The Asia Pacific Pallets Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Pallet style refers to elements such as whether a pallet has a single or double face (single or both top and bottom deck) and whether it is reversible (either side can be used for the top deck) or non-reversible (having top and bottom deck but only one intended for use as a top deck). Pallet design also takes into account different bottom deck arrangements. A skid is another name for a single-faced pallet.
Pallet demand is predicted to skyrocket as the e-commerce industry continues to grow at an unprecedented rate. The COVID-19 pandemic has increased people's interest in e-commerce platforms, especially in nations like India, where it was previously less common. As a result of the increased use of e-commerce platforms, supply chains have been forced to create transportation and logistics in order to control the flow and cost of departing and incoming commodities. Online orders are smaller and more frequent, necessitating more assets for inventory management. As a result, there is a demand for pallets for e-commerce-based logistics, which propels the pallets market forward.
One of the primary factors of India's pallet market growth is the country's rising manufacturing industry. To boost manufacturing, the Indian government provides industry-specific subsidies. These steps are likely to have a positive impact on India's manufacturing sector. As the manufacturing industry grows, so will the production volumes of various products, which will have a direct impact on pallet demand. Furthermore, manufacturers and stakeholders are emphasizing the implementation of safer transportation modules for commodities and consumer goods, which is driving up pallet demand. Such factors are projected to boost the pallet market in India during the forecast period.
By 2030, India's internet shopper base would have grown to approximately 500-600 million people, making it the world's second-largest. In the last 13 years, India's internet penetration has risen dramatically, from 4.8 percent in 2008 to 61 percent in 2021. Tier 2+ cities will account for 88 percent of new online shoppers and $150 billion in incremental online retail GMV between CY20 and CY30. The rising e-commerce sector in India could also lead to higher demand for pallets market in the upcoming years.
The China market dominated the Asia Pacific Pallets Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,315.8 million by 2028. The Japan market is poised to grow at a CAGR of 4.4% during (2022 - 2028). Additionally, The India market would display a CAGR of 5.8% during (2022 - 2028).
Based on Material, the market is segmented into Wood, Plastic via Injection Molding, Plastic via Other Methods, Corrugated Paper, and Metal. Based on Type, the market is segmented into Stackable, Nestable, Rackable, and Display. Based on Application, the market is segmented into Non-rental and Rental. Based on End-use, the market is segmented into Food & Beverages, Chemical, Retail, Pharmaceutical, and Others. Based on countries, the market is segmented into China, Japan, India, Australia, South Korea, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Pallets Market is Projected to reach USD 104.4 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Brambles Limited, Schoeller Allibert B.V., UFP Industries, Inc., Cabka Group GmbH, Rehrig Pacific Holding, Inc., Craemer Holding GmbH, Menasha Corporation, Loscam International Holdings Co., Ltd., Millwood, Inc., and Falkenhahn AG.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Wood
- Plastic via Injection Molding
- Plastic via Other Methods
- Corrugated Paper
- Metal
By Type
- Stackable
- Nestable
- Rackable
- Display
By Application
By End Use
- Food & Beverages
- Chemical
- Retail
- Pharmaceutical
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Brambles Limited
- Schoeller Allibert B.V.
- UFP Industries, Inc.
- Cabka Group GmbH
- Rehrig Pacific Holding, Inc.
- Craemer Holding GmbH
- Menasha Corporation
- Loscam International Holdings Co., Ltd.
- Millwood, Inc.
