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Global Pallet Market: By Type: Wood, Plastic, Metal, Corrugated Paper, Others; By Application: Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Others; By Structural Design; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Pallet Market Outlook

The global pallet market reached a volume of about 7 billion units in 2019. The market is further expected to grow at a CAGR of about 5% in the forecast period of 2020-2025. The pallet market is anticipated to reach a volume of nearly 9.4 billion units by 2025.

In the forecast years, pallet consumption is projected to be high in the Asia Pacific. The region has the highest degree of acceptance by large imported and exported products of plastic and wooden pallets. Countries like Japan, China, and India are potentially the most developed markets in the forecast years.

The huge increase in demand in many regions, including Europe and North America is expected in the form of a non-wood pallet or alternative pallet network. Those include plastic pallets, which are easily washed, as they remain the most attractive choice. These are also more likely not only to be made from recycled materials but are also recyclable. For businesses that aim to be profitable on a long-term basis, this is a very desirable advantage.

 

Properties and Applications

Pallets are horizontal platforms that support goods and help to transport them with the front loader or forklift from one place to another. It is one of the most common bases for stacking items and is usually protected by stretching tape, pallet collar, adhesive, or other stabilisation. It can be built with different materials, like wood, plastic, metal, and other materials, depending on the application. Since the containers like plastic and cardboard boxes are comparatively heavier than others, the staff can stack heavy items on a single pallet without breakage. Due to these qualities, many manufacturers, as well as shippers of commercial goods in the world, make extensive use of these.

Based on type, the pallet market can be divided into the following:

  • Wood
  • Plastic
  • Metal
  • Corrugated Paper
  • Others

It finds wide applications in the following sectors:

  • Food and Beverages 
  • Chemicals and Pharmaceuticals
  • Machinery and Metal
  • Construction
  • Others

Based on structural design, the pallet market can be categorised into:

  • Block
  • Stringer
  • Others

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The rising sales of mobile phones, increased internet penetration, and the growing e-commerce industry are driving the demand for logistics services, which, in effect, boosts the pallet market growth worldwide. In addition, the growing consumer spending on housing and services, combined with rapid urbanisation and industrialisation, is aiding the growth of the pallet market globally. Moreover, manufacturers are investing in R&D activities to incorporate technical advances into pallet development. For example, multiple trip pallets have been implemented, which help to minimise costs, to eliminate solid waste, and to increase operational performance. The reusability and recyclability of plastic pallets have also become immensely common in different sectors.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global pallet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Brambles Ltd
  • Schoeller Allibert
  • Loscam
  • ORBIS Corporation
  • CABKA Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the pallet market based on the Porter's five forces model along with giving a SWOT analysis.

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    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pallet Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pallet Historical Market (2015-2019) 
    8.3    Global Pallet Market Forecast (2020-2025)
    8.4    Global Pallet Market by Type
        8.4.1    Wood
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Plastic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Metal
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Corrugated Paper
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Others
8.5    Global Pallet Market by Application
    8.5.1    Food and Beverages 
        8.5.1.1    Market Share
        8.5.1.2    Historical Trend (2015-2019)
        8.5.1.3    Forecast Trend (2020-2025)
    8.5.2    Chemicals and Pharmaceuticals
        8.5.2.1    Market Share
        8.5.2.2    Historical Trend (2015-2019)
        8.5.2.3    Forecast Trend (2020-2025)
    8.5.3    Machinery and Metal
        8.5.3.1    Market Share
        8.5.3.2    Historical Trend (2015-2019)
        8.5.3.3    Forecast Trend (2020-2025)
    8.5.4    Construction
        8.5.4.1    Market Share
        8.5.4.2    Historical Trend (2015-2019)
        8.5.4.3    Forecast Trend (2020-2025)
    8.5.5    Others
8.6    Global Pallet Market by Structural Design
    8.6.1    Block
        8.6.1.1    Market Share
        8.6.1.2    Historical Trend (2015-2019)
        8.6.1.3    Forecast Trend (2020-2025)
    8.6.2    Stringer
        8.6.2.1    Market Share
        8.6.2.2    Historical Trend (2015-2019)
        8.6.2.3    Forecast Trend (2020-2025)
    8.6.3    Others
8.7    Global Pallet Market by Region
    8.7.1    Market Share
        8.7.1.1    North America
        8.7.1.2    Europe
        8.7.1.3    Asia Pacific
        8.7.1.4    Latin America
        8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
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    Buyers 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 (HS Code - 071220)

