Europe Plastic Pallets Market Size & Outlook, 2023-2030
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- Plastic Pallets Market Outlook
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Europe Plastic Pallets Market, 2018-2030 (US$M)
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Europe plastic pallets market highlights
- The Europe plastic pallets market generated a revenue of USD 2,076.1 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,076.1 million |
| Market revenue in 2030 | USD 2,902.4 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 27.2% of the global plastic pallets market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,934.4 million by 2030.
The increased international trade between the countries has resulted in the growth of internal logistics in the region, which is expected to benefit the plastic Pallet market. The European Union has been supportive of sustainable development through EU treaties by giving recognition to the environmental, economic, and social dimensions.
In December 2019, the European Commission published a new roadmap for sustainability in the EU’s economy, which largely impacted the end-use industries as the objectives pushed them to adopt green packaging including reusable plastic Pallet.
Furthermore, increasing plastic recycling activities by pallet producers across the region to promote a closed-loop pallet system are expected to benefit the market. Companies are continuously involved in product development and production expansion to meet the evolving consumer demands. Increasing production activities by such companies are expected to drive the demand for plastic Pallet.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allstate Corp | View profile | 53,400 | 3100 Sanders Road, Northbrook, IL, United States, 60062 | www.allstate.com |
| ORBIS Corp. | View profile | 1001-5000 | Oconomowoc, Wisconsin, United States, North America | www.orbiscorporation.com |
| Cabka | View profile | 501-1000 | Berlin, Berlin, Germany, Europe | cabka.com/de/de/m/kunststoffpaletten/ |
| Rehrig Pacific Company | View profile | 5001-10000 | Los Angeles, California, United States, North America | www.rehrigpacific.com |
| Monoflo International | View profile | 251-500 | Winchester, Virginia, United States, North America | miworldwide.com |
| Polymer Solutions International | View profile | 11-50 | Newtown Square, Pennsylvania, United States, North America | prostack.com |
| Perfect Pallets | View profile | 11-50 | Indianapolis, Indiana, United States, North America | perfectpallets.com |
| TranPak | View profile | 11-50 | Madera, California, United States, North America | www.tranpak.com/ |
Europe 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 Outlook will help companies and investors design strategic landscapes.
High-Density Polyethylene was the largest segment with a revenue share of 68.19% in 2023.
Horizon Databook has segmented the Europe plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
The increased international trade between the countries has resulted in the growth of internal logistics in the region, which is expected to benefit the plastic Pallet market. The European Union has been supportive of sustainable development through EU treaties by giving recognition to the environmental, economic, and social dimensions.
In December 2019, the European Commission published a new roadmap for sustainability in the EU’s economy, which largely impacted the end-use industries as the objectives pushed them to adopt green packaging including reusable plastic Pallet.
Furthermore, increasing plastic recycling activities by pallet producers across the region to promote a closed-loop pallet system are expected to benefit the market. Companies are continuously involved in product development and production expansion to meet the evolving consumer demands. Increasing production activities by such companies are expected to drive the demand for plastic Pallet.
- Europe Plastic Pallets Market Material Outlook (Revenue, USD Million , 2018-2030)
- High-Density Polyethylene
- Low-Density Polyethylene
- Polypropylene
- Others
- Europe Plastic Pallets Market Pallets Type Outlook (Revenue, USD Million , 2018-2030)
- Nestable
- Rackable
- Stackable
- Others
- Europe Plastic Pallets Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Petroleum & Lubricants
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Plastic Pallets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Plastic Pallets Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Plastic Pallets Market, 2018-2030 (US$M)
Europe plastic pallets market statistics, by material, 2018-2030 (US$M)
