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INDIA PALLETS MARKET ANALYSIS

India Pallets Market, By Material Type (Composite Wood, Plastics, Metal, and Paper), By Structural Design (Block, Stringer, and Others), By Application (Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Construction, and Others)

  • Published In : Jan 2025
  • Code : CMI4036
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Packaging

Market Concentration and Competitive Landscape

India Pallets Market Concentration By Players

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Key Developments:

  • In January 2022, Geodis, a delivery chain service provider, announced a five-year agreement with Unilode Aviation Solutions. Recognizing the critical importance of managing fleets of containers, pallets, and galley carts, the partnership addresses challenges such as unexpected costs and operational complexities. Under the agreement, Unilode supplies Geodis with containers and pallets, alongside comprehensive unit load device (ULD) management solutions. These services include procurement, logistics, maintenance, digitization, and oversight of ULD delivery and repair processes. Unilode Aviation Solutions is a global leader in providing innovative aviation supply chain solutions, specializing in the management, repair, and leasing of Unit Load Devices (ULDs) and galley carts for the aviation industry.
  • In November 2021, Kraftpal, a manufacturer of durable, portable, and recyclable pallets, joined efforts to promote the development of corrugated cardboard pallets. These innovative pallets meet the same standards as traditional wooden pallets while eliminating wood from key logistics supply chains.
  • In April 2021, Enviva, a prominent player in sustainable wood biofuels, collaborated with other stakeholders to verify and advance environment-friendly solutions for transporting heavy loads.
  • In 2021, a team of experienced professionals from the pallet industry introduced PalX, a new pallet pooling service in the United States. Known as Pooling and Logistics Experts (PalX), this initiative unites industry veterans specializing in white-wood pallet management, rental pallet systems, and associated technologies.

Top Strategies Followed by India Pallets Market Players

  • Established Players: The India pallets market is characterized by a diverse range of players, each employing distinct strategies to enhance their market presence and cater to the evolving demands of various industries.
  • For instance, Saraswati Engineering Limited, a company based in Kanpur, Uttar Pradesh, specializes in manufacturing steel pallets and related material handling products. It leverages computer-aided design tools to ensure its products meet international standards, focusing on quality and durability to maintain a competitive edge.
  • Mid-sized players are optimizing costs to deliver quality pallets at competitive prices. Schoeller Arca TIME Material Handling Solution, a company operating from Mumbai, produces plastic returnable transit packaging, including stackable containers and plastic crates. Their strategy centers on offering comprehensive material handling solutions that reduce handling and transportation expenses for clients.
  • Small Scale Players: JIT Wood Packaging based in Thane, Maharashtra, manufactures and supplies a variety of wooden packaging solutions including pallets and crates. Its strategy emphasizes customization and durability, serving industries such as Fast-moving consumer goods (FMCGs), pharmaceuticals, and others.

Emerging Startups - India Pallets Industry Ecosystem

  • Innovation Technologies: The India pallets industry is experiencing significant innovation, propelled by emerging startups that are introducing sustainable and efficient solutions to meet the evolving demands of logistics and supply chain management. For instance, Coldman Logistics has become a prominent player in the cold chain sector, offering temperature-controlled pallet capacities and extensive storage space, thereby enhancing the efficiency of perishable goods transportation.
  • Sustainable Solution: The India pallets industry is undergoing a transformative shift towards sustainability, driven by innovative startups introducing eco-friendly solutions. For instance, Eco Life Pallets has developed pallets using post-consumer recycled wood coated with specialized sprays, enhancing durability, and environmental benefits. Palletize Green-Tech Pvt Ltd manufactures pallets from agricultural waste, significantly reducing reliance on traditional wood and promoting a circular economy.
Key Players Insights
    • M/s. R.K. Pallets
    • Jost's Engineering Company Ltd.
    • Pankaj Pallets
    • M. K. Pallets
    • Bansal Pallets
    • Rajasthan Pallet Manufacturers
    • Pallet & Crate Co.
    • B.P. Pallets
    • Arvind Pallets
    • Hitech Pallets
    • Vikas Pallet
    • K.K. Pallets
    • K.P. Pallets
    • M/s. Ganga Pallets
    • Shree Balaji Pallets
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