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Press Release:

Global Pallet Market to Reach US$ 75.9 Billion by 2027

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Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global pallet market size reached US$ 60.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

A pallet is a horizontal and portable wooden structure used for storing, handling, stacking, and transporting goods from one place to another. It generally uses stretch wraps, pallet collars, adhesives, and other stabilizing materials to secure goods from transportation damage. It is manufactured using various materials, including wood, plastic, metal, and corrugated paper, depending on the application. It helps simplify the loading and unloading process and ensures safe product delivery. Besides this, it improves warehouse operational efficiency by allowing easy movement of stacked goods using forklifts and pallet jacks. As a result, the pallet is extensively used by manufacturers and suppliers of commercial goods across the globe.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Pallet Market Trends:

Rapid urbanization, industrialization, and the rising trade volume across the globe represent one of the key factors positively influencing the market. In addition, increasing sales of smartphones, laptops, and tablets and the penetration of the internet, and the thriving e-commerce industry are catalyzing the demand for logistics services. This, along with the growing global population and consequently rising construction of residential and commercial places, is catalyzing the demand for pallets. Apart from this, the burgeoning chemical and pharmaceutical industries are increasing the overall sales of pallets. This can be attributed to the growing need for safer storage, handling, and transportation of products from the warehouse to the industries. Furthermore, manufacturers are introducing multiple-trip pallets as they offer a lower cost per trip, minimize solid waste, and enhance operational efficiency. This is creating a favorable market outlook. Additionally, the increasing use of plastic pallets on account of their recyclable and reusable properties is supporting the market growth. Moreover, continuous investments by leading players in research and development (R&D) to introduce technologically advanced product variants are expected to propel market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pallet market report, along with forecasts at the globaland regional level from 2023-2028. Our report has categorized the market based on type, application, and structural design.

Breakup by Type:

 

 
 

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  • Wood
  • Plastic
  • Metal
  • Corrugated Paper


Wood pallets currently hold the largest market share as they are sustainable, durable, and cost-effective.

Breakup by Application:

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


The food and beverages (F&B) industry accounts for the majority of the market share as pallets protect cans, bottles, boxes, and cartons from damage during processing and distribution activities.

Breakup by Structural Design:

  • Block
  • Stringer
  • Others


Block pallets are the most commonly used variants as they have a higher weight capacity and are stronger and more durable than stringer pallets.

Regional Insights:

 

 
 

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


North America exhibits a clear dominance in the market due to continuous development in the industrial sector and increasing trade activities across the region.

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 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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$), 2017 - 2022
Figure 3: Global: Pallet Market: Sales Volume (in Billion Units), 2017 - 2022
Figure 4: Global: Pallet Market: Breakup by Type (in %), 2022
Figure 5: Global: Pallet Market: Breakup by Application (in %), 2022
Figure 6: Global: Pallet Market: Breakup by Structural Design (in %), 2022
Figure 7: Global: Pallet Market: Breakup by Region (in %), 2022
Figure 8: Global: Pallet Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Pallet Market Forecast: Sales Volume (in Billion Units), 2023-2028
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), 2017 & 2022
Figure 14: Global: Wood Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 15: Global: Plastic Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 16: Global: Plastic Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 17: Global: Metal Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 18: Global: Metal Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 19: Global: Corrugated Paper Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 20: Global: Corrugated Paper Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 21: Global: Pallet (Application in Food and Beverages) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 22: Global: Pallet (Application in Food and Beverages) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 23: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 24: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 25: Global: Pallet (Application in Machinery and Metal) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 26: Global: Pallet (Application in Machinery and Metal) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 27: Global: Pallet (Application in Construction) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 28: Global: Pallet (Application in Construction) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 29: Global: Pallet (Other Applications) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 30: Global: Pallet (Other Applications) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 31: Global: Block Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 32: Global: Block Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 33: Global: Stringer Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 34: Global: Stringer Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 35: Global: Other Pallets Market: Sales Volume (in Million Units), 2017 & 2022
Figure 36: Global: Other Pallets Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 37: North America: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 38: North America: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 39: Asia Pacific: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 40: Asia Pacific: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 41: Europe: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 42: Europe: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 43: Middle East and Africa: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 44: Middle East and Africa: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 45: Latin America: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
Figure 46: Latin America: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 47: Global: Pallet: Import Breakup by Country (in %), 2021
Figure 48: Global: Pallet: Export Breakup by Country (in %), 2021
Figure 49: Pallet Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Pallet Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Pallet Market Forecast: Breakup by Type (in Million Units), 2023-2028
Table 3: Global: Pallet Market Forecast: Breakup by Application (in Million Units), 2023-2028
Table 4: Global: Pallet Market Forecast: Breakup by Structural Design (in Million Units), 2023-2028
Table 5: Global: Pallet Market Forecast: Breakup by Region (in Million Units), 2023-2028
Table 6: Global: Pallet: Import Data by Country, 2021
Table 7: Global: Pallet: Export Data by Country, 2021
Table 8: Pallet Manufacturing: Raw Material Requirements
Table 9: Global: Pallet Market: Competitive Structure
Table 10: Global: Pallet Market: Key Players


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Key Questions Answered in This Report

The global pallet market reached a value of US$ 60.3 Billion in 2022.

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.

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