The India pallet market size reached 194 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 293 Million Units by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
A pallet is a wooden structure used for storing goods and transporting freight. It uses pallet collars, stretch wraps, adhesives, and other means of stabilization for securing goods. Over the years, the design of pallets has evolved to enable the double stacking of fragile materials. In India, with the rising penetration of the Internet of things (IoT) and the emerging trend of automated handling systems, there has been a significant demand for high-quality pallets, which offer operational efficiencies throughout supply chains.
The India pallet market is primarily driven by rapid urbanization and industrialization. The growing pharmaceutical and chemical industries have created the need for safer and reliable transportation, storage, and material handling activities, thus propelling the growth of the market. Additionally, the increasing number of supermarkets and hypermarkets and rising construction and housing activities across the country have escalated the demand for pallets. Furthermore, manufacturers are developing reusable and recyclable pallets that provide a lower cost per trip and environmental impact.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India pallet market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type, application and structural design.
Breakup by Type:
Breakup by Application:
Food and Beverages
Chemicals and Pharmaceuticals
Machinery and Metal
Breakup by Structural Design:
Breakup by Region:
West and Central India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Type, Application, Structural Design, Region
North India, West and Central India, South India, East India
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Key Questions Answered in This Report
The India pallet market reached a volume of 194 Million Units in 2022.
We expect the India pallet market to exhibit a CAGR of 6.9% during 2023-2028.
The emerging trend of automated handling systems, along with the rising demand for pallets, as they simplify the process of loading and unloading and ensure the safe delivery of goods, is primarily driving the India pallet market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for pallets.
Based on the type, the India pallet market can be categorized into wood, plastic, metal, and corrugated paper. Currently, wood accounts for the majority of the total market share.
Based on the application, the India pallet market has been segregated into food and beverages, chemicals and pharmaceuticals, machinery and metal, construction, and others. Among these, food and beverages currently hold the largest market share.
Based on the structural design, the India pallet market can be bifurcated into block, stringer, and others. Currently, block exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India pallet market.
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