China Plastic Pallets Market Size & Outlook, 2023-2030
China plastic pallets market, 2018-2030 (US$M)
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China plastic pallets market highlights
- The China plastic pallets market generated a revenue of USD 1,142.3 million in 2023 and is expected to reach USD 1,808.0 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% 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.
Plastic pallets market data book summary
| Market revenue in 2023 | USD 1,142.3 million |
| Market revenue in 2030 | USD 1,808.0 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | High-density polyethylene |
| Fastest growing segment | High-Density Polyethylene |
| 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, China accounted for 15.0% 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 Asia Pacific, China plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 734.1 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 69.47% in 2023. Horizon Databook has segmented the China plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid expansion of the aforementioned sectors is expected to drive the demand for plastic Pallet over the forecast period. The top three export countries are the U.S., Australia, and New Zealand. Increasing trade has been responsible for the sizeable supply chain network in the country, thereby, driving the demand for plastic Pallet.
Pharmaceutical industry in the country has been booming in recent years and has gained significance owing to the changing lifestyle, which has resulted in an increasing number of individuals being diagnosed with various diseases such as cancer and heart problems. This has resulted in increased spending on healthcare in China.
Furthermore, constant free-trade agreements with various countries aiming to boost the trade are expected to fuel manufacturing activities, resulting in high demand for plastic Pallet, thereby, benefiting the plastic Pallet market.
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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 China plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into China plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China plastic pallets market size, by material, 2018-2030 (US$M)
China Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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