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Compressed Wood Pallets

Presswood pallets, also known as molded wooden pallets, are made of wood byproducts such as waste pallets, raw wood shavings, wood waste, saw-dust and any other material containing wooden fibre. Their unique design means that they can hold substantial load capacities, whilst also being relatively lightweight. They are also both stackable and nestable, helping to reduce storage space and freight costs during shipment. Generally they are made from ‘resinous’ trees (pine, fir, etc.), the chips come directly from logging and sawmills or from the wood recycling industry. This makes this particular type of pallet extremely eco-friendly. Compressed wood pallets are recognized worldwide as complying with ISPM 15 and that the vast majority of countries readily accept the pallets without the need for further treatment. The demand for pallets in India is expected to increase at a Y-o-Y growth rate of 9.3% in 2016 over 2015. The India pallets market is estimated to register a CAGR of 13.9% during the forecast period (2016-2024). These are the major findings of a report titled “Pallets Market: Demand for pallets in India is expected to increase at a significant rate due to the growth of the manufacturing sector in India. Growing demand for safe transportation of products is also likely to propel the growth of the market. Moreover, a rise in the development of the warehousing and logistical structure in India is anticipated to boost pallet usage shortly. Increased demand from the user industry, up-surged economic activity, positive business sentiments and rising investment in the manufacturing and infrastructure facilities are the major growth drivers for global pallet market in the upcoming years. In addition to that, escalating demand from packaging and automobile industry is yet another factor to act as a growth driver for the global pallet market in coming future. The limited availability of raw material and high cost of raw material are the two major challenges for the global pallet market.
Plant capacity: Compressed Wood Pallets (each 15 Kgs):180 Pcs. per dayPlant & machinery: 155 Lakh
Working capital: -T.C.I: Cost of Project:408 Lakh
Return: 25.00%Break even: 67.00%
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