India Plastic Pallets Market Size & Outlook, 2023-2030
India plastic pallets market, 2018-2030 (US$M)
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India plastic pallets market highlights
- The India plastic pallets market generated a revenue of USD 445.3 million in 2023 and is expected to reach USD 734.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.4% 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 445.3 million |
| Market revenue in 2030 | USD 734.1 million |
| Growth rate | 7.4% (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, India accounted for 5.8% 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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India 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 66.74% in 2023. Horizon Databook has segmented the India plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the fastest-growing economies in the region. It is expected to witness the highest growth in the regional plastic Pallet market owing to large population, growing per capita income levels, increasing urbanization, and changing consumer demand.
Increasing global trade and commitment toward lowering trade barriers and rationalizing the tariffs are expected to increase the import/export activities, thereby, boosting the demand for plastic Pallet in the country.
India is emerging as a manufacturing and export hub in the world. Government initiatives like ‘Make in India’, ‘Atmanirbhar Bharat’, and tax relaxation for exporters are expected to increase the demand for packaging solutions in the country.
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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 India plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into India plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India plastic pallets market size, by material, 2018-2030 (US$M)
India Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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