Pallet Covers Market: An Overview

Pallet covers are an advance palletizing films used to cover the exterior of the pallet. It is used in protective packaging to protect the pallet from scratches and other external factors. It is made from Polyethylene, Ethylene Vinyl Acetate, Plastomers, Elastomers & others. Pallet covers are used to safeguard unitized load from dust, dirt, and an external factor at the time of transit. Increase in containerization and increased in the packaging process is expected to fuel the growth of pallet cover during the forecast period.

Increase in intercontinental trade between developed economy and growing trade pattern. Shippers are increasingly using pallet covers to protect the goods from moisture and environmental factor. It has the advantage that it follows the form of the pallet. This helps when the load on the pallet is uneven. Sealing of pallet with pallet covers is done with the help of a heating machine. The film shrinks and settle to the product according to the shape and makes it easy to handle. It is also perforated on a roll for easy dispensing and is reusable as well as recyclable which makes it an excellent choice for packaging. It is used as a temporary and short term storage option to cover materials on a pallet and are an economical alternative to a pallet cover tarp. 

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Pallet Covers Market: Dynamic

The demand for pallet covers primarily influenced by the food and beverages industry, globally. The increase in bulk production and containerization activity is expected to drive the market for pallet covers in the forecast period. It is used by multi-packaging industry where a set of beverages containers are packed together, sealed and are transported to other places. It is also used in the pharmaceutical industry as a load unitizing solution. It is due to its transparency that allows excellent visibility of pallet contents. It is produced to sustain high tension load to cater to heavy industries. The increase in trade between developed economies and emerging countries is also expected to propel the pallet covers market during the forecast period. The increase in warehousing facility and retail industry growth are also expected to drive the pallet covers market due to storage of excess stock. Therefore, these are the factor expected to drive the global market for pallet covers during the forecast period.

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Pallet Covers Market: Segmentation

The global pallet covers market is segmented as follows –

By material type, the global pallet covers market is segmented into –

  • Plastic
    • Polyethylene
      • LLDPE
      • LDPE
      • HDPE
    • Ethylene Vinyl Acetate
    • Other Plastics
  • Fabric

By Thickness Type, the global pallet covers market is segmented into –

  • Up to 50 microns
  • 50-100 microns
  • 100-150 microns
  • 150 microns & above

By End Use, the global pallet covers market is segmented into –

  • Food & Beverages
  • Pharmaceuticals
  • Construction & Building Materials
  • Consumer Product
  • Chemical & Fertilizers
  • Others

Pallet Covers Market: Regional Outlook

India and China are expected to be the prominent market for the pallet covers market in the Asia Pacific region. Owing to development, industrialization, and intercontinental trade. Which requires protective packaging for transportation. Moreover, Europe is also expected to witness a positive outlook towards the pallet covers market. It is due to retail industry growth and warehousing facility carried out in Europe. The global market for pallet covers is expected to show positive growth in the forecast period. It is due to the growing demand for protective packaging for transportation.  

Recent Developments in the Global Pallet Covers Market

  • In June 2019, DuPont de Nemours, Inc. announced its spin-off with Corteva, Inc. and to become an independent company separation of its Agriculture Division.
  • In 2018, Sigma Plastics purchased California-based Poly Pak America. Now it is known as Poly Pak Packaging division of Mercury Plastics

Pallet Covers Market: Key Players

Some of the leading players operating in the global pallet covers market are as follows –

  • DuPont de Nemours Inc.
  • Eceplast Srl
  • Insulated Product Corporation
  • Orion Plastics Corp
  • Protek Cargo, Inc.
  • Flexpak Inc
  • International Plastics Inc
  • Pallet Wratz Inc
  • Peakfresh Products Pty Ltd
  • Polar Tech Industries Inc
  • Poly Pak America, Inc.
  • PowerPlastics Pool Covers

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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