The global sales of corrugated pallet containers are estimated to be worth USD 1.6 billion in 2021 and are anticipated to reach a value of USD 2.8 billion by 2031. Sales are projected to rise at a CAGR of 6.1% over the forecast period between 2021 and 2031. The revenue generated by corrugated pallet containers in 2020 was USD 1.5 billion.
The corrugated pallet container market is being driven by increasing demand for lightweight, cost-effective, and eco-friendly packaging solutions. This demand is increasingly amplified by the development of e-commerce and global trade, which demands durable and sustainable transport packaging. The enhanced developments in corrugated technology, including strength and customizability, add to better performance and value of these containers.
Other factors that will propel the use of corrugated pallets are increased environmental regulations and consumer preferences for recyclable materials. The trends are that of coming up with innovative designs by industries catering to their specific needs and offering even greater protection and efficiency in logistics.
Global Corrugated Pallet Containers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.5 billion |
| Estimated Size, 2021 | USD 1.6 billion |
| Projected Size, 2031 | USD 2.8 billion |
| Value-based CAGR (2021 to 2031) | 6.1% |
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Corrugated pallet containers reduced shipping costs which consistently decrease fuel consumption and results in cost savings in several industries. The rising demand for online shopping through e-commerce sites of consumer electronics by the logistics companies is driving the growth of the heavy-duty corrugated pallet containers market.
Various countries have imposed strict regulations against the usage of single-use plastic packaging as it harms the environment. The corrugated pallet containers can be 100% recycled and reused which stands ahead in the market where strict regulations are imposed on single-use plastic packaging.
The increasing industrial trade activities across various countries will generate the growth opportunity for corrugated pallet containers due to their environmentally friendly feature.
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The major factor which can limit the growth of corrugated pallet containers is the cost of pallet containers. The prices of corrugated pallet containers are slightly high which can afford by small scale manufacturers. The increasing prices of raw materials, especially paper and pulp can hamper the growth of the corrugated pallet containers market.
Global Players in the corrugated pallet containers
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In Germany, the extensive applications of corrugated pallet containers across the pharmaceutical and automotive industry have increased followed by escalating logistics industry is fuelling the adoption of corrugated pallet containers which is expected to show substantial growth for the corrugated pallet containers market during the forecast period.
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Corrugated Pallet Containers Market
