Reports

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

North America Pallet Market: By Type: Wood, Plastic, Metal, Corrugated Paper; By Application: Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Others; By Structural Design; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

North America Pallet Market Outlook

The North America pallet market attained a volume of about 2.31 billion units in 2020. The market is further expected to grow at a CAGR of 4.4% during the forecast period of 2021-2026 to reach nearly 3 billion units by 2026.

 

Rise in E-Commerce Sales to Surge the Market Growth of Pallet

The pallet market in North America is being driven by the significant presence of leading e-commerce websites like Amazon. The e-commerce sector especially grew in prominence in 2020 owing to elongated periods of lockdown due to the coronavirus pandemic, and, thus, the demand for pallets in storage and warehouse facilities saw a robust demand. Additionally, investments by private equity owners to sustain the pallet market provided further impetus to the market growth, especially during the pandemic.

 

North America Pallet Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The pallet industry in North America also witnessed a growth within the pharmaceutical sector owing to the robust presence of a number of pharmaceutical players in the region.

 

Plastic Pallet to Present Healthy Growth Opportunities to the Market Growth in North America

The wood pallet dominated the region being inexpensive. However, with the outbreak of the COVID-19 pandemic, the deployment of plastic pallets that can be sanitised and washed regularly aided the market growth in 2020. The pandemic also led to the deployment of plastic pallets in the food and beverage industry owing to stringent government regulations for food safety, hence, invigorating the market growth.

 

Pallet: Industry Definition and Segmentation

A pallet is a platform or support for boards to manage heavy loads.  It is considered as a tertiary form of packaging and are crucial in logistics and warehousing. Made from plastic, wood, metal and corrugated paper, it is generally used for storing, protecting, and transporting material.

On the basis of type, the market is segmented into:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper

Based on application, the market is categorised into:

  • Food and Beverage
  • Chemicals and Pharmaceuticals 
  • Machinery and Metal
  • Construction
  • Other

On the basis of structural design, the market is divided into:

  • Block
  • Stringer 
  • Others

The EMR report looks at regional markets like Canada and the United States of America within the North America market for pallet.

 

Sustainable Pallets to Boost the Pallet Market Growth in North America in the Forecast Period

The rise in demand for pallets is anticipated to be aided by a dynamic shift towards online shopping platforms. Nearly every company is now adopting an online mode of sales, thus, increasing the demand for pallets across various sectors, hence, invigorating the market growth. The market in the North American region is also expected to be aided by the growing demand for sustainably produced wooden pallets. Moreover, government initiatives to promote the use of reusable and recycled pallets through platforms like the North American Pallet Recycling Network are anticipated to provide growth opportunities to the market in the forecast period in the wake of rising environmental concerns. The market is projected to witness further growth by the growing demand for domestically produced pallets.  Furthermore, increased investments in research and development (R&D) activities to integrate features like RFID to track and manage multiple-trips pallets are anticipated to bolster the market growth in the region.

 

Key Industry Players in the North America Pallet Market

The report presents a detailed analysis of the following key players in the North America pallet market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • PalletOne Inc.
  • Herwood Inc.
  • John Rock Inc.
  • Pallet USA
  • TMF Corporations
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Structural Design, Region
Breakup by Type Wood, Plastic, Metal, Corrugated Paper
Breakup by Application Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Construction, Others
Breakup by Structural Design Block, Stringer, Others
Breakup by Region United States, Canada
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered PalletOne Inc., Herwood Inc., John Rock Inc., Pallet USA, TMF Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    North America
7    Industry Opportunities and Challenges
8    North America Pallet Market Analysis

    8.1    Key Industry Highlights
    8.2    North America Pallet Historical Market (2016-2020) 
    8.3    North America Pallet Market Forecast (2021-2026)
    8.4    North America Pallet Market by Type
        8.4.1    Wood
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Plastic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Metal
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Corrugated Paper
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    North America Pallet Market by Application
        8.5.1    Food and Beverages 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Chemicals and Pharmaceuticals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Machinery and Metal
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Construction
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    North America Pallet Market by Structural Design
        8.6.1    Block
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Stringer
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    North America Pallet Market by Region
        8.7.1    Market Share
            8.7.1.1    United States
            8.7.1.2    Canada
9    Regional Analysis
    9.1    United States
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    Canada
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    PalletOne Inc.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications 
        14.2.2    Herwood Inc.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications 
        14.2.3    John Rock Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications 
        14.2.4    Pallet USA
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications 
        14.2.5    TMF Corporation
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    North America Pallet Market: Key Industry Highlights, 2016 and 2026
2.    North America Pallet Historical Market: Breakup by Type (Billion Units), 2016-2020
3.    North America Pallet Market Forecast: Breakup by Type (Billion Units), 2021-2026
4.    North America Pallet Historical Market: Breakup by Structure Design (Billion Units), 2016-2020
5.    North America Pallet Market Forecast: Breakup by Structure Design (Billion Units), 2021-2026
6.    North America Pallet Historical Market: Breakup by Application (Billion Units), 2016-2020
7.    North America Pallet Market Forecast: Breakup by Application (Billion Units), 2021-2026
8.    North America Pallet Historical Market: Breakup by Country (Billion Units), 2016-2020
9.    North America Pallet Market Forecast: Breakup by Country (Billion Units), 2021-2026
10.    North America Pallet Market Structure

Key Questions Answered in the Report

The North America pallet market attained a volume of nearly 2.31 billion units in 2020.

The market is projected to grow at a CAGR of 4.4% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about 3 billion units by 2026.

The industry is being driven by the increased demand for pallets in storage and warehouses owing to a surge in e-commerce sales.

Research and Development (R&D) activities to integrate technological features like RFID in multi-use pallets is anticipated to drive the market growth in North America.

The major regional markets of pallet in North America are Canada and the United States of America.

The leading types of pallet in the industry are wood, plastic, metal, and corrugated paper pallets, with the wood segment accounting for the largest market share.

The significant application segments of pallets in the market are food and beverage, chemicals and pharmaceuticals, machinery and metal, and construction, among others.

The major structural designs of pallet in the industry are block and stringer among others.

The major players in the industry are PalletOne Inc., Herwood Inc., John Rock Inc., Pallet USA, and TMF Corporations, among others.

Analyst Review

The North America pallet market attained a volume of about 2.31 billion units in 2020, driven by the rise in demand from established e-commerce websites like Amazon. Aided by production of domestically produced and sustainable pallets, the market is expected to grow at a CAGR of 4.4% in the forecast period of 2021-2026 to reach about 3 billion units by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of type, the market segmentations are wood, plastic, metal, and corrugated paper. Based on applications, the market is categorised food and beverage, chemicals and pharmaceuticals, machinery and metal, and construction, among others. On the basis of structural design, the market is divided into block and stringer, among others. The EMR report looks at regional markets like Canada and the United States of America for the North America market of pallet. The key players in the industry are PalletOne Inc., Herwood Inc., John Rock Inc., Pallet USA, and TMF Corporations, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER