Paper Pallets Market 2018-2028 Top Key Players- Smurfit Kappa Group, Stora Enso, D.S Smith, Green Label Packaging, DNA Packaging Systems., Forward Pallet Pte Ltd, Kimmo (Pty) Ltd.

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Shipment and transportation of goods require the suitable solution to keep product stable during transit. Pallets are designed in such a way that they can protect the product from any damage, thus widely used as a packaging product to deliver goods. The pallets can be made from wood, plastics, metals, and paper. Earlier, plastic and metal pallets were widely used as packaging product for shipment. Nowadays, paper pallets can be the rationale for shifting from metal and wooden pallets. It is attributed to the fact that paper pallets are comparatively lightweight and provide recyclable alternatives to the conventional wooden and metal pallets. Also, the growth of paper pallets has become pronounced in the past few years, due to the substantial transformation of the manufacturers’ preference towards sustainable packaging products. The paper pallets are reusable so, they are restored back after use, instead of being dumped. These paper pallets are designed in a manner, that they can be used in multiple cycles. Furthermore, paper pallets are lightweight, compact and cost-effective. Thus these features are increasing its preference, over other pallets.

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Global Paper Pallets Market: Dynamics

One of the trends observed in the paper pallets market is that paper pallet manufacturers are majorly focusing on concentrating on specific segments, rather than other declining segments. One of the benefits of using paper pallets is that it provides better cube efficiency because paper pallets can yield in better fill rates, mainly in trucks and ocean shipments. It is due to the lower profile of paper pallets than wooden or metal pallets, as they can easily be customized to entirely fit the unit load. This factor is expected to drive the global paper pallets market during the next decade.

Global Paper Pallets Market: Segmentation

The global paper pallet market is segmented into the product type, pallet type, material type and end use.

On the basis of product type, paper pallets market is segmented into:

  • Reusable Paper Pallets
  • Non Reusable Paper Pallets

Paper pallets has high strength and bonding capacity. Therefore they are reused a number of times before they actually need recycling. Manufacturers majorly prefer reusable paper pallets rather than non-reusable, as it contributes towards the reduction of the landfilling issue.

On the basis of pallet type, paper pallets market is segmented into:

  • Open Paper Pallets
  • 2 Way and Multi Way Paper Pallets
  • Wing Paper Pallets
  • Reversible Paper Pallets
  • Honeycomb Paper Pallets

On the basis of pallet type, paper pallets market is segmented into:

  • Kraft Paper pallets
  • Corrugated & Cardboard paper pallets

On the basis of end use, paper pallets market is segmented into:

  • Food & Beverages Industry
  • Pharmaceuticals Industry
  • Cosmetics & Personal Care
  • Shipping & Logistics
  • Others

Global Paper Pallets Market: Key players

Some of the key players of global paper pallets market are Smurfit Kappa Group, Stora Enso, D.S Smith, Green Label Packaging, DNA Packaging Systems., Forward Pallet Pte Ltd, Kimmo (Pty) Ltd, Orion Pack Art., HPI Resources Berhad, Pallite Limited, Umiya Packers Private Limited, Shanghai Eltete Packaging Technology Co. Ltd, ImPakt Packaging, Lenzing Accessories (Pvt) Ltd, Yoj Pack Kraft and other paper pallets manufacturers.

Global Paper Pallets Market: Regional Overview

The global paper pallets market has been divided into seven key regions –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa (MEA)

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The key manufacturers of paper pallets market in Europe and North America market are majorly focusing on consolidation activities. They are grouping to reduce the competition in the market. In the Asia Pacific region, there is the higher absorption of the paper pallets in China, albeit, there is low consumption of the other paper & paperboard products from past few years. There has been a change in the market dynamics. Earlier, developing countries imports paper pallets from the European region to produce packaging product. Nowadays, there is shift in balance of trade in the import of packaging products, as Asian companies are accomplishing the demand, in addition, they have the capacity to export.

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