Germany Plastic Pallets Market Size & Outlook, 2023-2030
Germany plastic pallets market, 2018-2030 (US$M)
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Germany plastic pallets market highlights
- The Germany plastic pallets market generated a revenue of USD 462.4 million in 2023 and is expected to reach USD 656.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 462.4 million |
| Market revenue in 2030 | USD 656.5 million |
| Growth rate | 5.1% (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, Germany accounted for 6.1% 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 Europe, Germany plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 491.7 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 68.43% in 2023. Horizon Databook has segmented the Germany plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Despite the decline in exports since 2012, the country has been experiencing an increase in exports since 2017. Exports largely include motor vehicles, machinery, chemicals, and consumer durable products.
The rising demand for German based automotive and machinery is expected to result in the growth of the country’s exports by over 80% by 2028. This is expected to drive the demand for plastic Pallet, which are considered ideal for logistics.
Some of the key pharmaceutical companies include Bayer, Boehringer Ingelheim, and Merck. This well-established pharmaceutical industry requires large volumes of plastic Pallet compared to wooden Pallet owing to the hygiene and contamination prevention benefits.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into Germany plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plastic pallets market size, by material, 2018-2030 (US$M)
Germany Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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