Change Language

Select Language

Press Release:

Global Pallet Market to Reach US$ 75.9 Billion by 2027

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global pallet market reached a value of US$ 57.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 75.9 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Pallets refer to horizontal platforms that support goods and assist in carrying them from one place to another using a front loader or a forklift. They are one of the most common bases employed to stack goods and are generally secured with a stretch wrap, pallet collar, adhesive or other means of stabilization. They can be manufactured using different materials depending on the application, such as wood, plastic, metal, etc. As they are relatively stronger than other containers like plastic wrappers and cardboard boxes, workers can stack heavier objects on a single pallet without breaking it. Owing to these attributes, they are extensively used by a large number of manufacturers and shippers of commercial goods across the globe.

With the rising sales of smartphones, increasing penetration of the internet and growing e-commerce industry, the demand for logistics services is being spurred considerably which, in turn, is strengthening the growth of the pallet market across the globe. Apart from this, increasing consumer expenditure on housing and infrastructural activities owing to the inflating income levels of consumers, in confluence with the rapid urbanization as well as industrialization, is boosting the demand for pallets worldwide. In addition, manufacturers are investing in research and development (R&D) activities to incorporate technological innovations in the production of pallets. For instance, they have introduced multiple-trip pallets, which aid in reducing cost per-trip, eradicating solid waste and improving operational efficiency. Plastic pallets have also gained immense popularity across various sectors on account of their reusability and recyclability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pallet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and structural design.

Breakup by Type:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper
     

Wood currently represents the most popular pallet type as it is widely used for handling and storing purposes. In comparison with other pallet types, wood pallets are more durable, lightweight and cost-effective.

Breakup by Application:

  • Food and Beverages
  • Chemicals and Pharmaceuticals
  • Machinery and Metal
  • Construction
  • Others
     

The food and beverage segment accounts for the majority of the total market share.

Breakup by Structural Design:

  • Block
  • Stringer
  • Others
     

At present, block pallets exhibit dominance in the market, followed by stringer and others. These pallets use blocks of plywood, solid waste and plastic to support the unit load. Furthermore, they are relatively taller, which helps in making additional clearance for fork insertion.

Regional Insights:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
     

North America enjoys the leading position in the market, owing to the rising demand for pharmaceuticals and health supplements. The majority of the demand in the region comes from the United States and Canada as a result of their well-established food and beverage as well as the construction industry.

Based on imports and exports, Germany presently represents the largest importer, while Poland represents the biggest exporter of pallets around the world.

Competitive Landscape:

The market is fragmented in nature due to the presence of several small and large manufacturers who compete against one another in terms of prices and quality. Some of the leading players operating in the market are:

  • Brambles Ltd.
  • Rehrig Pacific Company
  • Schoeller Allibert
  • LOSCAM
  • CABKA Group
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, Billion Units
Segment Coverage Type, Application, Structural Design, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Brambles Ltd., Rehrig Pacific Company, Schoeller Allibert, LOSCAM and CABKA Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Pallet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Structural Design
    5.7    Market Breakup by Region
    5.8   Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6   Market Breakup by Type
    6.1    Wood
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Plastic
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Metal
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Corrugated Paper
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Application
    7.1    Food and Beverages
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Chemicals and Pharmaceuticals
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Machinery and Metal
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Construction
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Structural Design
    8.1    Block
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Stringer
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Europe
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Middle East and Africa
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Latin America
        9.5.1 Market Trends
        9.5.2 Market Forecast
10   Imports and Exports
    10.1    Imports by Major Countries
    10.2    Exports by Major Countries
11   Pallet Manufacturing Process
    11.1    Product Overview
    11.2    Raw Material Requirements
    11.3    Manufacturing Process
    11.4    Key Success and Risk Factors
12   Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Brambles Ltd
        12.3.2    Rehrig Pacific Company
        12.3.3    Schoeller Allibert
        12.3.4    LOSCAM
        12.3.5    CABKA Group

