Demand for Economical Material with Excellent Mechanical Properties Boosts Paper Pallets Market, Says FMI

Despite
wooden pallets persisting to lead the pack, paper pallets is emerging as a
noteworthy candidate to sustain the future of pallet vertical. As compared to
their wooden and plastic rivals, paper pallets do not need chemical techniques
for enhancing their service span. Paper pallets show great resistance against
bacterial and fungal effect, as such ISPM-15 regulation is not compulsory for their
consumption.

In a
bid to display electronic items – laptops, smartphones, and tablets, operators
in electrical & electronics sphere are significantly demanding for
shelf-ready paper pallets. In addition, the adoption trend can be observed in
the cosmetics & personal care industry. Market players are performing
extensive R&D activities to enhance load-carrying capacity of paper
pallets. They eye Europe for ensuring expanded product footprint on grounds of
increasing sanitation requisite in the region.

Although summing up a meagre share in worldwide pallet market, FMI computes that the global paper pallet market is projected to grow at a healthy CAGR of ~6% over the forecast period (2019-2029).

Honeycomb at Forefront, Hybrid Pumps Up

Honeycomb
paper pallets is expected to maintain their supremacy throughout the forecast
period, reveals FMI. Although corrugated paper pallets offer better
customization features, honeycomb paper pallets gain an edge over by resonating
with the industrial automation trend. Honeycomb pallets, sturdy and
long-lasting, are vermin-proof as well as cost-effective. Furthermore, honeycomb
paper pallets ward off import and export headaches by complying with relevant
regulatory limitation.

On
the flip side, hybrid paper pallets are anticipated to showcase fastest growth
in the global paper pallets market. Hybrid pallets exhibit excellent bend and
bow resilience against heavier loads. Further, owing to greater sustainability,
sales of hybrid paper pallets are projected to speed up at promising rate,
finds FMI.

Four-Way Paper Pallets Outshine Two-Way
Counterparts

As
per FMI, two-way paper pallets good load-carrying capacity and require lesser
investment for manufacturing and provide good strength for load lifting. On the
contrary, two-way pallet delivers low flexibility and are accessible to
forklifts from two directions. As such, manufacturers are focusing on the
development of four-way paper pallets to respond to these drawbacks.

Four-way paper pallets possess static capacity of around 2, 800 pounds, higher versus two-way pallets. By coupling greater long-lastingness and sturdiness, four-way pallets enhance workforce efficacy. As forklift entry can happen regardless of the direction, four-way pallets do not need specific storage orientation during loading. Further, the flexibility of loading four-way pallets curtails loading and unloading time, thereby improving supply-chain operations.

For more insights into the Market, request a sample of this report@https://www.futuremarketinsights.com/reports/sample/rep-gb-7227

Analysts at FMI opine that “The industry of
paper pallet is in its nascent phase, yet sales of paper pallets are
mushrooming on back of their rigid structure and total recyclability.
Additional benefit of cost effectiveness is further set to boost paper pallets
market growth.”

FMI Blog

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