Valley Cottage, NY -- (SBWIRE) -- 08/22/2018 -- Shipment and transportation of goods require the suitable solution to keep product stable during transit. Pallets are designed in such a way that they can protect the product from any damage, thus widely used as a packaging product to deliver goods. The pallets can be made from wood, plastics, metals, and paper. Earlier, plastic and metal pallets were widely used as packaging product for shipment. Nowadays, paper pallets can be the rationale for shifting from metal and wooden pallets.

It is attributed to the fact that paper pallets are comparatively lightweight and provide recyclable alternatives to the conventional wooden and metal pallets. Also, the growth of paper pallets has become pronounced in the past few years, due to the substantial transformation of the manufacturers' preference towards sustainable packaging products. The paper pallets are reusable so, they are restored back after use, instead of being dumped. These paper pallets are designed in a manner, that they can be used in multiple cycles. Furthermore, paper pallets are lightweight, compact and cost-effective. Thus these features are increasing its preference, over other pallets.

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One of the trends observed in the paper pallets market is that paper pallet manufacturers are majorly focusing on concentrating on specific segments, rather than other declining segments. One of the benefits of using paper pallets is that it provides better cube efficiency because paper pallets can yield in better fill rates, mainly in trucks and ocean shipments. It is due to the lower profile of paper pallets than wooden or metal pallets, as they can easily be customized to entirely fit the unit load. This factor is expected to drive the global paper pallets market during the next decade.

Paper Pallets Market Segmentation by product type - Reusable Paper Pallets,Non Reusable Paper Pallets; by pallet type - Open Paper Pallets,2 Way and Multi Way Paper Pallets,Wing Paper Pallets,Reversible Paper Pallets,Honeycomb Paper Pallets; by end use - Food & Beverages Industry,Pharmaceuticals Industry,Cosmetics & Personal Care,Shipping & Logistics,Others

Some of the key players of global paper pallets market are Smurfit Kappa Group, Stora Enso, D.S Smith, Green Label Packaging, DNA Packaging Systems., Forward Pallet Pte Ltd, Kimmo (Pty) Ltd, Orion Pack Art., HPI Resources Berhad, Pallite Limited, Umiya Packers Private Limited, Shanghai Eltete Packaging Technology Co. Ltd, ImPakt Packaging, Lenzing Accessories (Pvt) Ltd, Yoj Pack Kraft and other paper pallets manufacturers.

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