Home Paper & Packaging Latin America Corrugated Pallets Market Size, Share and Forecast to 2031

Latin America Corrugated Pallets Market Size, Share & Trends Analysis Report By Number of Layers (Less Than 3 Layers of Corrugated Board (Standard), 3-5 Layers (Robust), More Than 5 Layers (Extra Robust for High Dynamic and Static Capabilities)), By End Use (Electronics, Food And Beverages, Agriculture, Chemical and Pharma, Automotive) and By Country(Brazil, Mexico, Argentina, Chile, Colombia, Rest of LATAM) Forecasts, 2024-2032

Report Code: SRPP46334DR
Last Updated : Jun 30, 2023
Author : Straits Research
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Market Overview

The Latin America corrugated pallets market size witnessed significant growth in the past and is expected to grow at a CAGR of 4.4% during the forecast period (2023-2030).

Corrugated pallets, also known as paper pallets, are not made of wood but are constructed from corrugated materials, paper board sheets, and other paper-based components. They are produced using different manufacturing techniques, including corrugated top and bottom decks, internal support cells, honeycomb support blocks, corrugated runners, compressed corrugated material for support blocks, and built-up runners.

The global corrugated pallets market is divided into segments based on the product, end user, and region to conduct a comprehensive analysis. The research aims to determine the revenue generated from the sales of various types of corrugated pallets, including those with less than three walls, 3-5 walls, and 5+ walls.

Highlights

  • Less than three layers dominated the market by the number of layers.
  • Food and Beverages dominated the market by end-user.
  • The rest of Latin America dominated the market by region. 
Latin America Corrugated Pallets Market

Market Dynamics

Latin America Corrugated Pallets Market Drivers

Surge in the Food and Beverage Sector

In Latin America, the growth of the food and beverage industry is being driven by emerging economies. These economies are experiencing population growth and improved living standards, leading to an increased demand for corrugated pallets in the food supply chain across various countries. The Food and Agriculture Organization of the United Nations also highlights that around one-third of global food production is wasted during transportation and handling, resulting in food shortages. To tackle this issue and meet the rising food demand, corrugated pallets play a vital role in food preservation. They offer effective protection against moisture and humidity, preventing mold growth, addressing hygiene concerns, and reducing food wastage.

Latin America Corrugated Pallets Market Restraints

Adoption of Strict Guidelines to Control Volatile Organic Compound Policies

In Latin America, the market for corrugated pallets is projected to experience a decline due to the enforcement of environmental regulations. Bans and regulatory measures are being implemented on corrugated pallets emitting harmful solvents and volatile organic compounds (VOCs), posing health risks such as nausea, vomiting, nosebleeds, fatigue, and dizziness. As a result, these factors are expected to impede the market’s growth during the forecasted period.

Latin America Corrugated Pallets Market Opportunities

Escalating Interest in Eco-Friendly Packaging Alternatives

In Latin America, the popularity of e-commerce retail channels is growing among households. Companies that use packaging materials that cannot be recycled are facing significant criticism and public scrutiny. The use of plastic in packaging is widely acknowledged as the least sustainable option and often encounters legal challenges from government authorities and environmental protection agencies. However, corrugated packaging has emerged as a viable and eco-friendly substitute for plastic packaging materials due to its ability to be completely recycled.

Study Period 2020-2032 CAGR 4.4%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
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Regional Analysis

The corrugated pallets market is segmented by country: Mexico, Brazil, Argentina, Colombia, Rest of Latin America. The rest of Latin America dominated the market with a CAGR of 4.1% during the forecast period.

The Latin America corrugated pallets market is witnessing significant growth in the region. The market is driven by factors such as the expansion of the manufacturing sector, increased industrialization, and growing international trade. Countries like Brazil, Mexico, and Argentina are leading contributors to the market's growth due to their large manufacturing base and thriving e-commerce industry. Additionally, the demand for sustainable packaging solutions is rising, leading to the adoption of corrugated pallets in various industries such as food and beverages, pharmaceuticals, and logistics. This trend is expected to continue, creating lucrative opportunities for market expansion in Latin America.

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Segmental Analysis

The Latin America corrugated pallets market is segmented into several layers and applications.

The number of layers is further segmented into less than three years, 3-5 layers, and more than five layers.

Less than three layers dominated the market and are expected to register a CAGR of 3.9% over the forecast period.

It is further segmented by application into electronics, food and beverages, agriculture, chemical and pharma, automotive, and others.

Food and Beverages dominated the market and are expected to register a CAGR of 5.6% over the forecast period.

Market Size By Number of Layers

Market Size By Number of Layers
  • Less Than 3 Layers of Corrugated Board (Standard)
  • 3-5 Layers (Robust)
  • More Than 5 Layers (Extra Robust for High Dynamic and Static Capabilities)


  • List of key players in Latin America Corrugated Pallets Market

    1. Conitex Sonoco
    2. Brambles Limited
    3. Smurfit Kappa
    4. Milwood
    5. Spanco Enterprises
    6. DS Smith
    7. KRAFTPAL Technologies
    8. PGS Group
    9. Kamps Pallets
    Latin America Corrugated Pallets Market Share of Key Players

    Recent Developments

    • October 2022- Toppan, a global leader in communication, security, packaging, décor materials, and electronic solutions, has developed new polypropylene (PP) mono-material barrier packaging with exceptional heat and water resistance, making it appropriate for retort sterilization.
    • April 2022- SDR Ventures is delighted to announce that Kamps, Inc. has purchased L&R Pallet Service, Inc. (“L&R Pallet” or “the Company”) (“Kamps”). SDR served as L&R Pallet’s sole sell-side counsel throughout the sale process.

    Latin America Corrugated Pallets Market Segmentations

    By Number of Layers (2020-2032)

    • Less Than 3 Layers of Corrugated Board (Standard)
    • 3-5 Layers (Robust)
    • More Than 5 Layers (Extra Robust for High Dynamic and Static Capabilities)

    By End Use (2020-2032)

    • Electronics
    • Food And Beverages
    • Agriculture
    • Chemical and Pharma
    • Automotive

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Latin America corrugated pallets market?
    The Latin America corrugated pallets market is expected to grow at a CAGR of 4.4% during the forecast period (2022-2030).
    Key verticals adopting Latin America corrugated pallets include: - Conitex Sonoco, Brambles Limited, Smurfit Kappa, Milwood, Spanco Enterprises
    Surge in the food and beverage sector is the key drivers for the growth of the Latin America corrugated pallets market
    The Latin America corrugated pallets market is segmented by end users are Electronics, Food and Beverages, Agriculture, Chemical and Pharma, Automotive
    Escalating interest in eco-friendly packaging alternatives is the key opportunity in market.


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