The global lumber pallet market refers to the industry encompassing the production, distribution, and consumption of wooden pallets on a worldwide scale. Lumber pallets, often made from hardwood or softwood, serve as crucial components in logistics and supply chain operations. They provide a sturdy and versatile platform for transporting goods across various industries, including manufacturing, retail, and agriculture. As the global economy evolves, the lumber pallet market adapts to meet the changing needs of diverse industries, making it an integral part of modern logistics and material handling systems.
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Data Bridge Market Research analyses that the Global Lumber Pallet Market which was USD 8.44 billion in 2022, is expected to reach USD 13.86 billion by 2030, and is expected to undergo a CAGR of 6.1% during the forecast period of 2023 to 2030. Increasing environmental awareness propels industries to prioritize sustainable packaging. Lumber pallets, crafted from responsibly sourced wood or recycled materials, resonate with eco-friendly initiatives. This alignment addresses the demand for greener solutions, supporting both environmentally conscious practices and the global push for sustainable supply chain management.
Key Findings of the Study
Growing e-commerce sector is expected to drive the market's growth rate
The growing e-commerce sector, marked by a surge in online shopping, intensifies the need for sturdy pallets. As goods traverse intricate supply chains, reliable pallets play a pivotal role in ensuring seamless logistics. The demand for robust pallets aligns with the dynamic nature of e-commerce, where timely and secure transportation of products is paramount. This trend underscores the critical role that pallets play in supporting the efficiency and reliability of modern e-commerce operations.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Stringer Lumber Pallets, Block Lumber Pallets, Double Face Pallets, Double Wing Pallets, and Others), Wood Type (Softwood, and Hardwood), Size (800 x 1200 mm, 1000 x 1200 mm, 800 x 600 mm, 914 x 914 mm, 1118 x 1118 mm, 1200 x 1000 mm, and Others), Distribution Channel (Offline, and Online), End-User (Food and Beverages, Pharmaceuticals, Chemicals, Retail, Automotive, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa
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Market Players Covered
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CHEP (A subsidiary of Brambles) (Australia), Greif (U.S.), UFP Industries, Inc. (U.S.), PALLETBIZ (Germany), PGS Group (France), UAB Vigidas Pack (Lithuania), LOSCAM (Australia), JGD Pallets (U.K.), Palcon LLC (U.S.), Falkenhahn AG (Germany), Conquest Joinery (U.K.), SandS Box and Pallet Manufacturers (U.S.), Imperial Timber (U.K.), HG Timber Ltd. (U.K.), Johannesburg Timber and Box (South Africa), Premier Pallets, Inc. (U.S.), Rowlinsons Packaging Ltd. (U.K.), and Christies Industries (U.K.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global lumber pallet market is segmented on the basis of product type, wood type, size, distribution channel and end-user.
- On the basis of product type, the global lumber pallet market is segmented into block lumber pallets, stringer lumber pallets, double face pallets, double wing pallets, and others. The stringer lumber pallets segment is expected to dominate the global lumber pallet market with a 32.39% market share as they provide additional reinforcement to the products which increases its demand globally
The stringer lumber pallets segment is expected to dominate the global lumber pallet market
Stringer lumber pallets segment is expected to dominate the global lumber pallet market with a 32.39% market share as they provide additional reinforcement to the products which increase its demand globally. Moreover, its recycling ability and its property to be easily picked up using a forklift also boost the global demand.
