The Latin America, Middle East and Africa Pallets Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Pallet manufacturers may be encouraged to produce pallets with radio frequency identification (RFID) tags and GPS sensors as a result of the adoption of new technologies in supply chains such as the Internet of Things (IoT), automation, and collaborative robots (cobots), which may open up new opportunities for pallets in the near future.
Plastic pallets are more expensive than wooden pallets. Active tracking devices, such as RFID tags and Bluetooth, as well as the Internet of Things (IoT), have enabled effective pallet tracking and greatly reduced pallet loss. As a result of the increased appeal of plastic pallets as a result of technological improvement, the market for plastic pallets is expected to grow in the coming years.
The UAE Economic Vision 2030 calls for increased industrial activity in order to promote long-term economic diversification. The government is aiming to boost the manufacturing sector's contribution to the overall GDP. The UAE's oil and gas industry has bolstered the country's economic growth and supplied it with significant funds to invest in other industries such as manufacturing. As a result, the UAE has never had to go through the speculative stages of development, such as a lack of cash, that most developed countries have had to go through.
The manufacturing industry is second only to the massive oil and gas market in terms of income owing to government backing. Many new manufacturing units have recently been established, and foreign direct investments have been welcomed. Currently, Abu Dhabi is concentrating on heavy industries due to its low-cost energy supplies, whilst Dubai and Sharjah are concentrating on light industries and service sectors. As the manufacturing sector grows in the region and UAE starts exporting more products to the rest of the world, the demand for pallets in the region is expected to grow.
The Brazil market dominated the LAMEA Pallets Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,974 million by 2028. The Argentina market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 5.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Pallets Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Pallets Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Pallets Market by Material, 2018 - 2021, USD Million
TABLE 8 LAMEA Pallets Market by Material, 2022 - 2028, USD Million
TABLE 9 LAMEA Wood Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Wood Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Plastic via Injection Molding Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Plastic via Injection Molding Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Plastic via Other Methods Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Plastic via Other Methods Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Corrugated Paper Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Corrugated Paper Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Metal Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Metal Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Pallets Market by Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Pallets Market by Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Stackable Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Stackable Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Nestable Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Nestable Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Rackable Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Rackable Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Display Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Display Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Pallets Market by Application, 2018 - 2021, USD Million
TABLE 30 LAMEA Pallets Market by Application, 2022 - 2028, USD Million
TABLE 31 LAMEA Non-rental Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Non-rental Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Rental Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Rental Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 36 LAMEA Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 37 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Chemical Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Chemical Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Pallets Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Pallets Market by Country, 2022 - 2028, USD Million
TABLE 49 Brazil Pallets Market, 2018 - 2021, USD Million
TABLE 50 Brazil Pallets Market, 2022 - 2028, USD Million
TABLE 51 Brazil Pallets Market by Material, 2018 - 2021, USD Million
TABLE 52 Brazil Pallets Market by Material, 2022 - 2028, USD Million
TABLE 53 Brazil Pallets Market by Type, 2018 - 2021, USD Million
TABLE 54 Brazil Pallets Market by Type, 2022 - 2028, USD Million
TABLE 55 Brazil Pallets Market by Application, 2018 - 2021, USD Million
TABLE 56 Brazil Pallets Market by Application, 2022 - 2028, USD Million
TABLE 57 Brazil Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 58 Brazil Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 59 Argentina Pallets Market, 2018 - 2021, USD Million
TABLE 60 Argentina Pallets Market, 2022 - 2028, USD Million
TABLE 61 Argentina Pallets Market by Material, 2018 - 2021, USD Million
TABLE 62 Argentina Pallets Market by Material, 2022 - 2028, USD Million
TABLE 63 Argentina Pallets Market by Type, 2018 - 2021, USD Million
TABLE 64 Argentina Pallets Market by Type, 2022 - 2028, USD Million
TABLE 65 Argentina Pallets Market by Application, 2018 - 2021, USD Million
TABLE 66 Argentina Pallets Market by Application, 2022 - 2028, USD Million
TABLE 67 Argentina Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 68 Argentina Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 69 UAE Pallets Market, 2018 - 2021, USD Million
TABLE 70 UAE Pallets Market, 2022 - 2028, USD Million
TABLE 71 UAE Pallets Market by Material, 2018 - 2021, USD Million
TABLE 72 UAE Pallets Market by Material, 2022 - 2028, USD Million
TABLE 73 UAE Pallets Market by Type, 2018 - 2021, USD Million
TABLE 74 UAE Pallets Market by Type, 2022 - 2028, USD Million
TABLE 75 UAE Pallets Market by Application, 2018 - 2021, USD Million
TABLE 76 UAE Pallets Market by Application, 2022 - 2028, USD Million
TABLE 77 UAE Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 78 UAE Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Pallets Market, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Pallets Market, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Pallets Market by Material, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Pallets Market by Material, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Pallets Market by Type, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Pallets Market by Type, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Pallets Market by Application, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Pallets Market by Application, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 89 South Africa Pallets Market, 2018 - 2021, USD Million
TABLE 90 South Africa Pallets Market, 2022 - 2028, USD Million
TABLE 91 South Africa Pallets Market by Material, 2018 - 2021, USD Million
TABLE 92 South Africa Pallets Market by Material, 2022 - 2028, USD Million
TABLE 93 South Africa Pallets Market by Type, 2018 - 2021, USD Million
TABLE 94 South Africa Pallets Market by Type, 2022 - 2028, USD Million
TABLE 95 South Africa Pallets Market by Application, 2018 - 2021, USD Million
TABLE 96 South Africa Pallets Market by Application, 2022 - 2028, USD Million
TABLE 97 South Africa Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 98 South Africa Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 99 Nigeria Pallets Market, 2018 - 2021, USD Million
TABLE 100 Nigeria Pallets Market, 2022 - 2028, USD Million
TABLE 101 Nigeria Pallets Market by Material, 2018 - 2021, USD Million
TABLE 102 Nigeria Pallets Market by Material, 2022 - 2028, USD Million
TABLE 103 Nigeria Pallets Market by Type, 2018 - 2021, USD Million
TABLE 104 Nigeria Pallets Market by Type, 2022 - 2028, USD Million
TABLE 105 Nigeria Pallets Market by Application, 2018 - 2021, USD Million
TABLE 106 Nigeria Pallets Market by Application, 2022 - 2028, USD Million
TABLE 107 Nigeria Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 108 Nigeria Pallets Market by End-use, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Pallets Market, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Pallets Market, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Pallets Market by Material, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Pallets Market by Material, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Pallets Market by Type, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Pallets Market by Type, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Pallets Market by Application, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Pallets Market by Application, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Pallets Market by End-use, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA 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