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

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

Wood Pallet is a pallet made from natural wood. It is the most widely used tray now. The pallet is a horizontal platform device used for consolidating, stacking, handling and transporting goods and products as a unit load. Wood Pallet usually consists of three or four longitudinal beams, which support several decks on which cargo is placed. A square or nearly square pallet helps the load to prevent tipping.
The Wood Pallet here includes the newly manufactured Wood Pallet and the recovered/repaired/remanufactured Wood Pallet.

Market Overview:

The latest research study on the global Wood Pallet market finds that the global Wood Pallet market reached a value of USD 86181.48 million in 2022. It’s expected that the market will achieve USD 133163.4 million by 2028, exhibiting a CAGR of 7.52% during the forecast period.

COVID-19 affects the Wood Pallet market.

The outbreak of COVID-19 has paralyzed global traffic and reduced trade volume. The business of the logistics industry has declined, so the demand for Wood Pallet has fallen. COVID-19 has also caused the shutdown or even closure of factories, which is also true in the Wood Pallet industry. This led to a decline in Wood Pallet's production. In addition, COVID-19 has led to insufficient supply of raw materials, and tight supply and demand has further led to an increase in the price of Wood Pallet.

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 Wood 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 Wood Pallet industry has also been affected by COVID-19. The supply of raw materials was blocked, and Wood Pallet was unable to produce normally. At the same time, Wood Pallet's product sales and downstream logistics, warehousing and other industries are also affected. Therefore, dealing with the impact of COVID-19 on the Wood Pallet industry chain is also one of the issues that manufacturers need to solve.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (43.98% in 2022).

Segmentation Overview:

As for product types, the Asia Standard Wood Pallet segment held the largest market share in 2022.

Key Companies in the global Wood Pallet market covered in Chapter 3:

Mid Cork Pallets & Packaging
Irish Pallet Systems Ltd
Falkenhahn AG
Hazelhill Timber Products
Wood Systems
SAS Group
Marko KEA
CHEP
Max Pallets
KRONUS

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

Europe Standard Wood Pallet
US Standard Wood Pallet
Asia Standard Wood Pallet
Others

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

Construction
E-commerce
Food and Beverages
Chemicals and Pharmaceuticals
Machinery and Metal

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)