Despitewooden pallets persisting to lead the pack, paper pallets is emerging as anoteworthy candidate to sustain the future of pallet vertical. As compared totheir wooden and plastic rivals, paper pallets do not need chemical techniquesfor enhancing their service span. Paper pallets show great resistance againstbacterial and fungal effect, as such ISPM-15 regulation is not compulsory for theirconsumption.
In abid to display electronic items – laptops, smartphones, and tablets, operatorsin electrical & electronics sphere are significantly demanding forshelf-ready paper pallets. In addition, the adoption trend can be observed inthe cosmetics & personal care industry. Market players are performingextensive R&D activities to enhance load-carrying capacity of paperpallets. They eye Europe for ensuring expanded product footprint on grounds ofincreasing sanitation requisite in the region.
Although summing up a meagre share in worldwide pallet market, FMI computes that the global paper pallet market is projected to grow at a healthy CAGR of ~6% over the forecast period (2019-2029).
Honeycomb at Forefront, Hybrid Pumps Up
Honeycombpaper pallets is expected to maintain their supremacy throughout the forecastperiod, reveals FMI. Although corrugated paper pallets offer bettercustomization features, honeycomb paper pallets gain an edge over by resonatingwith the industrial automation trend. Honeycomb pallets, sturdy andlong-lasting, are vermin-proof as well as cost-effective. Furthermore, honeycombpaper pallets ward off import and export headaches by complying with relevantregulatory limitation.
Onthe flip side, hybrid paper pallets are anticipated to showcase fastest growthin the global paper pallets market. Hybrid pallets exhibit excellent bend andbow resilience against heavier loads. Further, owing to greater sustainability,sales of hybrid paper pallets are projected to speed up at promising rate,finds FMI.
Four-Way Paper Pallets Outshine Two-WayCounterparts
Asper FMI, two-way paper pallets good load-carrying capacity and require lesserinvestment for manufacturing and provide good strength for load lifting. On thecontrary, two-way pallet delivers low flexibility and are accessible toforklifts from two directions. As such, manufacturers are focusing on thedevelopment of four-way paper pallets to respond to these drawbacks.
Four-way paper pallets possess static capacity of around 2, 800 pounds, higher versus two-way pallets. By coupling greater long-lastingness and sturdiness, four-way pallets enhance workforce efficacy. As forklift entry can happen regardless of the direction, four-way pallets do not need specific storage orientation during loading. Further, the flexibility of loading four-way pallets curtails loading and unloading time, thereby improving supply-chain operations.
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Analysts at FMI opine that “The industry ofpaper pallet is in its nascent phase, yet sales of paper pallets aremushrooming on back of their rigid structure and total recyclability.Additional benefit of cost effectiveness is further set to boost paper palletsmarket growth.”
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