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Wooden Pallets Segment to Lead the Global Pallets Market during 2015-2025

Press release Description

Albany, New York, September 14, 2017: “Pallets Market: Global Industry Analysis and Forecast (2015-2020),” is the recent research report that has been added to the database of Market Research Reports Search Engine. This research report examines the global pallets market for the duration of five years, i.e. 2015-2020. According to the analysts, this market is fragmented and therefore the small regional players are strategically collaborating with the key players operating in the global pallets market to strengthen and improve their sales and distribution network. The small players functioning in the global pallets market are also involved in the manufacturing of the wooden pallets, as this particular segment holds significant market share.   

Key Facts- Global Market for Pallets

  • This market is known for the presence of substantial number of key vendors who are functioning from the regions such as North America, Asia Pacific and Europe
  • As compared to plastic pallets, wooden pallets market is extremely unorganized due to enormous small players in wood pallet manufacturing
  • This market is categorized on the basis of development of new products
  • On the basis of consumption, Asia Pacific region is assumed as opportunistic market. The key players are influencing the transportation and food & beverage sectors by expanding their footprints in the region
  • North America and Europe are the primary adopters of pallets for food industry market that has observed growing adoption of plastic pallets due to its several advantages over wood pallets
  • There are few producers in pallets market of South America and MEA regions

Segmental AnalysisGlobal Market for Pallets

The global market for pallets is segmented by product type and end users. The product type segment includes five segments such as paper, wooden, recycled materials, metal and plastic.

The most preferred used material for pallets across the globe is wood as it not only offers huge benefits in response time and but also offers little cost of customized designs for startups. Many times wooden pallets cause injuries such as swollen nails due to its sharp splinters that damage food packaging. However, because of their low cost, wood pallets are likely to remain dominant in product sales in most areas. The market penetration of paper pallets remained very little due to their limited load bearing capability. However, technological development has enhanced the operational capability of these pallets. Recently, a number of companies have started using paper pallets in place of timber.

Warehousing and construction, food & beverage manufacturing and others are included in end user segment of the global pallets market. Pallet market is projected to register a significant CAGR in the food and beverage end user application. Food and beverage production facilities, including bakeries, dairies and a wide range of other points along the supply chain are major consumers of pallets. Recently, the food industry has significantly influenced the dynamics of the pallet industry by leaning towards plastic pallets, due to their resistance to chemical, bacterial and other forms of contamination.

Regional Analysis- Global Market for Pallets

The market is segmented into North America, Asia Pacific, Europe, South America and Asia Pacific. The market for pallets in Europe will remain steady due to growth in manufacturing sector in the region. The demand for pallets in the U.S. is also expected to increase as a result of recovering U.S. economy and opening of Panama Canal system. The demand for both refurbished and new pallets is expected to grow with wood block pallets driving the overall demand.

Key Players- Global Market for Pallets

Corrugated Pallets Company, Airdex International Inc., Wooden Pallets Ltd, Associated Pallet Inc., and Mauser AG, Myers Industries Inc., are some of the top players in the global pallets market.

Browse Full Global Pallets Market Report with TOC  :

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