Molded Wood Pallets Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Nefab AB, Millwood Inc., Litco International Inc, Raja pack, MAPAC Technology, First Alliance Logistics Management, PalletMach, Atlanta Global, Binderholz

As per the report, the molded wood pallets market size has grown strongly in recent years. It will grow from $2.09 billion in 2023 to $2.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The molded wood pallets market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.

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Rising E-commerce Fuels Molded Wood Pallet Market Growth
The growth of e-commerce is expected to propel the growth of the molded wood pallets market going forward. E-commerce refers to the buying and selling of goods and services over the Internet, encompassing a wide range of online transactions between businesses and consumers. There is a rapid expansion of e-commerce due to several factors, such as increased internet penetration, growing consumer preference for online shopping, and advancements in digital payment systems. Molded wood pallets are increasingly used in e-commerce for their durability, lightweight, and eco-friendliness, enhancing shipping efficiency and sustainability. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024, after adjusting for seasonal variation, reached $289.2 billion, marking a 2.1 percent (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the growth of e-commerce is driving the growth of the molded wood pallets market.

Technological Innovations And Eco-Friendly Solutions In The Molded Wood Pallet Market
Major companies operating in the molded wood pallets market are focusing on developing advanced products, such as eco-friendly pallets, to gain a competitive edge in the market. Eco-friendly pallets are a type of pallet designed to be environmentally sustainable. These pallets aim to reduce environmental impact by minimizing waste, conserving resources, and often being reusable or easily recyclable at the end of their lifecycle. For instance, in July 2023, Kite Packaging, a UK-based online supplier of packaging materials, launched its pallet range to include new eco-friendly options. The lineup now features nestable and rackable plastic pallets, along with timber and presswood pallets. Presswood pallets, made from sawdust and recycled wood chips without any plastic content, are nestable and conserve space when stored, in transit, and not in use.

The molded wood pallets market covered in this report is segmented -

1) By Product Type: Nestable Or Stackable, Rackable Pallets
2) By Size: Full-Size Pallet, Quarter-Size Pallet, Half-Size Pallet
3) By End-Use: Manufacturing, Logistics And Transportation, Building And Construction, Other End Uses

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Major companies operating in the molded wood pallets market are Nefab AB, Millwood Inc., Litco International Inc, Raja pack, MAPAC Technology, First Alliance Logistics Management, PalletMach, Atlanta Global, Binderholz, Biopack And Logistics, Engelvin Bois Moule SA, One Way Solutions, Pentagon Line Sdn Bhd, Reusable Transport Packaging, Challenger Pallet & Supply Inc., Flow Packaging, Kamps Pallets, Presswood International BV, RISHPACK, Scenix Pallet

Contents of the report:
1. Executive Summary
2. Molded Wood Pallets Market Report Structure
3. Molded Wood Pallets Market Trends And Strategies
4. Molded Wood Pallets Market - Macro Economic Scenario
5. Molded Wood Pallets Market Size And Growth
…..
27. Molded Wood Pallets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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