Canada Plastic Pallets Market Size & Outlook, 2023-2030
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Canada plastic pallets market highlights
- The Canada plastic pallets market generated a revenue of USD 310.2 million in 2023 and is expected to reach USD 461.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, high-density polyethylene was the largest revenue generating material in 2023.
- Polypropylene is the most lucrative material segment registering the fastest growth during the forecast period.
Plastic pallets market data book summary
| Market revenue in 2023 | USD 310.2 million |
| Market revenue in 2030 | USD 461.1 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-Density Polyethylene, Low-Density Polyethylene, Polypropylene |
| Key market players worldwide | Allstate Corp, Cabka, ORBIS Corp., Rehrig Pacific Company, Monoflo International, Polymer Solutions International, Perfect Pallets, TranPak |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global plastic pallets market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 461.1 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada plastic pallets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic pallets market will help companies and investors design strategic landscapes.
High-density polyethylene was the largest segment with a revenue share of 67.92% in 2023. Horizon Databook has segmented the Canada plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is home to diverse manufacturing sectors including paper, aerospace, automobile, machinery, food, and clothing. The government of Canada is offering numerous apprenticeship programs to attract skilled labor from other countries to strengthen its manufacturing sector.
Such positive government initiatives to boost manufacturing across sectors and build strong trade relationships with the U.S. are expected to benefit the plastic pallet market in the country. The e-commerce penetration has been considerably growing in Canada for the past few years due to the increased internet penetration and emergence of various e-commerce-based services.
Extensive use of Pallet to stack, store, protect, and transport raw materials and semi-finished & finished products across the manufacturing plant, distribution center, logistics vehicle, and retail point is mainly attributed to the market growth.
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Our clientele includes a mix of plastic pallets market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada plastic pallets market size, by material, 2018-2030 (US$M)
Canada Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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