Global Pallets Market: By Product Type (Rackable, Nestable, Stackable, Display), By Material Type (Wood, Plastic, Corrugated paper, Metal, Others), By End-User (Food & Beverage, Chemical, Retail, Pharmaceutical, Others) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
GLOBAL PALLETS MARKET: BY PRODUCT TYPE (RACKABLE, NESTABLE, STACKABLE, DISPLAY), BY MATERIAL TYPE (WOOD, PLASTIC, CORRUGATED PAPER, METAL, OTHERS), BY END-USER (FOOD & BEVERAGE, CHEMICAL, RETAIL, PHARMACEUTICAL, OTHERS) AND REGION – GLOBAL ANALYSIS OF MARKET SIZE, SHARE & TRENDS FOR 2019–2021 AND FORECASTS TO 2031
PRODUCT OVERVIEW
Pallets are a unit load's primary interface. They safeguard items transiting through the supply chain by protecting them from fork truck hits, absorbing tensions, holding weight, and absorbing fork truck impacts. When you consider all they are expected to perform, you can see how they have a significant impact on the outcome of a shipment. Pallets are so prevalent that they're almost unnoticeable, but without them, global trade would be as inefficient as a car without tires. Pallets of superior quality can hold more products per shipment, reduce product loss due to damage or infestation, prevent worker harm from overloaded or imbalanced shipments, and save money on things like fuel.
MARKET HIGHLIGHTS
Global Pallets Market is projected to register a higher CAGR of 5.2% in 2031.
Global Pallets Market to surpass USD 127.4 billion by 2031 from USD 76.7 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2021-2031. Factors include the growing use of material handling equipment across a variety of industries. Pallet manufacturing companies that cater to the market are focused on creating products that are light, robust, and efficient for end-users. Furthermore, important firms are focusing on developing new pallets with RFID chips connected for tracking and tracing.
GLOBAL PALLETS MARKET: SEGMENTS
Wood segment is expected to grow considerably over the forecast period
By material type, the global pallets market is divided into Wood, Plastic, Corrugated paper, Metal, and Others. Since wood is frequently utilized for handling and storage, it is currently the most popular pallet type. Wood pallets are more sturdy, lightweight, and cost-effective than other pallet kinds. More than half of all wood pallets are recycled, which is significantly greater than aluminum, paper, or plastic recycling rates. Furthermore, trees are rarely felled to create pallets. Pallet wood is a by-product of the timber that is used in the construction of houses and furniture.
Food & Beverage segment to grow with the highest CAGR during 2021-31
Global Pallets Market is divided into end-user categories as Food & Beverage, Chemical, Retail, Pharmaceutical, and Others. Form these, pallets are most commonly used in the food and beverage industries, owing to rising food demand due to rising population, rising consumer disposable income, and the growth of packaged food. Aside from the food and beverage business, pallets are used extensively in the chemical and pharmaceutical industries, as well as in agriculture.
MARKET DYNAMICS
Drivers
Focus on sustainable packaging and pallets is a major market driver
Use of RFID in pallet materials is benefitting for easy tracking, which drives the market
Restraint
High cost associated with the Global Pallets.
GLOBAL PALLETS MARKET:
Key Players
- Falkenhahn AG
- CABKA Group GmbH
- CHEP (Commonwealth Handling Equipment Pool)
- Palettes Gestion Services
- PalletOne, Inc.
- Schoeller Allibert Group B.V.
- The Corrugated Pallets Company
- ORBIS Corporation
- Craemer Holding GmbH
- Rehrig Pacific Company, Inc.
- World Steel Pallet Co.,Ltd
- Arrington Lumber & Pallet Co. Inc.
- LCN, Inc.
- Loscam Australia Pty Ltd
- Other prominent players
Global Pallets Market Segments:
- By Product Type
- Rackable
- Nestable
- Stackable
- Display
- By Material Type
- Wood
- Plastic
- Corrugated paper
- Metal
- Others
- By End-User
- Food & beverage
- Chemical
- Retail
- Pharmaceutical
- Others
- Global Pallets Market Dynamics
- Global Pallets Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- 1 Executive Summary
- 2 Global Pallets Market
- 2.1. Product Overview
- 2.2. Market Definition
- 2.3. Segmentation
- 2.4. Assumptions and Acronyms
- 3 Research Methodology
- 3.1. Research Objectives
- 3.2. Primary Research
- 3.3. Secondary Research
- 3.4. Forecast Model
- 3.5. Market Size Estimation
- 4 Average Pricing Analysis
- 5 Macro-Economic Indicators
- 6 Market Dynamics
- 6.1. Growth Drivers
- 6.2. Restraints
- 6.3. Opportunity
- 6.4. Trends
- 7 Correlation & Regression Analysis
- 7.1. Correlation Matrix
- 7.2. Regression Matrix
- 8 Recent Development, Policies & Regulatory Landscape
- 9 Risk Analysis
- 9.1. Demand Risk Analysis
- 9.2. Supply Risk Analysis
- 10 Global Pallets Market Analysis
- 10.1. Porters Five Forces
- 10.1.1. Threat of New Entrants
- 10.1.2. Bargaining Power of Suppliers
- 10.1.3. Threat of Substitutes
- 10.1.4. Rivalry
- 10.2. PEST Analysis
- 10.2.1. Political
- 10.2.2. Economic
- 10.2.3. Social
- 10.2.4. Technological
- 11 Global Pallets Market
- 11.1. Market Size & forecast, 2020A-2031F
- 11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12 Global Pallets Market: Market Segmentation
- 12.1. By Regions
- 12.1.1. North America:(U.S., Mexico, and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.2. Latin America: (Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.3. Europe: (Germany, France, Italy, Spain, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.4. Asia-Pacific: (China, India, Japan, Indonesia, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.1.5. Middle East and Africa: (North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2. By Product Type: Market Share (2020-2031F)
- 12.2.1. Rackable, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2.2. Nestable, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2.3. Stackable, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.2.4. Display, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3. By Material Type: Market Share (2020-2031F)
- 12.3.1. Wood, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3.2. Plastic, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3.3. Corrugated paper, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3.4. Metal, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.3.5. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.4. By End User: Market Share (2020-2031F)
- 12.4.1. Food & Beverage, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.4.2. Chemical, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.4.3. Retail, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.4.4. Pharmaceutical, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 12.4.5. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
- 13 Company Profile
- 13.1. Falkenhahn AG
- 13.1.1. Company Overview
- 13.1.2. Company Total Revenue (Financials)
- 13.1.3. Market Potential
- 13.1.4. Global Presence
- 13.1.5. Key Performance Indicators
- 13.1.6. SWOT Analysis
- 13.1.7. Product Launch
- 13.2. CABKA Group GmbH
- 13.3. CHEP (Commonwealth Handling Equipment Pool)
- 13.4. Palettes Gestion Services
- 13.5. PalletOne, Inc.
- 13.6. Schoeller Allibert Group B.V.
- 13.7. The Corrugated Pallets Company
- 13.8. ORBIS Corporation
- 13.9. Craemer Holding GmbH
- 13.10. Rehrig Pacific Company, Inc.
- 13.11. World Steel Pallet Co.,Ltd
- 13.12. Arrington Lumber & Pallet Co. Inc.
- 13.13. LCN, Inc.
- 13.14. Loscam Australia Pty Ltd
- 14 Consultant Recommendation
- **The above-given segmentation and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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