United States Pallet Market to Grow at a CAGR of 4.5% During 2024-2032, Driven by the Expanding E-commerce Sales

The increasing e-commerce sales and the expansion of warehousing facilities are positively favouring the United States pallet market demand. According to various reports, e-commerce sales in the United States are anticipated to increase to 26% of retail sales by 2025. Hence, an additional 330 million square feet of warehouse space is required for online fulfilment by 2025 to keep pace with the expected increase in e-commerce sales in the country. This further necessitates the use of pallets for storing products in the warehousing facilities.

About 2 million wooden pallets are in circulation across the United States and more than 90% of the goods are shipped using pallets. The United States is witnessing a rapid adoption of warehouse automation technologies, contributing to the growth of the market at a substantial rate.

Furthermore, pallet production is being increasingly automated, resulting in increased production per day. Manufacturers are also benefited from the standardisation of pallets through automation, enabling companies to comply with state and federal regulations set out by the government and organisations.

The growing pharmaceutical sector in the United States is supporting the growth of the market. Pfizer Inc (NYSE: PFE), a renowned multinational pharmaceutical and biotechnology company makes use of wood pallets treated with chemicals that meet ISPM 15 standards. This ensures that the pallets are suitable for storing pharmaceuticals, without the risk of cross-contamination.

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Market Analysis by Type, Structural Design, Application, and Region:

• The market, on the basis of type, can be divided into wood, plastic, metal, and corrugated paper.

• The various structural designs for pallets include block and stringer, among others.

• Based on application, the market can be divided into food and beverages, chemicals and pharmaceuticals, machinery and metal, construction, and agriculture, among others.

• The major regional markets for pallets in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Key Findings of the Report:

• The increasing warehouse spaces in the United States resulting from the expanding e-commerce sales is increasing the demand for pallets.

• The rising demand for plastic pallets across various end-use sectors is supporting the United States pallet market growth.

• Pallets are witnessing a surge in demand from end-use sectors such as food and beverage and pharmaceutical for maintaining organised storage of products.

• The introduction of government initiatives supporting the use of reused and recycled pallets is contributing to the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the United States pallet market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, structural designs, applications, and major regions of pallets.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States pallet market are Millwood, Inc., Anderson Pallet and Crate Inc., TMF Corporation, Orbis Corporation, Kamps Inc., Palletone Inc., and John Rock, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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