Pallet Market Segmentation by Type (Block, Stringer, Double-Face, Double-Wing, and Solid Deck Pallet); by Material (Plastic, Wood, Plywood, Cardboard, Metal, and Others); and by End-User Industry (Chemical, Food & Beverages, Automobile, Cement, Agriculture and Others) - Global Demand Analysis & Opportunity Outlook 2029

  • Report ID: 118
  • Published Date: Sep 08, 2022
  • Report Format: PDF, PPT

Global Pallet Market Highlights over 2020-2029

The global pallet market is estimated to garner a significant CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the growing demand for reliable packaging solutions amongst the end-users. Pallets are being increasingly used for bulk packaging as it keeps the products in position. Moreover, increasing international trade of various commodities, such as, dairy, cosmetics, chemicals, and electronic goods, among others, is estimated to increase the demand for safe packaging solutions, which, in turn, is estimated to boost the market growth.

Pallet Market

Get more information on this report: Request Free Sample PDF

The market is segmented by material into plastic, wood, plywood, cardboard, metal, and others, out of which, the plastic segment is anticipated to hold the largest share in the market during the forecast period, on account of easy availability of raw materials, along with the ease in recycling the material. Additionally, wooden pallets are easily perishable in hot and humid climatic conditions, which is estimated to promote the demand for plastic pallets.

Global Pallet Market Regional Synopsis

Regionally, the global pallet market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy CAGR over the forecast period on the back of growing manufacturing industry in countries, such as, India, China, Vietnam, and Thailand, backed by the rapid economic development in the region. APAC region is the biggest exporter of various good, including smartphones and their parts, locomotives, cotton, spices, and pesticides among others, which is projected to boost the demand for packaging solutions. Moreover, growing use of pallets for storage of products, especially, fruits and vegetables, is anticipated to further drive the market growth.

The market in North America region is estimated to hold a substantial share throughout the forecast period, owing to the increasing use of pallets in exportation of products, such as, pharmaceutical and cosmetics.

The global pallet market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global pallet market includes the following segments:

By Type

  • Block Pallet
  • Stringer
  • Double-Face
  • Double- Wing
  • Solid Deck

By Material

  • Plastic
  • Wood
  • Plywood
  • Cardboard
  • Metal
  • Others

By End-User Industry

  • Chemical
  • Food & Beverages
  • Automobile
  • Cement
  • Agriculture
  • Others

Growth Drivers

  • Escalating Demand for Packaging in Chemical, Cement, and Automobile Industry
  • Increasing Application of Pallets for Packaging Goods in the Growing Import and Export Industry


  • High Cost of Raw Materials, such as, Wood and Steel
  • Risk of Fire and Insect Infestation in Wooden Pallets

Top Featured Companies Dominating the Market

  • Totre Industries
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Palcon LLC
  • Shur-way Group Inc.
  • FCA, LLC
  • Coxco, Inc.
  • Brambles Ltd (CHEP)
  • PalletOne Inc.
  • Rowlinsons Packaging Ltd.
  • Pilco Storage Systems Private Limited.
  • CABKA Group


In the News

Author Credits:  Sadaf Naaz, Mohd Shadab

  • Report ID: 118
  • Published Date: Sep 08, 2022
  • Report Format: PDF, PPT

Key Questions Answered in the Report

1) What are the major factors driving the growth of the pallet market?

Ans: Increasing need for packaging solutions of the growing exportation activities is one of the major factors promoting the growth of the market.

2) What would be the CAGR of pallet market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the pallet market growth?

Ans: High cost of raw materials and easily perishable nature of wood are some of the factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of pallet market in future?

Ans: The market in the Asia Pacific is estimated to witness maximum growth opportunities during the forecast period, on the back of growing manufacturing sector in the region.

5) Who are the major players dominating the pallet market?

Ans: The major players in the market are Palcon LLC, Shur-way Group Inc., FCA, LLC, Coxco, Inc., Brambles Ltd (CHEP), PalletOne Inc., Rowlinsons Packaging Ltd. and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the pallet market?

Ans: The market is segmented by type, material, end-user industry, and by region.

8) Which sub-segment captures the largest market size in the material segment in the pallet market?

Ans: The plastic segment is anticipated to hold largest market size over the forecast period owing to the recyclable properties of plastic backed by growing environment awareness amongst various manufacturers.


FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying