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Pallet Market size was over USD 71.98 billion in 2024 and is anticipated to cross USD 139.13 billion by 2037, growing at more than 5.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of pallet is assessed at USD 75.16 billion.
The growth of the market can be attributed to the growing demand for reliable packaging solutions amongst the end-users. Pallets are being increasingly used for bulk packaging as it keeps the products in position. Moreover, increasing international trade of various commodities, such as, dairy, cosmetics, chemicals, and electronic goods, among others, is estimated to increase the demand for safe packaging solutions, which, in turn, is estimated to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.2% |
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Base Year Market Size (2024) |
USD 71.98 billion |
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Forecast Year Market Size (2037) |
USD 139.13 billion |
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Regional Scope |
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The market is segmented by material into plastic, wood, plywood, cardboard, metal, and others, out of which, the plastic segment is anticipated to hold the largest share in the market during the forecast period, on account of easy availability of raw materials, along with the ease in recycling the material. Additionally, wooden pallets are easily perishable in hot and humid climatic conditions, which is estimated to promote the demand for plastic pallets.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Material |
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By End-User Industry
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Regionally, the global pallet market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Asia Pacific industry is expected to dominate majority revenue share by 2037, led by growing manufacturing industry in countries, such as, India, China, Vietnam, and Thailand. APAC region is the biggest exporter of various good, including smartphones and their parts, locomotives, cotton, spices, and pesticides among others, which is projected to boost the demand for packaging solutions. Moreover, growing use of pallets for storage of products, especially, fruits and vegetables, is anticipated to further drive the market growth.
North America Market Analysis
The market in North America region is estimated to hold a substantial share throughout the forecast period, owing to the increasing use of pallets in exportation of products, such as, pharmaceutical and cosmetics.
Author Credits: Abhishek Anil
Copyright © 2025 Research Nester. All Rights Reserved
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