Europe Plastic Pallets Market

Europe Plastic Pallets Market By Plastic Type (Lumber Plastic and Molded Plastic), By Pallet Type (Nestable, Rackable, Stackable, Drum, and Others), By Materials (HDPE, PP, PVC, Others), By Function (Heavy & Medium Duty Plastic Pallets, Special Purpose Plastic Pallets), By End-use Industry (Metal & Machinery, Agriculture, Chemical & Pharma, Food & Beverage, Construction, Wholesalers, Exports, Others), By Sales Channel (Online, Offline) and Country (Germany, France, Italy, UK, Spain, Russia, Rest of Europe)

  • Report ID: MC-77
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 18
  • No. Of Pages: 157
  • Format:
  • Pub. Date: 2020-10-12
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Market Outlook:

The Europe Plastic Pallets Market was valued at USD 8,311.1 Million in 2019 and is projected to reach USD 13,793.8 Million by 2027 expanding at a CAGR of 7.2% during the forecast period, 2020-2027. Pallets are flat and stable panels that are used for the storage and transportation of raw materials and finished goods. These pallets are manufactured in different sizes and are available in a range of colors. Pallets are short in height, light in weight, and compatible for lifting weights; therefore, they are used as a base for assembling, loading, storing, handling, stacking, transporting, or displaying goods and loads.

Pallets protect goods and products from damage and contamination. Plastic pallets are used by various end-use industries such as food & beverage, pharmaceutical, consumer goods, electronics, and textile. These pallets are used in warehouses of industries for convenient storage and transport of goods and material handling. Plastic pallets are often made of new HDPE or recycled materials.

Pallets are manufactured in such way that they are free from corrosion, weather resistance, and moisture and chemical resistant. Plastic pallets are stronger and lighter than wooden pallets. A wide range of plastic pallets such as drum plastic pallets, export plastic pallets, spill control plastic pallets, display plastic pallets, hygienic plastic pallets, anti-static plastic pallets, RFID plastic pallets, transport plastic pallets, shipping plastic pallets are available for various applications in the market.

Europe Plastic Pallets Market Key Takeaways

Market Dynamics

The market is driven by factors such as rising adoption of plastic pallets, emergence of RFID technology in plastic pallets, increasing number of end-user industries, growing application in warehouse logistics management, and plastic pallets are sustainable alternatives for wooden pallets. Conversely, increasing carbon footprint, high cost of plastic pallets are key restraints of this market. Growing R&D investments and increasing demand of pallets for effective supply chain are boosting the market.
Increasing adoption of plastic pallets by new end-use industries, and rising adoption of technologically advanced and environment friendly products are the key factors expected to create lucrative opportunities in the market.

Segmental Outlook

Based on plastic type, the Europe plastic pallets market is bifurcated into lumber plastic and molded plastic. The molded plastic segment held a significant share of the market around in 2019. Whereas, the lumber plastic segment is projected to expand at a highest CAGR during the forecast period. The large share of the molded plastic segment is attributed to rising applications of plastic pallets in various end-use industries for safe storage and transportation of goods. The lumber plastic segment is expected to grow in the near future, owing to the increasing adoption of plastic carbonate from lumbar plastic as it is weather resistant, waterproof, and require less maintenance. Molded plastics pallets are strong and durable and are used for various applications in the consumer goods industry, automotive industry, and medical industry. These industries use plastic pallets for the storage of raw materials and finished goods. Plastic lumber is resistant to weathering, waterproof, mold, and borers, and do not require regular painting or maintenance. Conversely, it can lose its shape in extremely hot weather.

