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 –
- Ethylene Vinyl Acetate
- Other Plastics
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
- Construction & Building Materials
- Consumer Product
- Chemical & Fertilizers
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.
Regional analysis includes –
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the global pallet covers market
- Historical, current, and projected size of the global pallet covers market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the global pallet covers market strategies for key players operating in the protective fabrics and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the global pallet covers market
- Must-have information for global pallet covers market to sustain and enhance their market footprint
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.