WOOD PALLETS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Wood Pallets Market, By Material Type (Softwood Pallets, Hardwood Pallets, Composite Wood Pallets, Plastic Pallets, Corrugated Pallets, and Others), By Pallet Type (Block, Stringer, Custom, Perimeter base, and Others), By End-use Industry (Food & Beverage, Pharmaceuticals, Retail, Manufacturing, Warehouse & Logistics, and Others), By Ownership (Pooled, Open market, and Captive), By Sales Channel (Direct, Retail Stores, Online, and Others), By Entry Type (Four Ways and Two Ways), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In May 31, 2023 PalletOne Inc., a provider of wooden pallets and packaging solutions, introduce innovative new management service, Pallet Concierge. This service gives clients a dedicated pallet solutions
In December 2023, National Wooden Pallet & Container Association, organization of professionals in the wood packaging segment, announced the release of Pallet Design System (PDS) v6.8. This new release brings a wave of enhanced customization options for block pallets.
In January 2021, Millwood, a pallet provider company, launched its lightweight wood pallets that are made from alternative timber species, including gum and aspen. It helps reduce pallet weight by up to 10%.

Acquisition and partnerships

In December 2023, Oak Creek Wood Products and UFP, a manufacturer of wood pallets, skids, crates, and boxes, have announced two recent financial announcements involving Mexican pallet operations. These are primarily focused on producing wooden pallets, but they are growing sales in other structural packaging runways.
In November 2023, Conner Industries, Inc., a leading provider of lumber, industrial wood crates & pallets, and engineered packaging solutions, announced that it has entered into a joint venture agreement with a wooden crate and pallet provider, Anderson Pallet and Crate (APAC).
In August 2022, Brambles, a pooling solutions provider, acquired Ferguson Group, a leading U.S. reusable pallet provider, to expand its North American footprint.