info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Pallets Market Research Report Information By Material (Metal, Wood, Plastic via Injection Molding, Plastic via Other Methods, and Corrugated Paper), By End User (Food and Beverage, Chemical, Retail, Pharmaceutical, and Others), By Type (Rackable, Nestable, Stackable, and Display), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032


ID: MRFR/PNT/9778-HCR | 128 Pages | Author: Garvit Vyas| July 2024

Global Pallets Market Overview


Pallets Market Size was valued at USD 60.5 Billion in 2022. The Pallets industry is projected to grow from USD 63.1 Billion in 2023 to USD 88.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032). The demand for sanitary, durable, and contamination-free pallets in the food and beverage, pharmaceutical, and chemical sectors, as well as the increased emphasis on environmentally friendly material handling solutions, are the key market drivers enhancing the market growth.


Pallets Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pallets Market Trends




  • Surging demand for plastic pallets across industry verticals is driving the market growth




The market demand is anticipated to be driven by soaring demand for plastic pallets across industry verticals. Wooden pallets have been used for decades because of their durability and simple production method, but the demand for plastic pallets is rising as a result of several drawbacks such as moisture absorption, reduced durability, and splinter breaking. Additionally, as logistic and shipping organisations switch from using wood pallets to plastic pallets, the demand for pallets is increasing due to benefits including being environmentally friendly, lightweight, and increasing awareness of the need to minimize carbon footprint. Pallet demand is also being boosted by the rising need for HDPE material in the shipping and automotive industries due to its capacity for supporting big loads. Additionally, because they are resistant to organic and inorganic chemicals at standard temperatures, disposable plastic pallets are commonly utilised in the food and beverage sector.


During the anticipated period, the market is anticipated to be driven by the growing use of pallets for transportation purposes. Additionally, with shipping accounting for around 90% of traded commodities, rivers are the main route of transit for cross-border trade. This in turn suggests that the main trading routes around the world are the oceans. Additionally, as the demand for global freight rises, the Organisation for Economic Cooperation and Development (OECD) predicts that maritime commerce volumes will quadruple by 2050.


Expanding global e-commerce activities, an increase in demand for wooden pallets due to their low cost, lightweight, and high strength when compared to other types of materials used as pallet decks or surfaces, and growing use of plastic pallets in the pharmaceutical, chemical, food, and beverage industries are just a few of the main factors causing this growth in the pallet market.


The rise in demand for plastic pallets as a result of growing customer knowledge of the benefits of plastic pallets is what is fueling the growth of the pallets industry. Plastic pallets are simpler to handle during shipping. They are also strongly advised in industries where there is a higher risk of chemical contamination, such as food and beverage, pharmaceuticals, chemicals, and others. Since plastic pallets are easy to clean and disinfect, they can also be used in clean room applications. The demand for plastic pallets in the pallets sector is influenced by such factors.


In the last decades, the world economy has expanded quickly. Some of this evolution has been influenced by the unexpectedly quick expansion of global trade. Trade expansion is a result of both purposeful efforts to remove trade barriers and technological advancements. While the majority of developing nations have not, some have done so in order to fully benefit from trade opportunities. It has been established that one of the most important tools for promoting economic growth, development, and the eradication of poverty is a country's integration into the global economy. Global trade has grown at a 6% average annual rate over the past 20 years, which is twice as fast as global output. Thus, driving the Pallets market revenue.


Pallets Market Segment Insights


Pallets Material Insights


The Pallets Market segmentation, based on material, includes metal, wood, plastic via injection molding, plastic via other methods, and corrugated paper. Plastic via injection molding segment dominated the Pallets Market in 2022. Plastic pallets are rigid constructions that give huge quantities of items the mechanical stability they need to be handled while maintaining their quality. All actions including lifting, moving from one location to another, stacking, product storage, and long-distance land- or sea-based transportation are considered handling. To assist the movement of goods, plastic pallets are made to be mobile by machinery like forklifts, pallet jacks, and front loaders. In industries like food and beverage, pharmaceuticals, chemicals, and others where there is a high risk of chemical contamination, plastic pallets are strongly advised.


Pallets End User Insights


The Pallets Market segmentation, based on end user, includes food and beverage, chemical, retail, pharmaceutical, and others. Food & beverage segment dominated the global market in 2022. The primary drivers of demand were farmers and agricultural companies that handle fresh produce, as well as companies that store, handle, and transport meat, dairy, baked goods, and other processed commodities.


Pallets Type Insights


The Pallets Market segmentation, based on type, includes rackable, nestable, stackable, and display. The nestable segment dominated the global market in 2022. They are more cost-effective than other types of pallets and take up less space during return freight since they can nest inside of one another. They are also less expensive than the rackable and stackable alternatives, making them ideal for export or usage in open-loop supply chains.


Figure 1: Pallets Market, by Type, 2022 & 2032 (USD Billion)


Pallets Market, by Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pallets Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Pallets market dominated this market in 2022 (45.80%). This is a result of rising product demand from China, Japan, and India's industrial industries. Due to the presence of nations that are a part of the Trans-Pacific Partnership Agreement (TPP), Asia Pacific has become a hub for the manufacturing industry. Moreover, China’s Pallets market held the largest market share, and the Indian Pallets market was the fastest growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: PALLETS MARKET SHARE BY REGION 2022 (USD Billion)


PALLETS MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The North America Pallets Market is expected to register significant growth from 2023 to 2032. The region contributes a sizable portion thanks to the presence of a strong industrial sector, particularly in the United States. The demand for plastic pallets is also anticipated to increase across the region as a result of trade agreements like T-MEC. The COVID 19 epidemic, however, had a significant negative impact on routine company operations, which led to a fall in the demand for plastic pallets in the region during 2020. Further, the U.S. Pallets market held the largest market share, and the Canada Pallets market was the fastest growing market in the North America region.


