Mexico Pallet Market Overview, 2028

Mexico Pallet Market Overview, 2028

Initially, pallets were mainly used by large corporations and multinationals in Mexico. However, as the Mexican economy continued to grow, the use of pallets became more widespread, and more local companies started adopting the use of pallets in their operations. In the 1990s, the adoption of pallets in Mexico received a significant boost when the country signed the North American Free Trade Agreement (NAFTA). The agreement allowed for increased trade between Mexico, the United States, and Canada. Pallets were essential in facilitating the transportation of goods across the borders. Pallet market in Mexico is growing due to the expansion of various industries such as automotive, food and beverage, pharmaceuticals, and retail. The use of pallets has become essential for the efficient movement of goods throughout the supply chain, from manufacturing to distribution and retail. The most common types of pallets used in Mexico are wooden and plastic, with a preference for wooden pallets due to their lower cost and availability. However, there is an increasing demand for plastic pallets due to their durability and ease of cleaning. The pallet market in Mexico is expected to continue to grow in the coming years, driven by the increasing demand for efficient logistics and the expansion of various industries.

According to the research report “Mexico Pallet Market Overview, 2028,"" published by Bonafide Research, the market is expected to add USD 261.07 Million by 2028 The market for pallets is being driven by the growing popularity of online shopping in the Country, which is resulting in the wide adoption of pallets by large online retailers to store and transport their merchandise. The efforts made by the market players in the research and development of state-of-the-art pallets are also accelerating the market development. There is a rising inclination towards wooden pallets owing to their multiple advantages when compared to their counterparts, such as cost-effectiveness, enhanced durability, wider availability and easy reparability, and the ability to carry higher weight capacities. Further, there is an improved availability of sustainable and renewable pallet solutions.

According to Findings, the average size of a warehouse in Mexico is around 3,000 to 5,000 square meters. However, larger warehouses of 10,000 to 15,000 square meters or more, a standard pallet in Mexico measures 1.2 meters by 1 meter and can hold up to 1,000 kilograms of goods. A typical warehouse with a height of around 6 meters can store 2 to 3 pallets vertically, depending on the racking system used. This means that a 3,000 square meter warehouse with a height of 6 meters can store up to 6,000 to 9,000 pallets.

The pallet market in the Mexico is segmented by material type into four parts based on material type: wood, plastic, metal, and corrugated. Currently, wood pallets are dominating the market, and wood pallets are expected to dominate the market for pallets in the country during the forecast period due to their greater reusability than plastic pallets and low cost per trip. They are also reusable, easy to repair, and can carry heavy loads of goods. A plastic pallet is a flat platform made from plastic materials, typically polyethylene or polypropylene that is used to transport, store, and stack goods. It is an alternative to traditional wooden pallets and has advantages such as being lighter, more durable, and resistant to moisture and pests. Metal pallets are another pallet variant, besides those made of wood and plastic, with very specific applications. Due to them being heavy-duty, they are the most commonly used pallet in the automotive and metal processing sectors. Corrugated pallets, also known as paper pallets or cardboard pallets are pallets made from paper board sheets, corrugated material and other reinforced paper goods, rather than wood. Corrugated pallets can be made using engineered corrugated products that are suited for clean room environments in medical, pharmaceutical and non-wet food applications.

The pallet market in the Mexico is segmented by end use: food and beverages, chemicals, pharmaceuticals, healthcare, automotive, transportation and warehousing, consumer goods and retail, engineering, and agriculture. Currently, the transportation and warehousing industry dominates the pallet market in the Mexico because pallets are necessary for the efficient movement and storage of goods, which is a primary function of this industry. Pallets make it easier to move and stack products, and they are widely used in logistics operations such as loading and unloading trucks and storing products in warehouses. The transportation and warehousing industry is expected to influence the demand for pallets in the Mexico.

The pallet market in the Mexico is segmented by application type: rental and non-rental. Because most businesses use their own pallets to store their goods, maintain inventory, and transport goods, the non-rental segment currently dominates the market. During the forecast period, it is expected that the non-rental segment will dominate the market for pallets in the Mexico.

The pallet market in the Mexico is segmented by structural design type: block and stringer. The stringer pallet is dominating the market for pallets in the Mexico, and it is expected to dominate the market in the Mexico during the forecast period because they use stringers to support the unit load. Stringers are the boards that are sandwiched between the top and bottom deckboards and are typically made out of 2 x 4s or 3 x 4s. The stringer pallet is the most commonly used pallet in the Mexico, with the most common size being 48 x 40"".


Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Mexico pallet market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material Type
• Wood
• Plastic
• Metal
• Corrugated
• Others

By End Use
• Food and Beverages
• Chemicals
• Pharmaceuticals and Healthcare
• Automotive
• Transportation & Warehousing
• Consumer goods and Retail
• Engineering
• Agriculture
• Other End Use

By Application Type
• Rental
• Non Rental
 
By Structural Design
• Block
• Stringers
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Vacuum Cleaner market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.