Corrugated Pallets Packaging Market: Overview
Modern lifestyle has led to the rise of many trends, one of which is to get things done ‘on demand’. Technology integration has resulted in many possibilities in the past few decades, such as – getting bank work done on our phones, making reservations without ever having to step out, and the likes. This has created a new generation of consumers with significantly different habits than those, two decades ago. In this changed environment, one of the things that many suppliers desire is ‘on demand packaging’
Corrugated Pallets are one such way of packaging, which are considered 100% recyclable and easily disposable. The global corrugated pallets market is gaining traction due to the increased emphasis of suppliers on sustainability. The modern consumer is aware of the impact of packaging materials on the environment, thanks to the internet and other sources, leading to an increased number of consumers desiring solutions with minimal impact on the planet. As a result, suppliers look for ways to reduce impact on the environment throughout the supply chain.
Corrugated Pallets market: Dynamics
The global packaging market has transformed over the past few years, and so has the variety of goods that are transported. Over the years, pallets have been used to safely transport and store raw corrugated material. Wood Pallet used to be the standard solution used by logistics companies. However, with the recent increase in concerns of environmental impact of materials, corrugated pallets have been introduced as a successor to wood pallets, and are quickly gathering steam, owing to their environment friendly characteristics. The key factors that are expected to act as drivers for the global corrugated pallets market are – easy disposability, properties such as water resistance, high durability, reduced carbon dioxide emissions, strength, ease of handling, better cost efficiency than wood, ability to survive the entire supply chain, and shipment compliance with ISPM 15. Their fully recyclable nature is known to negate the problems of landfills, which are a global environmental concern. All these properties increase the preference for corrugated pallets among suppliers. Other minor factors that work in their favor are their light weight, as compared to wood, which helps reduce shipping costs, thereby making them the perfect alternative. It is anticipated that with the increasing awareness among consumers regarding environment and sustainability, more suppliers will shift to sustainable solutions such as corrugated pallets. Despite all these factors, some of the reasons why there may be a hindrance to the growth of the global corrugated pallets market are – increasing popularity of alternate environment friendly corrugated solutions such as octabins and corrugated cardboard boxes, which are also considered environment friendly alternatives to wood and metals.
Corrugated Pallets market: Segmentation
The global corrugated pallets market has been segmented on the basis of the variety in which they have been made available in the market. The segmentation done is as follows: -
On the basis of raw materials:
- Angle board
- Corrugated sheet
On the basis of number of layers:
- Less than 3 layers of corrugated board (standard)
- 3-5 layers (Robust)
- More than 5 layers (extra robust for high dynamic and static capabilities)
On the basis of size:
- Very small - 400 x 600mm and 400 x 800mm
- Small - 600 x 600mm and 600 x 800mm
- Medium - 800 x 1200mm
- Large - 1000 x 1100mm and 1000 x 1200mm
- Very Large - 1220 x 1520mm
On the basis of end use industry:
- Other consumer goods
- Other industrial goods
On the basis of applications:
Corrugated Pallets market: Geographical and Competitive dynamics
Attributed to the huge volume of export & logistics sector, North America leads the global corrugated pallets market. Being the most developed of all with a well-informed consumer population, North America is anticipated to enjoy leading position in the global market, followed by Western Europe and APEJ. Economic powerhouses like China and India represent markets that have shown the growing need for economical products that also promise quality. India, for example, is looking to double the size of its logistics sector in the next five years, and therefore, growth of corrugated pallets market looks promising in the region.
Some of the key players in the global corrugated pallets market are – KraftPal Technologies Ltd., DS Smith Plc, The Smurfit Kappa Group, and Cone Pal Vertriebsgesellschaft.