Pallets Market to Signify Strong Growth by 2024-2031

Pallets market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. Wooden pallets are standardized versions that are produced in many sizes and configurations to accommodate different handling equipment and cargoes. The increasing adoption of wood pallets in various countries including the US is the prominent factor for the market growth. According to Rose Pallet company, the United States industry harvests 42% of the annual growth in hardwood timber that is biologically available to harvest, and each day there are more than 1.8 billion pallets in service in the United States. Around 93% of these pallets are made from wood, and rental pallets are mostly provided by CHEP and PECO company.

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in December 2021, GEODIS, a global leading supply chain provider, has entered into a five-year unit load device (ULD) supply, management, and repair agreement with Unilode Aviation Solutions. The five-year deal comes as forwarder Geodis operates a leased A330-300 converted freighter serving Amsterdam, Chicago O’Hare, Stansted, and Hong Kong airports. Unilode’s ULD management services proved to be the most convenient and appropriate solution for Geodis’ start-up airline activities as in addition to supplying the necessary stock of ULDs at all our destinations, Unilode also takes care of all ULD-related operational tasks.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Type
• By End-User 

Regions Covered

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- CABKA Group GmbH, Palettes Gestion Services PalletOne, Inc., Falkenhahn AG. 

Pallets Market Report by Segment

By Types

•             Wood

•             Plastic

•             Other Types (Metal)

By End-User 

•             Transportation & Warehousing

•             Food & Beverage

•             Pharmaceutical

•             Retail

•             Others (Construction)

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Pallets Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

• Arrington Lumber & Pallet Co. Inc.
• Bay wood Products Inc 
• Brambles Ltd.
• CABKA Group GmbH
• CHEP (Commonwealth Handling Equipment Pool)
• Coxco Inc 
• Craemer Holding GmbH
• Falkenhahn AG
• LCN, Inc.
• Loscam Australia Pty Ltd 
• ORBIS Corp
• Palettes Gestion Services
• Pallcon Inc 
• PalletOne, Inc.
• PECO Pallet Inc 
• Rehrig Pacific Company, Inc.
• Schoeller Allibert Group B.V.
• The Corrugated Pallets Company
• Universal Forest Products Inc 
• World Steel Pallet Co. Ltd

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