Foldable And Collapsible Pallets Market: Overview
The foldable & collapsible pallets help in making the utmost utilization of the space as they can be used in the closed loop operation. The manufacturing companies have the maximum benefit of utilizing the foldable and collapsible pallets as it improves the ergonomics by minimizing the operational cost.
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Foldable And Collapsible Pallets Market: Facts
The market player, Agrico Plastics, manufacture the collapsible bulk container that has an increased durability and strength which helps in providing greater performance and profit. It is manufactured by using tough HDPE structural foam that is molded; they offer customized bins also as per the requirement of the customer.
Foldable And Collapsible Pallets Market: Segmentation
The global market for the foldable and collapsible pallets is fragmented into its material type, capacity, shape, application, and the end-user industry. On the basis of the type of the material used, the global market is segregated into plastic and metal. On the basis of the capacity, the market is categorized into 8000-10000 lb, 6000–8000 lb, 3000–6000 lb, and 1500–3000 lb. On the basis of the shape, the market is divided into square pallets and inline pallets. On the basis of the application, the market is bifurcated into jerry cans, drums, intermediary bulk containers, and others. On the basis of the end-user industry, the market is segmented into food & beverage, consumer goods, shipping and logistic, automotive, metalworking, pharmaceutical, chemical & petrochemical, industrial packaging, retail, aerospace, and electrical & electronics.
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Foldable And Collapsible Pallets Market: Growth Factors
There is an increasing requirement for efficient handling of the goods in huge volumes owing to the growth rate of trade. The key factor that is driving the foldable and collapsible pallets market is its ability to utilize the space efficiently while the goods are being transported. The other factors that are favoring the growth of the foldable and collapsible market are recyclability and reusability. The manufacturers are keener in making use of the foldable and collapsible pallets rather than using the rigid containers since they help in reducing the carbon footprint and that too without affecting the material handling capability. In the coming years, the market will have an increasing demand owing to the increased rate of global trade. The factor that will limit the growth of the market is the introduction of the flexitanks in the market which have gradually reduced the use of the bulk containers.
Foldable And Collapsible Pallets Market: Regional Analysis
Asia Pacific region is one of the largest manufacturing hubs in the world and it has an increased demand for the foldable and collapsible pallets which will be increasing in the coming years. The next major contributor in the market for foldable and collapsible pallets is the North America which is due to the increased exports. The market is growing at a moderate rate in the Western European region. The weakening economy is the reason for the sluggish market growth in the regions such as Latin America and Eastern Europe.
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Foldable And Collapsible Pallets Market: Competitive Players
The key market players that are involved in the foldable and collapsible pallets market include Safety Storage Systems, Justrite Mfg. Co., L.L.C., Robinson Industries, Inc., GEI Works, CEP Sorbents, Inc., Qingdao Huading Imp. and Exp. Co., Ltd., UltraTech International, Inc., Eagle Manufacturing Company, Nilkamal Limited., T.M. Fitzgerald & Associates, Jonesco (Preston) Ltd., and Shanghai Sourcing International Trade Co., Ltd.
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