Wood Pallet Market Scope
Wood pallet is a flat platform on which goods are stored. Wood pallet help to lift and moving by using a forklift truck. It is made of numerous cuts of wood and they are discarded when their use. It is used in godowns for storing goods during the shipping process. Pallets and luggage can move around the warehouse and arrange them in a neat manner. Wood pallets are particularly useful in storing and transportation of heavy material and hence it is witnessing huge demand from number of industries. In addition, it is further used for decoration purposes. It is also used in home & room decoration with some innovative styles. Thus, the demand for wood pallet has been increased owing to their wide applicability.
The Wood Pallet market study is segmented by Type (Block Pallets, Stringer Pallets, Double-Face Pallet and Solid Deck Pallet), by Application (Logistics & Transportation, Manufacturing Enterprise and Others) and major geographies with country level break-up.
The market of wood pallet is expected to grow with rising demand from number of end use industries. Several companies are operating in the market to provide wood pallet with excellent quality. The market is highly fragmented with the presence of several market players. Additionally, many local vendors are entering to market owing to huge demand. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Wood Pallet market throughout the predicted period.
UFP Industries, Inc. (United States), CHEP (Australia), PalletOne, Inc. (United States), Kamps Pallets (United States), Inka Paletten GmbH (Germany), Falkenhahn AG )Germany), Millwood (United States), United Pallet Services, Inc. (United States), Pacific Pallets Pvt. Ltd. (India) and Shur-way Industries, Inc. (Canada) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Wood Pallet market by Type, Application and Region.
On the basis of geography, the market of Wood Pallet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In September 2019, Universal Forest Products, Inc. has announced that one of its affiliates has acquired Hartford, Wisconsin-based Pallet USA, LLC. The acquisition expands Universal’s industrial production capacity and services in the Midwest.
In November 2020, National Wooden Pallet & Container Association (NWPCA) and the Pallet Foundation has presented an Environmental Product Declaration for United States. They declared the environmental attributes of wooden pallets for the supply chain and procurement industries. Thus, with this declaration, wooden pallet has gained an approval with considering all environmental attributes.
Market Trend
- High Demand for Wooden Products
Market Drivers
- Increased Applications of Wood Pallets in Various Industries
- Increasing Needs in Packaging and Shipping Needs
Opportunities
- Increasing Demand for Wood Pallets across the Industry Verticals across the Globe
- Growing Demand from Food Industry
Restraints
- Fluctuations in the Raw Material Prices
Challenges
- Government Rules and Regulations about Environmental Issues
Key Target Audience
Wood Pallet Manufacturers, Raw Material Suppliers, Distributors and End-users
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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