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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206569
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206569
Pallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 114 Pages
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The global pallet market size reached US$ 60.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
A pallet is a horizontal and portable wooden structure used for storing, handling, stacking, and transporting goods from one place to another. It generally uses stretch wraps, pallet collars, adhesives, and other stabilizing materials to secure goods from transportation damage. It is manufactured using various materials, including wood, plastic, metal, and corrugated paper, depending on the application. It helps simplify the loading and unloading process and ensures safe product delivery. Besides this, it improves warehouse operational efficiency by allowing easy movement of stacked goods using forklifts and pallet jacks. As a result, the pallet is extensively used by manufacturers and suppliers of commercial goods across the globe.
Pallet Market Trends:
- Rapid urbanization, industrialization, and the rising trade volume across the globe represent one of the key factors positively influencing the market. In addition, increasing sales of smartphones, laptops, and tablets and the penetration of the internet, and the thriving e-commerce industry are catalyzing the demand for logistics services. This, along with the growing global population and consequently rising construction of residential and commercial places, is catalyzing the demand for pallets. Apart from this, the burgeoning chemical and pharmaceutical industries are increasing the overall sales of pallets. This can be attributed to the growing need for safer storage, handling, and transportation of products from the warehouse to the industries. Furthermore, manufacturers are introducing multiple-trip pallets as they offer a lower cost per trip, minimize solid waste, and enhance operational efficiency. This is creating a favorable market outlook. Additionally, the increasing use of plastic pallets on account of their recyclable and reusable properties is supporting the market growth. Moreover, continuous investments by leading players in research and development (R&D) to introduce technologically advanced product variants are expected to propel market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global pallet market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, application, and structural design.
Breakup by Type:
- Wood
- Plastic
- Metal
- Corrugated Paper
- Wood pallets currently hold the largest market share as they are sustainable, durable, and cost-effective.
Breakup by Application:
- Food and Beverages
- Chemicals and Pharmaceuticals
- Machinery and Metal
- Construction
- Others
- The food and beverages (F&B) industry accounts for the majority of the market share as pallets protect cans, bottles, boxes, and cartons from damage during processing and distribution activities.
Breakup by Structural Design:
- Block
- Stringer
- Others
- Block pallets are the most commonly used variants as they have a higher weight capacity and are stronger and more durable than stringer pallets.
Regional Insights:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
- North America exhibits a clear dominance in the market due to continuous development in the industrial sector and increasing trade activities across the region.
- Based on imports and exports, Germany presently represents the largest importer, while Poland represents the biggest exporter of pallets around the world.
Competitive Landscape:
The market is fragmented in nature due to the presence of several small and large manufacturers who compete against one another in terms of prices and quality. Some of the leading players operating in the market are:
- Brambles Ltd.
- Rehrig Pacific Company
- Schoeller Allibert
- LOSCAM
- CABKA Group
Key Questions Answered in This Report:
- 1. What was the size of the global pallet market in 2022?
- 2. What is the expected growth rate of the global pallet market during 2023-2028?
- 3. What are the key factors driving the global pallet market?
- 4. What has been the impact of COVID-19 on the global pallet market?
- 5. What is the breakup of the global pallet market based on the type?
- 6. What is the breakup of the global pallet market based on the application?
- 7. What is the breakup of the global pallet market based on the structural design?
- 8. What are the key regions in the global pallet market?
- 9. Who are the key players/companies in the global pallet market?
