Europe Lumber Pallet Market, By Product Type (Stringer Lumber Pallets, Block Lumber Pallets, Double Face Pallets, Double Wing Pallets, and Others), Wood Type (Softwood and Hardwood), Size (800x1200 mm, 1000x1200 mm, 800x600 mm, 914x914 mm, 1118x1118 mm, 1200x1000 mm, and Others), Distribution Channel (Offline and Online), End-User (Food & Beverages, Pharmaceuticals, Chemicals, Retail, Automotive, and Others), Country (Germany, U.K., France, Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Europe Lumber Pallet Market
Europe lumber pallet market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.5% in the forecast period of 2021 to 2028and expected to reach USD 4,768,718.43 million by 2028.
A lumber pallet is a flat, portable, and rigid platform that is made of wood. It is primarily used to carry heavy loads of goods and materials. Lumber pallets are also used to pile up, store, assemble and transport goods. These pallets improve operational efficiency in warehouses by allowing easy movement of stocked goods. As the goods placed on these pallets are much heavier, it could be combined with the use of machinery or tools such as forklifts and pallet jacks to make the transport smoother and easier.
Lumber pallets have the highest rate of recycling than any other pallets. As a natural resource, the wooden pallets are considered sustainable as it requires very less energy to be produced and does not have any carbon footprints. Lumber for pallets are harvested from the most amply prolific trees. The wood taken from the trees are used for a wide range of purposes. As wood can be recycled, recycling wooden pallets is obvious.
Lumber pallet market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Lumber Pallet Market Scope and Market Size
Europe lumber pallet market is segmented into product type, wood type, size, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into stringer lumber pallets, block lumber pallets, double face pallets, double wing pallets and others. The demand for stringer lumber pallet is more due to its recycling ability which makes this segment dominate the region.
- On the basis of wood type, the market is segmented into softwood and hardwood. The demand for softwood is increasing as they possess high strength-to-weight ratio which makes softwood dominate the region.
- On the basis of size, the market is segmented into 800x1200 mm, 1000x 1200 mm, 800x600 mm, 914x914 mm, 1118x1118 mm, 1200x1000 mm and others. The 800x1200 mm segment is dominating due to the enhanced efficiency that it offers during transport and storage which makes 800x1200 mm lumber pallet dominate the region.
- On the basis of distribution channel, the market is segmented into offline and online. The offline channel is dominating as they provide better convenience to the customers which makes the offline segment dominate this region.
- On the basis of end-user, the market is segmented into food & beverages, pharmaceuticals, chemicals, retail, automotive and others. Food & beverages segment is dominating due to the high protection that it provides to various food products which makes this segment dominate the region.
Lumber Pallet Market Country Level Analysis
Europe market is analysed and market size information is provided by product type, wood type, size, distribution channel and end-user as referenced above.
The countries covered in Europe lumber pallet market report are Germany, U.K., France, Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland and Rest of Europe.
- In Europe lumber pallet, Germany market is dominating the market due to high usage of lumber pallets in shipping industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Lumber Pallet Industry
Europe lumber pallet market also provides you with detailed market analysis for every country growth in installed base of different kind of products for lumber pallet market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the lumber pallet market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Lumber Pallet Market Share Analysis
Europe lumber pallet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe lumber pallet market.
The major players covered in the report are PALLETBIZ, UAB Vigidas Pack, PGS Group, Falkenhahn AG, UFP Industries, Inc., Grief, Conquest Joinery, HG Timber Ltd., Rowlinsons Packaging Ltd. and other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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 more and new pallets, provide pallet repair programs, recycle used pallets, and produce various other wooden products
Partnership, joint ventures, and other strategies enhance the company market share with increased coverage and presence. They also benefit the organisations and improve their offerings of lumber pallet through expanded range of size.
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