Increase in focus on sustainable packaging and pallets drives the global pallets market. Based on application, the non-rental segment contributed the major share in 2015. Based on region, on the other hand, the market across Asia-Pacific would remain lucrative throughout the forecast period.
Pallets Market The pallets market size was valued at $66.0 billion in 2015, and is estimated to reach $122.3 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
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Covid-19 scenario-
- Decline in logistics and manufacturing activities across the world led to decreased demand for pallets, thus impacting the global pallets market negatively.
- However, the demand immediately experienced an incline as soon as the manufacturing units started restoring their operations.
The demand for automation is increasing in several industrial sectors due to the rise in demand for improved customer service. For providing the correct variety of products to customers, it is necessary to have a good pallet system in the retail store network. This increases the demand for an effective pallet-build process at the warehouse level. The mixed SKU pallets should precisely hold what the retail location requires and reach the desired location on time and without damage. The system should optimize the volume of every shipment and pallet. With the growing inclination towards the e-commerce sector, there is a need to build an effective pallet build system or automated palletizers, which can pick and put the item in place while restoring the stock.
Leading Players:
The key market players analyzed in the global pallets market report include CABKA Group GmbH (CABKA), Craemer Holding GmbH (CRAEMER), UFP Industries, Inc. (PalletOne)Falkenhahn AG (Falkenhahn), LOSCAM International Holdings Co., Ltd. (LOSCAM), Menasha Corporation, Millwood, Inc., Rehrig Pacific Holdings, Inc. (Rehrig Pacific), Brambles Limited, Schoeller Allibert Services B.V. (Schoeller Allibert). These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
| By Type | RackableNestableStackableDisplay |
| By Application | RentalNon-rental |
| By Material | WoodPlastic via Injection MoldingPlastic via Other MethodsCorrugated PaperMetal |
| By End-user | ChemicalRetailPharmaceuticalOthersFood and Beverage |