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Procurement Market Intelligence Report

Plastic Pallets Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Plastic Pallets?

What is the average price of Plastic Pallets?

This procurement report includes pricing information to help you purchase Plastic Pallets. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Plastic Pallets been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Plastic Pallets yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Plastic Pallets?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Plastic Pallets with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Plastic Pallets?

According to ProcurementIQ estimates, the pallet market is valued at more than $6 billion when including wood, plastic and paper pallets. ProcurementIQ estimates that plastic pallets account for about $1.7 billion of this total. The plastic pallets market has a low level of market share concentration, with the top four... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Inventory Levels

How many pallets do you have readily available?

How long does it take to make or acquire additional plastic pallets?

What is the difference in lead time for a standard pallet and a customized pallet?

What is your lead time for one-off purchases compared to high-volume purchases?

Supply Chain Risk

What types of arrangements do you have with your plastic and steel suppliers?

How many different input suppliers do you have?

How do you handle volatile input prices?

What steps do you take to limit dependence on any one supplier or customer?

On-Time Delivery

What percentage of your deliveries were on time or early in the past year?

What was the longest delay and what was the cause?

How are you trying to improve delivery times?

Do different products have more volatility in respect to delivery times?

What is your return policy on possibly defective shipments?

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Key elements for every RFP

What should my Plastic Pallets RFP include?

Project Budget

Buyers should state their total budget for their order. If a supply contract is being requested, buyers should state their annual budget for plastic pallets.

Buyers should provide a breakdown of their budget, listing individual budgets for each type of pallet.

Buyers should state what is included in the budget (i.e. transportation costs or only pallets).

Selection Criteria

Buyers should assess the product quality of each supplier.

Buyers should look at the pricing from each supplier.

Buyers should look at additional costs such as transportation and delivery, and any additional fees that may occur.

Buyers should look at each supplier's on-time delivery rate.

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, such as the final date to submit any questions and bids.

Buyers should provide a list of key milestone dates that will occur throughout the supply contract, if a supply contract is being signed. Examples include the date of first pallet shipments and subsequent dates for further shipments.

Evaluate major factors to mitigate risk

How risky is the Plastic Pallets supply chain?

There is a moderate level of supply chain risk in the plastic pallets market due primarily to the potential for input price fluctuations. Although supply chain risks are unlikely to affect the supply of key pallet components, they can have an impact on the price the buyer ultimately pays for... Subscribe to learn more.

HIGH

MEDIUM

LOW