The Europe Paper Pallet Market would witness market growth of 3.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Paper Pallet Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $64.3 million by 2031. The UK market is exhibiting a CAGR of 2.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 4.3% during (2024 - 2031).
In the e-commerce sector, paper pallets are utilized for parcel delivery, ensuring lightweight yet durable packaging solutions for goods shipped directly to consumers. They support last-mile delivery operations, enabling efficient transportation of packages in urban environments where space and weight limitations are factors.
Additionally, paper pallets are favoured for long range shipments because they comply with ISPM 15 regulations, eliminating the need for heat treatment or fumigation. They are suitable for single-use export packaging, eliminating the need for return logistics and simplifying cross-border transportation.
The expansion of the pharmaceutical industry in Belgium is driving innovation in packaging solutions, including paper pallets. According to the International Trade Administration data, Belgium’s industry spends $1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. In addition, cosmetics products require careful handling and protection during transportation to maintain quality and aesthetic appeal. As per the quarterly report by the Polish Investment and Trade Agency focused on the cosmetics sector, the Polish cosmetics industry achieved a significant value close to €4 billion in 2020. In conclusion, the expansion of the cosmetics industry and the rising pharmaceutical sector in the region are driving the market's growth.
Free Valuable Insights: The Global Paper Pallet Market will Hit USD 1.2 Billion by 2031, at a CAGR of 4.1%
Based on Type, the market is segmented into Corrugated pallets, Cardboard pallets and Honeycomb pallets. Based on End User, the market is segmented into Shipping & logistics, Pharmaceuticals, Food & beverages, and Personal care & cosmetics. Based on Load Capacity, the market is segmented into Up to 1 ton, 1-2 tons and Above 2 tons. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type
By End User
By Load Capacity
By Country
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