DUBLIN–(BUSINESS WIRE)–The “Global Plastic Pallets Market Size, Share & Trends Analysis 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global plastic pallets market size is expected to reach USD 10.4 billion by 2028. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028.
Increasing demand for robust, long-term, contamination-free, and eco-friendly packaging, which accounts for a low cost per trip in the longer term as compared to expendable packaging coupled with a steady expansion of end-use industries is expected to fuel the growth to the market.
Plastic pallets are typically made from robust materials, including polypropylene (PP) and high-density polyethylene (HDPE), and are primarily intended for multiple trips rather than a single trip. Plastic pallets are made from virgin and recycled plastic resins. Virgin resin-based skids offer superior performances.
However, recycled resin-based…