Market Overview:
The global pallet covers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for pallet covers from various end-use industries, such as pharmaceuticals, food and beverage, and chemicals. In addition, the growing awareness about hygiene and safety among consumers is also propelling the demand for pallet covers globally. Based on type, the global pallet covers market can be segmented into plastic, metal, and corrugated paper. Of these segments, plastic is expected to witness highest growth during the forecast period owing to its properties such as durability and resistance against moisture and dust. By application, pharmaceuticals industry is projected to account for a major share of the global pallet covers market in 2018 followed by food industry. The growth in this segment can be attributed to stringent regulations imposed by regulatory agencies across different countries regarding product safety and hygiene standards in packaging materials used for storing or transporting drugs or food products. Regionally speaking North America accounted for maximum revenue share of Pallets Covers Market in 2017 followed by Europe region .
Product Definition:
A pallet cover is a piece of material used to cover a pallet. Pallet covers can be made from a variety of materials, including plastic, cardboard, and cloth. Pallet covers protect the contents of the pallets from weather and contamination. They also help to keep products clean and organized while in storage or transit.
Plastic:
Plastic is a versatile material, which can be used in numerous applications. It has been witnessing rapid growth in the recent past owing to factors such as low cost and high durability. The demand for plastic is expected to increase over the forecast period owing to its growing usage across various industries including automotive, consumer goods, packaging & labeling and construction among others.
The global plastic production was around 962 million tons in 2015.
Metal:
Metal is a material that has widespread industrial applications. It can be classified as a metalloid or a metal. The metals are further segmented into two groups namely ferrous and non-ferrous. The ferrous group includes iron, nickel, chromium, etc., while the non-ferrous group includes copper, aluminum, silver etc.
Application Insights:
The pharmaceutical industry accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to factors such as increasing geriatric population, unavailability of affordable healthcare services for all, and growing demand for generic drugs across the globe.
In recent years, there has been a rise in demand for pallet covers from various industries including food and beverage (specifically cold storage), chemical, textile etc. These industries require large number of covered trucks at initial stages of their operations since they are new or expanding their businesses into foreign markets where they have to import products first onto their premises then transfer them onto storage facilities or final destinations within these countries respectively. This process requires a lot of product transportation on daily bases which eventually leads to high utilization rates leading companies like IBCrazy Ltd.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as food & beverage, pharmaceuticals, chemicals and others. China is one of the largest producers of pallets across Asia Pacific due to cheap labor costs and availability of raw materials.
The European market was valued at USD X million in 2017 owing to high product demand from various application industries such as food & beverages, pharmaceuticals, construction industry etc. Pallet covers are used for covering pallets that are about to enter into storage or distribution centers thus preventing dust/debris from settling on them thus affecting their lifespan or appearance (this will affect future sales).
Growth Factors:
- Increasing demand from the food and beverage industry for pallet covers to protect products from contamination and spoilage.
- Rising demand for pallet covers in the pharmaceutical and healthcare industries to protect products from moisture, dust, and other contaminants.
- Growing popularity of disposable pallet covers as a cost-effective alternative to traditional reusable covers.
- Proliferation of online retailing that has led to an increase in the number of shipments being sent through courier services and freight carriers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pallet Covers Market Research Report
By Type
Plastic, Metal, Corrugated Paper
By Application
Pharmaceutical Industry, Food Industry, Chemical Industry
By Companies
DowDuPont, Eceplast, Insulated Product Corporation, Orion Plastics, Protek Cargo, Flexpak, Image Plastics & Packaging, International Plastics, Pallet Wrapz, Peakfresh, DowDuPont, PolyPak America, PowerPlastics Pool Covers, Syntex Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Pallet Covers Market Report Segments:
The global Pallet Covers market is segmented on the basis of:
Types
Plastic, Metal, Corrugated Paper
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Food Industry, Chemical Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Eceplast
- Insulated Product Corporation
- Orion Plastics
- Protek Cargo
- Flexpak
- Image Plastics & Packaging
- International Plastics
- Pallet Wrapz
- Peakfresh
- DowDuPont
- PolyPak America
- PowerPlastics Pool Covers
- Syntex Industries
Highlights of The Pallet Covers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic
- Metal
- Corrugated Paper
- By Application:
- Pharmaceutical Industry
- Food Industry
- Chemical Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pallet Covers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pallet covers are a type of cover that is typically used to protect pallets from weather and other elements. They can be made from a variety of materials, including plastic, metal, or wood.
