Published Date: Mar, 2023 | 164 Pages | Report ID: MRU_293498
Pallet Pooling (Rental) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
293498 | Date :
Mar, 2023 | Pages :
164 | Region : Global |
Publisher : RI
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Pallet Pooling (Rental) market including various factors related to and dependent influencing the market growth.
A pallet sometimes inaccurately called a skid (a skid has no bottom deck boards), is a flat transport structure that supports goods in a stable fashion while being lifted by a forklift, pallet jack, front loader, work saver, or other jacking device, or a crane. A pallet is the structural foundation of a unit load which allows handling and storage efficiencies. Goods or shipping containers are often placed on a pallet secured with strapping, stretch wrap or shrink wrap and shipped.
The global pallet pooling (rental) market is driven by stringent government regulations related to hygiene issues in pharmaceuticals, demand for high durable pallets, and a simple rental system.
Reduction in product damage due to regular pallet repairs and quality checks aids the development of the global pallet pooling (rental) market.
The main point of attraction of companies that purchase plastic pallets is the reduction in the costs associated with the repair, maintenance and storage of pallets. Rental companies, therefore, eliminate these costs by providing regular quality checks on a monthly, quarterly or an annual basis to avoid any damage to pallets. Due to the renting of pallets, the costs are curtailed by eliminating pallet procurement and disposal programmes to manage inventory.
As plastic pallets are more durable than wooden pallets, their market is showing a promising growth.
Plastic pallets have a long life span of around 10-12 years and don\'t shrink, warp or splinter. In addition, they are capable of working efficiently in-house. Also, another major advantage of using plastic pallets is that unlike wooden pallets, plastic pallets don\'t incorporate nails, screws, or fasteners, which can possibly protrude, come-off, or loosen to cause damage to stock or injuries to the personnel handling them. In addition, plastic pallets exhibit resistance to different chemicals, resulting in increased reusability and reliability. Due to these factors, various end-use industries such as food and beverage, electronics, FMCG, and others find plastic pallets more durable and hence more attractive than wooden pallets, which is aiding growth of the plastic pallets market.
As the cost of wooden pallets is low compared to that of plastic pallets, it acts as a restraint to the growth of the plastic pallet market.
The cost of wooden pallets is low as compared to that of plastic pallets, which is expected to hamper the plastic pallets rental market. The high cost of plastic pallets is associated with the three types of moulding processes used during their manufacturing; namely injection moulding, blow moulding and rotation moulding. Injection and blow moulding are commonly used processes for bulk orders and for the faster production of pallets. Due to this high cost of moulding and size limitations, the market for rental plastic pallets is hampered.
The drawback that plastic pallets are strongly affected by a change in climatic conditions is also hampering the growth of the plastic pallet rental market.
Plastic pallets are unable to perform under changing climatic conditions; which is not the case with wooden pallets. Plastic pallets become brittle in cold conditions, soft in hot conditions, and when exposed to direct sun rays, they lose oil and become brittle. Such drawbacks are not experienced with wooden pallets – a main reason why they are preferred for export applications.
Demand for pallets that meet hygiene requirements and offer mechanical performance is an upcoming trend.
Various end-use industries such as food and beverage, FMCG, and pharmaceuticals look for hygienic, washable, and insect-free pallets due to various sanitary issues. Wooden pallets are unable to comply with these industry requirements, due to which the demand for plastic pallets is expected to grow. Plastic pallets are also easy to clean and dry, as they have a smooth and closed surface that eliminates cavities and doesn\'t allow dirt from accumulating.
The Pallet Pooling (Rental) market was valued at xx Million US$ in 2023 and is projected to reach xx Million US$ by 2030, at a CAGR of xx% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Pallet Pooling (Rental).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Pallet Pooling (Rental) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Pallet Pooling (Rental) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Pallet Pooling (Rental) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Pallet Pooling (Rental) Market: The major competitors working in the market are:
, Brambles, Buckhorn, CABKA, Contraload, Demes, Euro Pool, Faber Halbertsma, iGPS, Litco, Loscam, PPS Midlands, Schoeller Arca Time
Market by Order Type
HDPE
Polypropylene
Advanced Composite Material
Pallet Pooling (Rental) Data by Application
FMCG
Food and Beverage
Pharmaceuticals
Electronics
Chemical and Petrochemical
Others
Pallet Pooling (Rental) Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
The information about the Pallet Pooling (Rental) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Pallet Pooling (Rental) Market Report:
To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
To provide an in-depth analysis of the Pallet Pooling (Rental) market with information on various segment and sub-segments
To provide a regional analysis and global analysis for the Pallet Pooling (Rental) market size and their forecasts
To provide strategic profiles of the key players operating in the Pallet Pooling (Rental) market, their key competencies, and market competition
To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
The impact of COVID-19 pandemic on the Pallet Pooling (Rental) market
Target Audiences for Pallet Pooling (Rental) Market:
Investors
Investment Bankers
Key Consulting Companies and Advisors
Venture Capitalists
Large, Medium-sized, and Small enterprises
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