Saudi Arabia Pallets Market (2021-2027) | Industry, COVID-19 IMPACT, Trends, Revenue, Size, Share, Growth, Forecast, Value, Companies, Outlook & Analysis
Market Forecast By Material Type (Wood Pallets, Plastic Pallets, Metal Pallets, Corrugated Pallets), By End-User (Food & Beverages, Pharmaceuticals & Chemical, Oil & Gas, Construction, Retail, Transportation & Warehousing, Electronics & Consumer Appliances, Others), By Regions (Central, Eastern, Western, Southern) and competitive landscape
| Product Code: ETC054440 | Publication Date: Apr 2021 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 13 | No. of Tables: 9 | |
Saudi Arabia Pallets Market Competition 2023
Saudi Arabia Pallets market currently, in 2023, has witnessed an HHI of 2866, Which has decreased slightly as compared to the HHI of 4704 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia Export Potential Assessment For Pallets Market (Values in USD Thousand)
Saudi Arabia Pallets Market report thoroughly covers the market by material type, end-user, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Pallets Market Synopsis
The Saudi Arabia Pallets market grew at a moderate pace during the period 2017-2020 as a result of improvement in the Saudi economy supported by the growth in both, oil and non-oil sector. The market revenues are anticipated to witness substantial growth in the coming years, on account of strong growth in the construction, manufacturing, retail and industrial sectors in line with the Saudi Vision 2030, which would augment the demand for pallets, as the pallet helps to cut down the clutter while storing the intermediate goods or the finished products in a warehouse. Moreover, the continued positive performance of the non-oil sector such as the manufacturing and food & beverage industry, along with the continued government efforts to boost domestic production and rising food exports from the country, would further enhance the pallets market revenues in Saudi Arabia during the forecast period.
However, the ongoing pandemic COVID-19 slowed down the growth of the market during the year 2020 as a result of the decline in demand during the lockdown period across the country. Despite the slowdown in the market during the lockdown period, the pallets market began to recover in the latter part of the year on the back of reopening of commercial activities and thus, rising industrial and commercial demand for pallets.
According to 6Wresearch, Saudi Arabia Pallets Market size is projected to grow at CAGR of 5.3% during 2021-27. The pallets market revenues in Saudi Arabia would witness a boost over the coming years, owing to the government policies shifting in favor of economic diversification, open economy, and encouraging private investment which would embark a positive influence on the industrial sector in the country would augment pallet use. Further, the government investment to increase international trade and the growing e-commerce sector would bolster the pallet market growth during the forecast period.
Market Analysis by Material Type
Based on material type, wood pallets and plastic pallets accounted for the majority of the share in the market with a cumulative market share of around 80% of the total market revenues in 2020. Wood pallets accounted for the majority of the revenue share in 2020 and would continue to maintain their dominance during the forecast period on account of their superiority in terms of capacity to hold more weight. Furthermore, low cost, easy repair, and reuse are some of the advantages of wood pallets, thus making them more preferable over the other form of pallets.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Pallets Market Overview
- Saudi Arabia Pallets Market Outlook
- Saudi Arabia Pallets Market Forecast
- Historical Data and Forecast of Saudi Arabia Pallets Market Revenues for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Material Type for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by End User for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
- Market Drivers and Restraints
- Saudi Arabia Pallets Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Saudi Arabia Pallets Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Material Type
- Wood Pallets
- Plastic Pallets
- Metal Pallets
- Corrugated Pallets
- By End-User
- Food & Beverages
- Pharmaceuticals & Chemical
- Oil & Gas
- Construction
- Retail
- Transportation & Warehousing
- Electronics & Consumer Appliances
- Others
- By Regions
- Central
- Eastern
- Western
- Southern
Other Key Reports Available:
- UAE Pallets Market (2017-2027F)
- Turkey Pallets Market (2017-2027F)
- Kuwait Pallets Market (2017-2027F)
Saudi Arabia Pallets Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Saudi Arabia Pallets Market revenue is anticipated to record a CAGR of 5.3% during 2021-27.
Wood pallets has dominated the overall market revenues in the year 2020.
Plastic pallets are expected to record key growth throughout the forecast period 2021-27.
