The Latin America, Middle East and Africa Paper Pallet Market is projected to witness market growth of 6.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Paper Pallet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $27.6 million by 2031. The Argentina market is showcasing a CAGR of 6.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.7% during (2024 - 2031).
Innovations in the paper pallet market drive significant advancements in sustainability, performance, and versatility. These innovations cater to diverse industry needs, from food and pharmaceutical logistics to industrial applications and e-commerce. Manufacturers continuously develop new paper-based materials and composites to enhance paper pallets' strength, durability, and load-bearing capacity.
In addition, paper pallets are increasingly designed to integrate seamlessly with automated warehouse and logistics systems. This integration involves standardizing pallet dimensions, optimizing weight distribution, and incorporating features that facilitate robotic handling and palletizing.
The UAE has substantially invested in its transportation infrastructure, encompassing airports, seaports, and road networks. According to the Abu Dhabi Residents Office, the Transport and Logistics sector is critical to the country’s economic diversification efforts. The industry accounts for up to 10 percent of the total GDP. Abu Dhabi Ports has significantly contributed to the Emirate's growth, adding AED 76.4 billion to the non-oil GDP (13.6 percent). Managing 11 ports, Abu Dhabi Ports has handled more than 22.5 million tons of general and bulk cargo. Furthermore, the food sector in Saudi Arabia places a high priority on hygiene and food safety.
As investments in the sector grow, there is an increased demand for packaging solutions to ensure the cleanliness and integrity of food products throughout the supply chain. According to the U.S. Department of Agriculture, Saudi Arabia is the largest economy in the Arab world and boasts a burgeoning food manufacturing and processing sector. By 2030, total investments in this sector are expected to soar to $70 billion, marking a substantial increase of approximately 59% compared to the total investments in 2016. Therefore, rising investments in the food sector and the region's growing logistics & transportation industry are driving the market's growth.
The Brazil market dominated the LAMEA Paper Pallet Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $27.6 million by 2031. The Argentina market is showcasing a CAGR of 6.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.7% during (2024 - 2031).
Innovations in the paper pallet market drive significant advancements in sustainability, performance, and versatility. These innovations cater to diverse industry needs, from food and pharmaceutical logistics to industrial applications and e-commerce. Manufacturers continuously develop new paper-based materials and composites to enhance paper pallets' strength, durability, and load-bearing capacity.
In addition, paper pallets are increasingly designed to integrate seamlessly with automated warehouse and logistics systems. This integration involves standardizing pallet dimensions, optimizing weight distribution, and incorporating features that facilitate robotic handling and palletizing.
The UAE has substantially invested in its transportation infrastructure, encompassing airports, seaports, and road networks. According to the Abu Dhabi Residents Office, the Transport and Logistics sector is critical to the country’s economic diversification efforts. The industry accounts for up to 10 percent of the total GDP. Abu Dhabi Ports has significantly contributed to the Emirate's growth, adding AED 76.4 billion to the non-oil GDP (13.6 percent). Managing 11 ports, Abu Dhabi Ports has handled more than 22.5 million tons of general and bulk cargo. Furthermore, the food sector in Saudi Arabia places a high priority on hygiene and food safety.
As investments in the sector grow, there is an increased demand for packaging solutions to ensure the cleanliness and integrity of food products throughout the supply chain. According to the U.S. Department of Agriculture, Saudi Arabia is the largest economy in the Arab world and boasts a burgeoning food manufacturing and processing sector. By 2030, total investments in this sector are expected to soar to $70 billion, marking a substantial increase of approximately 59% compared to the total investments in 2016. Therefore, rising investments in the food sector and the region's growing logistics & transportation industry are driving the market's growth.
List of Key Companies Profiled
- INTERPAK INDUSTRIES PTE LTD
- PALLITE BV (The Alternative Pallet Company Limited)
- Mondi Plc
- Smurfit Kappa Group plc
- DS Smith Plc
- International Container Systems, LLC (Elsons International)
- Green Label Packaging
- Tri-Wall Limited
- DOPACK
- Litco International, Inc.
Market Report Segmentation
By Type- Corrugated pallets
- Cardboard pallets
- Honeycomb pallets
- Shipping & logistics
- Pharmaceuticals
- Food & beverages
- Personal care & cosmetics
- Up to 1 ton
- 1-2 tons
- Above 2 tons
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Paper Pallet Market by Type
Chapter 5. LAMEA Paper Pallet Market by End User
Chapter 6. LAMEA Paper Pallet Market by Load Capacity
Chapter 7. LAMEA Paper Pallet Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- INTERPAK INDUSTRIES PTE LTD
- PALLITE BV (The Alternative Pallet Company Limited)
- Mondi Plc
- Smurfit Kappa Group plc
- DS Smith Plc
- International Container Systems , LLC (Elsons International)
- Green Label Packaging
- Tri-Wall Limited
- DOPACK
- Litco International, Inc.
Methodology
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