Plastic Pallets Market Is Likely To Up Demand At A USD 9.72 Billion By 2030
San Francisco, 13 Jan 2023: The Report Plastic Pallets Market Size, Share & Trends Analysis Report By Material (High-density Polyethylene, Low-density Polyethylene), By Type (Nestable, Rackable, Stackable), By End-use, By Region, And Segment Forecasts, 2022 - 2030 The global plastic pallets market size is expected to reach USD 9.72 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.2% from 2022 to 2030. Growing demand for plastic pallets in end-use industries, and increasing demand for logistics services. However, the high upfront cost and environmental concern due to rising plastic waste is attributed to be major restraints for the growth. Plastic pallet is the foremost choice of industries compared to wood due to their versatile application such as durability, lightweight, and ease of transport, and it does not absorb moisture thus, preventing pallets from infestation, rotting, and fumigation, unlike wo