- On the basis of wood type, global lumber pallet market is segmented into softwood and hardwood. Softwood segment is expected to dominate the global lumber pallet market with a 60.55% market share as it offers higher consistency in weight than hardwoods. Additionally, they possess a high strength-to-weight ratio and they prevent all kinds of contamination
- On the basis of size, the global lumber pallet market can be segmented into 800x1200 mm, 1000x1200 mm, 800x600 mm, 914x914 mm, 1118x11118 mm, 1200x1000 mm, and others. 800x1200 mm is expected to dominate the Market with 26.41% market share as it provide high operational productivity which increases its demand in the global Market due to the enhanced efficiency that it offers during transport and storage which makes 800x1200 mm lumber pallet dominate the region. Moreover, its ability to improve product presentation and the consistent quality and dimensional accuracy that it offers makes the 800x1200 mm segment dominate the region
- On the basis of distribution channel, the global lumber pallet market is segmented into offline and online. The offline segment is expected to dominate the global lumber pallet market with a 59.06% market share as it reduces the number of pallet damages and returns which increases its demand in the global Market. Moreover, they provide better convenience to the customers and also help to establish a personal connection with manufacturers which makes this segment dominate the region
- On the basis of end-user, global lumber pallet market is segmented into food and beverages, chemicals, pharmaceuticals, construction, automotive, retail, and others. The food and beverages segment is expected to dominate the global lumber pallet market with a 25.27% market share as it helps to ensure high standards and requirements of food products which increases its demand in the global market
The food and beverages segment is expected to dominate the global lumber pallet market
The food and beverages segment is expected to dominate the global lumber pallet market, with a 25.27% market share as it helps to ensure high standards and requirements of food products which increases its demand in the global market. Moreover, the high protection it provides to various food products makes this segment dominate the region. Moreover, its high load-bearing capacity which makes the food and beverages segment dominate the region.
Major Players
Data Bridge Market Research recognizes the following companies as the global lumber pallet market players in global lumber pallet market are Conquest Joinery (U.K.), SandS Box and Pallet Manufacturers (U.S.), Imperial Timber (U.K.), HG Timber Ltd. (U.K.), Johannesburg Timber and Box (South Africa), Premier Pallets, Inc. (U.S.), Rowlinsons Packaging Ltd. (U.K.), and Christies Industries (U.K.)
Market Developments
- In September 2022, ArbaBlox, a leading engineered wood products company, invested $51.34 million in its inaugural state-of-the-art pallet block manufacturing plant in Winona, Mississippi. The facility aims to pioneer the production of composite wood pallet blocks utilizing sawmill residuals from a nearby source, with plans for future expansions. This strategic initiative, backed by the Mississippi Development Authority and local authorities, is expected to generate 41 jobs, supplying composite wood pallets to diverse sectors, notably the food service industry. ArbaBlox CEO, Ed Milburn, expressed gratitude for community support and affirmed the company's commitment to local economic development
- In December 2021, Goedis, a supply chain provider, announced a five-year supply, management, and repair agreement with Unilode Aviation Solutions. Unilode provides Geodis with containers and pallets and a full range of ULD management solutions, including procurement, planning, logistics, repair, and digitalization
- In December 2021, Tritz Pallet, a company that also offers pallet recycling and full-service pallet solutions, was acquired by Kamps Inc., a pallet recycler and supplier. Kamps' physical footprint expands to over 40 asset-based locations, solidifying its presence in the Great Plains region
- In November 2021, Kraftpal, a manufacturer of durable lightweight and recyclable corrugated pallets, became one of the proponents of developing corrugated cardboard pallet designs that meet industry standards of legacy wooden pallets, with the goal of eliminating the use of wood in mainstream logistical pipelines. This move by Kraftpal is expected to set the stage for a paradigm shift toward sustainable solutions in the Market under consideration
Regional Analysis
Geographically, the countries covered in the global lumber pallet market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Europe is the dominant region in the global lumber pallet market during the forecast period 2023-2030
Europe dominates the global lumber pallet market, propelled by escalating production and consumption in the region. The rise of manufacturing and export activities contributes to the heightened demand for lumber pallets. With a robust industrial landscape, Europe's strategic position fosters the flourishing market, reflecting the region's pivotal role in shaping the dynamics of the global lumber pallet industry. This dominance is a testament to Europe's significant impact on the overall growth and trends in this market.
Asia-Pacific is estimated to be the fastest growing region in the global lumber pallet market for the forecast period 2023-2030
Asia-Pacific is expected to dominate the global lumber pallet market, experiencing the fastest growth from 2023 to 2030. This surge is attributed to the escalating demand for lumber pallets within the region's food and beverage industry. As the Asia-Pacific market expands, driven by the flourishing F&B sector, the need for reliable and efficient pallet solutions is set to soar, reflecting the pivotal role of lumber pallets in supporting the region's evolving supply chain and logistics demands.
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