openPR Logo
Press release

Pallets Market Set to Hit US$ 95 Bn by 2029

Significant demand generated from manufacturers and retailers in food & beverages, pharmaceutical, and chemical industries continue to drive sales of pallets in global market. Poised for a whopping market value of US$ 95 Bn towards the end of 2029, the global pallets market is headed for a healthy CAGR during the following decade. Adoption of smart pallets, block pallets, and plastic pallets will progress at a notable rate owing to their several benefits over conventional pallets, as suggested by a new Persistence Market Research (PMR) report. A majority of demand for plastic and block pallets is accounted by the food & beverages industry, which can be attributed to heightening sales of processed food products and increasing need for sustainable cold storage and transportation solutions. The market will also be shaping up with significant increase in the usage of radio-frequency identification (RFID) tags in plastic pallets, robots in processing and handling of pallets, and emergence of alternative pallets in the market.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/3409

Key Takeaways - Global Pallets Market Study

Pallet sales in Asia Pacific are identified to remain dominant throughout the forecast period, and exhibit a higher CAGR in comparison to fellow regions.
Growth of manufacturing, infrastructural, and transportation sectors would remain pivotal to the build-up of global pallets market.
Demand for pallets is concentrated predominantly in the food and beverages industry.
Wood-based pallets are identified to account for majority of the market share owing to factors such as ease of availability of wood and better price-efficiency than other materials.
Plastic pallets are gaining prominence in food & beverages, automotive, and pharmaceutical industries owing to their high strength, durability, lightweight, and long-term environmental sustainability.

Download TOC, list of figures & tables@https://www.persistencemarketresearch.com/market-research/pallets-market/toc

Local Manufacturers Leading their Way in Pallets Market

The market for pallets is identified to be a fairly fragmented on a global level, with leading market players accounting for nearly 8-10% of overall market size as of 2018. However, significant fragmentation is witnessed in regions such as Asia Pacific, where local manufacturers hold prominent market positions. Some of the key market players in the market included in the report are Brambles, PalletOne Inc., and Craemer Holding. Furthermore, several market players are coming up with technological innovations in pallet production to gain a higher consumer base. Companies are focused on new launches and strategic long-term partnerships to sustain their revenue flow in the pallets market.

For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/3409

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pallets Market Set to Hit US$ 95 Bn by 2029 here

News-ID: 2625195 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Pallet

Pallet Market is Booming Worldwide with Brambles Limited, CABKA Group, PECO Pall …
The pallet industry has experienced dynamic shifts driven by evolving logistics and supply chain demands. Increasing emphasis on sustainability, automation in warehousing, and a surge in e-commerce are substantially influencing the Pallet Market landscape. This growth trajectory is underscored by rigorous market insights reflecting real-time business growth and industry share changes across regions. Market Size and Overview The Global Pallet Market size is estimated to be valued at USD 67.69 billion in
Pallet Trucks Market Report 2024 - Pallet Trucks Market Size, Demand And Trends
"The Business Research Company recently released a comprehensive report on the Global Pallet Trucks Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The pallet trucks market size
Pallet Pool System Market 2023 Detailed Analysis of Current Scenario with Growth …
𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲, 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 - "Infinity Business Insights has recently unveiled the Pallet Pool System Market research report, comprising over 100 market data tables, pie charts, and graphical figures." The Pallet Pool System market is a critical component of the logistics and supply chain industry, offering a structured approach to the management and circulation of pallets used for material handling. These systems involve the collective use, tracking, and maintenance of
Wooden Pallet Pooling Market Demand Makes Room for New Growth Story: PECO Pallet …
Latest Study on Industrial Growth of Global Wooden Pallet Pooling Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Wooden Pallet Pooling market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the
Total Pallet Management Market 2023-2030 Size, Growing Demand and Trends | Palle …
United States - The Total Pallet Management market report provides an analysis of the top opportunities in the market and summarizes the key features that are currently driving and will continue to drive the progress of the industry. Additionally, the report focuses on past growth patterns, growth drivers, present and upcoming trends, and estimates the overall development of the global Total Pallet Management market from 2023 to 2030. The report
Pallet Wraps Market
The global pallet wraps market stands at a net worth of US$ 5.9 Bn in 2022, and is projected to rise at a CAGR of 3.8% to end up with an estimated valuation of US$ 7.8 Bn by 2029. Future Market Insights, in its latest research study, delineates growth of pallet wraps market from 2022 to 2029 and outlines overarching trends upholding growth. According to the report findings, pallet wraps sales reached approximately 3,123.1 '000 Tons in 2021, and are likely