Expert Market Research Explores the Top 5 Companies in the Global Pallet Market

The global pallet market reached a value of about USD 91.75 Billion in 2022. The market is further expected to grow at a CAGR of about 5.80% in the forecast period of 2023-2028.

Pallets refer to horizontal platforms that support goods and assist in carrying them from one place to another using a front loader or a forklift. They are one of the most common bases employed to stack goods and are generally secured with a stretch wrap, pallet collar, adhesive, or other stabilisation means. They can be manufactured using different materials depending on the application, such as wood, plastic, and metal, among others. As they are relatively stronger than other containers, like plastic wrappers and cardboard boxes, workers can stack heavier objects on a single pallet without breaking them. Owing to these attributes, they are extensively used by many manufacturers and shippers of commercial goods across the globe.

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With the rising sales of smartphones, increasing penetration of the internet and growing e-commerce industry, the demand for logistics services is being spurred considerably, which, in turn, is strengthening the growth of the pallet market across the globe. Apart from this, increasing consumer expenditure on housing and infrastructural activities due to the inflating income levels of consumers, in confluence with the rapid urbanisation and industrialisation, is boosting the demand for pallets worldwide.

Top 5 Global Pallet Companies:

Brambles Ltd

Brambles Limited is an Australian company that specialises in the pooling of unit-load equipment, pallets, crates, and containers. It is listed on the Australian Securities Exchange. The Group employs approximately 12,000 people and own approximately 330 million pallets, crates, and containers through a network of more than 750 service centres. Brambles operates in approximately 60 countries with its largest operations in North America and Western Europe.

Schoeller Allibert AB

Schoeller Allibert has been inventing, developing, designing, and manufacturing Returnable Transit Packaging (RTP) for more than 60 years. They have a rich heritage, having been formed from the key players: Schoeller, Wavin, Perstorp, Arca, Linpac, Allibert, Paxton, Stucki amongst others. The company focuses on ten key segments being agriculture, automotive, food and food processing, beverage, retail, Industrial manufacturing, chemicals, pharma and cosmetics, E-tail, and pooling through the customers.

LOSCAM Group

Loscam is a trusted name for providing pooling and returnable packaging solutions for use in supply chains. Operating in 12 regions throughout the Asia Pacific, Loscam focuses on delivering high-quality, innovative, and environmentally sustainable solutions and fit-for-purpose systems and procedures to the local markets. This dedication has led Loscam to hold a leading market position in various sectors, including manufacturing and retail supply chains.

Orbis Corporation

ORBIS Corporation is a subsidiary of Menasha Corporation, the 3rd oldest family-owned business in the United States. As part of Menasha Corporation, ORBIS offers more than 160 years of manufacturing excellence. ORBIS improve the flow product all along the supply chain to reduce costs, enhance profitability, optimise operations, and add sustainability. The conversion from wood and corrugated packaging products to plastic reusable and returnable packaging products has brought many world-class companies significant financial and operational benefits.

CABKA Group

The CABKA Group develops and produces product solutions made from recycled plastics. CABKA_IPS offers one of the world's most comprehensive portfolios of plastic pallets. In addition, their EcoProducts used in gardening and landscaping and the construction and transport industries are innovative products made from 100 percent recycled plastic.