Global Pallets Market Worth $110,565.7 Million in 2027 | by Type, Material & End-user Industry

Pallets are an integral part of supply chains thus, the technological upgradation of logistics and warehousing facilities has promoted the development of pallets as well. Pallet theft and misplacement remains as an important issue to date, which can be reduced by the adoption of GPS sensors and RFID tags. In addition, plastic pallets allow better collaboration with the automated conveying and lifting processes, thereby, its demand is growing significantly.

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According to a new report published by Allied Market Research, titled, “Pallets Market by Type, Material, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020–2027,” the global pallets market size is expected to reach $110.5 billion in 2027 from $79.0 billion in 2019, growing at a CAGR of 5.1% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 44.0% share of the global pallets market.

Pallets Market by Type (Rackable, Nestable, Stackable, and Display), Material (Wood, Plastic via Injection Molding, Plastic via Other Methods, Corrugated Paper, and Metal), and End-user Industry (Food & Beverage, Chemical, Retail, Pharmaceutical, and Others)

The unprecedented growth in e-commerce industry is expected to drive the demand for pallets on a significant scale. The COVID-19 pandemic has enhanced the inclination of population towards e-commerce platforms, especially in countries such as India and others, where e-commerce had lesser prevalence. The rise in e-commerce has challenged supply chains to develop transportation and logistics to control flow and cost of outgoing and incoming goods. Online orders are generally in smaller quantities and more frequent, thus, requiring more assets for goods management. This creates a demand for pallets for e-commerce-based logistics, which in turn drives the pallets market growth.

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Top Leading Players

The major players operating in the pallets industry include Brambles Limited, CABKA Group GmbH, Craemer Holding GmbH, Falkenhahn AG, LOSCAM International Holdings Co., Ltd., Millwood, Inc., Menasha Corporation, PalletOne Inc., Rehrig Pacific Holdings, Inc., and Schoeller Allibert Services B.V.

Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging global pallets market trends and dynamics.

In-depth pallets market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive pallets market opportunity analysis of all the countries is also provided in the report.

The global pallets market forecast analysis from 2020 to 2027 is included in the report.

Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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