Global Pallets Market Size study & Forecast, by Material (Wood, Plastic via Injection Molding, Plastic via Other Methods, Corrugated Paper, Metal), by Type (Rackable, Nestable, Stackable, Display), by Application (Rental, Non-rental), by End-user (Food an

Global Pallets Market Size study & Forecast, by Material (Wood, Plastic via Injection Molding, Plastic via Other Methods, Corrugated Paper, Metal), by Type (Rackable, Nestable, Stackable, Display), by Application (Rental, Non-rental), by End-user (Food and Beverage, Chemical, Retail, Pharmaceutical, Others) and Regional Analysis, 2023-2030

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

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:
Rental
Non-rental
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

Companies Mentioned
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.

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