Press release
Pallets Market is expected to reach $108.5 billion by 2031 | Brambles Limited, CABKA Group GmbH, Craemer Holding GmbH
Pallets Market
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The global pallets market size was $72.8 billion in 2021 and is anticipated to reach $108.5 billion in 2031, growing at a rate of 4.1% from 2022 to 2031.
A pallet is a tertiary form of packaging which is used for storage, stacking, transporting, or protecting products in supply chains. They can be produced by utilizing materials that include wood, plastic, and metal among others. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries.
Global Pallets Market Trends and Drivers:
The global pallets market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for food & beverages, medical, and personal care products. This, in turn, is anticipated to lead to a consequent increase in demand for the pallets market. Moreover, governments globally are focusing on the development of the manufacturing sector in order to increase the global economy.
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Market Segments:
By Material
Plastic
Wood
Others
By Type
Nestable
Rackable
Stackable
Key Players:
Brambles Limited
CABKA Group GmbH
Craemer Holding GmbH
Falkenhahn AG
International Holdings Co., Ltd.
Menasha Corporation
Millwood, Inc.
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