Europe Plastic Pallets Market By Type

On the basis of pallets type, the Europe plastic pallets market is segmented into nestable, rackable, stackable, drum, and others. The nestable segment is expected to account for a substantial share of the market in 2019, and is anticipated to expand at significant CAGR during the forecast period. Growing demand for strong and durable pallets by various companies for storing goods and raw materials in warehouses is fueling the adoption of nestable pallets, as these pallets are suitable for applications. The rackable segment is anticipated to expand at high CAGR during the forecast period. Forklifts can easily pick up and stack the rackable pallets, thus making the operating procedure smooth. Rackable plastic pallets are widely used for handling heavy duty loads and long distant shipping of goods. It is an ideal product for the storage of heavy-duty goods in warehouses, processing centers, and distribution centers. Stackable plastic pallets fit for food & beverage, pharmaceutical, and consumer goods industries. Other types of pallets are used by industries for storage and transportation include double-sided pallets, nine legs pallets, picture frame pallets, and three runner pallets.

Europe Plastic Pallets Market By Pallet

In terms of materials, the Europe plastic pallets market is segregated into HDPE, PP, PVC, and others. The HDPE segment accounted for 70.9% share of the market in 2019, and is anticipated to expand at significant CAGR during the forecast period. High density poly ethylene (HDPE) is the widely used for various industrial applications. The material has high strength which makes it suitable for pallets used for industrial export or in a closed-loop system. Growing demand for materials such as HDPE, PP, and recycled plastic by pallets manufacturers for producing strong and durable plastic pallets is expected to boost the market growth during the forecast period. The mixture of HDPE and PP materials is widely used for producing plastic pallets. HDPE and PP provides high strength and rigidity, and enhances the quality of the pallet.

Europe Plastic Pallets Market By Material

In terms of functions, the Europe plastic pallets market is classified as heavy & medium duty plastic pallets, special purpose plastic pallets. The heavy & medium duty plastic pallets segment accounted for 83.5% share of the market in 2019; however, the special purpose plastic pallets segment is anticipated to expand at significant CAGR during the forecast period. The demand for heavy duty and medium duty plastic pallets is increasing rapidly, due to high adoption by the food and beverages industry, pharmaceutical and chemical industry, electronics industry, and consumer goods industry.

The special purpose plastic pallets segment is anticipated to expand at higher CAGR during the forecast period. These pallets are designed for specific applications. The Anti-static industrial plastic pallet and RFID industrial plastic pallet comes up with additional feature and applications in various industries. The demand for these pallets is expected to increase in the future. This, in turn, is propelling the market. Antistatic pallets are widely used in the electronic industry, while the RFID pallets are used by multiple industries, as they help companies track the consignments.

Europe Plastic Pallets Market By HDPP

Based on end-use industries, the Europe plastic pallets market is segmented into metal & machinery, agriculture, chemical & pharma, food & beverage, construction, wholesalers, exports, and others. The food & beverage segment accounted for 21.9% share of the market in 2019 and is anticipated to expand at significant CAGR during the forecast period. The food & beverage segment is growing rapidly, followed by chemical & pharma. The industry is focusing on exporting and importing goods, thus fueling the demand for plastic pallets used for the storage of goods and products in distribution centers and warehouses. The plastic pallets are weather-resistant, chemical-resistant, and temperature-resistant; therefore, their demand is high from various end-use industries.

Europe Plastic Pallets Market By Share Value

In terms of distribution channels, the Europe plastic pallets market is categorized as online and offline channel. The offline segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period. Online and offline distribution channels offer a range of plastic pallets in different materials, sizes, strengths, and colors. The online channel allows consumers to purchase products through a company and/or e-commerce website. The offline channels can purchase products from retailers, wholesalers, and directly from manufacturers. Plastic pallets can be purchased in bulk from the offline sellers; however, bulk quantity cannot be purchased from online platforms. The offline segment is expected to hold a highest share in the Europe plastic pallets market, owing to the increasing number of purchases from offline channels. The online segment is expected to gain traction in the future, due to rising adoption of digitization among manufacturing companies. Growing online presence helps players to market their products overseas.

