Europe Thermal Pallet Covers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Pharmaceutical, Food & Beverage, Chemicals, and Others)

Code: TIPRE00024967 | Pages: 90 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

The market for the European region includes Germany, France, Italy, the UK, Russia, and the rest of Europe. Economically strong countries such as the UK, Germany, and the rest of Europe have been witnessing significant growth in the thermal pallet covers market. This growth of this market is attributable to the rising application of thermal pallet covers in food and beverage, pharmaceuticals, food and beverage, industrial goods, and others. Thermal pallet covers have been used for packaging an extensive range of products. Some applications include packaging baked goods such as bread or buns, packaging products such as potatoes, apples, or oranges, packaging wine, and utilizing them for food and beverage packaging. Also, these bags give benefits such as maximum product shelf life, maximum wear & tear resistance, perfect packaging performance, and recyclable & eco-friendly nature. Thus, the increasing demand for thermal pallet covers from end-use industries is anticipated to bolster the market in Europe.  The major thermal pallet cover offering companies operating in the region are Eceplast, CargoWise Solutions Limited, and others. The major players operating in the European thermal pallet covers market are focused on new and improved product offerings so that they could meet the demand of the end-use industries in the market, which is further expected to boost the market growth. Also, the companies are focusing on mergers & acquisitions, partnerships, and expansions to expand their footprint across Europe and to fulfill the growing demand for thermal pallet covers. Increasing benefits of thermal pallet covers in logistics services and growing demand for thermal pallet covers from various end user industries are the major factor driving the growth of the Europe thermal pallet covers market.

In case of COVID-19, Europe is highly affected specially France. Moreover, Russia, the UK, and Germany are among worst hit countries. Also, they are expected to suffer an economic hit due to the lack of revenue from various industries. Logistics companies engaged with industries, such as automobile, electronics, medicines, medical equipment and supplies, and consumer items, are among adversely affected companies across the region. Ocean freight, land freight, and air freight recorded weak demand leading to slow operations and losses. European countries have implemented drastic measures and travel restrictions by partially closing their borders. Extended lockdowns created trade barriers and restricted the operations of logistics companies engaged with various industries. These factors are limiting the growth of the thermal pallet covers market. However, with the implementation of COVID-19 vaccination drives across European countries, the negative impact of the pandemic is expected to ease out in the coming years leading to the positive growth of the thermal pallet covers market across the region.


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Market Overview and Dynamics

The Europe thermal pallet covers market is expected to grow from US$ 1,111.99 million in 2021 to US$ 2,596.49 million by 2028; it is estimated to grow at a CAGR of 12.9% from 2021 to 2028.  Advent of bio-based and recyclable thermal pallet covers is expected to surge the market growth. In recent years, there has been a significant research on developing bio-based and recyclable thermal pallet covers. Many companies are developing thermal blankets and thermal covers made from bio-degradable plastics to minimize their carbon footprints. The use of bio-based and biodegradable materials for manufacturing thermal pallet covers would ultimately lower the environmental impact throughout the complete product life cycle and contribute to the sustainability. Moreover, bio-based thermal pallet covers can contribute significantly to material recovery and landfill reduction and ensure the optimum usage of renewable resources. Bio-based biodegradable thermal pallet covers fit completely into the model of circular economy because they regenerate CO2 and are made from renewable raw materials. TLX Manufacturing Ltd. is one of the key manufacturers that offer 100% recyclable thermal pallet covers under the TLX2 Cargo Cover product range. Moreover, TEMAX Group is one of the companies that provide bio-based thermal blankets and covers for pallets and are investing huge amounts in developing bio-degradable products. The company’s Temax-BIO thermal blankets or thermal pallet covers are made from 85% bio-based materials and are certified by TUV DINCERTCO. Such products are expected to gain high popularity in the sustainable market, which is further anticipated to fuel the growth of the Europe thermal pallet covers market over the forecast period.

Key Market Segments

In terms of application, the food & beverage segment accounted for the largest share of the Europe thermal pallet covers market in 2020.   Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe thermal pallet covers market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CargoWise Solutions Limited, ECEPLAST, ECOCOOL, PAC Worldwide Corporation, PROTEK CARGO, QProducts & Services, Softbox Systems Ltd., and TP Solutions.

 Reasons to buy report

  • To understand the Europe thermal pallet covers market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe thermal pallet covers market 
  • Efficiently plan M&A and partnership deals in Europe thermal pallet covers market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe thermal pallet covers market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Thermal Pallet Covers Market Segmentation 

Europe Thermal Pallet Covers Market - By Application

  • Pharmaceutical
  • Food & Beverage 
  • Chemicals
  • Others

Europe Thermal Pallet Covers Market - By Country

  • Germany
  • France
  • Italy  
  • UK
  • Russia
  • Rest of Europe  

Europe Thermal Pallet Covers Market - Company Profiles

  • CargoWise Solutions Limited
  • ECEPLAST
  • ECOCOOL
  • PAC Worldwide Corporation
  • PROTEK CARGO
  • QProducts & Services
  • Softbox Systems Ltd.
  • TP Solutions

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Europe Thermal Pallet Covers Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           Europe Thermal Pallet Covers Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Thermal Pallet Covers from Various End User Industries

