South Africa Plastic Pallets Market Size & Outlook
South Africa plastic pallets market, 2018-2030 (US$M)
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South Africa plastic pallets market highlights
- The South Africa plastic pallets market generated a revenue of USD 89.8 million in 2023 and is expected to reach USD 131.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.6% 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.
Plastic pallets market data book summary
| Market revenue in 2023 | USD 89.8 million |
| Market revenue in 2030 | USD 131.7 million |
| Growth rate | 5.6% (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, South Africa accounted for 1.2% 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 Middle East & Africa, South Africa plastic pallets market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 131.7 million by 2030.
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Plastic Pallets Market Scope
Plastic Pallets Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 68.93% in 2023. Horizon Databook has segmented the South Africa plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is one of the promising countries in the Middle East & Africa and is emerging as a manufacturing hub over the past decade. Lack of structured incentives for waste management and recycling is a major challenge faced by the local government.
However, multiple use benefit of plastic Pallet are expected to fuel the growth of the South Africa plastic Pallet market in the coming years. Furthermore, the government initiatives in order to support automotive production in the country is yet another factor to drive the demand for plastic Pallet in South Africa.
For instance, the government has undertaken South African Automotive Masterplan (SAAM), which is aimed to improve global competitiveness and to transform the industry toward sustainable development by 2035.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into South Africa plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa plastic pallets market size, by material, 2018-2030 (US$M)
South Africa Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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