Despite wooden pallets persisting to lead the pack, paper pallets is emerging as a noteworthy candidate to sustain the future of pallet vertical. As compared to their wooden and plastic rivals, paper pallets do not need chemical techniques for enhancing their service span. Paper pallets show great resistance against bacterial and fungal effect, as such ISPM-15 regulation is not compulsory for their consumption.
In a bid to display electronic items – laptops, smartphones, and tablets, operators in electrical & electronics sphere are significantly demanding for shelf-ready paper pallets. In addition, the adoption trend can be observed in the cosmetics & personal care industry. Market players are performing extensive R&D activities to enhance load-carrying capacity of paper pallets. They eye Europe for ensuring expanded product footprint on grounds of increasing 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
Honeycomb paper pallets is expected to maintain their supremacy throughout the forecast period, reveals FMI. Although corrugated paper pallets offer better customization features, honeycomb paper pallets gain an edge over by resonating with the industrial automation trend. Honeycomb pallets, sturdy and long-lasting, are vermin-proof as well as cost-effective. Furthermore, honeycomb paper pallets ward off import and export headaches by complying with relevant regulatory limitation.
On the flip side, hybrid paper pallets are anticipated to showcase fastest growth in the global paper pallets market. Hybrid pallets exhibit excellent bend and bow 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-Way Counterparts
As per FMI, two-way paper pallets good load-carrying capacity and require lesser investment for manufacturing and provide good strength for load lifting. On the contrary, two-way pallet delivers low flexibility and are accessible to forklifts from two directions. As such, manufacturers are focusing on the development 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 of paper pallet is in its nascent phase, yet sales of paper pallets are mushrooming on back of their rigid structure and total recyclability. Additional benefit of cost effectiveness is further set to boost paper pallets market growth.”