LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global plastic pallets market report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
The pharmaceutical and grocery industries will be the main propeller for the plastic pallet industry. The pharmaceutical industries in countries like the US, the UK, Germany, and France are investing in high-quality hygiene pallets to avoid contamination of medicines.
Increased manufacturing activity in the automotive, oil and gas and shipping industries will drive plastic pallet use to accommodate higher load capacities. Nestable pallets used in the automotive industry can withstand 1.3 tons of dynamic load capacity and 3.4 tons of static load capacity. A shift in material handling in warehouses toward palletized handling systems will further bolster the use of the plastic pallet.
Competitive vendor landscape
The global plastic pallets market is composed of pallet manufacturers, pallet recycling specialists, pallet management companies, and pallet-pooling firms. These vendors compete by offering customized pallets that meet the distinct needs of customers. With vendors from different regions in mind, the market is moderately fragmented with many small family-owned players.
“Market vendors will invest significantly in developing new pallets by adopting new technologies, such as equipment tracking, and refining their service offerings. In addition, vendors are offering pooling services on a large scale to their customers. However, the increased adoption of modern logistics and the rapid growth of the retail industry will attract new vendors during the forecast period,” says Sharan Raj, a lead warehouse and storage analyst from Technavio.
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Top six plastic pallets market vendors
The company, through its CHEP brand, provides types of pallet and container pooling services for the automotive, aerospace, consumer goods, chemical, fresh food, and manufacturing industries.
Pallets are used across varied industries to improve supply chain efficiency and transport goods. Its range includes plastic, wooden, import and export, automotive, and aviation pallets. The company also produces composite blocks from waste fiber collected at sawmills and from waste timber recovered from repair of pallets at service centers.
The company provides returnable package handling solutions and equipment that are used to move and store products through supply chains. It offers a range of pallets including wooden pallets, 1.165 x 1.165 m plastic pallets, 1 x 1.2 m plastic pallets, display pallets, and pallet cages. As per the requirements, the company provides tailor-made pallets for the Asia, Australia, and New Zealand markets.
The company's plastic pallets are designed not to absorb moisture or contaminants. Their corrosion-proof construction can be steam cleaned, hot-washed, or chemically sterilized. This polyethylene, UV-inhibiting pallet is designed for the food and pharmaceutical industries.
The company was founded in 1849 and is headquartered in Oconomowoc, Wisconsin, US. The company carries out the manufacturing and sale of plastic returnable/reusable products for use in various material handling applications. The company is a part of Menasha Corporation.
The company provides a reusable and sustainable alternative to wood or metal or paperboard pallets. Its products are used in the beverage, agriculture, bakery, dairy and materials handling industries.
Some of its product offerings related to the warehouse and storage includes CRAFTPALLET (for handling cases of beer), GMA-228 plastic pallets (assists in automation to reduce food contaminants), nestable plastic pallets (used in grocery distribution supply chain), fire retardant plastic pallets, dairy plastic pallets, rackable standard plastic pallets, and delivery and distribution plastic pallets.
The company provides various product offerings, including foldable small and large containers, intermediate bulk containers, pails, dollies, and rigid pallet containers, plastic pallets, rotomolding products, and stackable containers. The company through its products cater to markets including agriculture, automotive, retail, industrial manufacturing, beverage, and food and food processing.
CABKA North America
The company offers a variety of plastic pallets in measures and pay loads, which includes light-weight one-way pallets, antistatic pallets and durable multi-use pallets, which are used for transportation and warehousing. Some of the products offered include batteries under series such as IPS universal plastic pallet PP and IPS plastic pool pallet PP.
Browse Related Reports:
- Global Palletizing Equipment Market 2016-2020
- Global Pallet Market 2016-2020
- Pallet Market in Europe 2016-2020
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