The Global Plastic And Wood Trays Market size is projected to grow at a CAGR of 5.4% during the forecast period. The demand for affordable and sustainable pallets will drive the growth of this market over the next decade.
Plastic and wood trays are a type of packaging container that can be used in various industrial sectors such as food, medical, chemical manufacturing industry, transportation sector, and many more. It has the following features: Plastic trays are easy to maintain and can be used for multiple applications. Wood trays offer a higher level of hygiene than plastic or metal alternatives. Plastic trays are often preferred for high-volume applications because of their low cost. Wood trays are a popular choice for high-value products due to their aesthetics. Wood trays are one of the most sustainable packaging options available. Plastic trays are often preferred for high-volume applications because of their low cost. Wood pallets are generally used by small and medium scale industries, while plastic trays are more popular with large manufacturing facilities.
On the basis of Type, the global plastic and wood trays market is segmented into Wood Pallet and Plastic Pallet.
The Wood Pallet type of plastic and wood trays is a reusable storage container, generally made from solid sheets or strips of material. They can be made from any number of natural materials including bamboo, hardwood, metal wire, etc. In addition to being durable for reuse & transport, they have a low cost compared with other types. Generally, there are two kinds of wooden pallets--reusable ones and disposable ones. Most reusable wood pallets are treated with chemicals to increase their lifespan while most disposable wooden pallets aren't treated as they're meant for a single-time use only.
Plastic pallets are one of the most common types of plastic and wood trays. They consist of a flat, strong base with six to eight molded-in sidewalls that extend beyond the bottom part by at least an inch (five centimeters). The wall must be sufficiently high enough to keep contents from spilling over if the product is dropped or tilted during transport. Plastic pallets can also include drain holes for water collection and anti-slip surfaces, which help prevent goods from sliding off during transit.
On the basis of Application, the global plastic and wood trays market is segmented into Food Industry, Logistics Industry, Transportation Industry, and Others.
Plastic and wood trays can be used in various food industry applications such as packaging, storing, transporting, and displaying. Trays that are made of plastic offer efficiency through their lightweight which causes less damage to the product inside the tray while being transported. Plastic trays also provide stability for items like bottles or jars; they do not break easily and this helps maintain a high level of hygiene throughout the process. Wood is generally recommended for use with raw meat because it has antimicrobial properties due to its natural compounds, porosity, and roughness at cellular levels where bacteria cannot survive on them making wooden pallets more suitable than those made from plastics especially if there is risk involved (i.e., pathogen contamination).
Plastic and wood trays are used in the Logistics industry for transporting goods. Plastic trays can be made to have a greater resistance against damage than wooden crates, which is why they’re sometimes preferred by companies using them on their supply chains. The pace of global trade has accelerated over recent years, with logistics being one of the biggest components behind that growth. Consequently, more organizations across various industries are looking to optimize this area of their business operations through making use of plastic or wooden pallets - among others - while carrying out transportation activities internally or externally.
Plastic and wood trays are widely used in the transportation industry to store, stack, or carry items. They do not break or crack easily under high pressure which makes them an ideal choice for transportation purposes. Plastic trays especially have a long shelf life as they don’t wear out quickly due to exposure to any kind of environmental conditions. These properties make plastic trays highly preferred over wooden ones among transporters who work with sensitive goods that need constant protection from humidity changes during storage or transit time.
On the basis of Region, the global plastic and wood trays market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the overall sales volume in 2016. In addition to this Asia-Pacific was also a very promising region for major players operating in this industry. The countries from these regions have been contributing significantly to grow this market globally due to increasing disposable income among customers along with the growing middle-class population. Furthermore, these regions are expected to bring opportunities over the next six years as well because demand will rise at a significant pace during the forecast period owing to changing lifestyles across developing nations such as India & China, etc. The Latin American market for plastic and wood trays is expected to grow at a CAGR of around 12% during the forecast period. The market for plastic and wood trays in Europe is poised to grow at a CAGR of around 13.0% over the forecast period, due to its increasing applications across various end-use industries. The Asia Pacific is the largest market for plastic and wood trays, in terms of volume. The region has a significantly high demand from food industries due to rapid urbanization and increasing disposable income levels among consumers. The Middle East & Africa region is expected to account for the largest share in the global plastic and wood trays market by 2028.
The growth of this market will be driven by factors such as rising disposable income, growing demand from the food industry, changing lifestyles across the globe, etc., due to which product manufacturers are focusing on developing new products that can cater to different needs of consumers across regions. Additionally, huge investments being made in infrastructure development including construction activities have also contributed towards driving the plastic and wood tray market globally.
Up Market Research published a new report titled “Plastic and Wood Trays Market research report which is segmented by Types (Wood Pallet, Plastic Pallet), By Applications (Food Industrial, Medical Industrial, Chemical Industrial, Manufacturing Industrial, Logistics Industrial, Transportation Industrial, Others), By Players/Companies Polymer Solutions International, CHEP, PalletOne, Kamps Pallets, Inka-paletten, Pooling Partners, Falkenhahn AG, PECO, John Rock, Millwood, United Pallet Services, Pacific Pallet, Brambles, Craemer Holding, Langjia, ORBIS, Rehrig Pacific, Lika Plastic Pallet, CABKA Group, Schoeller Allibert, Qinghao Plastic Pallet, Greystone Logistics, IPG, Buckhorn, GEM, Rodman, Nelson, Loscam, Faber Halbertsma Group, PGS, Corrugated Pallets”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Plastic and Wood Trays Market Research Report |
By Type | Wood Pallet, Plastic Pallet |
By Application | Food Industrial, Medical Industrial, Chemical Industrial, Manufacturing Industrial, Logistics Industrial, Transportation Industrial, Others |
By Companies | Polymer Solutions International, CHEP, PalletOne, Kamps Pallets, Inka-paletten, Pooling Partners, Falkenhahn AG, PECO, John Rock, Millwood, United Pallet Services, Pacific Pallet, Brambles, Craemer Holding, Langjia, ORBIS, Rehrig Pacific, Lika Plastic Pallet, CABKA Group, Schoeller Allibert, Qinghao Plastic Pallet, Greystone Logistics, IPG, Buckhorn, GEM, Rodman, Nelson, Loscam, Faber Halbertsma Group, PGS, Corrugated Pallets |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 220 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Wood Pallet, Plastic Pallet and By Application Food Industrial, Medical Industrial, Chemical Industrial, Manufacturing Industrial, Logistics Industrial, Transportation Industrial, Others.
Some of the companies that are profiled in this report are:
Plastic and Wood Trays Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Plastic and Wood Trays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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