The global pallets market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2022-2028). 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.
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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.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 20212-2028
- Segment Covered-
o By Type
o By End-User
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- CABKA Group GmbH, Palettes Gestion Services PalletOne, Inc., Falkenhahn AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 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– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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.
