Latin America Plastic Pallets Market Size & Outlook
Latin America plastic pallets market, 2018-2030 (US$M)
Related Markets
Latin America plastic pallets market highlights
- The Latin America plastic pallets market generated a revenue of USD 316.4 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 316.4 million |
| Market revenue in 2030 | USD 474.7 million |
| Growth rate | 6% (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, Latin America region accounted for 4.1% 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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Latin America 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 68.2% in 2023. Horizon Databook has segmented the Latin America plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
In Central & South America, the demand for plastic Pallet has been growing over the past five years on account of increasing demand from end-use industries, especially from countries such as Brazil, Argentina, and Chile.
The Central & South American countries are largely dependent on FDIs from countries such as the U.S. and Germany, which are currently severely affected by the COVID-19. FDIs are expected to be very low in till 2022, which is expected to have a ripple effect on various manufacturing sectors.
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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 continent-level data and insights on the Latin America plastic pallets market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plastic pallets market size, by country, 2018-2030 (US$M)
Latin America Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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