CHEP (A subsidiary of Brambles), Greif, and UFP INDUSTRIES, Inc. have Dominated the Global Lumber Pallet Market in 2020

The Global Lumber Pallet Market is expected to grow at a CAGR of 6.1% during the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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The global lumber pallet market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

Major players operating in the global lumber pallet market are introducing strong range of product portfolio. This has helped companies to maximize sales with enhanced product portfolio.

For instance,

  • In June 2017, HG Timber Ltd. added its 4th Viking 2-way production line to meet the increasing demand for 2 way pallets. Due to this, the company could manufacture close to 27 loads of 2-way pallets every week on a single shift
  • In May 2017, Falkenhahn AG launched WORLD CombiLog, which integrates three tried and tested technologies into fully automatic serial production of the 800x1000 mm Europallets. This development has helped the company in improving its product portfolio

CHEP (A subsidiary of Brambles) is the dominating player and the other players in the market are Greif, UFP Industries, Inc., PALLETBIZ, PGS Group, UAB Vigidas Pack, LOSCAM, JGD Pallets, Palcon LLC, Falkenhahn AG, Conquest Joinery, SandS Box and Pallet Manufacturers, Imperial Timber, HG Timber Ltd., Johannesburg Timber and Box, Premier Pallets, Inc., Rowlinsons Packaging Ltd., Christies Industries among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Lumber Pallet MarketCHEP (A Subsidiary of Brambles)

CHEP (A Subsidiary of Brambles), headquartered in Georgia, the U.S. which was founded in 1949 as a private ownership. The company manufactures pallets and containers for different applications. It has a wide product category containers, pallets, and RPCs out of which the focused product category is Pallets. In addition, the company has wide global presence across the Americas, the Middle East and Africa, Asia-Pacific, and Europe.

  • In October 2018, CHEP signed a long-term agreement with National Beef, America’s Premium Beef Company, a beef producer with used CHEP pallets at its Kansas processing location in Dodge City and Liberal. With this development, the company has expanded its supply chain.

Greif

Greif is headquartered in Ohio, the U.S. and was founded in 1877 as a public ownership. The company manufactures packaging accessories and offers filling, packaging, and other services. It has business segments including rigid industrial packaging & services, paper packaging & services, flexible products & services and land management under which Rigid Industrial Packaging & Services is the market focus category. The company offers a wide range of product categories, such as steel drums, intermediate bulk containers, plastic drums, jerrycans, water bottles, fiber drums, reconditioning & recycling, corrugated sheets, corrugated specialty products, big bags, container liners, packaging & logistics, packaging closures, land management, coated recycled paperboard, containerboard, URB & specialty converting, protective packaging, adhesives, construction products, tubes & cores, and green tool, under which intermediate bulk containers is market focused category. The company has presence in North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.

  • In 2020 February, Greif expanded its facilities in the food and beverage industry and invested in food safety technology, equipment, and materials. In addition, it strives for the highest certifications in food safety. This update has helped the company boost its production and handle the rising demand.

UFP Industries, Inc.

UFP Industries, Inc. is headquartered in Michigan, the U.S. and was founded in 1955 as a public ownership. The company is engaged in supplying products for retail, construction, and industrial markets. Its business segments include industrial, retail solutions, and construction under which industrial segment is our market focus category. The company offers various products including agriculture bins and boxes, agricultural, horticulture & growers products, bedding, cabinet components, corrosion resistance lumber, crates and boxes, fiber/core, furniture components, glass crates, hard cases, lamination, landscape products, milling, moving and storage, pallets, pre-finishing, shed products, skids, steel carts and racks, steel packaging, and trailer products out of which pallets is market focused segment. The company has wide global presence in North America, Europe, Asia, and Australia.

For instance,

  • In December 2020, UFP Industries Inc. decided to acquire PalletOne, strengthening its position as the nation’s preferred supplier of industrial packaging and pressure-treated lumber. This has helped the company manufacture new pallets, provide pallet repair programs, recycle used pallets, and produce various other wooden products.