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United States Pallet Market

United States Pallet Market Growth, Analysis, Outlook: By Type: Wood, Plastic, Metal, Corrugated Paper; By Structural Design: Block, Stringer, Others; By Application: Food and Beverages, Chemicals and Pharmaceuticals, Machinery and Metal, Construction, Agriculture, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

United States Pallet Market Outlook

The United States pallet market attained a value of USD 25,494.90 million in 2023. The market is further expected to grow at a CAGR of 4.5% during the forecast period of 2024-2032 to reach a value of USD 37,727.40 million by 2032.

 

United States Pallet Market

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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.

 

United States Pallet Market by Segment

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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.

 

United States Pallet Market by Region

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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.

 

Key Highlights of the Report

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
  • Structural Design
  • Application
  • Region
Breakup by Type
  • Wood
  • Plastic
  • Metal
  • Corrugated Paper
Breakup by Structural Design
  • Block
  • Stringer
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 Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
    8.2    United States Pallet Historical Market (2018-2023) 
    8.3    United States Pallet Market Forecast (2024-2032)
    8.4    United States Pallet Market by Type
        8.4.1    Wood
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Plastic
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Metal
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Corrugated Paper
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    United States Pallet Market by Structural Design
        8.5.1    Block
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Stringer
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    United States Pallet Market by Application
        8.6.1    Food and Beverages 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Chemicals and Pharmaceuticals
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Machinery and Metal
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Construction
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Agriculture
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    United States Pallet Market by Region
        8.7.1    New England
        8.7.2    Mideast
        8.7.3    Great Lakes
        8.7.4    Plains
        8.7.5    Southeast
        8.7.6    Southwest
        8.7.7    Rocky Mountain
        8.7.8    Far West
9    Regional Analysis
    9.1    New England
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Mideast
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Great Lakes 
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Plains
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Southeast
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
    9.6    Southwest
        9.6.1    Historical Trend (2018-2023)
        9.6.2    Forecast Trend (2024-2032)
    9.7    Rocky Mountain
        9.7.1    Historical Trend (2018-2023)
        9.7.2    Forecast Trend (2024-2032)
    9.8    Far West
        9.8.1    Historical Trend (2018-2023)
        9.8.2    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    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, 2018 and 2032
2.    United States Pallet Historical Market: Breakup by Type (Million Unit), 2018-2023
3.    United States Pallet Market Forecast: Breakup by Type (Million Unit), 2024-2032
4.    United States Pallet Historical Market: Breakup by Structure Design (Million Unit), 2018-2023
5.    United States Pallet Market Forecast: Breakup by Structure Design (Million Unit), 2024-2032
6.    United States Pallet Historical Market: Breakup by Application (Million Unit), 2018-2023
7.    United States Pallet Market Forecast: Breakup by Application (Million Unit), 2024-2032
8.    United States Pallet Historical Market: Breakup by Region (Million Unit), 2018-2023
9.    United States Pallet Market Forecast: Breakup by Region (Million Unit), 2024-2032
10.  United States Pallet Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 25,494.90 million.

The market is projected to grow at a CAGR of 4.5% in the forecast period of 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 37,727.40 million by 2032.  

The rising demand for pallets in the food and beverage sector, the growing requirement for maintaining organised systems of logistics, and the surging use of plastic pallets in diverse end-use sectors are the major market drivers.

The robust growth of the warehousing sector, increasing R&D activities in the manufacturing of pallets, and the rising demand for pallets from the pharmaceutical sector are the key trends propelling the market growth.

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 market are wood, plastic, metal, and corrugated paper.

Food and beverages, chemicals and pharmaceuticals, machinery and metal, construction, and agriculture, among others, are the major applications of pallet.

The different segments based on the structural design of pallet are block and stringer, among others.

The key 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.

Analyst Review

The United States pallet market attained a value of USD 25,494.90 million in 2023, 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 4.5% during the forecast period of 2024-2032 to reach a value of USD 37,727.40 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 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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