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Tuesday, February 15, 2022

North America Pallet Market to be Driven at a CAGR of 4.4% in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘North America Pallet Market Report and Forecast 2022-2027’, gives an in-depth analysis of the North America pallet market, assessing the market based on its segments like type, application, structural design, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): 2.41 billion units
  • Forecast CAGR (2022-2027): 4.4%
  • Forecast Market Size (2027): 3.12 billion units

The growth of the North America pallet market if driven by the increase in online shopping platforms. The e-commerce sector saw a robust growth owing to the covid-19 lockdown in 2021 thereby bolstering the pallet demand from storage and warehousing facilities. Additionally, the market if further fuelled by the rising demand for sustainably produced wooden pallets. Moreover, the government initiatives such as North American Pallet Recycling Network, for promoting the use of reusable and recycled is projected to provide growth opportunities over the forecast period.

Industry Definition and Major Segments

A pallet refers to a platform or support made from plastics, metal, wood, or corrugated paper. It is a form of tertiary packaging and finds application primarily in logistics and warehousing. It is used for storing, transporting, and managing heavy load.

Explore the full report with the table of contents@

On the basis of type, the market is segmented into:

Based on application, the market is categorised into:

  • Food and Beverage
  • Chemicals and Pharmaceuticals
  • Machinery and Metal
  • Construction
  • Other

On the basis of structural design, the market is divided into:

  • Block
  • Stringer
  • Others

The regional markets for North America Pallet include:

  • Canada
  • United States of America

Market Trends

The North American wood pallet market is anticipated to be dominated by the wood pallet segment owing to it cheaper production cost. However, the plastic pallet segment witnessed a rapid growth amidst covid-19 pandemic. The plastic pallets can be washed and sanitised multiple times without damaging its structural integrity, thus, aiding the growth. Additionally, the stringent government regulations for food transport led to increased plastic pallet deployment in food and beverage sector thereby, propelling the market further.

Key Market Players

The major players in the market are PalletOne Inc., Herwood Inc., John Rock Inc., Pallet USA, TMF Corporations and a few others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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