Thermal pallet covers safeguard temperature-sensitive goods from the effects of harsh weather and decrease the risk of excursions. The heat transmission from the environment to the product is slowed by using thermal pallet covers. The ability of thermal pallet covers to reflect heat and reduce moisture content inside aids in extending the time it takes for the product mass to lose its warmth. Thermal pallet covers maintain the ambient temperature of goods in transit. They protect the temperature-sensitive products from small temperature spikes that can occur during loading and unloading, cross docking, and during warehousing and packaging.
Growing Demand from Various End User Industries to Boost the Global Thermal Pallet Covers Market
Thermal pallet covers have wide application across industries such as pharmaceuticals, food & beverage, chemicals, and paints & pigments. Pharmaceutical products, especially drugs and medicines, are highly temperature sensitive. Temperature fluctuations have been a concern for logistics businesses, specializing in pharmaceutical and healthcare shipping services. Exposure to extreme weather conditions and temperature changes can cause damage to the product, which can lead to stock wastage and losses. Therefore, thermal pallet covers are extensively used while loading, unloading, warehousing, and cross-docking of pharmaceutical drugs. In the food & beverage sector, the use of thermal pallet covers is quite common. Certain food and beverages, such as frozen food, perishable food products, ice-creams, frozen desserts, bakery goods, and alcoholic beverages, are extremely sensitive to temperature. These products need to be stored and shipped at ambient temperature conditions. In temperature fluctuations, thermal pallet covers help in preventing losses and damages of perishable food products. Therefore, these covers are in high demand from the food & beverage industries. Chemicals are generally highly sensitive to environmental conditions. Different chemicals require different temperature and pressure condition depending upon their physical and chemical characteristics. They demand careful packaging during transit. Thermal pallet covers are affordable and effective solution to meet different temperature requirements for shipping the chemicals. Therefore, several industrial chemical manufacturers require thermal pallet covers for the transportation of chemical products to ensure their safety from extreme temperature and environmental conditions. As a result, the demand for thermal pallet covers is significantly increasing from the chemical industry. All these factors are driving the growth of thermal pallet covers market across the world.
CargoWise Solutions Limited, QProducts & Services, Insulated Products Corporation, Protek Cargo, ECEPLAST, PAC Worldwide Corporation, TP Solutions, ECOCOOL, Softbox, Nordic Cold Chain Solutions are amongst the major market players operating in the thermal pallet covers market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements. Over the past few years, the companies operating in the market have realized the immense potential pertaining to the thermal pallet covers market and were highly involved in strategies such as mergers & acquisition and product launch. Also, the players present in thermal pallet covers market mainly concentrate on developing company news to enlarge the customer base across the world, which also permits the players to maintain their brand name. For example, in 2020, Softbox helped protect temperature-sensitive shipments of vital medicines to the Democratic Republic of the Congo in partnership with the charity International Health Partners. The company donated its Silverskin thermally insulating pallet covers, which International Health Partners used in order to protect shipments of medicines to the Democratic Republic of the Congo. However, the transport of the medicines was challenging owing to logistical challenges caused by COVID-19. Shipments contained Essential Health Packs, each pack including about 800 donated treatments of antibiotics, painkillers, and other necessary primary health medicines.