Product Code: SR1323A41_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Pallet Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Structural Design
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Research and Development
- 5.10.3 Raw Material Procurement
- 5.10.4 Manufacturing
- 5.10.5 Marketing
- 5.10.6 Distribution
- 5.10.7 End-Use
- 5.11 Porters Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
6 Market Breakup by Type
- 6.1 Wood
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Plastic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Metal
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Corrugated Paper
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Food and Beverages
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Chemicals and Pharmaceuticals
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Machinery and Metal
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Construction
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Structural Design
- 8.1 Block
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Stringer
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Imports and Exports
- 10.1 Imports by Major Countries
- 10.2 Exports by Major Countries
11 Pallet Manufacturing Process
- 11.1 Product Overview
- 11.2 Raw Material Requirements
- 11.3 Manufacturing Process
- 11.4 Key Success and Risk Factors
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 Brambles Ltd
- 12.3.2 Rehrig Pacific Company
- 12.3.3 Schoeller Allibert
- 12.3.4 LOSCAM
- 12.3.5 CABKA Group
Product Code: SR1323A41_Report
List of Figures
- Figure 1: Global: Pallet Market: Major Drivers and Challenges
- Figure 2: Global: Pallet Market: Sales Value (in Billion US$), 2017 - 2022
- Figure 3: Global: Pallet Market: Sales Volume (in Billion Units), 2017 - 2022
- Figure 4: Global: Pallet Market: Breakup by Type (in %), 2022
- Figure 5: Global: Pallet Market: Breakup by Application (in %), 2022
- Figure 6: Global: Pallet Market: Breakup by Structural Design (in %), 2022
- Figure 7: Global: Pallet Market: Breakup by Region (in %), 2022
- Figure 8: Global: Pallet Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Pallet Market Forecast: Sales Volume (in Billion Units), 2023-2028
- Figure 10: Global: Pallet Industry: SWOT Analysis
- Figure 11: Global: Pallet Industry: Value Chain Analysis
- Figure 12: Global: Pallet Industry: Porter's Five Forces Analysis
- Figure 13: Global: Wood Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 14: Global: Wood Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 15: Global: Plastic Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 16: Global: Plastic Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 17: Global: Metal Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 18: Global: Metal Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 19: Global: Corrugated Paper Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 20: Global: Corrugated Paper Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 21: Global: Pallet (Application in Food and Beverages) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 22: Global: Pallet (Application in Food and Beverages) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 23: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 24: Global: Pallet (Application in Chemicals and Pharmaceuticals) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 25: Global: Pallet (Application in Machinery and Metal) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 26: Global: Pallet (Application in Machinery and Metal) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 27: Global: Pallet (Application in Construction) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 28: Global: Pallet (Application in Construction) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 29: Global: Pallet (Other Applications) Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 30: Global: Pallet (Other Applications) Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 31: Global: Block Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 32: Global: Block Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 33: Global: Stringer Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 34: Global: Stringer Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 35: Global: Other Pallets Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 36: Global: Other Pallets Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 37: North America: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 38: North America: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 39: Asia Pacific: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 40: Asia Pacific: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 41: Europe: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 42: Europe: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 43: Middle East and Africa: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 44: Middle East and Africa: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 45: Latin America: Pallet Market: Sales Volume (in Million Units), 2017 & 2022
- Figure 46: Latin America: Pallet Market Forecast: Sales Volume (in Million Units), 2023-2028
- Figure 47: Global: Pallet: Import Breakup by Country (in %), 2021
- Figure 48: Global: Pallet: Export Breakup by Country (in %), 2021
- Figure 49: Pallet Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Global: Pallet Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Pallet Market Forecast: Breakup by Type (in Million Units), 2023-2028
- Table 3: Global: Pallet Market Forecast: Breakup by Application (in Million Units), 2023-2028
- Table 4: Global: Pallet Market Forecast: Breakup by Structural Design (in Million Units), 2023-2028
- Table 5: Global: Pallet Market Forecast: Breakup by Region (in Million Units), 2023-2028
- Table 6: Global: Pallet: Import Data by Country, 2021
- Table 7: Global: Pallet: Export Data by Country, 2021
- Table 8: Pallet Manufacturing: Raw Material Requirements
- Table 9: Global: Pallet Market: Competitive Structure
- Table 10: Global: Pallet Market: Key Players
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