Europe Plastic Pallets Market By Distribution Channel

Country Outlook

Based on country & sub-region, the Europe plastic pallets market is segmented into Germany, France, Italy, UK, Spain, Russia, Rest of Europe. In Europe Germany is expected to accounts for market share of the market, followed by Italy. The market in Germany is projected to expand at a substantial CAGR during the forecast period. The market in Europe is expected to grow at a substantial pace during the forecast due to increasing use of plastic pallets by various industries such as the electronics, pharmaceutical, auto-ancillary, and F&B. The demand for heavy & medium duty plastic pallets is high and the heavy & medium duty plastic pallets segment is expected to dominate the market in the region. Most value chain companies involved in the manufacturing of plastic pallets are adapting their organizations to change, as technology and material industries develop. Several existing market opportunities are emerging for the advancement of plastic pallets for the use in several industrial applications. The plastic pallets used by industries need to comply with International Standards for Phytosanitary Measures No. 15 (ISPM 15) standard. This implies that the pallet material has been sufficiently treated and poses no threat to the ecosystem in the country.

Europe Plastic Pallets Market By Country

Competitive Landscape

  • Top players in the market include Brambles, Meridian Group D.O.O., CABKA Group, and WERIT Kunststoffwerke W. Schneider GmbH & Co. KG. These companies are considered as key manufacturers of plastic pallets based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the plastic pallets market.
  • On October 15, 2020, bekuplast GmbH announced that it is expanding in its product range with the introduction of colored Euro pallet. The high quality recycled material is used for the manufacturing of this pallet.
  • On November 12, 2018, bekuplast GmbH launched a new versatile pallet called varioPallet onto the market. This pallet finds applications in the special logistical requirements such as industry, intralogistics, food logistics, or trade.
  • For instance, on January 5, 2018, Schoeller Allibert entered into partnership with Brookfield Business Partners L.P. that acquired a 75% controlling interest in the Schoeller Allibert Group B.V. Brookfield Business Partners focuses on operating and owning high-quality businesses that benefit from low production costs and barriers to entry.

Europe Plastic Pallets Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Europe Plastic Pallets Market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Europe Plastic Pallets Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Pallets  Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Plastic Pallets  Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Plastic Pallets  Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Plastic Pallets  Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Europe Plastic Pallets  Market Size & Forecast, 2017-2027
      4.5.1 Plastic Pallets  Market Size and Y-o-Y Growth
      4.5.2 Plastic Pallets  Market Absolute $ Opportunity

