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The North America pallet market attained a value of USD 26,031.60 million in 2023. The market is further expected to grow at a CAGR of 5% during the forecast period of 2024-2032 to reach a value of USD 40,294.48 million by 2032.
Base Year
Historical Year
Forecast Year
North America Pallet Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 26,031.60 |
Market Size 2032 | USD Million | 40,294.48 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.0% |
CAGR 2024-2032 - Market by Region | USA | 5.7% |
CAGR 2024-2032 - Market by Region | Canada | XX% |
CAGR 2024-2032 - Market by Application | Chemicals and Pharmaceuticals | 6.1% |
CAGR 2024-2032 - Market by Structural Design | Block | 5.8% |
2023 Market Share by Country | Canada | 12.9% |
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Sustainable packaging demand and automation adoption are transforming the North America pallet market.
Two main trends in the North American pallet market are the demand for sustainable packaging and the rising trend of automation in logistics. Indeed, companies are shifting to eco-friendly materials such as recycled pallets and pallets from alternative resources in pursuit of sustainability. In terms of automation technologies, automated pallet handling systems and robotic palletizers improve warehouse and distribution centre efficiency and reduce labour costs. These are trends where the processes are more environmentally conscious and enhnace efficiency in the operational effectiveness of the supply chain.
May 2024
PalletOne Inc announced its strategic expansion of capabilities in Houston and surrounding areas. This development significantly enhances the company's capacity and service offerings for businesses throughout Houston, Galveston and beyond to San Antonio and Austin.
August 2022
ORBIS Corporation exhibited its reusable pallets and packaging solutions designed for electric vehicle supply chains at the North American Battery Show, which will focus on durability, sustainability, and cost savings.
The key pallet manufacturers of North America witnessed several issues related to the volatilities of raw material prices and supply chain disruptions in the last few years. Such issues were overcome by companies through strategic sourcing and developing relationships with multiple suppliers, thereby ensuring more stable material costs, and ultimately augmenting the North America pallet demand. For instance, the leading pallet manufacturers had followed a diversified supply chain strategy; thus, it had improved the risks associated with dependency on single sources. They had also invested in technology that would be applied to the inventory management, which ensured timely reactions to the changes in the market. Overall, the resilience by regional challenges was enhanced through improved operational efficiency.
Sustainable pallets, automation, e-commerce growth, and global expansion present key opportunities for market players.
Regional players invest in IoT and automation to enhance efficiency in pallet management.
Among the various North America pallet market dynamics and trends, a significant one is the increasing investment in automation and smart technology by regional players. For example, CHEP has been using IoT devices and data analytics tools that help it optimise its pallet tracking and manage its inventory effectively. Such technology improves operational efficiency through actual real-time insights into the supply chain. As such, quick adjustments can be made in logistics. PalletOne is also exploring similar innovations that improve its capacity to adapt to higher e-commerce expectations and just-in-time deliveries. It is part of the broader trend in the industry involving the use of technology to make the business better, more efficient, and responsive.
Growing demand for sustainable packaging and the expanding food sector drive North America's pallet market growth.
Two main growth drivers in the North American pallet market are the increase in demand for environmentally friendly sustainable packaging solutions and the growth in the food and beverage sector. As per industry reports, 70% of the customers like eco-friendly packaging, thus companies are adopting the sustainable pallet made from recycled materials. Moreover, the growth of the food and beverage segment is majorly driving high demand for efficient pallet systems that meet the health and safety standards, thereby pushing the growth of North America pallet market. This would lead to the path of sustainability and compliance and pave the way for further innovations in pallet manufacturers by boosting the growth of the market.
Stricter USDA regulations on wooden pallets may increase costs and hinder sales in the market.
Enforcement of stricter environmental policies on wooden pallets and other wood packaging materials would be among the prominent North America pallet market challenges. This is because, for instance, the USDA has already regulated how wood or wood products entering the country should be altered to prevent the introduction of pests into the United States through the exchange of wooden pallets with other countries. This means that companies will be compelled to have their wood undergo heat treatment and other compliance measures; this will further raise the cost of production and lead to logistical hurdles. There will be huge fines and associated restraints that create barriers preventing customers from buying the wood pallets, therefore affecting sales in case of non-compliance.