- Falkenhahn AG
TABLE 1 Asia Pacific Pallets Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Pallets Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Pallets Market
TABLE 4 Product Launches And Product Expansions– Pallets Market
TABLE 5 Acquisition and Mergers– Pallets Market
TABLE 6 Geographical Expansions – Pallets Market
TABLE 7 Asia Pacific Pallets Market by Material, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Pallets Market by Material, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Wood Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Wood Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Plastic via Injection Molding Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Plastic via Injection Molding Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Plastic via Other Methods Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Plastic via Other Methods Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Corrugated Paper Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Corrugated Paper Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Metal Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Metal Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Pallets Market by Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Pallets Market by Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Stackable Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Stackable Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Nestable Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Nestable Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Rackable Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Rackable Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Display Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Display Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Pallets Market by Application, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Pallets Market by Application, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Non-rental Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Non-rental Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Rental Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Rental Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Chemical Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Chemical Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific Pallets Market by Country, 2018 - 2021, USD Million
TABLE 48 Asia Pacific Pallets Market by Country, 2022 - 2028, USD Million
TABLE 49 China Pallets Market, 2018 - 2021, USD Million
TABLE 50 China Pallets Market, 2022 - 2028, USD Million
TABLE 51 China Pallets Market by Material, 2018 - 2021, USD Million
TABLE 52 China Pallets Market by Material, 2022 - 2028, USD Million
TABLE 53 China Pallets Market by Type, 2018 - 2021, USD Million
TABLE 54 China Pallets Market by Type, 2022 - 2028, USD Million
TABLE 55 China Pallets Market by Application, 2018 - 2021, USD Million
TABLE 56 China Pallets Market by Application, 2022 - 2028, USD Million
TABLE 57 China Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 58 China Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 59 Japan Pallets Market, 2018 - 2021, USD Million
TABLE 60 Japan Pallets Market, 2022 - 2028, USD Million
TABLE 61 Japan Pallets Market by Material, 2018 - 2021, USD Million
TABLE 62 Japan Pallets Market by Material, 2022 - 2028, USD Million
TABLE 63 Japan Pallets Market by Type, 2018 - 2021, USD Million
TABLE 64 Japan Pallets Market by Type, 2022 - 2028, USD Million
TABLE 65 Japan Pallets Market by Application, 2018 - 2021, USD Million
TABLE 66 Japan Pallets Market by Application, 2022 - 2028, USD Million
TABLE 67 Japan Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 68 Japan Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 69 India Pallets Market, 2018 - 2021, USD Million
TABLE 70 India Pallets Market, 2022 - 2028, USD Million
TABLE 71 India Pallets Market by Material, 2018 - 2021, USD Million
TABLE 72 India Pallets Market by Material, 2022 - 2028, USD Million
TABLE 73 India Pallets Market by Type, 2018 - 2021, USD Million
TABLE 74 India Pallets Market by Type, 2022 - 2028, USD Million
TABLE 75 India Pallets Market by Application, 2018 - 2021, USD Million
TABLE 76 India Pallets Market by Application, 2022 - 2028, USD Million
TABLE 77 India Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 78 India Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 79 Australia Pallets Market, 2018 - 2021, USD Million
TABLE 80 Australia Pallets Market, 2022 - 2028, USD Million
TABLE 81 Australia Pallets Market by Material, 2018 - 2021, USD Million
TABLE 82 Australia Pallets Market by Material, 2022 - 2028, USD Million
TABLE 83 Australia Pallets Market by Type, 2018 - 2021, USD Million
TABLE 84 Australia Pallets Market by Type, 2022 - 2028, USD Million
TABLE 85 Australia Pallets Market by Application, 2018 - 2021, USD Million
TABLE 86 Australia Pallets Market by Application, 2022 - 2028, USD Million
TABLE 87 Australia Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 88 Australia Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 89 South Korea Pallets Market, 2018 - 2021, USD Million
TABLE 90 South Korea Pallets Market, 2022 - 2028, USD Million
TABLE 91 South Korea Pallets Market by Material, 2018 - 2021, USD Million
TABLE 92 South Korea Pallets Market by Material, 2022 - 2028, USD Million
TABLE 93 South Korea Pallets Market by Type, 2018 - 2021, USD Million
TABLE 94 South Korea Pallets Market by Type, 2022 - 2028, USD Million
TABLE 95 South Korea Pallets Market by Application, 2018 - 2021, USD Million
TABLE 96 South Korea Pallets Market by Application, 2022 - 2028, USD Million
TABLE 97 South Korea Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 98 South Korea Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 99 Malaysia Pallets Market, 2018 - 2021, USD Million
TABLE 100 Malaysia Pallets Market, 2022 - 2028, USD Million
TABLE 101 Malaysia Pallets Market by Material, 2018 - 2021, USD Million
TABLE 102 Malaysia Pallets Market by Material, 2022 - 2028, USD Million
TABLE 103 Malaysia Pallets Market by Type, 2018 - 2021, USD Million
TABLE 104 Malaysia Pallets Market by Type, 2022 - 2028, USD Million
TABLE 105 Malaysia Pallets Market by Application, 2018 - 2021, USD Million
TABLE 106 Malaysia Pallets Market by Application, 2022 - 2028, USD Million
TABLE 107 Malaysia Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 108 Malaysia Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Pallets Market, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Pallets Market, 2022 - 2028, USD Million
TABLE 111 Rest of Asia Pacific Pallets Market by Material, 2018 - 2021, USD Million
TABLE 112 Rest of Asia Pacific Pallets Market by Material, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific Pallets Market by Type, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific Pallets Market by Type, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Pallets Market by Application, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Pallets Market by Application, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 119 Key Information – Schoeller Allibert B.V.
TABLE 120 Key Information – UFP Industries, Inc.
TABLE 121 Key Information – Cabka Group GmbH
TABLE 122 Key Information – Brambles Limited
TABLE 123 Key Information – Rehrig Pacific Holdings, Inc.
TABLE 124 Key Information – Craemer Holding GmbH
TABLE 125 Key Information – Menasha Corporation
TABLE 126 Key Information – Loscam International Holdings Co., Limited
TABLE 127 Key Information – Millwood, Inc.
TABLE 128 Key Information – Falkenhahn AG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, May) Leading Players
FIG 5 Recent strategies and developments: Craemer Holding GmbH
FIG 6 Recent strategies and developments: Menasha Corporation