The market expansion for pallets is mostly being driven by India's rapidly expanding manufacturing sector. Manufacturing has become one of India's high growth industries, according to the India Brand Equity Foundation. By the end of 2020, India is anticipated to overtake China as the fifth-largest manufacturing nation in the world. By 2022, the government wants the industry to account for 25% of the GDP and create 100 million new employment.
The market expansion for pallets is anticipated to be driven by India's growing warehousing sector.
By the end of 2027, the India Pallets Market is anticipated to generate more than INR 25000 Cr in revenue, expanding at a CAGR of 13.9% from 2020 to 2027.
Major Players in the India Pallets Industry:
1. Saraswati Engineering Limited: The Kanpur, Uttar Pradesh, India-based Saraswati Engineering Limited (Pallet Division) was established in 2003. As a leading provider of steel pallets and other associated material handling and storage products, Saraswati Engineering Limited has established a solid name for itself. All of our goods, which are evaluated in accordance with international standards, are designed using computer-aided design tools.
2. Schoeller Arca TIME Material Handling Solution: Plastic returnable transit packaging is produced by a company with the goal of lowering handling and transportation expenses. In order to offer complete solutions for materials handling, the company specialises in the production of stackable containers, stack nest containers, foldable small/large containers, plastic crates & pallets, export pallets, and dollies. Founded 2009. head office in Mumbai.
3. Mekins Group: Mekins was established in Hyderabad City, India, in 1978. Mekins started out by collaborating technically with ICRISAT, a UN agency, to create agricultural machinery. 2008 National Award for Achievement in Research and Development.
4. Swift Technoplast Private limited: An Indian company called Swift Technoplast makes plastic pallets and other tools for material handling. The company's speciality is creating plastic goods using the moulding process for a wide range of heavy-duty uses across numerous sectors. Headquarter location in Maharashtra's Navi Mumbai. On April 29, 2010, Swift Technoplast Private Limited was registered with the MCA.
5. JIT Wood Packaging: Jit Wood Packaging is one of the reputable companies involved in the production, exportation, and supply of a wide variety of wooden packaging boxes, wood pallets, wooden boxes, and crates. Our goods are in high demand throughout numerous industries, including food and beverage, FMCG, pharmaceutical, and many more. They are known for their durability. Located in Thane, India. built in 2013.
6. LEAP India Pvt. Ltd.: Established in 2013 with the goal of providing top-notch supply chain solutions, LEAP, or "Leading Enterprise in Asset Pooling," has paved the way by providing the highest calibre of execution, planning, and management suited for prestigious clients around the nation. They have carved out a position for themselves in the supply chain sector and developed a reputation as a brand that is highly regarded by everyone connected to the business. The largest selection of pallets in India is produced and supplied by LEAP India. We have established ourselves as one of the leading producers and most dependable providers of wooden pallets in the country over the years.
7. Bharadwaj Packaging Private Limited: Bharadwaj Packaging Pvt. Ltd., a professionally managed business that was founded in 1982, is a pioneer in providing its customers all across the country with high-quality, cutting-edge goods, solutions, and services. One of India's most reputable manufacturers and service providers of corrugated boxes, wooden crates, wooden pallets, and other products is BHARADWAJ PACKAGING.
Definition: Pallet is a type of advanced packaging, it is a flat structure which is used as a base for unitization of various transports, stored through the supply chain.
