Thermal Pallet Covers Market size was estimated at $XX billion in 2020 and is expected to reach $XX billion by 2028, growing at a CAGR of XX% during the forecast period of 2021 to 2028.
Thermal Pallet Covers Market
The thermal pallet covers help materials to maintain the temperatures of the packed products for a longer duration. These covers are compact, occupy less space, and are effective packaging solutions. Thermal pallet covers are mainly used in shipping and logistic industries to transport food, chemicals, and drugs under certain temperatures without changing the initial product formulation. These are also used in food & beverages, chemical, and pharmaceutical industries. Improper packaging of the products can lead to spoiling the products resulting in severe losses to the end-users.
The stable thermal condition provided by thermal pallet covers protects the products from being contaminated and maintains their quality. Other features like space-efficient, compact, confined area occupation and protection of materials with desired temperature requirements during transportation are the major reasons to prefer thermal pallet covers. With the increasing demand for the imports and exports of packed food and medicine across countries, the thermal pallet covers market is growing significantly.
Thermal Pallet Covers Market Growth and Trend
The growing demand for the imports and exports of drugs, food, and chemicals between major countries of the world is significantly driving the growth of the global thermal pallet covers market. The benefits associated with the thermal pallet covers in various fields have compelled industries to adopt them in transporting products without changing their initial composure. The Chemical, pharmaceutical, healthcare, food & beverages industries are the main end-user industries for thermal pallet covers. Hence, the thermal pallet covers market is growing along with demand for these industries.
The World Economic Forum (WEF) has announced that 170 countries have pledged for plastic reduction by 2030. It worried the key players of the market as the aversion of plastic materials in the thermal in packaging solutions can be a minor restraint in the development of pallet covers market. In addition to this, the covid19 pandemic has shown a negative impact on the shipping and logistics industries. Governments of major economies imposed restrictions on the import and export of goods with affected countries. It lowered the thermal pallet covers market, but gradually the market is gaining pace with the ongoing lenience on these restrictions.
Thermal Pallet Covers Market Segmentation
The Thermal Pallet Covers market is segmented by size, usage, and application. Based on the size, the market consists of standard pallet size and airfreight pallet size. By usage, the market is divided into single-use and multiple uses. Based on application, the market is segmented into the pharmaceutical industry, food industry, and chemical industry.
Thermal Pallet Covers Market Country Analysis
Europe and North America are likely to dominate the overall market growth during the forecast time frame. The regional growth can be attributed to the adoption of thermal pallet covers by numerous shipping and logistic industries. Moreover, with the massive growth of chemical and pharmaceutical industries in developing countries like India, China, and Japan, the market in the Asia Pacific region is predicted to witness growth at a higher CAGR.
Thermal Pallet Covers Market Share and Competition
The major players operating in the global thermal pallet covers market are Softbox Systems Ltd., products & Services, Insulated Products Corporation, Protek Cargo Srl, Nordic Cold Chain Solutions, Eceplast Srl, Polar Tech Industries Inc., Thermal Packaging Solutions, Combitherm A/S, EcoCool GmbH, Peakfresh Products Pty Ltd, Orion Plastics Corp, Pallet Wratz Inc, Weather Shield India, and Patidar Corporation.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Size Analysis (Revenue, USD Million, 2021 - 2028)
• Standard Pallet Size
• Airfreight Pallet Size
Usage Analysis (Revenue, USD Million, 2021 - 2028)
• Single-Use
• Multiple Use
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Pharmaceutical industry
• Food industry
• Chemical industry
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o the United States
o Canada
o Mexico
• South America
• Europe
o France
o Germany
o Italy
o Spain
o the United Kingdom
o Austria
• the Asia Pacific
o Russia
o China
o Japan
o India
o the Philippines
o Malaysia
o Australia
o South Korea
• Middle East
o GCC Countries
• South Africa
• Rest of World
Thermal Pallet Covers Market Companies
• Softbox Systems Ltd.
• QProducts & Services
• Insulated Products Corporation
• Protek Cargo Srl
• Nordic Cold Chain Solutions
• Eceplast Srl
• Polar Tech Industries, Inc.
• Thermal Packaging Solutions
• Combitherm A/S
• EcoCool GmbH
• Peakfresh Products Pty Ltd
• Orion Plastics Corp
• Pallet Wratz Inc
• Weather Shield India
• Patidar Corporation
Available Versions
• United States Thermal Pallet Covers Industry Research Report
• Europe Thermal Pallet Covers Industry Research Report
• Asia Pacific Thermal Pallet Covers Industry Research Report
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