The key players of the market include- Paxxal Incorporation, Commonwealth Handling Equipment Pool (CHEP), Al-rashed Wood Products Factory, Bawan Wood Industries Co., Dhana Alola Pallet Factory, PalletBiz, Al Moajil Holding, KraftPal Technologies
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Methodology Adopted & Key Data Points |
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2.5. Assumptions |
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3. Saudi Arabia Pallets Market Overview |
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3.1. Saudi Arabia Pallets Market Revenues, 2017-2027F |
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3.2. Saudi Arabia Pallets Market-Industry Life Cycle |
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3.3. Saudi Arabia Pallets Market-Porter’s Five Forces |
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3.4. Saudi Arabia Pallets Market Ecosystem |
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4. Impact of Covid-19 on Saudi Arabia Pallets Market |
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5. Saudi Arabia Pallets Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. Saudi Arabia Pallets Market Trends |
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7. Saudi Arabia Pallets Market Overview, By Material Type |
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7.1. Saudi Arabia Pallets Market Revenue Share, By Material Type, 2020 & 2027F |
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7.2. Saudi Arabia Pallets Market Revenues, By Material Type, 2017-2027F |
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7.2.1. Saudi Arabia Wood Pallets Market Revenues, 2017-2027F |
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7.2.2. Saudi Arabia Plastic Pallets Market Revenues, 2017-2027F |
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7.2.3. Saudi Arabia Corrugated Pallets Market Revenues, 2017-2027F |
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7.2.4. Saudi Arabia Metal Pallets Market Revenues, 2017-2027F |
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8. Saudi Arabia Pallets Market Overview, By End Users |
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8.1. Saudi Arabia Pallets Market Revenue Share, By End Users, 2020 & 2027F |
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8.2. Saudi Arabia Pallets Market Revenues, By End Users, 2017-2027F |
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8.2.1. Saudi Arabia Food & Beverage Pallets Market Revenues, 2017-2027F |
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8.2.2. Saudi Arabia Transportation & Warehousing Pallets Market Revenues, 2017-2027F |
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8.2.3. Saudi Arabia Retail Pallets Market Revenues, 2017-2027F |
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8.2.4. Saudi Arabia Pharmaceuticals & Chemical Pallets Market Revenues, 2017-2027F |
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8.2.5. Saudi Arabia Construction Pallets Market Revenues, 2017-2027F |
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8.2.6. Saudi Arabia Oil & Gas Pallets Market Revenues, 2017-2027F |
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8.2.7. Saudi Arabia Others Pallets Market Revenues, 2017-2027F |
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9. Saudi Arabia Pallets Market Overview, By Region |
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9.1. Saudi Arabia Pallets Market Revenue Share, By Region, 2020 & 2027F |
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9.2. Saudi Arabia Pallets Market Revenues, By Region, 2017-2027F |
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9.2.1. Saudi Arabia Pallets Market Revenues, By Central Region, 2017-2027F |
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9.2.2. Saudi Arabia Pallets Market Revenues, By Eastern Region, 2017-2027F |
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9.2.3. Saudi Arabia Pallets Market Revenues, By Western Region, 2017-2027F |
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9.2.4. Saudi Arabia Pallets Market Revenues, By Southern Region, 2017-2027F |
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10.Saudi Arabia Pallets Market Key Performance Indicators |
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11.Saudi Arabia Pallets Market Opportunity Assessment |
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11.1. Saudi Arabia Pallets Market Opportunity Assessment, By Material Type, 2027F |
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11.2. Saudi Arabia Pallets Market Opportunity Assessment, By End Users, 2027F |
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11.3. Saudi Arabia Pallets Market Opportunity Assessment, By Region, 2027F |
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12. Saudi Arabia Pallets Market Competitive Landscape |
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12.1. Saudi Arabia Pallets Market Revenue Share, By Company, 2020 |
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12.2. Saudi Arabia Pallets Market Competitive Benchmarking |
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12.2.1. Saudi Arabia Pallets Market Competitive Benchmarking, By Material Type |
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12.2.2. Saudi Arabia Pallets Market Competitive Benchmarking, By Operating Parameters |
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13. Company Profiles |
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13.1. Paxxal Incorporation |
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13.2. Commonwealth Handling Equipment Pool (CHEP) |
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13.3. Al-rashed Wood Products Factory |
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13.4. Bawan Wood Industries Co. |
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13.5. all |
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13.6. Dhana Alola Pallet Factory |
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13.7. PalletBiz |
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13.8. Al Moajil Holding |
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13.9. KraftPal Technologies |
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14. Key Strategic Recommendations |
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15. Disclaimer |
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List of Figures |
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1. Saudi Arabia Pallets Market Revenues, 2017-2027F ($ Million) |
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2. Saudi Arabia economic performance as per Real GDP Growth |
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3. Saudi Arabia E-Commerce Market Revenues, 2015-2020 ($ Million) |
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4. Value of Awarded Contract by Sector during Q3 2020 in Saudi Arabia |
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5. Saudi Arabia Pallets Market Revenue Share, By Material Type, 2020 & 2027F |
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6. Saudi Arabia Pallets Market Revenue Share, By End Users, 2020 & 2027F |
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7. Saudi Arabia Pallets Market Revenue Share, By Region, 2020 & 2027F |
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8. Saudi Arabia E-commerce Market Revenues, 2018–2024F ($ Million) |
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9. Saudi Arabia E-commerce Market Revenues, 2018–2021F ($ Million) |
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10. Saudi Arabia Pallets Market Opportunity Assessment, By Material Type, 2027F |
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11. Saudi Arabia Pallets Market Opportunity Assessment, By End Users, 2027F |
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12. Saudi Arabia Pallets Market Opportunity Assessment, By Region, 2027F |
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13. Saudi Arabia Pallets Market Revenue Share, By Company, 2020 |
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List of Table |
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1. Annual and Monthly Change in Industrial Production Index (IPI) by Activity, November 2020 |
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2. Saudi Arabia Import and Export Statistics, 2019-2020 Nov (Million Riyals) |
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3. Saudi Arabia Pallets Market Revenues, By Material Type, 2017-2027F ($ Million) |
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4. Saudi Arabia Pallets Market Revenues, By End Users, 2017-2027F ($ Million) |
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5. Saudi Arabia Pallets Market Revenues, By Region, 2017-2027F ($ Million) |
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6. Saudi Arabia Upcoming Mega Projects |
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7. Saudi Arabia Upcoming Medical Complex Projects |
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8. Saudi Arabia Upcoming Transportation Projects |
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9. Saudi Arabia Upcoming Skyscraper Projects |
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