Plastic Pallets Market 2024-2028: Size and Regulatory norms and standards on use of plastic pallets; growth driven by the Material, Some of key Companies Positioned Strategically

The plastic pallets market size by Material (HDPE and PP) and Geography (APAC, Europe, North America, South America, and Middle East and Africa), is forecast to increase by USD 1322.3 million. The market is expected to grow at a CAGR of  over 3.84% between 2024 and 2028.

• In the business world, adherence to regulatory norms is paramount, particularly in industries such as food processing and packaging. The Food and Drug Administration (FDA) in the US has established stringent standards for food handling and transportation, including the Food Safety Modernization Act (FSMA). These regulations mandate the use of food-grade plastic pallets that meet specific quality standards to prevent contamination by bacteria, chemicals, and other external agents. Vendors in the global plastic pallets market face challenges in ensuring compliance with these evolving regulatory requirements. In mid-2018, the FDA updated the FSMA regulations, emphasizing the importance of using high-quality, food-grade plastic pallets to maintain safety and sustainability in the food industry.
• The Plastic Pallets Market represents a significant business opportunity, driven by the growing demand for cost-effective, durable, and lightweight transportation solutions. These pallets offer numerous advantages over traditional wood pallets, including superior strength, ease of cleaning, and resistance to moisture and pests. Market growth is further fueled by increasing automation in logistics and the rising trend towards sustainable supply chain practices. Businesses seeking to optimize their operations and reduce costs should consider investing in plastic pallets.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Agrico Plastiques Ltee
• Allied Plastics Inc.
• Brambles Ltd.
• CABKA Group GmbH
• CTC Plastics
• De Vierhouten Groep BV
• DIC Corp.
• Enlightening Pallet Industry Co. Ltd.
• Greif Inc.
• Greystone Logistics Inc.
• Kamps Inc.
• Litco International Inc.
• Loscam International Holdings Co. Ltd.
• Monoflo International Inc.
• Myers Industries Inc.
• Nefab AB
• Perfect Pallets Inc.
• PGS Group
• Polymer Solutions International Inc.
• PURUS PLASTICS GmbH
• Rehrig Pacific Co.
• Schoeller Allibert
• SDI Packaging Inc.
• T.M. Fitzgerald and Associates
• TranPak Inc.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/