India Pallets Market

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
INDIA PALLETS MARKET ANALYSIS

• India Pallets Market, By Material Type (Wood,
  Composite Wood, Plastics, Paper Metal (Steel,
  Others)), By Structural Design (Block Pallets,
  Stringer Pallets, Customized Pallets), By End-Use
  (Engineering Products, Pharmaceutical Products,
  Chemical Petroleum Products, Textile
  Handicraft Products, Agriculture Allied
  Products, Leather Products Electronic Products,
  Marine Products, Others) - Size, Share, Outlook,
  and Opportunity Analysis, 2020 - 2027

3
Pallets are an important tool across the
logistics industry. It is a flat platform that
can carry the load in the warehouse. They are
basically used to store, protect, store, and
transport materials during material handling. It
is a portable platform and improves the
operational efficiency of the warehouses by
enabling easy movement of stacked goods. The
India pallets market is projected to
surpass INR 25000 Cr. by the end of 2027, in
terms of revenue, growing at CAGR of 13.9 during
the forecast period (2020 to 2027). Drivers Rapi
d growth in the manufacturing industries in India
is predominantly propelling the market growth of
the pallets. According to the India Brand Equity
Foundation, manufacturing industry has emerged as
one of the high growth sectors in India. India is
expected to become the fifth largest
manufacturing country in the world by the end of
the year 2020. The government aims to achieve a
25 GDP share and 100 million new jobs in the
sector by 2022.
4
Increasing development of the warehousing
industry in India is expected to drive the market
growth of the pallets. Increase in the overseas
trade coupled with the expansion of the
warehousing industry in India is another major
factor expected to propel the market growth of
the pallets. Moreover, improvement in the supply
chain management is creating demand for
warehouses which in turn augmenting the market
growth of the pallets. On basis of states, other
states dominated the India pallets market in
2019, reporting 31 market share in terms of
revenue, followed by Maharashtra and Tamil Nadu,
respectively.
Figure 1. India Pallets Market, Revenue Share
(), By States, 2019
5
Market Restraints The decline in international
trade from India is projected to hamper the
market growth of the pallets. For instance, in
September 2019, Indias exports declined for the
second time in three months in August as global
trade tensions and sluggish demand brought
down shipments by 6.1. An environmental concern
associated with the plastic pallets and strict
regulations regarding the production of plastic
is projected to hamper the market growth of the
pallets.
6
(No Transcript)
7
Market Opportunities Incrindustry for storing
and transportation of the pharmaceutical easing
utilization of pallets in the pharmaceutical
product is projected to offer new market
opportunities. Growing geriatric population
coupled with the increasing prevalence of the
chronic disease is creating demand for healthcare
products such as drugs and devices. The growth of
the pallets market is also attributed to the
expansion of the pharmaceutical industry. The
advent of disposable plastic pallets as it has a
lower negative impact on the environment is
projected to offer potential opportunities in the
near future. Growing demand for lightweight
plastic pallets as they increase the payload
capacity and are also easy to clean is propelling
the market growth. Also, the use of disposable
plastic pallets reduces the cleaning and shipping
cost time. Hence, the growing use of disposable
plastic pallets is projected to bolster the
market growth.
8
Figure 2. India Pallets Market Opportunity
Analysis
9
Market Trends Expanding e-commerce industry due
to growing trend of digitalization and online
shopping is creating demand for logistics
services is projected to foster the market growth
pallet. Increasing spending by consumers on
housing as well as other consumer goods due to
increasing disposable income is further expected
to foster the market growth of the pallets.
Moreover, the expansion of chemical industries is
also creating demand for the logistics of
chemical products thereby fueling the market
growth. RFID chips embedded pallets are gaining
popularity in the market and this is expected to
spur the market growth of the pallets. RFID chips
embedded pallets enable easy traceability and
real-time information of the products during
transportation. Moreover, it also measures the
temperature, humidity, and impact during
transportation. RFID chips embedded pallets are
majorly used in the chemical, pharmaceutical, and
food beverage industry.
10
Figure 3. India Pallets Market, Revenue Share
(), By Structural Design, in 2019
On the basis of structural design, block pallets
the India pallets market in 2019 with
around 64 of market share in terms of revenue,
followed by stringer pallets and customized
pallets, respectively.
11
India pallets Market - Impact of Coronavirus
(Covid-19) Pandemic Rapid surge in demand for
medical supplies, household essentials, and food
products as compared to the pre-Covid-19 scenario
has led to the changes in product category in
this distribution channel. These changes has
boosted the demand for corrugated boxes, cartons,
pallets and other packaging products and is
further expected to foster the growth of the
India pallets Market till mid quarter of
2021. Competitive Section Key players are
operating in the India pallets market are
Saraswati Engineering Limited, Schoeller Arca
TIME Material Handling Solution, Mekins Group,
Swift Technoplast Private limited, Doll Plast
Pallets, JIT Wood Packaging, LEAP India Pvt.
Ltd., Spanco Enterprises, Bharadwaj Packaging
Private Limited, Aristoplast Products Pvt. Ltd.,
B.D. Industries (India) Pvt. Ltd., Total Pack,
and DNA Packaging Systems
12

• Request Sample Report
• Request Customization
• Download PDF brochure
• Talk To Analyst
• Buy Now
• Reference https//www.coherentmarketinsights.com/
  market-insight/india-pallets-market-4036

13
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

14
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

15

• Thank You!
• Kindly follow CMI Social Media
  Profiles for the latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/