Reports
North America Pallet Market Share, Size, Growth, Report: By Type: Wood, Plastic, Metal, Corrugated Paper; By Application: Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Construction, Agriculture, Others; By Structural Design: Block, Stringer, Others; Regional Analysis; Competitive Landscape; 2024-2032
North America Pallet Market Outlook
The North America pallet market attained a value of USD 26,031.60 million in 2023. The market is further expected to grow at a CAGR of 5.0% during the forecast period of 2024-2032 to reach a value of USD 40,294.48 million by 2032.
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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. 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: Market 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.
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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
- Agriculture
- 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.
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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.
- TMF Corporation
- ORBIS Corporation
- Kamps Inc.
- 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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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, Agriculture, Construction, Others |
| Breakup by Structural Design | Block, Stringer, Others |
| Breakup by Region | United States, Canada |
| Market Dynamics | SWOT, Porter's Five Forces, 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., TMF Corporation, ORBIS Corporation, Kamps Inc., 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Market Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 North America Pallet Market Analysis
8.1 Key Industry Highlights by Value
8.2 North America Pallet Historical Market by Value (2018-2023)
8.3 North America Pallet Market Forecast by Value (2024-2032)
8.4 Key Industry Highlights by Volume
8.5 North America Pallet Historical Market by Volume (2018-2023)
8.6 North America Pallet Market Forecast by Volume (2024-2032)
8.7 North America Pallet Market by Type
8.7.1 Wood
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Plastic
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Metal
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Corrugated Paper
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 North America Pallet Market by Application
8.8.1 Food and Beverages
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Chemicals and Pharmaceuticals
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Machinery and Metal
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Construction
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Agriculture
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Others
8.9 North America Pallet Market by Structural Design
8.9.1 Block
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Stringer
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Others
8.10 North America Pallet Market by Region
8.10.1 United States
8.10.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 441520)
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
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 United States of America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Canada Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 ORBIS Corporation
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 Kamps Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Pallet Market: Key Industry Highlights, 2017 and 2027
2. North America Pallet Historical Market: Breakup by Type (Billion Units), 2018-2023
3. North America Pallet Market Forecast: Breakup by Type (Billion Units), 2024-2032
4. North America Pallet Historical Market: Breakup by Application (Billion Units), 2018-2023
5. North America Pallet Market Forecast: Breakup by Application (Billion Units), 2024-2032
6. North America Pallet Historical Market: Breakup by Structural Design (Billion Units), 2018-2023
7. North America Pallet Market Forecast: Breakup by Structural Design (Billion Units), 2024-2032
8. North America Pallet Historical Market: Breakup by Country (Billion Units), 2018-2023
8. North America Pallet Historical Market: Breakup by Country (Billion Units), 2018-2023
9. North America Pallet Market Forecast: Breakup by Country (Billion Units), 2024-2032
10. Major Importing Countries by Volume (2021)
11. Major Exporting Countries by Volume (2021)
12. Major Importing Countries by Value (2021)
13. Major Exporting Countries by Value (2021)
14. North America Historical Price Trends and Forecast 2018-2028
15. United States of America Historical Price Trends and Forecast 2018-2028
16. Canada Historical Price Trends and Forecast 2018-2028
17. North America Pallet Market Structure
Key Questions Answered in the Report
The North America pallet market attained a value of USD 26,031.60 million in 2023.
The market is projected to grow at a CAGR of 5% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 reach a value of USD 40,294.48 million by 2032.
The surging demand for pallets in storage and warehouses and the robust growth of the e-commerce sector are the major market drivers.
Surging R&D activities to integrate technological features like RFID in multi-use pallets and the growing demand for sustainably produced wooden pallets are the key trends propelling the market demand.
The major regional markets of pallet in North America are Canada and the United States of America.
The several pallet types considered in the market report are wood, plastic, metal, and corrugated paper.
The significant applications of pallet are food and beverages, chemicals and pharmaceuticals, machinery and metal, agriculture, and construction, among others.
The major segments based on the structural design of pallet are block and stringer, among others.
The major players in the North America pallet market are PalletOne Inc., Herwood Inc, John Rock, Inc., TMF Corporation, ORBIS Corporation, and Kamps Inc., among others.
Analyst Review
The North America pallet market attained a value of USD 26,031.60 million in 2023, 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 5% during the forecast period of 2024-2032 to reach a value of USD 40,294.48 million by 2032.
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, agriculture, 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., TMF Corporation, ORBIS Corporation, Kamps Inc., 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.
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