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Company Profiles
        14.3.1    Brambles Ltd
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Schoeller Allibert
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    Loscam
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    ORBIS Corporation
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Certifications
        14.3.5    CABKA Group
            14.3.5.1    Company Overview
            14.3.5.2    Product Portfolio
            14.3.5.3    Demographic Reach and Achievements
            14.3.5.4    Certifications
        14.3.6    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Pallet Market: Key Industry Highlights, 2015 and 2025
2.    Global Pallet Historical Market: Breakup by Type (Billion Units), 2015-2019
3.    Global Pallet Market Forecast: Breakup by Type (Billion Units), 2020-2025
4.    Global Pallet Historical Market: Breakup by Application (Billion Units), 2015-2019
5.    Global Pallet Market Forecast: Breakup by Application (Billion Units), 2020-2025
6.    Global Pallet Historical Market: Breakup by Structural Design (Billion Units), 2015-2019
7.    Global Pallet Market Forecast: Breakup by Structural Design (Billion Units), 2020-2025
8.    Global Pallet Historical Market: Breakup by Region (Billion Units), 2015-2019
9.    Global Pallet Market Forecast: Breakup by Region (Billion Units), 2020-2025
10.    North America Pallet Historical Market: Breakup by Country (Billion Units), 2015-2019
11.    North America Pallet Market Forecast: Breakup by Country (Billion Units), 2020-2025
12.    Europe Pallet Historical Market: Breakup by Country (Billion Units), 2015-2019
13.    Europe Pallet Market Forecast: Breakup by Country (Billion Units), 2020-2025
14.    Asia Pacific Pallet Historical Market: Breakup by Country (Billion Units), 2015-2019
15.    Asia Pacific Pallet Market Forecast: Breakup by Country (Billion Units), 2020-2025
16.    Latin America Pallet Historical Market: Breakup by Country (Billion Units), 2015-2019
17.    Latin America Pallet Market Forecast: Breakup by Country (Billion Units), 2020-2025
18.    Middle East and Africa Pallet Historical Market: Breakup by Country (Billion Units), 2015-2019
19.    Middle East and Africa Pallet Market Forecast: Breakup by Country (Billion Units), 2020-2025
20.    North America Historical Price Trends and Forecast 2015-2025
21.    Europe Historical Price Trends and Forecast 2015-2025
22.    Asia Pacific Historical Price Trends and Forecast 2015-2025
23.    Latin America Historical Price Trends and Forecast 2015-2025
24.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
25.    Global Pallets Market Structure

Key Questions Answered in the Report

The global pallet market reached a volume of about 7 billion units in 2019. 

The market is projected to grow at a CAGR of nearly 5% in the forecast period of 2020-2025.

The market is estimated to reach a volume of nearly 9.4 billion units by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, increasing sales of mobile phones, increased internet penetration, the growing e-commerce industry, and the rising consumer spending on housing and services.

The manufacturers are investing in R&D activities to incorporate technical advancements into pallet development, which is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

Wood is the dominant type of the product in the market. 

Block is the leading structural design of the product in the industry. 

The food and beverage segment accounts for the largest market share, among other application segments in the industry.

The leading players in the market are Brambles Ltd, Schoeller Allibert, Loscam, ORBIS Corporation, and CABKA Group, among others.

Analyst Review

The global pallet market attained a volume of about 7 billion units in 2019, driven by the growth in the food and beverage industry. Aided by the increased internet penetration, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5%. The pallet market is projected to reach a volume of nearly 9.4 billion units by 2025.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its type, the global pallet market can be segmented into wood, plastic, metal, and corrugated paper, among others, with wood accounting for the largest market share. By structural design, block leads the industry. On the basis of application, food and beverage sector accounts for the largest share in the global industry. The major regional markets for pallet are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Brambles Ltd, Schoeller Allibert, Loscam, ORBIS Corporation, and CABKA Group, 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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