Pallets Market with Global Competitive Analysis, and New Business Developments

[Gaurang Bansal 0]

A pallet is usually a form of tertiary packaging. It is a flat structure utilized as a unitization base of goods in the supply chain industry. Pallets provide the stacking, storage, protection, and transportation of materials for materials handling such as pallet jacks, and forklifts, for facilitating bulk storage or positioning in transport vehicles.

Wood Pallet: The wood pallet offers great value, in terms of price and performance. The low cost of wood, and offered ease in fabricating it in various sizes. Wood pallets garner massive popularity due to their low cost, portability, and stiffness.

Plastic Pallet: Plastic pallets offer higher durability, ease of cleaning, and numerous other benefits, along with exemption from ISPM 15. These pallets are rigid in structure and offer stability to goods in their storage and transportation.

Paper Pallet: Paper pallets are widely popular due to their light weight, ease of recycling, cleanliness, and exemption from ISPM 15. The reduced weight of paper pallets results in a decrease in their shipping cost. It also mitigates the need for returning pallets and hence again minimizes the involved costs.

 

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Wood Composite Pallet: The wood composite pallets can also be recycled. They are stiff and exempted from ISPM 15. These pellets are nestable and hence provide improved usage of the cube in storage and transport.

Rising E-Commerce Sales Increases Demand for Pallets
The growing sales in the e-commerce sector through platforms such as Amazon or Alibaba boosts the demand for pallets led by their worldwide rising usage in the warehouse. The rising digitization and surging online activities lead to their growing demand for logistics services. It is due to the rack stability provided by them and their anti-slip trips for efficient performance.

The major companies operating in the industry are Falkenhahn AG, Commonwealth Handling Equipment Pool, PalletOne Inc., and PGS Group.

Therefore, the expansion of the supply chain industry and growing shipping activities drive the demand for pallets for safe and stable transportation of goods.