Plastic pallets have competed with wooden pallets for more than two decades. In fact, according to a report released in March 2021 by Grand View Research, the global plastic pallet market is expected to reach $10.4 billion by 2028, expanding at 5.6% CAGR from 2021 to 2028, driven by increasing demand for robust, long-term, contamination-free, and eco-friendly packaging, said Grand View Research.

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. Additionally, plastic pallets are made from a combination of virgin and recycled plastic resins, representing a good end use for recycled materials. This also makes plastic pallets more sustainable and less expensive, thus “generating considerable traction within the market,” said Grand View Research.

HDPE accounted for the largest share of the material segment by value in 2020. HDPE pallets are easy to clean, offer strong impact resistance, and solvent and corrosion resistance. They incur minimal or no damage from rough handling by forklift and other material handling equipment. In addition, HDPE pallets offer robust weather and chemical resistance, which makes them suitable for pharmaceutical and food applications.

Source: https://www.plasticstoday.com/