Pallets Market Size Poised to Touch US$84.56 Billion by 2026
The global Pallets market size is anticipated to around USD 84.56 billion by 2026, this market is anticipated to grow with 4.8% CAGR during the forecast time period. In the market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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In 2018, Asia Pacific dominated the regional market with a maximum market share
The Asia Pacific accounted for the high market share of the pallets market and the region is also expected to maintain its dominance over the forecast period. The region is experiencing the maximum growth owing to the presence of testing device companies, favorable reimbursement policies in the rapidly growing population. The Asia Pacific is followed by the North America region in the business market. The North America region is expected to exhibit a second-largest share in the pallets market. North America is expected to account for the second-largest in the global market during the forecast period. An increase in adoption of the pallet, growing disposable income and an increase in innovation and development in pallet products is expected to enhance the regional market growth in the global pallets market during the forecast.
Few of the players profiled in the report operating in the market are Spruce ImpexPvt Ltd., Totre Packaging, Gee Enterprises, Spanco Enterprises, Swift Technoplast Private Ltd., Loscam Australia Pty Ltd., Pilco Storage Systems Private Ltd., Brambles Ltd., SchoellerAllibert, Rehrig Pacific Company, and CABKA Group. These players are implementing various strategies such as new product introduction, attainments, and collaborations, in order to apprehension in height revenue share in pallets business. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors. The presence of a large customer base along with the growing demand for pallets is additionally accelerating the regional market growth. Moreover, innovation and expansion in pallet usage and growing development, increasing the demand for logistics & transport and increasing awareness about maintaining health among the customer are expected to enhance the market growth in the global pallet market in the future. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.
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Pallets Market (By Product: Plastic Pallets, Wood Pallets, Metals Pallets, Others; By Application: Glossary Manufacturing, Logistics and Transportation, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
Furthermore, increase in demand, innovation and development in pallet, rising concerns about usage of pallet, and rising spending capacity is also estimating to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing industry and emergence of new product development in Metals Pallets products are expected to create opportunities for the manufacturers in the global market over the forecast period. However, rigorous government regulations towards pallet quality and safety & quality concerns of pallet are expected to hamper the growth of the global pallet market.
Plastic pallets have dominated the type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. The Plastic Pallets segment accounts of the largest share in the market in 2018 and will appear decent growth rate over xx % during the forecast period. The major factors that are driving the growth of Metals Pallets segment is the extremely high strength alongside with reduced weight, exclusive design, high production, and a huge resources availability. This is probably to heighten the dominance of the Metals Pallets segment rather than other in the global market over the forecast period.
Based on application, the market has been segmented into glossary manufacturing, logistic & transport and others. The Logistic & transport accounts of the largest share market share by volume in the period 2018. In addition to that, escalating demand from packaging and automobile industry is yet another factor to act as a growth driver for the global pallet market in coming future. The limited availability of raw material and high cost of raw material are the two major challenges for the global pallet market.The quality of products which grows the demand for pallet in application type. The major factors that are driving the growth of this segment are increasing consumption in logistic and beautiful appeal of product with efficient marketing styles.
Some of the key observations regarding pallets industry include:
- September 2019, PalletOne, Inc., America's largest new pallet manufacturer, has purchased Bay Wood Products Inc., a pallet and crate manufacturing business located in Baldwin County on the Alabama Gulf Coast.
- October 2019, The National Wooden Pallet & Container Association (NWPCA) announces the release of PDS 6.0, the most advanced software tool in the world that considers the interactions between a flexible wood pallet and corrugated boxes.
- January 2019, Germany's Kion Group AG plans to magnify its industrial unit in Summerville, S.C., in a move to escape a 25% tariff that the U.S. levied on forklifts imported from China.
Market Segmentation
Market By Product
- Plastic Pallets
- Wood Pallets
- Metals Pallets
- Others
Market By Application
- Glossary Manufacturing
- Logistics and Transportation
- Others
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Pallets
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Pallets Market By Product
1.2.2.1. Global Pallets Market Revenue and Growth Rate Comparison By Product(2015-2026)
1.2.2.2. Global Pallets Market Revenue Share By Product in 2018
1.2.2.3. Plastic Pallets
1.2.2.4. Wood Pallets
1.2.2.5. Metals Pallets
1.2.2.6. Others
1.2.3. Pallets Market By Application
1.2.3.1. Global Pallets Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Pallets Market Revenue Share By Application in 2018
1.2.3.3. Glossary Manufacturing
1.2.3.4. Logistics and Transportation
1.2.3.5. Others
1.2.4. Pallets Market by Geography
1.2.4.1. Global Pallets Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Pallets Market Revenue and Growth Rate(2015-2026)
1.2.4.3. Europe Pallets Market Revenue and Growth Rate(2015-2026)
1.2.4.4. Asia-Pacific Pallets Market Revenue and Growth Rate(2015-2026)
1.2.4.5. Latin America Pallets Market Revenue and Growth Rate(2015-2026)
1.2.4.6. Middle East and Africa (MEA)Pallets Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Application and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PALLETS ANALYSIS
3.1. Capacity and Commercial Type on Date of Global Pallets Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Pallets Major Manufacturers in 2018
3.3. R&D Status and Type Application of Global Pallets Major Manufacturers in 2018
3.4. Raw Application s Applications Analysis of Global Pallets Major Manufacturers in 2018
CHAPTER 4. PALLETS MARKET BY PRODUCT
4.1. Global Pallets Revenue By Product
4.2. Plastic Pallets
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Wood Pallets
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Metals Pallets
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. PALLETS MARKET BY APPLICATION
5.1. Global Pallets Revenue By Application
5.2. Glossary Manufacturing
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Logistics and Transportation
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA PALLETS MARKET BY COUNTRY
6.1. North America Pallets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Pallets Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Pallets Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
CHAPTER 7. EUROPE PALLETS MARKET BY COUNTRY
7.1. Europe Pallets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Pallets Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC PALLETS MARKET BY COUNTRY
8.1. Asia-Pacific Pallets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Pallets Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA PALLETS MARKET BY COUNTRY
9.1. Latin America Pallets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Pallets Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA PALLETS MARKET BY COUNTRY
10.1. Middle East & Africa Pallets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Pallets Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application , 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Spruce ImpexPvt Ltd
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Type Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Totre Packaging
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Type Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Tetra Laval International S.A
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Type Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Gee Enterprises
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Type Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Spanco Enterprises
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Type Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Swift Technoplast Private Ltd
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Type Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Loscam Australia Pty Ltd
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Type Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Pilco Storage Systems Private Ltd
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Type Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Brambles Ltd
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Type Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. SchoellerAllibert
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Type Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Type Portfolio
11.11.5. Key Developments
11.11.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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