1. Market Research
  2. > Transportation
  3. > Logistics and Freight Market Trends
  4. > World Pallets Market

World Pallets Market

  • February 2014
  • -
  • Freedonia
  • -
  • 357 pages

Summary

Table of Contents

Global sales to climb nearly 5% annually through 2017

Worldwide sales of pallets are projected to climb nearly five percent per annum through 2017 in unit terms, representing an acceleration from the relatively sluggish pace of the 2007-2012 period. A pickup in manufacturing activity will spur across-the-board gains, especially in large, mature regional markets like North America and Western Europe. Demand in value terms will grow seven percent per annum, stimulated by overall increases in unit sales, as well as by a shift in the product mix toward higher-priced plastic pallets. The number of pallets in use will rise at roughly the same rate as unit demand through 2017. Growth will be driven by increased sales in developed markets and by increased usage of used pallet dealers and pallet management specialists. This will mean that fewer pallets are discarded each year, increasing the number of pallets in use. The accumulation of longer-lived plastic and metal pallets in stocks will also play a role.

China to be fastest-growing national market for pallets

In industrializing countries, production output will not be the sole driver of market growth. In these nations, pallet utilization is typically limited relative to the size of their manufacturing, warehousing, and construction sectors. Going forward, greater numbers of potential pallet users in these sectors will strive to become more competitive on a global scale by improving operating efficiencies and reducing product damage in shipments through the use of pallets. The Asia/Pacific region, led by China, will
post the strongest unit sales increases of any regional market, averaging more than seven percent annually through 2017. China will experience the largest gains of
any national market in the world and will account for one-fifth of all unit demand in 2017. Sales gains across the region will be fueled by climbing manufacturing activity and increased adoption of pallets in developing areas.

Plastic pallets to lead gains

Demand for plastic pallets will grow the fastest of any product type in most national markets through 2017. Users will increasingly select these pallets over other types because they can be easily cleaned, lending themselves to use in food and beverage and other applications where product contamination must be minimized. They also last for many years and are resistant to damage during normal use. Additionally, their recyclability and ability to be produced from recycled materials will be attractive to users seeking to raise the perceived environmental friendliness of their products. However, wood pallets will continue to dominate product sales in most areas, representing nine-tenths of 2017 global unit demand.

Food & beverages to remain largest market

Sales of pallets to the construction and other miscellaneous market applications will grow the fastest in percentage terms, albeit from a relatively small sales base. Gains will be stimulated by a recovery in construction activity in many parts of the world following a period of decline. While pallet sales to manufacturers of products other than food and beverages will rise the most in unit terms, sales to food and beverage manufacturers will remain the biggest single market in 2017, accounting for over half of world pallet demand.

Study coverage

Details on these and other findings are contained in World Pallets, an upcoming Freedonia industry study priced at $6100. It presents historical demand data (2002, 2007, 2012) plus forecasts for 2017 and 2022 by material type, market, world region and 25 major countries. The study also assesses market environment factors, examines industry structure and profiles global competitors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Transportation Equipment Rental and Leasing Services, Including Aircraft, Engines, Shipping Containers and Pallets Industry: Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2023, NAIC 532411

Transportation Equipment Rental and Leasing Services, Including Aircraft, Engines, Shipping Containers and Pallets Industry: Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2023, NAIC 532411

  • $ 1995
  • Industry report
  • January 2017
  • by Plunkett Research

Transportation Equipment Rental and Leasing Services, Including Aircraft, Engines, Shipping Containers and Pallets Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts ...

Global Database of the Top 1000 Wood Container and Pallet Producers

Global Database of the Top 1000 Wood Container and Pallet Producers

  • $ 652
  • Industry report
  • February 2017
  • by Global Research & Data Services

This company database offers valuable information on the top 1000 wood container and pallet producers in the world proving an invaluable resource for industry executives, marketing, sales and product managers, ...

X-ray Baggage, Cargo, People, Container & Vehicle Screening Systems: Global Market – 2017-2021

X-ray Baggage, Cargo, People, Container & Vehicle Screening Systems: Global Market – 2017-2021

  • $ 4450
  • Industry report
  • March 2017
  • by Homeland Security Research Corporation (HSRC)

X-Ray Security Screening System Market Segmented Into 240 Submarkets. European Market: 2015-2021 CAGR: 12.4% Against the backdrop of doom and gloom predictions by some managers and analysts, we forecast ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.