United Kingdom (UK) Pallet Market Overview, 2028

United Kingdom (UK) Pallet Market Overview, 2028

Pallets allow items to be simply and safely batched up, loaded, and transported while optimising space and efficiency, saving suppliers and their customer’s time and money. Wooden pallets are also the most ecologically friendly and least priced solution. This is why economists have identified pallets as one of the pillars of free-flowing international trade over the last six decades. For many years, wood's low cost, adaptability, cleanliness credentials, and abundant availability have helped it maintain 90% of the UK pallet market. Its better sustainability is also becoming increasingly crucial to enterprises. The UK pallet business is also seeing increased attention from a diverse variety of enterprises in the express parcels and logistics sectors, which is expected to accelerate the increase in pallet demand. Furthermore, the utilisation of UK-sourced timber in the construction of pallets has increased.

According to the research report ""UK pallet Market Overview, 2028,"" published by Bonafide Research, the market is expected to add USD 162 Million in the upcoming period, 2023-28. The pallets market is divided into four categories: type, application, material, and end-user. The market is divided into four material categories: wood, plastic, Metal, Corrugated and Others. Rackable, stackable, and others are the different types. It is classified as rental or non-rental according on its application. End-user industries include food and beverage, chemical, retail, pharmaceutical, and others. By material, the wood segment led the pallets market in terms of revenue. Wood pallets are in high demand throughout a wide range of sectors, including logistics & transportation, building & construction, etc. The majority of pallets in use today are made of wood, and they are one of the main contributors to municipal solid garbage (MSW). Furthermore, discarded wooden pallets are high in energy, which is typically lost during MSW disposal. As a result, industries are already implementing recycling ways to decrease wood waste in pallet manufacture. When a wooden pallet is deteriorated to the point that restoration is no longer possible, it is time to recycle. Pallets are recycled by companies such as panels and composite block, or they are turned into animal bedding or delivered to biomass generators for sustainable energy. In the UK and EU region combined, there are an estimated three billion wooden pallets in circulation, with an annual output of roughly 500 million. To further lower its overall carbon footprint, responsible producers employ certified sustainable wood (PEFC or FSC certified sources). Every year, the packaging and pallet industries in Europe utilize around 20 million cubic meters of material. Each pallet has about 27kg of carbon.

According to a recent study conducted by the United Kingdom Warehousing Association (UKWA) and Savills, there are over 1,500 distinct warehouse facilities in the UK, each with more than 100,000 square feet of area. This equates to little about 424 million square feet of warehouse area utilised for storage and distribution [1]. However, the combination of diminishing UK-wide space supply for the seventh consecutive year and consistent rise in demand for omni-channel retail fulfilment means there is pressure to do more with less. Tenants in the United Kingdom originally opposed the concept of multi-level flats, stating concerns that global parcel operators aren't used to functioning in this manner. This makes funding the construction costs exceedingly difficult.

Pallet manufacturers in the UK produce various kinds of pallets of different sizes and shapes. And also produce bespoke pallets that come with designs that are tailored to serve your business effectively. Some of the major Pallet Manufacturers in the UK are Associated Pallets, Abbey Services, PH Pallets, JCS Pallets, Pine Products, James Jones & Sons, Penntree, Pallet Sales & Repairs, GFB Pallets and HG Timber.

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

Aspects covered in this report
• UK 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 Application Type
• Rental
• Non- rental

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

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

By Structural Design
• Block
• Stringer
• 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 pallet 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.