4 Way Pallets packaging market: Introduction
Packaging has become one of the most integral parts of most of the industries in the world. A pallet is a wooden loading surface allowing to support other packages in one loading unit in order to store, handle and transport them. It is designed to be handled by forklifts or pallet trucks. There are different types of pallets which are available on the market two way pallet, four-way pallet, standard pallets, frame pallet etc.
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4-way pallets is an example of rigid packaging. The most common example of rigid packaging is wooden pallets and containers.4-way pallets are most widely used in the shipping, transport, and storage of the goods from one place to another place. 4-way pallets comprise of four basic elements top deck boards, stringers, boards & blocks and bottom deck boards. When 4-way pallets are constructed with the help of blocks then the pallet is known as a true four-way entry pallet. Its uses in various industries have increased its preferences among the manufacturers across the globe and is anticipated to witness positive outlook by the end of forecast period. 4-way pallets provide the facility to consumers of ease of handling due to which the consumers are likely to get attracted towards the 4-way pallets.
4 WAY PALLETS packaging market: Dynamics
The global packaging has transformed over the past few years and so the variety of goods has also been transported. In recent times, the pallets have been used to safely transport and store raw material in it. The key factor that is projected to act as drivers of the global 4-way pallets market are high durability, strength, ease of handling, ability to survive under entire value chain etc. are some of the factors that are leading to a rise in demand of 4-way pallets. Increase in demand for safe transportation of products is likely to increase the demand for 4-way pallets market. The minor factors such as lightweight, as compared to wood, which helps in reducing shipping costs, thereby making the perfect choice for the consumers to prefer 4-way pallets. It is anticipated that with the increase in awareness among consumers due to sustainability and environment, more suppliers and distributors would like to prefer 4-way pallets. Despite all these factors, some of the reasons that may hinder the growth of 4-way pallets market are friendly corrugated solutions such as octabins which are to be considered as environmentally friendly alternatives to wood.
4 WAY PALLETS packaging market: Segmentation
The global 4-way pallets packaging market has been segmented as follows –
On the basis of material type, the global 4-way pallets packaging market has been segmented as:
- Wooden
- Plastic
- Metal
On the basis of end-user industry, the global 4-way pallets packaging market has been segmented as:
- Food & Beverages
- Electrical & Electronics
- Automotive
- Chemicals
- Other Industrial Goods
On the basis of application
- Logistics
- Storage
- Others
4 way pallets packaging market: Geographical Outlook
The global 4-way pallets packaging market has been divided into seven regions as follows –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
North America leads the global 4-way pallets market due to huge volume exports and the logistics sector. North America is anticipated to enjoy a leading position in the global market, followed by Western Europe and APEJ. Emerging economies such as India and China are likely to represent an incremental opportunity due to increase in trading.
4 WAY PALLETS packaging market: Key Players
Some of the players operating in the global 4- way pallets packaging market are – Johannesburg Timber and Box, PalnetUSA, SCOTT GROUP., HG Timber Ltd, James Coe Wood Products, Absolute Pallet, Inc, Recycling Express Inc., All Pallet Inc.
