, the report states that one challenge in the market is volatility in the raw material prices. Pallet containers are manufactured using materials such as wood, plastics, metal, and corrugated cardboard. Volatility in the raw material prices is witnessed in the global pallet container market due to the gap in the demand and supply of the various raw materials. Steel, an alloy of iron and carbon, is used as a raw material for the manufacturing of pallet containers because of its low cost and high tensile strength. The expected fluctuation in the prices of the steel during the forecast period is anticipated to reduce the demand for the pallet containers made of steel.
AUER Packaging, Brambles, CABKA Group, Olitec Packaging Solutions, Schoeller Allibert, 1LOGISTICS ZURALSKI, Newgen Speciality Plastics, ORBIS, Plastic Pallet and Container, PRIECO, TranPak, and Wanzl.
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