Mexico Plastic Pallets Market Report and Forecast 2024-2032

Mexico Plastic Pallets Market Outlook

The Mexico plastic pallets market size is expected to grow at a CAGR of 4.20% between 2024 and 2032. The market is being driven by rising disposable incomes and increasing sales of a wide range of consumer products.

Key Trends in the Market

A plastic pallet is a rigid structure made of plastic used for handling, shipping, and storing materials in order to provide stability to the goods during storage and transportation. Plastic pallets are highly versatile and can be easily be used in replacement of traditional wood pallets.

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• Demand for durable and contamination-free plastic pallets is rising from industries such as food and beverage and pharmaceutical, among others for the safe delivery of products vulnerable to contamination, spoilage, or damage.

• A key trend in the Mexico plastic pallets market is the increasing environmental awareness and rising focus on sustainability which resulting in a heightened demand for sustainable plastic pallets. Rising demand for sustainable products is encouraging the manufacture of plastic pallets using 100% recycled waste.

• The expanding e-commerce sector in Mexico is supporting the growth of the plastic pallets market for quick and safe storage and transportation of a wide range of products. Retailers are increasingly using plastic pallets for low-cost and convenient management of bulk products.

Market Analysis

On the basis of product, the market is segmented into nestable, rackable, and stackable, among others. Based on material, the market is divided into polyvinyl chloride (PVC), polyethylene (PE), acrylonitrile butadiene styrene (ABS), and polypropylene (PP), among others. By type, the Mexico plastic pallets market is bifurcated into single use and reusable.

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Based on size, the market is divided into 48x40 inches, 42x42 inches, 48x45 inches, 56x44 inches, and 37x37 inches, among others. On the basis of end use, the market is segmented into food and beverages, construction, pharmaceuticals, retail, automotive, and petroleum and lubricants, among others. On the basis of region, the market is segmented into Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico plastic pallets market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Ongweoweh Corp.

• ORBIS Corporation

• Riteway Pallet Co.

• Novatec Pagani S.A. de C.V.

• GT Plastics

• RPA Plastics

• Others

Market Share by End Use

The food and beverage segment accounts for a sizable share of Mexico plastic pallets market based on end use as plastic pallets provide greater protection to food and beverage products from contamination, damage, or spoiling. They help in handling, storing and transporting of raw and processed food and beverage end products safely without any damage to the products as they do not have nails or splinters in their structure like the wooden pallets. Plastic pallets are being commonly used for handling of fresh produce, in bakeries, bulk processed foods, dairy, and beverages, among others.

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Competitive Landscape

ORBIS Corporation was established in 1849 and has its headquarters in Wisconsin in the United States. A subsidiary of Menasha Corporation, ORBIS is a leading manufacturer of plastic reusable and returnable products, with a portfolio that includes pallets, plastic containers, reusable corrugated boxed, bulk containers, metal racks, and custom packaging.

Novatec Pagani S.A. de C.V., was founded in 1981 is currently based in Guanajuato, Mexico. This company is a leading manufacturer of plastic pallets, pails, and plastic containers catering to a wide range of end users, including agriculture, final packaging, distribution, automotive, and various industries.

Other market players include Ongweoweh Corp., Riteway Pallet Co., GT Plastics, and RPA Plastics, among others.

Key Highlights of the Report