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“North America Pallet Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
On the basis of type, the market can be segmented into:
Based on application, the market can be divided into:
CAGR 2024-2032 - Market by | Application |
Chemicals and Pharmaceuticals | 6.1% |
Machinery and Metal | 5.8% |
Food and Beverages | XX% |
Construction | XX% |
Agriculture | XX% |
Others | XX% |
Based on structural design, the market can be segmented into:
CAGR 2024-2032 - Market by | Structural Design |
Block | 5.8% |
Stringer | 5.3% |
Others | XX% |
Based on region, the market can be segregated into:
CAGR 2024-2032 - Market by | Country |
USA | 5.7% |
Canada | XX% |
Demand for wooden, plastic, metal, and corrugated paper pallets is rising in North America.
Demand for different types of pallets is gaining traction across North America, both in terms of types and the changing requirements of industries. While wooden pallets are the most used due to economy and strength, particularly in traditional logistical services, plastic pallets find increasing applications due to such aspects as inherent strength, light weight, and hygiene-related suitability-uses in food and pharmaceutical applications. As attention to heavy-duty use in manufacturing and warehousing applications grows, metal pallets are gaining popularity. As per North America pallet market analysis, corrugated paper pallets are still a relatively new product but rapidly becoming the go-to sustainable alternative to lightweight shipping solutions. This end indeed reflects broader North American supply chain emphasis on efficiency, sustainability, and compliance.
2023 Market Share by | Country |
Canada | 12.9% |
USA | XX% |
Pallets serve diverse sectors in North America, including food, pharmaceuticals, agriculture, and construction industries.
North America extensively uses pallets for various purposes. In the food and beverages sector, wooden and plastic pallets help carry things safely with strict adherence to health standards. For chemicals and pharmaceuticals sectors, mainly plastic and metal pallets are used for strength and non-contamination purposes. Heavy-duty wooden and metal pallets are generally applied to machinery and metal sectors in support loads. In agriculture, pallets are used to allow for efficient movement of produce in other cases. As per North America pallet industry analysis, light in weight shipping solutions through corrugated paper pallets are becoming increasingly popular. The construction industry uses sturdy pallets for site mobilisation and equipment movements. There is much diversity behind pallets, which makes them a staple in various industries.
Demand in North America grows for block, stringer, and innovative pallet designs across industries.
Structural design is one of the major factors affecting the demand in North America for pallets. Block pallets, being stable and strong, are used where heavy loads must be carried. These are applicable in manufacturing and logistics business, thereby increasing its demand for stringer pallets. Stringer pallets are less expensive and lightweight and have received much interest in retail and distribution where budget is a concern for many companies. Other innovations include foldable and customised pallets that express the diversity required to cater to specific sectors thus improving flexibility in storage and transportation, thereby boosting the North America pallet industry revenues. The structural design diversification aids in accomplishing different needs of the industries therefore drove overall market growth.
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United States Pallet Market Dynamics
E-commerce growth and the increasing demand for eco-friendly packaging solutions are the most crucial drivers of the North American pallet market in the United States. Front-runners in this market include companies such as CHEP, providing pooled pallet services to encourage more re-use and less waste. The rise in health and safety standards in food and pharmaceutical industries led them to opting for hygienic materials that boosted the requirement for plastic and treated wooden pallets. Automation and logistics continue innovations to improve efficiency further, and businesses invest in higher pallet systems for their operations and sustainability needs.
Canada Pallet Market Opportunities
The Canada pallet market is primarily driven by efforts of key players towards sustainability and efficiency in supply chains. The rising concerns regarding the environment have led companies such as Kamps Pallets to cash in on recycled and eco-friendly pallet options. Growth in agriculture was also substantial as Canadian producers require strong, yet lightweight pallets in transport of perishables. Further, regulatory changes and waste in packaging drive the businesses toward innovative pallet solutions that are in sync with sustainability goals, which in turn drives them to be more environmentally responsible.
