Spain Plastic Pallets Market Size & Outlook, 2023-2030
Spain plastic pallets market, 2018-2030 (US$M)
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Spain plastic pallets market highlights
- The Spain plastic pallets market generated a revenue of USD 176.7 million in 2023 and is expected to reach USD 249.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 5% 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 176.7 million |
| Market revenue in 2030 | USD 249.0 million |
| Growth rate | 5% (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, Spain accounted for 2.3% 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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Spain 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 67.4% in 2023. Horizon Databook has segmented the Spain plastic pallets market based on high-density polyethylene, low-density polyethylene, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
The country has experienced a strong collaboration between science and technology, resulting in the exceptional growth of manufacturing sector. Furthermore, increasing use of artificial intelligence in manufacturing and supply chain has bolstered the growth of industries including food & beverage and pharmaceuticals.
Therefore, the high adoption of new technologies in manufacturing and supply chain logistics is expected to benefit the plastic pallet market in the coming years. Spain is one of the worst-hit countries in Europe with coronavirus in 2020.
This has resulted in supply chain disruption, thus, negatively affecting manufacturing sector in the country owing to the lockdowns and restrictions on transport in the first two quarters of the year.
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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 Spain plastic pallets market , including forecasts for subscribers. This country databook contains high-level insights into Spain plastic pallets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain plastic pallets market size, by material, 2018-2030 (US$M)
Spain Plastic Pallets Market Outlook Share, 2023 & 2030 (US$M)
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