Growth in E-commerce Industry Drive the Demand for Pallets, 2020–2027 | by Type, Material & End-user Industry

A pallet is a platform or a support for boards to stack loads upon them. Pallets are generally manufactured using plastic, wood, metal, and corrugated paper. They are considered as a tertiary form of packaging and are a mandatory part of nearly all industrial supply chains and warehousing. Moreover, pallets are generally used as a base for stacking, storing, transporting, and protecting materials, which are later transported using material handling equipment. Further, the standard sizes of pallets differ within different regions and countries.

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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.

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.

Key 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.

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Key Market Segments

BY Type

Rackable
Nestable
Stackable
Display

By Material

Wood
Plastic via injection molding
Plastic via other methods
Corrugated paper
Metal

By End-user Industry

Food & beverage
Chemical
Retail
Pharmaceutical
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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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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