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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
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 Market Players
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.
North America Pallet Market Report Snapshots
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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Key Questions Answered in the Report
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.
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