Global Pallets Market Production Value, Gross Margin Analysis, Sales, Demand, and Global Research Report 2025

Demand for pallets is gaining healthy traction owing to increasing urbanization in emerging countries such as China, Brazil and India, implicating the establishment of better and safer goods transportation system in large-scale industries such as food & beverages, pharmaceuticals and agriculture in these nations. According to Persistence Market Research’s new report, the global pallets market, which is currently valued at over US$ 47,337 Mn is expected to register a CAGR of 5.4% between 2017 and 2025 to reach a valuation of US$ 76,067.2 Mn. During this eight years of the forecast, the market will be primarily driven by increasing global standards of goods transportation operations that is necessitating the adoption of pallets to a significant extent.

PMR’s report, titled “Global Pallets Market Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025” projects that growth of the retail and automotive sectors in regions such as Asia Pacific and Latin America is likely to boost the growth of the global pallets market over the next couple of years. The market in Asia Pacific is anticipated to present lucrative growth opportunities for pallet manufacturers. Moreover, growing number of supermarkets and hypermarkets is also leading to widespread adoption of pallets in the region. Pallets facilitate easier and faster movement of large quantities of consumer products from inventories to display cabinets. In terms of value, Europe and North America are expected to retain their leading positions in the global pallets market over the forecast period, as these two regions were early adopters of pallets.

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PMR report further cites that leading players in the market are focused on geographical expansion through acquisitions and mergers in an effort to increase sales. Companies are also concentrating on strengthening their distribution network in order to maintain a competitive edge in the global market.

Tier 3 key players contribute around 90% revenue share in the global pallets market

There are uncountable small players engaged in the manufacturing of pallets. This makes the pallet market highly fragmented. There are a large number of small players involved in the manufacturing of wooden pallets. Wooden pallets hold significant share in the global pallets market and a majority of pallet manufacturers fall in the Tier 3 category. Key players such as Falkenhahn AG, Edwards Timber Company, Inc., and World Steel Pallet Company Ltd. collectively hold about 75%-90% of the global pallets market share.

Rising demand for alternative pallet types anticipated to boost the growth of plastic pallets in the global pallets market

Non-wood pallets are likely to experience a massive increase in demand across the globe. Among these, plastic pallets are expected to be the most attractive option. The major reason behind the increase in popularity of and demand for plastic pallets is due to the ease with which these can be cleaned. In addition, they are made of recycled materials. This is a very attractive benefit for companies working towards becoming more environment friendly. This factor is creating a positive impact on the plastic pallets market.

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Brambles Ltd., Falkenhahn AG, Cabka Group GmbH, Palettes Gestion Services, PalletOne, Inc., Schoeller Allibert Group B.V., Corrugated Pallets Company, ORBIS Corporation, Craemer Holding GmbH, Rehrig Pacific Company, Inc., Edwards Timber Company, Inc., Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., Tasler, Inc., World Steel Pallet Co., Ltd., Arrington Lumber and Pallet Company, L.C.N Inc., Industrial Pallet Corporation, Loscam Australia Pty Ltd, PECO Pallet, Inc. are some of the prominent companies operating in the global market for pallets. Many of these companies are further improving their product portfolio by developing new products that are more efficient and have greater functionality.

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