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Global Plastic Pallets Market to be driven by increased demand from end use industries in the Forecast Period of 2021-2026

Collapsible sleeve reduces environmental waste | Plastics in Packaging

Collapsible sleeve reduces environmental waste | Plastics in Packaging
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Plastic Pallets Market Size Worth $10 4 Billion By 2028 | CAGR: 5 6%: Grand View Research, Inc

Plastic Pallets Market Size Worth $10.4 Billion By 2028 | CAGR: 5.6%: Grand View Research, Inc. SAN FRANCISCO, March 17, 2021 /PRNewswire/ The global plastic pallets market size is expected to reach USD 10.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. Increasing demand for robust, long-term, contamination-free, and eco-friendly packaging, which accounts for a low cost per trip in the longer term as compared to expendable packaging coupled with a steady expansion of end-use industries is expected to fuel the growth to the market. 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. Plastic pallets are made from virgin and recycled plastic resins. Virgin resin-based skids offer superior performances. However, recycled resin-based pallets a

Plastic Pallets Market Size Worth $10 4 Billion By 2028 | CAGR: 5 6%: Grand View Research, Inc

Plastic Pallets Market Size Worth $10 4 Billion By 2028 | CAGR: 5 6%: Grand View Research, Inc
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Returnable Packaging Market Size Worth $153 35 Billion By 2028: Grand View Research, Inc

Share this article SAN FRANCISCO, March 16, 2021 /PRNewswire/  The global returnable packaging market size is expected to reach USD 153.35 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. Rapid industrialization, increasing trade activities, and rising demand for robust, long-term, and eco-friendly packaging for the transportation of finished and semi-finished goods in multiple end-use industries are expected to augment the growth of the market. Key suggestions from the report: Based on material, plastic accounted for a share of 63.4% in terms of revenue in 2020 owing to the high adoption of plastic-based pallets, crates, and IBCs by end-use companies due to their durability, lightweight, low cost, and high-impact resistance

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