Global Pallets

Global Pallets 

Global demand for pallets is forecast to increase 3.8% per year to 6.4 billion units in 2024. In value terms, sales are projected to rise 5.0% per year to $64.7 billion. Growth will be driven by expansion of distribution infrastructure to support rising manufacturing activity, particularly in industrializing countries. Sales will be further boosted by an above-average performance for higher-priced plastic pallets.

The report covers pallet demand by material, market, and region. Demand and production are presented in unit terms. Demand totals are also presented in US dollar terms.

Demand by material is presented for:
Wood, including lumber and engineered wood
Plastic
Corrugated paper and molded pulp
Metal

Markets for pallets include:
Manufacturing
Food & beverages
Transportation equipment
Chemicals
Other manufacturing industries (e.g., electronic products, metal products, machinery)
Warehousing
Construction
Other markets (e.g., military transportation and storage, retailers)

Demand by is presented for 24 countries in the following regions:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Also presented is information on pallet stocks and pallet trips.

Scope of the Report
This report covers the scope, size, and growth of the global pallet market, including key trends in materials, markets, and regions. Historical data are provided for 2009, 2014, and 2019 for demand,
production, and net exports, with forecasts for 2024. Historical market volatility is also addressed. Data are provided in units and US dollars. Demand totals at the country level are also presented in local currency terms. Also included is an analysis of key industry players and their global market shares.