Some of the major players in the pallet covers market are DowDuPont, Eceplast, Insulated Product Corporation, Orion Plastics, Protek Cargo, Flexpak, Image Plastics & Packaging, International Plastics, Pallet Wrapz, Peakfresh, DowDuPont, PolyPak America, PowerPlastics Pool Covers, Syntex Industries.
The pallet covers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pallet Covers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Pallet Covers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pallet Covers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Pallet Covers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Pallet Covers Market Size & Forecast, 2018-2028 4.5.1 Pallet Covers Market Size and Y-o-Y Growth 4.5.2 Pallet Covers Market Absolute $ Opportunity
Chapter 5 Global Pallet Covers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pallet Covers Market Size Forecast by Type
5.2.1 Plastic
5.2.2 Metal
5.2.3 Corrugated Paper
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pallet Covers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pallet Covers Market Size Forecast by Applications
6.2.1 Pharmaceutical Industry
6.2.2 Food Industry
6.2.3 Chemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pallet Covers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pallet Covers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pallet Covers Analysis and Forecast
9.1 Introduction
9.2 North America Pallet Covers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pallet Covers Market Size Forecast by Type
9.6.1 Plastic
9.6.2 Metal
9.6.3 Corrugated Paper
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pallet Covers Market Size Forecast by Applications
9.10.1 Pharmaceutical Industry
9.10.2 Food Industry
9.10.3 Chemical Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pallet Covers Analysis and Forecast
10.1 Introduction
10.2 Europe Pallet Covers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pallet Covers Market Size Forecast by Type
10.6.1 Plastic
10.6.2 Metal
10.6.3 Corrugated Paper
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pallet Covers Market Size Forecast by Applications
10.10.1 Pharmaceutical Industry
10.10.2 Food Industry
10.10.3 Chemical Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pallet Covers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pallet Covers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pallet Covers Market Size Forecast by Type
11.6.1 Plastic
11.6.2 Metal
11.6.3 Corrugated Paper
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pallet Covers Market Size Forecast by Applications
11.10.1 Pharmaceutical Industry
11.10.2 Food Industry
11.10.3 Chemical Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pallet Covers Analysis and Forecast
12.1 Introduction
12.2 Latin America Pallet Covers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pallet Covers Market Size Forecast by Type
12.6.1 Plastic
12.6.2 Metal
12.6.3 Corrugated Paper
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pallet Covers Market Size Forecast by Applications
12.10.1 Pharmaceutical Industry
12.10.2 Food Industry
12.10.3 Chemical Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pallet Covers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pallet Covers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pallet Covers Market Size Forecast by Type
13.6.1 Plastic
13.6.2 Metal
13.6.3 Corrugated Paper
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pallet Covers Market Size Forecast by Applications
13.10.1 Pharmaceutical Industry
13.10.2 Food Industry
13.10.3 Chemical Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pallet Covers Market: Competitive Dashboard
14.2 Global Pallet Covers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 Eceplast
14.3.3 Insulated Product Corporation
14.3.4 Orion Plastics
14.3.5 Protek Cargo
14.3.6 Flexpak
14.3.7 Image Plastics & Packaging
14.3.8 International Plastics
14.3.9 Pallet Wrapz
14.3.10 Peakfresh
14.3.11 DowDuPont
14.3.12 PolyPak America
14.3.13 PowerPlastics Pool Covers
14.3.14 Syntex Industries