List of Figures

Figure 1: Global: Pallet Market: Major Drivers and Challenges
Figure 2: Global: Pallet Market: Sales Value (in Billion US$), 2016 - 2021
Figure 3: Global: Pallet Market: Sales Volume (in Billion Units), 2016 - 2021
Figure 4: Global: Pallet Market: Breakup by Type (in %), 2021
Figure 5: Global: Pallet Market: Breakup by Application (in %), 2021
Figure 6: Global: Pallet Market: Breakup by Structural Design (in %), 2021
Figure 7: Global: Pallet Market: Breakup by Region (in %), 2021
Figure 8: Global: Pallet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Pallet Market Forecast: Sales Volume (in Billion Units), 2022-2027
Figure 10: Global: Pallet Industry: SWOT Analysis
Figure 11: Global: Pallet Industry: Value Chain Analysis
Figure 12: Global: Pallet Industry: Porter’s Five Forces Analysis
Figure 13: Global: Wood Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 14: Global: Wood Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 15: Global: Plastic Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 16: Global: Plastic Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 17: Global: Metal Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 18: Global: Metal Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 19: Global: Corrugated Paper Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 20: Global: Corrugated Paper Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 21: Global: Pallet (Application in Food and Beverages) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 22: Global: Pallet (Application in Food and Beverages) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 23: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 24: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 25: Global: Pallet (Application in Machinery and Metal) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 26: Global: Pallet (Application in Machinery and Metal) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 27: Global: Pallet (Application in Construction) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 28: Global: Pallet (Application in Construction) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 29: Global: Pallet (Other Applications) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 30: Global: Pallet (Other Applications) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 31: Global: Block Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 32: Global: Block Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 33: Global: Stringer Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 34: Global: Stringer Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 35: Global: Other Pallets Market: Sales Volume (in Million Units), 2016 & 2021
Figure 36: Global: Other Pallets Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 37: North America: Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 38: North America: Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 39: Asia Pacific: Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 40: Asia Pacific: Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 41: Europe: Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 42: Europe: Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 43: Middle East and Africa: Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 44: Middle East and Africa: Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 45: Latin America: Pallet Market: Sales Volume (in Million Units), 2016 & 2021
Figure 46: Latin America: Pallet Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 47: Global: Pallet: Import Breakup by Country (in %), 2020
Figure 48: Global: Pallet: Export Breakup by Country (in %), 2020
Figure 49: Pallet Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Pallet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Pallet Market Forecast: Breakup by Type (in Million Units), 2022-2027
Table 3: Global: Pallet Market Forecast: Breakup by Application (in Million Units), 2022-2027
Table 4: Global: Pallet Market Forecast: Breakup by Structural Design (in Million Units), 2022-2027
Table 5: Global: Pallet Market Forecast: Breakup by Region (in Million Units), 2022-2027
Table 6: Global: Pallet: Import Data by Country, 2020
Table 7: Global: Pallet: Export Data by Country, 2020
Table 8: Pallet Manufacturing: Raw Material Requirements
Table 9: Global: Pallet Market: Competitive Structure
Table 10: Global: Pallet Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global pallet market reached a value of US$ 57.6 Billion in 2021.

The expanding e-commerce sector is propelling the adoption of pallets in numerous logistics and warehousing activities, thereby representing one of the key factors driving the global pallet market. 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and supply chain disruptions of pallets.

Based on the type, the global pallet market can be segregated into wood, plastic, metal, and corrugated paper. Currently, wood holds the majority of the total market share.

Based on the application, the global pallet market has been bifurcated into food and beverages, chemicals and pharmaceuticals, machinery and metal, construction, and others. Among these, the food and beverages sector represents the largest segment.

Based on the structural design, the global pallet market can be categorized into block, stringer, and others. Currently, block exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global pallet market include Brambles Ltd, Rehrig Pacific Company, Schoeller Allibert, LOSCAM, and CABKA Group.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

United States Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

India Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

China Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Sterile Medical Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Cold Chain Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links