Global Pallet Pooling (Rental) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pallet Pooling (Rental) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pallet Pooling (Rental) is to achieve efficient logistics and effective recycling of resources, regionally or nationwide to ensure the shared network and operating system of transport packaging such as pallets and turnover boxes. Among them, pallet leasing refers to the pallet supply model that the pallet leasing company provides pallets to customers in the form of lease and allows customers to return with the lease and return the pallets in different places. It involves warehousing and transportation, off-site recycling, maintenance and other links.

Market Overview:

The latest research study on the global Pallet Pooling (Rental) market finds that the global Pallet Pooling (Rental) market reached a value of USD 10164.98 million in 2022. It’s expected that the market will achieve USD 14657.54 million by 2028, exhibiting a CAGR of 6.29% during the forecast period.

COVID-19 affects the industrial chain.

The sudden outbreak of the COVID-19 pandemic has led to the implementation of strict lockdown regulations in many countries/regions, resulting in the suspension of Pallet's import and export activities. In the current market economy, the upstream and downstream industrial chains have never been so closely linked. The COVID-19 pandemic has caused a large number of factories to stop production, isolate employees from work, and obstruct transportation. The production of the Pallet industry has also been affected by COVID-19. The supply of raw materials was blocked, and Pallet was unable to produce normally. At the same time, Pallet's product sales and downstream logistics, warehousing and other industries are also affected. Therefore, dealing with the impact of COVID-19 on the Pallet industry chain is also one of the issues that manufacturers need to solve.

COVID-19 affects the Pallet Pooling (Rental) market.

The COVID-19 outbreak has paralyzed global traffic and reduced trade. The business of the logistics industry has declined, so the demand for pallets has fallen. COVID-19 has also caused factories to shut down or even shut down, as does the pallet industry. This led to a decline in the output of wooden pallets. In addition, COVID-19 has led to insufficient supply of raw materials, and tight supply and demand has further led to an increase in pallet prices.

Bargaining Power of Suppliers

Most of the pallets on the market are made of plastic and wood. These raw materials largely determine the quality of pallet products, so pallets rely heavily on raw materials. At present, the global price of plastic and wood continues to fluctuate. For pallet companies, suppliers have strong bargaining power.

Threat

of New Entrants
Industry intelligence accelerates development. The core of the Pallet Pooling (Rental) industry includes regionally distributed physical networks, computer information networks, huge pallets and other asset pools and professional operation teams. The pallet sharing system can realize the integration of logistics, capital flow and information flow in the entire supply chain and across the industry chain, and combines high-tech applications such as RFID electronic tags, GPS, and GIS. Therefore, there is a certain technical threshold for entering the industry, and it is difficult for potential competitors to pose a threat in a short period of time.

Threat

of Substitute Products
Pallet Pooling (Rental) enables downstream customers to focus on core business and daily operators, avoiding the high costs associated with pallet maintenance, management and storage. Among them, the pallet sharing system can realize the integration of logistics, capital flow and information flow in the entire supply chain and across the industry chain; it combines high-tech applications such as RFID electronic tags, GPS, and GIS. From this perspective, it is difficult for the pallet pool with numerous advantages to be replaced by other forms of logistics equipment and services in a short time.

Region Overview:

In 2021, the share of the Pallet Pooling (Rental) market in North America stood at 40.12%.

Company Overview:

Brambles Limited, Euro Pool Group, Faber Halbertsma, Korea Pallet Pool and JPR are the five key players in the global Pallet Pooling (Rental) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Pallet Pooling (Rental) market in the past 5 years.

Brambles Limited

Brambles Limited is an Australian company specializing in the collection of unit loading equipment, pallets, crates and containers.

Euro Pool Group

Euro Pool System International B.V. provides logistical services for returnable and reusable packaging. The Company rents trays and pallets for fresh products to producers, traders, food processors, and retailers.

Segmentation Overview:

By type, Static Lease segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment FMCG, with a market share of 42.19% in 2021.

Key Companies in the global Pallet Pooling (Rental) market covered in Chapter 3:

Faber Halbertsma
Loscam
Demes Logistics GmbH
PECO Pallet
Brambles Limited
JPR
Schoeller Arca
IGPS Logistics LLC
Tosca
Korea Pallet Pool
Euro Pool Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Pallet Pooling (Rental) market from 2018 to 2029 is primarily split into:

Static Lease
Dynamic Lease

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pallet Pooling (Rental) market from 2018 to 2029 covers:

FMCG
Food and Beverages
Chemical and Petrochemical
Machinery and Metal

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)