- Pallet is a type of packaging calculated precisely for transport and shipment. The products that they deal with are precisely built for safety, storage and transport, involving conveyors, forklifts and pallet jackets.
- It is part of a tertiary packaging that is utilized in the supply chain as a base for products. Usually, they are made of materials for example wood, plastic, paper and metal. The advancement of this need is determined by the growing of the development and mechanisation.
- Asia-Pacific dominates the pallets packaging market with the largest revenue share of 33.13% in 2024, characterized by government initiatives promoting sustainable packaging solutions and the expansion of end-use industries such as food & beverages, electronics, and pharmaceuticals.
- Asia-Pacific is expected to be the fastest growing region in the pallets packaging market during the forecast period due to rapid industrialization, increasing environmental awareness, and supportive policies
- The wood segment is expected to dominate the pallets packaging market with a market share of 48.1% in 2024, driven by its cost-effectiveness, high durability, and widespread use in logistics, warehousing, and industrial packaging
