Reports
United States Pallet Market: By Type: Wood, Plastic, Metal, Corrugated Paper; By Structural Design: Block, Stringer, Others; By Application: Food and Beverage, Chemicals and Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
United States Pallet Market Outlook
The United States pallet market attained a volume of about 1,480.3 million units in 2021. The market is further expected to grow at a CAGR of 1.7% during the forecast period of 2023-2028 to reach nearly 1,639.5 million units by 2027.
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Growing Pallet Demand from Online Delivery Modes to Augment the Market Growth in the United States
The demand for pallets in the United States can be attributed to the rising demand from the food and beverage industry. During the pandemic, pallets were also utilised to complete orders of groceries, cleaning and medical products. The delivery of essential items through online channels from established hypermarkets like Walmart sustained the market growth for pallet in the country. The growing requirement for maintaining organised systems of logistics for a smooth operation of the supply chain also heightened the demand for pallets in the United States as companies shifted from offline to online modes of sales during the pandemic.
Plastic Pallet to Present Healthy Growth Opportunities for the Market in the United States
Wood pallets acquired a significant proportion of the United States pallet market owing to low cost, high durability, and universal application. However, plastic pallets are witnessing healthy growth opportunities in the food and beverage and pharmaceutical industries because of their heat, chemical, and contamination resistant characteristics. The spike in the transportation of PPE kits and masks in the United States in the wake of the pandemic has led to the adoption of technologies like automated storage and retrieval systems (ASRS) with pallet packaging to diminish human intervention in the pharmaceutical supply chain, lowering the risk of contamination and adulteration.
Pallet: Market Segmentation
A pallet refers to a tertiary form of packaging and a platform or support to manage heavy loads. It is heavily adopted in logistics and warehousing. It is generally made from plastic, wood, metal, or corrugated paper and is utilised for storing, protecting, and transporting goods.
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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
- Construction
- Agriculture
- Other
On the basis of structural design, the market is divided into:
- Block
- Stringer
- Others
The EMR report looks into the regional markets of pallet in the United States like New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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Innovation in Manufacturing Practices to Aid the Market Growth of Pallet in the United States
The pallet market in the United States is projected to witness a healthy growth in the forecast period due to a heightened demand from the warehousing sector, with e-commerce becoming a major segment of sales across multiple industries. With robust research and development (R&D) activities in the manufacturing of pallets, the pallet market in the United States is anticipated to rise with the integration of technology in the products and the production of pallets. Additionally, the United States market is expected to exhibit a significant growth with the introduction of government initiatives to promote the use of recycled and reusable plastic pallets and domestically produced pallets.
With the government easing the pandemic-induced lockdown restrictions in major regions of the United States, construction activities are expected to resume, which in turn, is projected to expand the market for steel and plastic pallets, thus, projected to add to the market growth. Since the United States is the hub for major pharmaceutical companies, the demand for pallets from the pharmaceutical companies for storage and transportation of essential drugs is expected to bolster market growth in the coming years.
Key Industry Players in the United States Pallet Market
The report presents a detailed analysis of the following key players in the United States pallet market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Millwood, Inc.
- Anderson Pallet and Crate Inc.
- TMF Corporation
- Orbis Corporation
- Kamps Inc.
- Palletone Inc.
