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Report Overview
The global pallet market size reached a value of about USD 97.07 Billion in 2024. The market is further expected to grow at a CAGR of about 5.70% in the forecast period of 2025-2034. The market is anticipated to reach a value of nearly USD 168.98 Billion by 2034. The global pallet market is witnessing consistent growth as the demand for cost-effective and sustainable logistics increases. The growth of ecommerce has largely driven the use of pallets in warehousing and transportation since companies need to transport goods efficiently. Wood pallets are still the most popular type because they are affordable and readily available. Automation in manufacturing and supply chain automation are further driving the market expansion. The market will expand at a significant growth rate (CAGR), led by the food & beverage (F&B) segment and also as sustainable pallet solution advances.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The expansion of global trade, the robust growth of the e-commerce sector, and the growing need for efficient storage and transport solutions are boosting the pallet market revenue. In 2022, total pallet volumes reached 29.2 million, an increase of 8.2% from 2019. This increase in pallet volumes is also boosting the popularity of pallet pooling systems and rental services.
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The rapid growth of the e-commerce sector and the increasing volume of goods transported are driving the demand for pallets, which are critical in the storage, handling, and transportation of goods. As per the India Brand Equity Foundation, the Indian e-commerce sector is projected to reach USD 325 billion by 2030. With e-commerce requiring the transportation of various goods, ranging from electronics to food items, the demand for customised pallets that suit different product categories is increasing.
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Companies are increasingly utilising data analytics by optimising their pallet operations, ranging from route planning to warehouse management. This enables them to track pallet movements in real-time and reduce bottlenecks avoid stockouts or overstocking of pallets while improving operational efficiency and enhancing pallet traceability.
Pallet Market Report Snapshots
*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 global pallet market size reached a value of about USD 97.07 Billion in 2024.
The market is projected to grow at a CAGR of nearly 5.70% in the forecast period of 2025-2034.
The market is estimated to reach a value of nearly USD 168.98 Billion by 2034.
The market is driven by ecommerce growth, automation in logistics, sustainability initiatives, increasing international trade, and demand for cost-effective material handling solutions.
Investments in research and development activities to incorporate advanced technologies into pallet development and increasing internet penetration are the key trends aiding the market.
The major regions include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market is segmented into wood, plastic, metal, and corrugated paper pallets.
The market is categorized into block pallets and stringer pallets.
The key applications include food & beverages, chemicals & pharmaceuticals, machinery & metal, and construction.
The leading companies include Brambles Limited, Rehrig Pacific Company, CABKA Group, ORBIS Corporation, Falkenhahn AG, and Craemer Holding GmbH, among others.
COVID-19 accelerated ecommerce demand, disrupted supply chains, increased raw material costs, and boosted the adoption of automated warehousing solutions.
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