Asia Pacific Plastic Pallets Market Size & Outlook
Asia Pacific plastic pallets market, 2018-2030 (US$M)
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Asia Pacific plastic pallets market highlights
- The Asia Pacific plastic pallets market generated a revenue of USD 2,530.5 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, high-density polyethylene was the largest revenue generating material in 2023.
- High-Density Polyethylene is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,530.5 million |
| Market revenue in 2030 | USD 3,934.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | High-Density Polyethylene |
| 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, Asia Pacific region accounted for 33.2% 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.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 68.47% in 2023. Horizon Databook has segmented the Asia Pacific plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific has been a hub for manufacturing sector owing to the presence of countries that are involved in the Trans-Pacific Partnership Agreement (TPP). TPP is a free trade agreement that has strengthened the trade and manufacturing sector among countries in the region, thus, driving the demand for plastic Pallet over the years.
Asia Pacific held a share of 37% and 35% in the global trade in 2018 and 2019, respectively. Despite the dip of 14.5% in international trade in 2020, Asia Pacific has performed well in terms of trade. The region experienced a hike in global trade share, wherein exports stood at 41.8% and imports at 38.2%.
Although this is expected to rebound by 6.0% in 2021, the region experience significant growth in trade backed by the growing manufacturing sector. This is expected to benefit the plastic Pallet market over the coming years.
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Our clientele includes a mix of plastic pallets market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific plastic pallets market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific plastic pallets market size, by country, 2018-2030 (US$M)
Asia Pacific Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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