The global wood pallet market will exceed USD 3.8 billion valuation by 2032, amid growing demand for recyclable pallets across industries.

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The US wood pallet market is expected to grow at a CAGR of 4.5% between 2022 and 2032, reaching a total valuation of US$812.7 million by 2032. The demand for wood pallets in the US market is driven by the rapid expansion of the manufacturing industry and growth in trade, increased demand for eco-friendly packaging, and innovations in wood pallets

Dubai, United Arab Emirates, September 20, 2022 (GLOBE NEWSWIRE) – Global wooden pallet market It is expected to grow from 2.3 USD Billion dollar to me 3.8 USD Billion dollar By 2032, with aggregate demand increasing at 5.4% compound annual growth rate throughout the forecast period.

The growing adoption of wood pallets across various end-use industries and the growing popularity of recyclable pallets due to their environmental benefits are some of the major factors driving the growth in the global wood pallet market.

Wooden pallets have become ideal packaging solutions used in various sectors due to their affordability, recyclability and impact resistance. They are increasingly being used in the logistics and transportation industry to stack, store, bundle or move items over long distances. This will continue to drive market growth during the forecast period.

Likewise, innovation in wood pallets and integration of advanced technologies bodes well for market growth over the next ten years. Customers are demanding more transparency in how products and goods flow through supply chains. Individual pallets can be tracked and traced in real time by integrating RFID chips directly into the pallet materials.

Pallet monitoring can help organizations manage refunds and expiration dates, as well as avoid product loss and deliver items to end users quickly and efficiently. Due to the increasing demand for food and beverage products worldwide, sales of wooden pallets are set to grow at a significant pace over the next ten years.

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Likewise, the increasing use of pallets for storage and transportation of pharmaceutical products is expected to open up new market prospects. The demand for healthcare items such as medicines and equipment is increasing with the growing number of elderly people and the rising incidence of chronic diseases.

The emergence of the pharmaceutical business has also contributed to the growth of the wood pallet market. During the handling and distribution process, wooden pallets play a vital role in the safe and efficient movement of pallets and warehousing.

Pallets are manufactured in various sizes and designs to suit different types of platforms handling equipment (mostly forklifts) and payloads, although there are standardized versions. Hence, with the growth of disposable income and consumption across the globe, the food and beverage industry will see an increase in demand, which will be an important driver of the wood chipboard market worldwide.

The main takeaway from Wood Pallets Market

  • By type of wood, the solid wood pallet segment is expected to grow in 4.6% compound annual growth rate Until 2032, which generates an additional opportunity for 730 USD Minnesota during the forecast period.

  • By input type, the four platform segment is expected to grow at a compound annual growth rate of 3.7% during the forecast period.

  • North America and East Asia are expected to remain the most lucrative markets for wood pallets over the next 10 years.

  • The US wooden pallet market is likely to expand at 4.5% compound annual growth rate between 2022 and 2032, up to an overall valuation of 812.7 USD Minnesota by 2032.

  • The wooden pallet market in India is expected to grow in 5.6% compound annual growth rate during the forecast period, which creates an increased chance of USD 115 Minnesota.

  • The demand for wooden pallets in China is expected to grow at the highest level Compound annual growth rate of 6.9% during the evaluation period.

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Wooden pallets have a promising market due to their low productivity cost per trip and the reusability of wooden pallets. The use of environmentally friendly materials and the creation of environmentally friendly designs are also expected to accelerate the expansion of the market. – says FMI analyst

Global wooden pallets make a good impact on the environment

Pallets are a vital logistics tool used for packing and usually used as load carriers. These platforms are useful in logistics and supply chain services because they make it easy to stack, store, assemble, or move items over long distances.

Wooden pallets are completely recyclable and are a sustainable packaging option. These pallets can be easily damaged or destroyed when compared to metal or plastic pallets. Thus, it can be easily and reasonably repaired without wasting a lot of resources and time.

Wooden pallets are the most recyclable option in the supply chain as they can be used for different things by extending the life of existing wooden pallets. They can easily reduce carbon footprints. Thus, wooden pallets are considered the most reliable and a Flexible packaging Option for end-use segment.

Which is the win?

The major manufacturers of wood pallets include Interpak Industries Pte. Ltd., Tri-Wall Holdings Limited, PalletOne, Larson Packaging Company Brambles Limited, Falkenhahn AG, LOSCAM International Holdings Co., Ltd. Millwood, Inc. , Menasha Corporation, Rehrig Pacific Holdings, Inc. , and Schoeller Allibert Services BV Brambles Limited, Inka-paletten, Peco Pallet, John Rock, Inc. Millwood, United Pallet Services Inc. , Herwood, DNA Packaging Systems, Kronus ltd, Litco International Inc, LCN Pallets and Wooden Cases, Anderson Pallet and Crate, Best Pallet and Crate LLC, Atlanta Pallets & Services, B&B Pallet Company, CLM Pallet Recycling, among others.

Most of these market players have adopted strategies such as new product launches, facility expansion, price cuts, mergers, collaborations and acquisitions to increase their revenue share.

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Wooden Pallet Market Report

In its new report, Future Market Insights presents an unbiased analysis of the global market for wood pallets market by wood type (hardwood and softwood), by input type (four methods and two methods), by end-use industry (food and beverage, building and construction, pharmaceuticals, consumer electronics, and pharmaceuticals). Cosmetics, personal care, logistics, transportation, etc. (automobiles, textiles, etc.), by region (North America, Latin America, Europe, South Asia, East Asia, Middle East, Africa, Oceania) – Forecast to 2022 – 2032.

content list

1. Executive Summary

1.1 Global Market Outlook

1.2 Demand-side trends

1.3 Supply-side trends

1.4 Technology roadmap analysis

1.5 Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Rating

2.2. Market Definition / Scope / Limitations

3. Market background

3.1. market dynamics

3.1.1. drivers

3.1.2. limitations

3.1.3. Chance

3.1.4. trends

Click here for Wood Pallets Market’s 200 Pages Table of Contents Report

About the packaging department of Future Market Insights

The Packaging Division of Future Market Insights provides in-depth historical analysis and forecasts for the next ten years and covers the competitive landscape with a unique dashboard presentation. From packaging materials and packaging machinery to packaging designs and formats, Future Market Insights has a comprehensive database of these industry sectors, serving clients with unique research offerings and strategic recommendations. With a repository of more than 1,000 reports, the team has comprehensively analyzed the packaging industry in more than 50 countries. The team evaluates each node in the value chain and provides comprehensive research and consulting services; Contact us to discover how we can help.

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