Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Paper Pallet Market Anticipated to Grow at a Significant Pace by 2025

by markit Wired

The COVID-19 pandemic has had a notable impact on the global economy, with restrictions on international trade and transport. This in turn has adversely impacted the global paper pallet market. Government-imposed restrictions on movement, transport, and social distancing on nationwide scales have cut deeply into the consumer spending in the paper pallets business, which is expected to continue through the 2nd quarter of 2020, squeezing the prospects of paper pallets for the near future.

According to a recent report published by Future Market Insights (FMI), the global paper pallet market is projected reach a US$ 800 Mn valuation by the end of 2025. The market is forecasted to display a steady rate of expansion through 2029. Manufacturers are preparing for substantial disruptions through 2020 in terms of the procurement of raw materials, reduced consumer demand, retail sales, and revenue. The temporary closure of non-essential businesses will have a major impact on the paper pallets market in the short term, states the FMI report.

To know more about this market, request a sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7227

Four-way Pallets Remain Highly Sought-after

Two-way paper pallets have been popular owing to lower costs and high strength for load-lifting capabilities. However, these designs are limited in terms of flexibility and multi-directional load-bearing capabilities. Consequently, four-way pallets have been adopted increasingly as a viable solution to these problems, and have surpassed two-way pallets in terms of demand. On the other hand, the lack of demand from end user industries during the pandemic is expected to restrain the supply side of the industry. Demand is likely to steadily recover following the end of the pandemic.

“In comparison to wooden and plastic pallets, paper alternatives are gaining traction as they do not need chemicals for a longer shelf life. Also, paper pallets are resistant to fungal and bacterial influences. These products are subject to relatively fewer regulations, strengthening production. Improvements in designs have resulted in superior load carrying capacity. Sustainability initiatives are also likely to contribute to demand. However, recovery is only possible depending on the duration of the COVID-19 pandemic.”

We offer tailor-made solutions to fit your requirements, request customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-7227

Europe to Hold the Lead; South East Asia and Oceania Catch up

Europe is one of the largest markets for paper pallets, driven by a high proliferation of end user industries such as pharmaceuticals, food & beverages, personal care & cosmetics, and consumer electronics. However, the widespread impact of the coronavirus across countries in the European Union has severely curtailed commercial and industrial activity in the region, eating into the requirement of pallet products.

The South Asia, East Asia, and Oceania regions are anticipated to generate remunerative opportunities for leading investors. The growth of leading manufacturers, and end users of paper pallets will remain a key factor in the market attractiveness of the region, once the coronavirus outbreak finally subsides.

The FMI report offers near and long-term growth outlook of the paper pallets market. Gain access to FMI’s exclusive COVID-19 tracker here.

Explore Extensive Coverage of FMI’s Chemicals & Materials Landscape

Oxalic Acid Market: Find in-depth insights on the global oxalic acid market with exhaustive segment-wide analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a 10-year forecast period.

Paraffin Wax Market: FMI’s report on the global paraffin wax market offers a comprehensive commentary on the market poised for prolific growth during 2019-2029. The study covers comprehensive evaluation of key impacting forces, revenue sources, and market leaders in addition to essential market strategies.

Polycarbonate Sheets Market: Get a deep-dive analysis on the adult diapers market with crucial insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders.

The post Paper Pallet Market Anticipated to Grow at a Significant Pace by 2025 appeared first on Industry News Analsis.