Global Pallet Market by 2025, Market is Expected to Reach 60.89 Billion USD

A Pallet is a flat panel which acts as a base for storing and transporting raw and finished products. Pallet is designed in such a way that it can be easily lifted using forklifts and pallet jacks. This palletized transport and storage enables operational efficiency and material handling. The Global Pallet Market was worth 43.1 Billion USD in 2018 and is estimated to reach 60.89 Billion USD by 2025 at a CAGR of 5.06% during the forecast period. 

Increasing consumer expenditure on housing and infrastructural activities resulting in rapid urbanisation and industrialisation for the growth of global pallet market. In the recent years, plastic pallets have gained immense popularity across various sectors on account of their reusability and recyclability. Moreover, manufacturers are also coming up with various technological innovations in order to increase their consumer-base. Apart from this, a rising need for safe and efficient transportation alternatives is anticipated to boost the demand for pallets in the coming years.

Growth by Region

Asia-Pacific Region is expected to lead the Global Pallet Market. The manufacturing industry in this region fuels the market growth in this region. North America will have the second largest market followed by Europe.

Regions covered

North America 

• U.S.A

• Canada 

• Mexico 

Europe 

• UK 

• France 

• Germany 

• taly 

• Others 

Asia Pacific 

• India 

• China 

• Japan 

• Australia 

• Others 

South America 

• Brazil 

• Argentina 

• Others 

The Middle East and Africa 

• South Africa 

• UAE 

• Saudi Arabia 

• Egypt 

• Others 

Segmentation by Type 

The report covers information in detail about applications and different aspects of various types of pallets available in the industry today.

• Plastic Pallets 

• Corrugated cardboard Pallets 

• Wood Pallets 

• Metal Pallets 

• Lightweight plywood pallet 

• Press wood pallet 

• Others 

Segmentation by Shape and Size

Pallets are of different shapes and sizes and our report will have detailed information about all possible kinds. Here are the ones that are found:

• Two-way Pallets 

• Four-way Pallets 

• Open Pallets 

• Closed-boarded Pallets 

• Wing Pallets 

• Reversible Pallets 

Other segmentations include by usage, structural design, application and more…

Companies included

• Totre Packaging 

• Spruce Impex Pvt Ltd.

• Gee Enterprises 

• Spanco Enterprises 

• Pilco Storage Systems Private Limited 

• Swift Technoplast Private Limited Brambles Limited 

• Loscam Australia Pty Ltd 

• ORBIS 

• Rehrig Pacific 

• Schoeller Allibert 

• Buckhorn 

• CABKA Group 

• The Corrugated Pallets 

• Craemer Holding 

• Euro Pool System International 

• Faber Halbertsma Group 

• Falkenhahn 

• Greystone Logistics 

• HTR Paletten-Service 

• INKA Paletten 

• Jinyuan Group Wuhu Zhongshan 

• Wood Packing 

• Kamps Pallets 

• Litco International 

• Millwood 

• PalletOne 

• PECO Pallet 

• Prioridades Ecologicas 

• RM2 International 

• Tianjin CIMC Logistics Equipment 

Drivers vs. Constraints

Increase in the manufacturing output is one of the key drivers for market growth. The growing need for safe, efficient, and easier transportation is the reason for the growth in the Global Pallet Market.

The limiting availability and high cost of raw materials for manufacturing pallets is the reason which restraints this market growth.

Industry Structure and Update

In 2011, key pallet vendor Brambles acquires IFCO systems, as a part of acquisition and merger strategy to increase the market growth.