Australia Pallets Market Report and Forecast 2024-2032

Australia Pallets Market Outlook

The Australia pallets market size reached USD 685.41 million in 2023. The market is expected to grow at a CAGR of 4.12% between 2024 and 2032, reaching almost USD 987.97 million by 2032.

Key Takeaways

• According to the Australian Bureau of Agricultural and Resource Economics, the total value of imported wood products was $6.9 billion in 2022-23, while the total value of wood product exports stood at $2.8 billion.

• As per the Department of Agriculture, Water, and the Environment, the import value of wood-based panels in 2021 amounted to USD 689 million, contributing to the Australia pallet market growth.

• According to the Australian Bureau of Statistics, the construction of new residential buildings increased to $7.4 billion, while non-residential building construction rose to $4.92 billion.

Based on type, the Australia pallets market share is led by collapsible pallets due to their collapsible nature, allowing them to be folded or collapsed when not in use. This feature significantly reduces storage space and shipping requirements

Collapsible pallets conserve space, decreasing storage demands and shipping expenses. They provide adaptability, transforming from collapsible to standard pallets, ease of manipulation, and eco-friendly advantages by reducing fuel usage and emissions.

Stackable pallets optimize vertical storage, enhance organisation, and minimize product damage. They facilitate efficient handling, bolster safety measures, and present a range of sizes and materials to meet various business requirements.

LyondellBasell had joined a group of companies to co-develop a prototype KitKat wrapper made with 30% recycled soft plastic. This innovative prototype was created to demonstrate what was technically possible in Australia, driven by the collaborators' desire to promote a circular future for soft plastics in the country.

Market Segmentation

Australia Pallets Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Collapsible Pallets

• Stackable Pallets

• Display

• Nestable Pallets

Market Breakup by Material

• Metal Pallets

• Paper Pallets

• Plastic Pallets

• Wood Pallets

Market Breakup by Structural Design

• Stringer

• Block

• Others

Market Breakup by Application

• Building & Construction

• Chemicals and Pharmaceuticals

• Food and Beverages

• Machinery and Metal

• Pharmaceuticals

• Consumer Electronics

• Textile and Handcraft

• Automotive

• Agriculture and Allied Industry

• Cosmetics & Personal Care

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia pallets market key players are Fisher’s (Latrobe Valley) Pty Ltd., Audanus Pty Ltd., Pinewood Products Pty Ltd., Plain Pallets, West Coast Pallets Pty Ltd., Palletize Australia, Westend Pallets, Pallet Recyclers Pty Ltd., Seapal Pallets & Crates Pty Ltd, and Pinetec among others.

Key Highlights of the Report