Europe Pallets market accounted for the healthy market share in 2022. This is because there are excellent research and development facilities and strict government regulations on minimising carbon footprint. Further, the German Pallets market held the largest market share, and the U.K Pallets market was the fastest growing market in the European region


Pallets Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Pallets market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Pallets Industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Pallets Industry to benefit clients and increase the market sector. In recent years, the Pallets Industry has offered some of the most significant advantages to medicine. Major players in the Pallets market, including Schoeller Allibert Services B.V. (Schoeller Allibert), Craemer Holding GmbH (CRAEMER), Rehrig Pacific Holdings, Inc. (Rehrig Pacific), Falkenhahn AG (Falkenhahn), Menasha corporation, Millwood, Inc., CABKA Group GmbH (CABKA), LOSCAM International Holdings Co., Ltd. (LOSCAM), Brambles Limited, and UFP Industries, Inc. (PalletOne), are attempting to increase market demand by investing in research and development operations.


Cabka NV, formerly known as Dutch Star Companies Two BV, is a business established in the Netherlands. The company specialises in producing large containers, such as rigid and foldable pallet containers, as well as pallets, including light, heavy, and medium weight pallets. The goods include a variety of features and are constructed from recycled plastic. Some of the pallets, for instance, can be stacked or utilised for export.


Manufacturer of corrugated and plastic packaging goods is Menasha Corp (Menasha). Additionally, it provides plastic reusable packaging systems, protective packaging interiors, packaging supply chain and fulfilment services, as well as packaging and merchandising solutions. In addition, the business provides contract packaging services, including automatic labelling, carton forming, poly bagging, wafer sealing, bundle wrapping, vertical bagging, tablet filling, bottle filling, and blister packing, among others. Menasha's division ORBIS Europe joined forces with pooling company RECALO in September 2021.


Key Companies in the Pallets market include



  • Schoeller Allibert Services B.V. (Schoeller Allibert)

  • Craemer Holding GmbH (CRAEMER)

  • Rehrig Pacific Holdings, Inc. (Rehrig Pacific)

  • Falkenhahn AG (Falkenhahn)

  • Menasha Corporation

  • Millwood, Inc.

  • CABKA Group GmbH (CABKA)

  • LOSCAM International Holdings Co., Ltd. (LOSCAM)

  • Brambles Limited

  • UFP Industries, Inc. (PalletOne)


Pallets Industry Developments


In April 2023: the European Pallet Association (EPAL) announced that it would be phasing out the use of wooden pallets made from tropical hardwoods. This is in response to concerns about the environmental impact of these woods.In May 2023: the US Department of Agriculture (USDA) published a report on the state of the US pallet industry. The report found that the industry is facing a number of challenges, including a shortage of pallets and rising costs.In June 2023: the World Pallet Association (WPA) held its annual conference in Singapore. The conference focused on the latest trends in the pallet industry, including the use of recycled materials and the increasing demand for sustainable pallets.


In September 2023: E-commerce boom fueled demand for lightweight and reusable pallets, with a focus on automation and efficient logistics solutions. Sustainability initiatives gained traction, with companies exploring recycled and eco-friendly pallet options.

In October 2023: Automation saw increasing adoption in pallet pooling and rental services, improving efficiency and reducing costs. Advancements in RFID technology were implemented for better pallet tracking and management.

Pallets Market Segmentation


Pallets Material Outlook



  • Metal

  • Wood

  • Plastic via Injection Molding

  • Plastic via Other Methods

  • Corrugated Paper


Pallets End User Outlook



  • Food and Beverage

  • Chemical

  • Retail

  • Pharmaceutical

  • Others


Pallets Type Outlook



  • Rackable

  • Nestable

  • Stackable

  • Display


Pallets Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2022 USD 60.5 Billion
Market Size 2023 USD 63.1 Billion
Market Size 2032 USD 88.4 Billion
Compound Annual Growth Rate (CAGR) 4.30% (2024-2032)
Base Year 2022
Market Forecast Period 2024-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, End User, Type, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Schoeller Allibert Services B.V. (Schoeller Allibert), Craemer Holding GmbH (CRAEMER), Rehrig Pacific Holdings, Inc. (Rehrig Pacific), Falkenhahn AG (Falkenhahn), Menasha corporation, Millwood, Inc., CABKA Group GmbH (CABKA), LOSCAM International Holdings Co., Ltd. (LOSCAM), Brambles Limited, and UFP Industries, Inc. (PalletOne)
Key Market Opportunities Pallets are being used for transporting.
Key Market Dynamics The demand for sanitary, durable, and contamination-free pallets in the food and beverage, pharmaceutical, and chemical sectors, as well as the increased emphasis on environmentally friendly material handling solutions.


Frequently Asked Questions (FAQ) :

The Pallets Market size was valued at USD 60.5 Billion in 2022.

The global market is projected to grow at a CAGR of 4.30% during the forecast period, 2024-2032.

Asia Pacific had the largest share in the global market

The key players in the market are Schoeller Allibert Services B.V. (Schoeller Allibert), Craemer Holding GmbH (CRAEMER), Rehrig Pacific Holdings, Inc. (Rehrig Pacific), Falkenhahn AG (Falkenhahn), Menasha corporation, Millwood, Inc., CABKA Group GmbH (CABKA), LOSCAM International Holdings Co., Ltd. (LOSCAM), Brambles Limited, and UFP Industries, Inc. (PalletOne)

The Plastic via Injection Molding Material dominated the market in 2022.

The Food and Beverage End User had the largest share in the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.