4.6 Europe Plastic Pallets - Pricing Analsyis
4.7 Europe Plastic Pallets - Key Impact of Regulation
4.8 Europe Plastic Pallets - Technology Outlook
Chapter 5 Europe Plastic Pallets  Market Analysis and Forecast By Plastic Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Plastic Type
      5.1.2 Basis Point Share (BPS) Analysis By Plastic Type
      5.1.3 Absolute $ Opportunity Assessment By Plastic Type
   5.2 Plastic Pallets  Market Size Forecast By Plastic Type
      5.2.1 Lumber Plastic
      5.2.2 Molded Plastic
   5.3 Market Attractiveness Analysis By Plastic Type
Chapter 6 Europe Plastic Pallets  Market Analysis and Forecast By Pallet Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Pallet Type
      6.1.2 Basis Point Share (BPS) Analysis By Pallet Type
      6.1.3 Absolute $ Opportunity Assessment By Pallet Type
   6.2 Plastic Pallets  Market Size Forecast By Pallet Type
      6.2.1 Nestable
      6.2.2 Rackable
      6.2.3 Stackable
      6.2.4 Drum
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Pallet Type
Chapter 7 Europe Plastic Pallets  Market Analysis and Forecast By Material
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Material
      7.1.2 Basis Point Share (BPS) Analysis By Material
      7.1.3 Absolute $ Opportunity Assessment By Material
   7.2 Plastic Pallets  Market Size Forecast By Material
      7.2.1 HDPE
      7.2.2 PP
      7.2.3 PVC
      7.2.4 Others
   7.3 Market Attractiveness Analysis By Material
Chapter 8 Europe Plastic Pallets  Market Analysis and Forecast By Function
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Function
      8.1.2 Basis Point Share (BPS) Analysis By Function
      8.1.3 Absolute $ Opportunity Assessment By Function
   8.2 Plastic Pallets  Market Size Forecast By Function
      8.2.1 Heavy & Medium Duty Plastic Pallets
      8.2.2 Special Purpose Plastic Pallets
   8.3 Market Attractiveness Analysis By Function
Chapter 9 Europe Plastic Pallets  Market Analysis and Forecast By End-Use Industry
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By End-Use Industry
      9.1.2 Basis Point Share (BPS) Analysis By End-Use Industry
      9.1.3 Absolute $ Opportunity Assessment By End-Use Industry
   9.2 Plastic Pallets  Market Size Forecast By End-Use Industry
      9.2.1 Metal & Machinery
      9.2.2 Agriculture
      9.2.3 Chemical & Pharma
      9.2.4 Food & Beverage
      9.2.5 Construction
      9.2.6 Wholesalers
      9.2.7 Exports
      9.2.8 Others
   9.3 Market Attractiveness Analysis By End-Use Industry
Chapter 10 Europe Plastic Pallets  Market Analysis and Forecast By Sales Channel
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      10.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      10.1.3 Absolute $ Opportunity Assessment By Sales Channel
   10.2 Plastic Pallets  Market Size Forecast By Sales Channel
      10.2.1 Online
      10.2.2 Offline
   10.3 Market Attractiveness Analysis By Sales Channel
Chapter 11 Coronavirus Disease (COVID-19) Impact
   11.1 Introduction
   11.2 Current & Future Impact Analysis
   11.3 Economic Impact Analysis
   11.4 Government Policies
   11.5 Investment Scenario
Chapter 12 Europe Plastic Pallets  Analysis and Forecast
   12.1 Introduction
   12.2 Europe Plastic Pallets  Market Size Forecast by Country
      12.2.1 Germany
      12.2.2 France
      12.2.3 Italy
      12.2.4 U.K.
      12.2.5 Spain
      12.2.6 Russia
      12.2.7 Rest of Europe
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Europe Plastic Pallets  Market Size Forecast By Plastic Type
      12.6.1 Lumber Plastic
      12.6.2 Molded Plastic
   12.7 Basis Point Share (BPS) Analysis By Plastic Type
   12.8 Absolute $ Opportunity Assessment By Plastic Type
   12.9 Market Attractiveness Analysis By Plastic Type
   12.10 Europe Plastic Pallets  Market Size Forecast By Pallet Type
      12.10.1 Nestable
      12.10.2 Rackable
      12.10.3 Stackable
      12.10.4 Drum
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Pallet Type
   12.12 Absolute $ Opportunity Assessment By Pallet Type
   12.13 Market Attractiveness Analysis By Pallet Type
   12.14 Europe Plastic Pallets  Market Size Forecast By Material
      12.14.1 HDPE
      12.14.2 PP
      12.14.3 PVC
      12.14.4 Others
   12.15 Basis Point Share (BPS) Analysis By Material
   12.16 Absolute $ Opportunity Assessment By Material
   12.17 Market Attractiveness Analysis By Material
   12.18 Europe Plastic Pallets  Market Size Forecast By Function
      12.18.1 Heavy & Medium Duty Plastic Pallets
      12.18.2 Special Purpose Plastic Pallets
   12.19 Basis Point Share (BPS) Analysis By Function
   12.20 Absolute $ Opportunity Assessment By Function
   12.21 Market Attractiveness Analysis By Function
   12.22 Europe Plastic Pallets  Market Size Forecast By End-Use Industry
      12.22.1 Metal & Machinery
      12.22.2 Agriculture
      12.22.3 Chemical & Pharma
      12.22.4 Food & Beverage
      12.22.5 Construction
      12.22.6 Wholesalers
      12.22.7 Exports
      12.22.8 Others
   12.23 Basis Point Share (BPS) Analysis By End-Use Industry
   12.24 Absolute $ Opportunity Assessment By End-Use Industry
   12.25 Market Attractiveness Analysis By End-Use Industry
   12.26 Europe Plastic Pallets  Market Size Forecast By Sales Channel
      12.26.1 Online
      12.26.2 Offline
   12.27 Basis Point Share (BPS) Analysis By Sales Channel
   12.28 Absolute $ Opportunity Assessment By Sales Channel
   12.29 Market Attractiveness Analysis By Sales Channel
Chapter 13 Competition Landscape
   13.1 Plastic Pallets  Market: Competitive Dashboard
   13.2 Europe Plastic Pallets  Market: Market Share Analysis, 2019
   13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      13.3.1 CRAEMER GmbH
      13.3.2 WERIT Kunststoffwerke W. Schneider GmbH & Co. KG
      13.3.3 Greif Inc.
      13.3.4 Omnipack s. r. o.
      13.3.5 Smart Flow Europe nv
      13.3.6 bekuplast GmbH
      13.3.7 Meridian Group D.O.O.
      13.3.8 PURUS PLASTICS
      13.3.9 CABKA Group
      13.3.10 Vierhouten Groep BV
      13.3.11 Brambles
      13.3.12 Schoeller Allibert
      13.3.13 ORBIS Corporation
      13.3.14 CargoPlast GmbH
      13.3.15 Q-PALL BV
Key Segments Covered
By Plastic Type
  • Lumber Plastic
  • Molded Plastic
By Pallet Type
  • Nestable
  • Rackable
  • Stackable
  • Drum
  • Others
By Material
  • HDPE
  • PP
  • PVC
  • Others
By Function       
  • Heavy & Medium Duty Plastic Pallets
  • Special Purpose Plastic Pallets
By End-Use Industry      
  • Metal & Machinery
  • Agriculture
  • Chemical & Pharma
  • Food & Beverage
  • Construction
  • Wholesalers
  • Exports
  • Others
By Sales Channel
  • Online
  • Offline
By Region (Country)
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe

Key Market Players Profiled in the Report
  • CRAEMER GmbH
  • WERIT Kunststoffwerke W. Schneider GmbH & Co. KG
  • Greif Inc.
  • Omnipack s. r. o.
  • Smart Flow Europe nv
  • bekuplast GmbH
  • Meridian Group D.O.O.
  • PURUS PLASTICS
  • CABKA Group
  • Vierhouten Groep BV
  • Brambles
  • Schoeller Allibert
  • ORBIS Corporation
  • CargoPlast GmbH
  • Q-PALL BV

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

According to this Growth Market Reports report, the Plastic Pallets market is likely to register a CAGR of 7.2 % during forecast period 2020-2027, with an anticipated valuation of USD 13,793.8 million by the end of the 2027.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2019), volume (Mn Units), pricing analysis, regulation impact, and technology outlook.

Rising adoption of plastic pallets, emergence of RFID technology in plastic pallets, increasing number of end-user industries, growing application in warehouse logistics management, and plastic pallets are sustainable alternatives for wooden pallets are the factors expected to drive the market growth during forecast period.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness decline of over 2.1% between 2019 and 2020 owing to the negative impact of COVID 19 pandemic on the plastic pallets market. The shutdown of production activities, disruption in supply chain due to restrictions on transportation activities, and temporary decline in demand for plastic pallets are some of the prime reasons responsible for this market trend.

The base year considered for the Europe plastic pallets market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017, and 2018 are the historic years and the forecast is provided from 2020 to 2027.

Factors such as GDP, Logistics/ Supply Chain, Population, Disposable Income, Rising Industrial Investments, Technological Advancement, Plastic Production and Consumption, Export in European Union, are analysed in the final report.

The Metal & Machinery, Agriculture, Chemical & Pharma, Food & Beverage, and Construction, are the key end-user driving the Plastic Pallets Market growth.

Major manufactures include, Brambles, Meridian Group D.O.O., CABKA Group, and WERIT Kunststoffwerke W. Schneider GmbH & Co. KG, and others.