Colombia Pallet Market Overview, 2029

Colombia has a growing pallet market. The country's logistics and transportation sector is an important contributor to its GDP, and pallets play a crucial role in the movement of goods. The Colombian pallet market is primarily driven by the food and beverage, transportation, warehouse, and chemical industries. The demand for pallets has been increasing due to the growth of these industries, along with the need for efficient and cost-effective storage and transportation solutions. The wooden pallet is the most commonly used type in Colombia. Pallet recycling is also becoming more common in the country as businesses seek to reduce their environmental impact. Furthermore, growth in the industrial sector, expansion of the e-commerce industry, rising global trade, and technological development are driving the market for pallets in Colombia. The standard pallet size in Colombia, as in most of South America, is the same as the ISO standard pallet, which measures 1,200 mm x 1,000 mm (47.24 inches x 39.37 inches). According to the research report “Colombia Pallet Market Overview, 2029," published by Bonafide Research, the market is forecasted to grow over 8.13% CAGR by 2024-29. The market for pallets is being driven by the growing popularity of online shopping in the Country, which is resulting in the wide adoption of pallets by large online retailers to store and transport their merchandise. The efforts made by the market players in the research and development of state-of-the-art pallets are also accelerating the market development. There is a rising inclination towards wooden pallets owing to their multiple advantages when compared to their counterparts, such as cost-effectiveness, enhanced durability, wider availability and easy reparability, and the ability to carry higher weight capacities. Further, there is an improved availability of sustainable and renewable pallet solutions.

The pallet market in the Colombia is segmented by material type into four parts based on material type: wood, plastic, metal, and corrugated. Currently, wood pallets are dominating the market, and wood pallets are expected to dominate the market for pallets in the country during the forecast period due to their greater reusability than plastic pallets and low cost per trip. They are also reusable, easy to repair, and can carry heavy loads of goods. A plastic pallet is a flat platform made from plastic materials, typically polyethylene or polypropylene that is used to transport, store, and stack goods. It is an alternative to traditional wooden pallets and has advantages such as being lighter, more durable, and resistant to moisture and pests. Metal pallets are another pallet variant, besides those made of wood and plastic, with very specific applications. Due to them being heavy-duty, they are the most commonly used pallet in the automotive and metal processing sectors. Corrugated pallets, also known as paper pallets or cardboard pallets are pallets made from paper board sheets, corrugated material and other reinforced paper goods, rather than wood. Corrugated pallets can be made using engineered corrugated products that are suited for clean room environments in medical, pharmaceutical and non-wet food applications. The pallet market in the Colombia is segmented by end use: food and beverages, chemicals, pharmaceuticals, healthcare, automotive, transportation and warehousing, consumer goods and retail, engineering, and agriculture. Currently, the Food and Beverages industry dominates the pallet market in the Colombia because the food and beverage industry has witnessed considerable growth over the last decade because of changing lifestyles, convenience and increased penetration of retail stores. Food and beverage products have a limited shelf life and need to be handled with care to maintain their quality and safety. Pallets provide a safe and secure way to transport and store these products without damage or contamination. The Food and beverages is expected to influence the demand for pallets in Colombia. The pallet market in the Colombia is segmented by application type: rental and non-rental. Because most businesses use their own pallets to store their goods, maintain inventory, and transport goods, the non-rental segment currently dominates the market. During the forecast period, it is expected that the non-rental segment will dominate the market for pallets in the Colombia. The pallet market in the Colombia is segmented by structural design type: block and stringer. The Block pallet is dominating the market for pallets in the Colombia, and it is expected to dominate the market in the Colombia during the forecast period due to block pallet allows forklifts and other pallet jacks to access the pallet from all four sides, though block pallets are stronger than other types of pallets, such as stringer pallets. Block pallets are gaining popularity in Colombia due to the safety it provides to carry bulk loads on them while transporting the goods from one place to another.

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Manmayi Raval

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RECENT DEVELOPMENT Emergent Cold Latin America Opens New Expansion in Bucaramanga to Strengthen Operations in Colombia The facility features the latest technology and state-of-the-art infrastructure, ensuring an optimal cold chain solution for the customers’ food products. The expansion adds 4,100 pallet positions, for a total of 7,600 frozen storage pallet positions at this location. Additionally, the facility will start offering chilled storage services, with several hundred pallet positions available for chilled and ambient products. ? Considered in this report • Geography: Colombia • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Colombia pallet market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Material Type • Wood • Plastic • Metal • Corrugated • Others

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By End Use • Food and Beverages • Chemicals • Pharmaceuticals and Healthcare • Automotive • Transportation & Warehousing • Consumer goods and Retail • Engineering • Agriculture • Other End Use By Application Type • Rental • Non Rental ? By Structural Design • Block • Stringers • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Vacuum Cleaner market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.