How big is the Pallets Market?

The Pallets Market size is expected to reach USD 95.31 billion in 2024 and grow at a CAGR of 4.37% to reach USD 118.03 billion by 2029. Read More

What is the current Pallets Market size?

In 2024, the Pallets Market size is expected to reach USD 95.31 billion. Read More

Who are the key players in Pallets Market?

Falkenhahn AG, CABKA Group GmbH, CHEP (Commonwealth Handling Equipment Pool), Palettes Gestion Services and PalletOne, Inc. are the major companies operating in the Pallets Market. Read More

Which is the fastest growing region in Pallets Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Pallets Market?

In 2024, the North America and Europe accounts for the largest market share in Pallets Market. Read More

What years does this Pallets Market cover, and what was the market size in 2023?

In 2023, the Pallets Market size was estimated at USD 91.14 billion. The report covers the Pallets Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pallets Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is driving the demand for Pallets Market?

The demand for Pallets Market is being driven by a) The increasing use of plastic pallets, their adoption for transportation b) The growing focus on reducing carbon footprint Read More

Pallets Industry Report | Global Analysis, Market Size & Trends Overview

Pallets Industry Report - Global Analysis, Market Size & Trends Overview (2024 - 2029)

The Pallet Market Report is Segmented by Types (Wood, Plastic, Metal, and Corrugated Paper), End User (Transportation & Warehousing, Food & Beverage, Pharmaceutical, Retail, and Other End User), and Geography (North America [United States and Canada], Europe [United Kingdom, France, Germany, Italy, Spain, and Rest of Europe], Asia-Pacific [China, Japan, India, Australia and New Zealand, and Rest of Asia-Pacific], Latin America [Brazil, Argentina, Mexico, and Rest of Latin America], and Middle East and Africa [Saudi Arabia, South Africa, Egypt, and Rest of Middle East and Africa]). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Competitive Landscape

The pallet market is fragmented due to the presence of several small and large manufacturers. The increased trade between countries is boosting the growth of corrugated pallets as sustainable packaging. Key players are Falkenhahn AG, CABKA Group GmbH, and CHEP, among others.

In July 2023, Goplasticpallets.com, a company focused on sustainable practices in the pallet industry, added the Qpall 1212 HR 6R V2, a heavy-duty plastic pallet, to its product offerings in the United Kingdom. This heavy-duty, open-deck plastic pallet, manufactured by Netherlands-based Q-Pall, is specifically designed to handle large amounts of materials and ingredients for manufacturers and other industries, including those transporting and storing chemical drums and bulk bags.
In July 2023, Kite Packaging updated its pallet range to include new, eco-friendly, nestable, and rackable plastic pallets, timber, and press wood pallets. The rackable pallets are suitable for warehouse racking and provide a cost-effective solution for efficiently storing palletized goods. Thanks to being heavy duty, they are ideal for long-distance shipping, including export.