Global Pallet Market Report 2023

DUBLIN, May 16, 2023 /PRNewswire/ -- The "Global Pallet Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global pallet market attained a value of USD 93.76 billion in 2022. Aided by the expanding e-commerce sector and the growing need for efficient logistics management, the market is projected to further grow at a CAGR of 5.3% between 2023 and 2028 to reach a value of USD 127.99 billion by 2028. The growing e-commerce industry is driving the global pallet market demand. The rapid expansion of online retail platforms has led to a significant increase in the volume of goods being shipped, necessitating the need for efficient and cost-effective logistics management solutions. Pallets play a crucial role in streamlining the shipping process, reducing product damage, and enhancing supply chain efficiency.Additionally, the rising focus on sustainable and eco-friendly packaging solutions is another key trend propelling the growth of the global pallet market. Manufacturers are increasingly adopting pallets made from recyclable materials or biodegradable materials, such as wood and bioplastic, to minimise their carbon footprint and adhere to stringent environmental regulations.Increasing investment in advanced material handling technologies is also expected to boost the global pallet market growth. Innovations in pallet design, such as lightweight materials, RFID tags, and IoT integration, are enhancing the efficiency and traceability of pallets in the logistics sector. These advancements are expected to further drive the adoption of pallets in various industries.Also, manufacturers are spending money on research and development to incorporate technological advancements into pallet manufacturing. For instance, the use of multiple trip pallets has been adopted to save expenses, get rid of solid waste, and improve operating efficiency. Plastic pallets' ability to be recycled and reused has also grown incredibly popular across a variety of industries.Market SegmentationThe market can be divided based on type, application, structural design, and region.Market Breakup by Type

Wood

Plastic

Metal

Corrugated Paper

Market Breakup by Application

Food and Beverages

Chemicals and Pharmaceuticals

Machinery and Metal

Construction

Others

Market Breakup by Structural Design

Block

Stringer

Others

Market Breakup by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive LandscapeThe report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global pallet companies. Some of the major key players explored in the report are as follows:

Brambles Ltd

Schoeller Allibert

Loscam

ORBIS Corporation

CABKA Group

Others

Key Topics Covered: 1 Preface2 Report Coverage - Key Segmentation and Scope3 Report Description4 Key Assumptions5 Executive Summary6 Snapshot7 Opportunities and Challenges in the Market8 Global Pallet Market Analysis9 North America Pallet Market Analysis10 Europe Pallet Market Analysis11 Asia Pacific Pallet Market Analysis12 Latin America Pallet Market Analysis13 Middle East and Africa Pallet Market Analysis14 Market Dynamics15 Value Chain Analysis16 Trade Data Analysis17 Price Analysis18 Competitive Landscape19 Key Trends and Developments in the MarketFor more information about this report visit https://www.researchandmarkets.com/r/pqgfgc

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and MarketsLaura Wood, Senior [email protected] For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-pallet-market-report-2023-2028-growing-e-commerce-industry-bolsters-sector-301826339.html

SOURCE Research and Markets