5.1.2        Increasing Benefits of Thermal Pallet Covers in Logistics Services

5.2         Restraints

5.2.1        Environmental Effects of Single-use Thermal Pallet Covers

5.3         Market Opportunities

5.3.1        Rising Investments in Product Innovation and Research & Development Activities

5.4         Future Trend

5.4.1        Advent of Bio-based and Recyclable Thermal Pallet Covers

5.5         Impact Analysis of Drivers and Restraints

6.           Thermal Pallet Covers Market – Europe Analysis

6.1         Europe Thermal Pallet Covers Market Overview

6.2         Europe Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

7.           Europe Thermal Pallet Covers Market Analysis – By Application

7.1         Overview

7.2         Europe Thermal Pallet Covers Market, By Application (2020 and 2028)

7.3         Pharmaceutical

7.3.1        Overview

7.3.2        Pharmaceutical: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Food and Beverages

7.4.1        Overview

7.4.2        Food and Beverages: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Chemical

7.5.1        Overview

7.5.2        Chemical: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)

8.           Europe Thermal Pallet Covers Market – Country Analysis

8.1         Overview

8.1.1        Europe: Thermal Pallet Covers Market, by Key Country

8.1.1.1          Germany: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.1.1          Germany: Thermal Pallet Covers Market, by Application

8.1.1.2          France: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.2.1          France: Thermal Pallet Covers Market, by Application

8.1.1.3          Italy: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.3.1          Italy: Thermal Pallet Covers Market, by Application

8.1.1.4          UK: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.4.1          UK: Thermal Pallet Covers Market, by Application

8.1.1.5          Russia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.5.1          Russia: Thermal Pallet Covers Market, by Application

8.1.1.6          Rest of Europe: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

8.1.1.6.1          Rest of Europe: Thermal Pallet Covers Market, by Application

9.           Impact of COVID-19 Pandemic on Europe Thermal Pallet Covers Market

9.1         Europe: Impact Assessment of COVID-19 Pandemic

10.        Company Profiles

10.1      CargoWise Solutions Limited

10.1.1     Key Facts

10.1.2     Business Description

10.1.3     Products and Services

10.1.4     Financial Overview

10.1.5     SWOT Analysis

10.1.6     Key Developments

10.2      QProducts & Services

10.2.1     Key Facts

10.2.2     Business Description

10.2.3     Products and Services

10.2.4     Financial Overview

10.2.5     SWOT Analysis

10.2.6     Key Developments

10.3      PROTEK CARGO

10.3.1     Key Facts

10.3.2     Business Description

10.3.3     Products and Services

10.3.4     Financial Overview

10.3.5     SWOT Analysis

10.3.6     Key Developments

10.4      ECEPLAST

10.4.1     Key Facts

10.4.2     Business Description

10.4.3     Products and Services

10.4.4     Financial Overview

10.4.5     SWOT Analysis

10.4.6     Key Developments

10.5      PAC Worldwide Corporation

10.5.1     Key Facts

10.5.2     Business Description

10.5.3     Products and Services

10.5.4     Financial Overview

10.5.5     SWOT Analysis

10.5.6     Key Developments

10.6      TP Solutions

10.6.1     Key Facts

10.6.2     Business Description

10.6.3     Products and Services

10.6.4     Financial Overview

10.6.5     SWOT Analysis

10.6.6     Key Developments

10.7      ECOCOOL

10.7.1     Key Facts

10.7.2     Business Description

10.7.3     Products and Services

10.7.4     Financial Overview

10.7.5     SWOT Analysis

10.7.6     Key Developments

10.8      Softbox Systems Ltd.

10.8.1     Key Facts

10.8.2     Business Description

10.8.3     Products and Services

10.8.4     Financial Overview

10.8.5     SWOT Analysis

10.8.6     Key Developments

11.        Appendix

11.1      About The Insight Partners

11.2      Glossary of Terms

LIST OF TABLES

Table 1.             Europe Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Table 2.             Germany Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 3.             France Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.             Italy Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 5.             UK Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6.             Russia Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7.             Rest of Europe Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8.             Glossary of Terms

LIST OF FIGURES

Figure 1.           Europe Thermal Pallet Covers Market Segmentation

Figure 2.           Europe Thermal Pallet Covers Market Segmentation – By Country

Figure 3.           Europe Thermal Pallet Covers Market Overview

Figure 4.           Food and Beverage Segment Held Largest Share of the Market

Figure 5.           Germany Held the Largest Share of Market

Figure 6.           Expert Opinion

Figure 7.           Europe Thermal Pallet Covers Market, Ecosystem

Figure 8.           Europe Thermal Pallet Covers Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD Million)

Figure 10.        Europe Thermal Pallet Covers Market Revenue Share, By Application (2020 and 2028)

Figure 11.        Europe Pharmaceutical: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12.        Europe Food and Beverages: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13.        Europe Chemical: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        Europe Others: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        Europe: Thermal Pallet Covers Market, by Key Country – Revenue (2020) (USD Million)

Figure 16.        Europe: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)

Figure 17.        Germany: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 18.        France: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 19.        Italy: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 20.        UK: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 21.        Russia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 22.        Rest of Europe: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)

Figure 23.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. CargoWise Solutions Limited
  2. ECEPLAST
  3. ECOCOOL
  4. PAC Worldwide Corporation
  5. PROTEK CARGO
  6. QProducts & Services
  7. Softbox Systems Ltd.
  8. TP Solutions
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe thermal pallet covers market.     
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe thermal pallet covers market, thereby allowing players across the value chain to develop effective long-term strategies  
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the thermal pallet covers market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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