A pallet, sometimes inaccurately called a skid (a skid has no bottom deck boards), is a flat transport structure that supports goods in a stable fashion while being lifted by a forklift, pallet jack, front loader, work saver, or other jacking device, or a crane. A pallet is the structural foundation of a unit load which allows handling and storage efficiencies. Goods or shipping containers are often placed on a pallet secured with strapping, stretch wrap or shrink wrap and shipped. Since its invention in the twentieth century, its use has dramatically supplanted older forms of crating like the wooden box and the wooden barrel, as it works well with modern packaging like cardboard boxes and Intermodal containers commonly used for bulk shipping. Most pallets are wooden pallets.

Market Analysis and Insights: Global Wood Pallet Market

Due to the COVID-19 pandemic, the global Wood Pallet market size is estimated to be worth US$ 8298.5 million in 2022 and is forecast to a readjusted size of US$ 10960 million by 2029 with a CAGR of 4.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, ISO Standard Wood Pallet accounting for % of the Wood Pallet global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Logistics & Transportation segment is altered to an % CAGR throughout this forecast period.

North America is the largest producer of Wood Pallet, with a market share about 44%, followed by Europe and Asia-Pacific. Brambles, Palletone, Pooling Partners, PGS and Millwood are the key manufacturers of industry, and Brambles had more than 45% market share.

Global Wood Pallet Scope and Market Size

The global Wood Pallet market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Wood Pallet market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


ISO Standard Wood Pallet

US Standard Wood Pallet

Europe Standard Wood Pallet

Others


Segment by Application


Logistics & Transportation

Manufacturing Enterprise

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


CHEP

PalletOne

Kamps Pallets

Inka-paletten

Pooling Partners

Falkenhahn AG

PECO

John Rock

Millwood

United Pallet Services

Pacific Pallet

Brambles

PGS

PKF/Post