Report ID: SQMIG15A2254
Plastic Pallets Market Size, Share, Growth Analysis, By Material(High-Density Polyethylene, Low-Density Polyethylene, Polypropylene (PP), Others), By Type(Nestable, Rackable, Stackable, and Others), By Application(Food & Beverages, Chemicals, Pharmaceuticals, Petroleum & Lubricants), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2254 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Plastic Pallets Market Regional Insights
The North American pallet market is predicted to grow rapidly, with a CAGR of 5.2%, over the forecast period (2023-2030). This is due end-user businesses, particularly those in the domestic supply chain, are demanding more plastic pallets. Trade between the U.S., Mexico, and Canada has grown steadily over the years thanks to agreements including the United States-Mexico-Canada Agreement, or USMCA or the North American Free Trade Agreement (NAFTA).
Asia Pacific was a prominent region in the global market for plastic pallets, holding the biggest market share in 2022. Over the course of the projected period, the market is expected to expand at the quickest CAGR of 6.5% due to increased product demand by manufacturing industries in India, China, & Japan. Asia Pacific has developed into a center for the manufacturing sector as a result of the presence of countries that are a part of the agreement known as the Trans-Pacific Partnership (TPP). Free trade agreements like the TPP have boosted regional commerce and industry, which has gradually raised demand for plastic pallets.
Plastic Pallets Market Report Snapshots
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