The settlement is surrounded by water on three sides - in the east and west by Vembanad Lake and in the south by the Chenganda River.

A bridge provides access to mainland Cherthala while boats and ferry service to Vaikom are also available.

Pallippuram is noted for its whitish sand (due to the high silica content), which has extensive use in the glass and cement industries.

Mega Sea food park under KSIDC is situated in the industrial area of Pallippuram.

Nadakkal Parameswaran Pillai, the founder of the Indian Coffee House chain in Kerala, was a native of Pallippuram.