North America pallet market startups are currently set to sustainable and innovative strategies. Many of them are manufacturing such eco-friendly pallets with recycled materials or alternate sources. They also apply several enabling technologies, such as IoT and blockchain, to make tracking and efficiency in supply chains even more enhanced. Several others offer custom pallet solutions to segmented markets and industry-specific demands, offering flexibility and responsiveness.
PalletSwap, founded in 2021 and headquartered in Toronto, Canada, specialises in green pallet solutions. The Company allows businesses to buy or sell pallets or even to rent them. PalletSwap's new strategy on recycling is innovative as well and focused a lot on the use of resources efficiency that minimises environmental impacts within logistics operations.
RePack, founded 2013 and headquartered in San Francisco, California, United States, is producing reusable packaging materials, including pallets. It attempts to decrease the waste input in the supply chain by offering companies the most efficient and environmentally-friendly cost-saving options.
North America pallet market players are striving toward sustainability, increased operational efficiency, and innovation. This is achieved through adoption of so-called green materials and practices as consumers continually drive towards sustainability offerings. Most of the investment that companies are making for supply chain streamlining and reduced cost is made in the realms of automation and digital technology. North America pallet companies are keen on offering services to meet a vast number of industry requirements - an aspect that encourages resilience and adaptability in a continuously competitive market environment.
Key industry leaders in this market are:
PalletOne Inc., established in 2006 in Palatka, Florida, specialises in manufacturing both new and recycled wooden pallets. Focusing on different industries, the firm does pallet repair and recycling to achieve sustainability and cost-effectiveness. In their rich inventory, they serve all sectors of food, beverage, and manufacturing.
Herwood Inc., founded in 1994, with its office located in Calgary, Alberta, in Canada, is specialised in the production of high-quality wooden pallets and crates made according to specific requirements of customers. The company responsibly sources supply and sells new and rebuilt pallets. The products developed by the company are extensively used in agricultural, industrial, and retail use for efficient logistics with less impacts on the environment.
John Rock, Inc., established in 1982, provides a diversified pallet product line of wood, plastic, and metal. The company focuses on long-term durability combined with ISO quality standards and food-grade and pharmaceutical-grade packaging. Custom pallet designs can help companies optimise supply chain operations and lower costs.
TMF Corporation is an NY-based company based in Rochester, with a history dating back to 1987. The company specialises in the production of wooden pallets and crates that are durable and custom designed. They also recycle, creating a synergy toward becoming more sustainable in logistics and what they offer clients for shipping solutions. They provide services to nearly every industry, automotive and consumer goods included, for streamlined and on-time shipping solutions for clients.
Other market players include ORBIS Corporation and Kamps Inc., among others.
September 2024
UFP Packaging expanded the ISO 9001 certification across 10 locations, with 14 more planned by 2025 to further improve product quality and align with growth and customer satisfaction goals.
June 2024
PalletOne has launched a redeployment program of automated pallet assembly machines to provide enhanced pallet solutions to customers across the country following its coast-to-coast expansion as the premier wood pallet builder for UFP Packaging.
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North America Pallet Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The North America pallet market attained a value of USD 26,031.60 million in 2023.
The market is projected to grow at a CAGR of 5% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 reach a value of USD 40,294.48 million by 2032.
The surging demand for pallets in storage and warehouses and the robust growth of the e-commerce sector are the major market drivers.
Surging R&D activities to integrate technological features like RFID in multi-use pallets and the growing demand for sustainably produced wooden pallets are the key trends propelling the market demand.
The major regional markets of pallet in North America are Canada and the United States of America.
The several pallet types considered in the market report are wood, plastic, metal, and corrugated paper.
The significant applications of pallet are food and beverages, chemicals and pharmaceuticals, machinery and metal, agriculture, and construction, among others.
The major segments based on the structural design of pallet are block and stringer, among others.
The major players in the North America pallet market are PalletOne Inc., Herwood Inc, John Rock, Inc., TMF Corporation, ORBIS Corporation, and Kamps Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Structural Design |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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