According to a new report, published by KBV research, The Global Paper Pallet Market size is expected to reach $1.2 billion by 2031, rising at a market growth of 4.1% CAGR during the forecast period.
A paper pallet is used for transporting goods and materials, typically made entirely or predominantly from paper-based materials. Paper pallets are versatile packaging solutions for applications across various industries and logistical environments. Their lightweight construction, eco-friendly properties, and adaptability suit various uses. Paper pallets transport fruits, vegetables, and other fresh produce. They help maintain food safety and hygiene standards during transit.
The Corrugated pallets segment is registering a CAGR of 3.6 % during the forecast period. Corrugated pallets are significantly lighter than wooden or plastic pallets, leading to lower shipping costs. This makes them particularly attractive for industries where transportation costs are a major concern.
The Shipping & logistics segment led the Global Paper Pallet Market by End User in 2023; thereby, achieving a market value of $455.9 million by 2031. Paper pallets are significantly lighter than traditional wooden or plastic pallets, which reduces transportation costs. This is particularly advantageous in the shipping and logistics sector, where cost efficiency is critical.
The Up to 1 ton segment is growing at a CAGR of 3.5 % during the forecast period. Pallets with a load capacity of up to 1 ton are suitable for various industries, including food and beverage, pharmaceuticals, consumer goods, and electronics.
Full Report: https://www.kbvresearch.com/paper-pallet-market/
The Asia Pacific region dominated the Global Paper Pallet Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $439.5 million by 2031. The North America region is anticipated to grow at a CAGR of 3.4% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 3.7% during (2024 - 2031).
By Type
By End User
By Load Capacity
By Geography
Unique Offerings 
