Global Pallets Market is valued approximately USD 92.97 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2023-2030. Pallets is rectangular sections that are used to support goods while it is being carried. Pallets are commonly composed of wood and plastic. It is secondary packaging that used in supply chains for stacking, storing, protecting, or transporting things. It serves as the foundation for unitizing products for transportation and warehousing. Pallets are used in almost all supply chains, including those in the chemical, food and beverage, retail, and other sectors. Growing need for sanitary, contamination-free, and long-lasting pallets in the food and beverage, pharmaceutical, and chemical sectors is likely to drive the market. Also, the growing demand for the reusable packaging due to the growing emphasis on environmentally friendly material handling solutions. Pallet demand is also being boosted by the rising need for HDPE material in the shipping and automotive industries because to its capacity for supporting big loads.
Moreover, the growing e-commerce industry has indeed played a significant role in supporting the growth of the pallets market. The rise of e-commerce has led to a surge in online orders and home deliveries. This has resulted in a greater need for efficient shipping and logistics operations. Pallets provide a standardized and convenient way to handle, stack, and transport goods. They enable efficient movement of products from warehouses to distribution centers, and ultimately to the customers, streamlining the entire supply chain. Thus, the growing e-commerce industry is anticipated to support the market growth. According to Statista, in 2015 the global retail e-commerce sales was USD 1,548 billion and the number is anticipated to reach USD 8,148 billion by 2026. As a result, rising ecommerce sector is anticipated to create the lucrative demand for the market. Furthermore, the rise in focus on sustainable pallet production and growing adoption of new technologies in supply chain is anticipated to create the lucrative opportunity for the market. However, the high product cost and sustainability issue stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pallets Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to growing demand in chemical and pharmaceutical industry, rising number of warehouses, growing e-commerce logistics, and rising goods transportation sectors in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to large-scale products exports and imports, development of the e-commerce industry, rise in focus on sustainable pallet production, growing warehouses and logistics industry in the region.
Major market player included in this report are:
- Brambles Limited
- CABKA Group GmbH
- Craemer Holding GmbH
- Falkenhahn AG
- LOSCAM International Holdings Co., Ltd.
- Menasha Corporation
- Millwood, Inc.
- Rehrig Pacific Holdings, Inc.
- Schoeller Allibert Services B.V
- UFP Industries, Inc.
Recent Developments in the Market:
- In March 2023, Craemer Holding GmbH expanded Craemer UK, a new plastic pallet manufacturing company, with this addition, lead times were shortened, customers received their purchases more rapidly, and Craemer's plant in Germany no longer required any shipping. Additionally, there was a considerable decrease in CO2 emissions, which would appeal to UK purchasers of Cramer products.
- In September 2020, Menasha's subsidiary ORBIS Corporation unveiled a new Odyssey pallet. The Odyssey rackable pallet is perfect for heavy-duty racking applications and weights more than 2,800 pounds in unsupported racking. The product comes in a 40 x 48-inch dimension and offers molded-in frictional components and steel reinforcements as options.
Global Pallets Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Material, Type, Application, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
- Wood
- Plastic via Injection Molding
- Plastic via Other Methods
- Corrugated Paper
- Metal
By Type:
- Rackable
- Nestable
- Stackable
- Display
By Application:
BY End User:
- Food and Beverage
- Chemical, Retail
- Pharmaceutical
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Pallets Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Pallets Market, by Material, 2020-2030 (USD Billion)
- 1.2.3. Pallets Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Pallets Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Pallets Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Pallets Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Pallets Market Dynamics
- 3.1. Pallets Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Adoption of Pallets for Transportation Purpose
- 3.1.1.2. Growing demand in e-commerce industry
- 3.1.2. Market Challenges
- 3.1.2.1. Rise in price of wooden pallets
- 3.1.3. Market Opportunities
- 3.1.3.1. Adoption of new technologies in supply chain
Chapter 4. Global Pallets Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Pallets Market, by Material
- 5.1. Market Snapshot
- 5.2. Global Pallets Market by Material, Performance - Potential Analysis
- 5.3. Global Pallets Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
- 5.4. Pallets Market, Sub Segment Analysis
- 5.4.1. Wood, Plastic via Injection Molding
- 5.4.2. Plastic via Other Methods
- 5.4.3. Corrugated Paper
- 5.4.4. Metal
Chapter 6. Global Pallets Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Pallets Market by Type, Performance - Potential Analysis
- 6.3. Global Pallets Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4. Pallets Market, Sub Segment Analysis
- 6.4.1. Rackable
- 6.4.2. Nestable
- 6.4.3. Stackable
- 6.4.4. Display
Chapter 7. Global Pallets Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Pallets Market by Application, Performance - Potential Analysis
- 7.3. Global Pallets Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Pallets Market, Sub Segment Analysis
- 7.4.1. Rental
- 7.4.2. Non-rental
Chapter 8. Global Pallets Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Pallets Market by End User, Performance - Potential Analysis
- 8.3. Global Pallets Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 8.4. Pallets Market, Sub Segment Analysis
- 8.4.1. Food and Beverage
- 8.4.2. Chemical
- 8.4.3. Retail
- 8.4.4. Pharmaceutical
- 8.4.5. Others
Chapter 9. Global Pallets Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Pallets Market, Regional Market Snapshot
- 9.4. North America Pallets Market
- 9.4.1. U.S. Pallets Market
- 9.4.1.1. Material breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Pallets Market
- 9.5. Europe Pallets Market Snapshot
- 9.5.1. U.K. Pallets Market
- 9.5.2. Germany Pallets Market
- 9.5.3. France Pallets Market
- 9.5.4. Spain Pallets Market
- 9.5.5. Italy Pallets Market
- 9.5.6. Rest of Europe Pallets Market
- 9.6. Asia-Pacific Pallets Market Snapshot
- 9.6.1. China Pallets Market
- 9.6.2. India Pallets Market
- 9.6.3. Japan Pallets Market
- 9.6.4. Australia Pallets Market
- 9.6.5. South Korea Pallets Market
- 9.6.6. Rest of Asia Pacific Pallets Market
- 9.7. Latin America Pallets Market Snapshot
- 9.7.1. Brazil Pallets Market
- 9.7.2. Mexico Pallets Market
- 9.8. Middle East & Africa Pallets Market
- 9.8.1. Saudi Arabia Pallets Market
- 9.8.2. South Africa Pallets Market
- 9.8.3. Rest of Middle East & Africa Pallets Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Brambles Limited
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. CABKA Group GmbH
- 10.3.3. Craemer Holding GmbH
- 10.3.4. Falkenhahn AG
- 10.3.5. LOSCAM International Holdings Co., Ltd.
- 10.3.6. Menasha Corporation
- 10.3.7. Millwood, Inc.
- 10.3.8. Rehrig Pacific Holdings, Inc.
- 10.3.9. Schoeller Allibert Services B.V
- 10.3.10. UFP Industries, Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption