Mexico Plastic Pallets Market Size & Outlook, 2023-2030
Mexico plastic pallets market, 2018-2030 (US$M)
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Mexico plastic pallets market highlights
- The Mexico plastic pallets market generated a revenue of USD 181.4 million in 2023 and is expected to reach USD 267.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.7% 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 181.4 million |
| Market revenue in 2030 | USD 267.3 million |
| Growth rate | 5.7% (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, Mexico accounted for 2.4% 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 North America, U.S. plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 461.1 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 68.08% in 2023. Horizon Databook has segmented the Mexico plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has been a hub from past five years for many manufacturing companies belonging to various end-use industries due to advantages such as no tariff on trade. This can be attributed to the 12 free trade agreements of Mexico with approximately 46 countries globally.
The adoption of third-party logistics services in the country has been growing rapidly since 2014, owing to the various tangible benefits to manufacturers including the scalability and flexibility of the services in terms of labor, space, and time coupled with maximum network capacity facilitating flexible distribution.
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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 country-level data and insights on the Mexico plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plastic pallets market size, by material, 2018-2030 (US$M)
Mexico Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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