- John Rock, 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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Structural Design, Application, Region |
| Breakup by Type | Wood, Plastic, Metal, Corrugated Paper |
| Breakup by Structural Design | Block, Stringer, Others |
| Breakup by Application | Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Construction, Agriculture, Others |
| Breakup by Region | New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 | Millwood, Inc., Anderson Pallet and Crate Inc., TMF Corporation, Orbis Corporation, Kamps Inc., Palletone Inc., John Rock, 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 United States
7 Opportunities and Challenges in the Market
8 United States Pallet Market Analysis
8.1 Key Industry Highlights by Value
8.2 Key Industry Highlights by Volume
8.3 United States Pallet Historical Market (2018-2022)
8.4 United States Pallet Market Forecast (2023-2028)
8.5 United States Pallet Market by Type
8.5.1 Wood
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Plastic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Metal
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Corrugated Paper
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 United States Pallet Market by Structural Design
8.6.1 Block
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Stringer
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 United States Pallet Market by Application
8.7.1 Food and Beverages
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Chemicals and Pharmaceuticals
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Machinery and Metal
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Construction
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Agriculture
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Others
8.8 United States Pallet Market by Region
8.8.1 New England
8.8.2 Mideast
8.8.3 Great Lakes
8.8.4 Plains
8.8.5 Southeast
8.8.6 Southwest
8.8.7 Rocky Mountain
8.8.8 Far West
9 Regional Analysis
9.1 New England
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Mideast
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Great Lakes
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Plains
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Southeast
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Southwest
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
9.7 Rocky Mountain
9.7.1 Historical Trend (2018-2022)
9.7.2 Forecast Trend (2023-2028)
9.8 Far West
9.8.1 Historical Trend (2018-2022)
9.8.2 Forecast Trend (2023-2028)
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 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Millwood, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Anderson Pallet and Crate Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 TMF Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Orbis Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Kamps Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Palletone Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 John Rock, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Pallet Market: Key Industry Highlights, 2017 and 2027
2. United States Pallet Historical Market: Breakup by Type (Million Unit), 2018-2022
3. United States Pallet Market Forecast: Breakup by Type (Million Unit), 2023-2028
4. United States Pallet Historical Market: Breakup by Structure Design (Million Unit), 2018-2022
5. United States Pallet Market Forecast: Breakup by Structure Design (Million Unit), 2023-2028
6. United States Pallet Historical Market: Breakup by Application (Million Unit), 2018-2022
7. United States Pallet Market Forecast: Breakup by Application (Million Unit), 2023-2028
8. United States Pallet Historical Market: Breakup by Region (Million Unit), 2018-2022
9. United States Pallet Market Forecast: Breakup by Region (Million Unit), 2023-2028
10. United States Pallet Market Structure
Key Questions Answered in the Report
The United States pallet market attained a volume of nearly 1,480.3 million units in 2021.
The market is projected to grow at a CAGR of 1.7% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a volume of about 1,639.5 million units by 2027.
The growing demand from the warehousing sector owing to heightened e-commerce activities augmented the market growth in the United States.
The industry is being driven by the rising demand for plastic pallets owing to the their excellent cleaning properties and resistance to fungi and bacteria.
The major regional markets of pallet in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The leading types of pallet in the industry are wood, plastic, metal, and corrugated paper.
The major application segments of pallets in the United States market are food and beverage, chemicals and pharmaceuticals, machinery and metal, construction, and agriculture, among others.
The significant structural design segments in the industry are block and stringer, among others.
The major players in the industry are Millwood, Inc., Anderson Pallet and Crate Inc., TMF Corporation, Orbis Corporation, Kamps Inc., Palletone Inc., John Rock, Inc., among others.
Analyst Review
The United States pallet market attained a volume of about 1,480.3 million units in 2021, driven by the rise in the demand from established e-commerce websites like Amazon. Aided by the production of domestically produced and sustainable pallets, the market is expected to grow at a CAGR of 1.7% in the forecast period of 2023-2028 to reach about 1,639.5 million units by 2027.
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 is segmented into wood, plastic, metal, and corrugated paper. By application, the market is divided into food and beverage, chemicals and pharmaceuticals, machinery and metal, construction, and agriculture, among others. On the basis of structural design, the industry is bifurcated into block and stringer, among others. The EMR report looks into the New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West regions for the United States market of pallet. The key players in the industry are Millwood, Inc., Anderson Pallet and Crate Inc., TMF Corporation, Orbis Corporation, Kamps Inc., Palletone Inc., John Rock, 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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