The Global Pallet Market was valued at US$ 57.0 Billion in 2022 and is expected to expand at a CAGR of 5.9% in terms of revenue and market value is expected to reach US$ 89.9 Billion during 2023-2030.
Pallets are load-bearing materials, which are used in the transportation and storage of various products and materials. These pallets are handled by pallets jacks, forklifts, and other jacking devices.
Market Dynamics
Europe holds the dominant position in the global pallet market in 2022, with a market share of 30%, and is expected to retain its dominance over the forecast period. The developed industrial sector coupled with an increase in exports is the major factor driving the growth of the pallet market in the region. Moreover, increasing demand for plastic pallets in the food and pharmaceutical industry is further expected to fuel the market growth, owing to the food and safety compliance by the Food and Drug Administration (FDA) in the region.
Key features of the study:
- This report provides in-depth analysis of pallet and provides market size (US$ Billion ) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global Pallet market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Brambles Limited, LOSCAM, Rehrig Pacific Company, CABKA Group, PECO Pallet Inc, The Corrugated Pallet Company, Falkenhahn AG, Millwood Incorporation, Litco International Inc, and Schoeller Allibert
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, product up-gradation, market expansion, and marketing tactics
- The global Pallet market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the pallet market
Detailed Segmentation:
- Global Pallet Market, By Product Type Type:
- Nestable
- Rackable
- Stackable
- Global Pallet Market, By Material:
- Wood
- Plastic
- Metal
- Corrugated Paper
- Others
- Global Pallet Market, By End-use Industries:
- Food and Beverage
- Pharmaceuticals and Chemicals
- Metal and Machinery
- Construction
- Others
- Global Pallet Market, By Region:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Brambles Limited.*
- LOSCAM
- Rehrig Pacific Company
- CABKA Group
- PECO Pallet Inc
- The Corrugated Pallet Company
- Falkenhahn AG
- Millwood Incorporation
- Litco International Inc
- Schoeller Allibert
“*” marked represents similar segmentation in other categories in the respective section.
