Summary

Pallets are essential tools for storage, handling, and transportation of goods across various industries, including food and beverage, pharmaceuticals, logistics, retail, and more. In the Middle East and Africa, the growth of the market is attributed to the increasing demand for pallets in various end-use industries, the rise of e-commerce and retail activities, and the growing need for efficient and safe material handling. In the Middle East and Africa region, wooden pallets are the most commonly used type of pallet, followed by plastic and metal pallets. However, there is a growing trend towards sustainable and eco-friendly pallets, which has led to an increased demand for pallets made from recycled materials such as recycled plastic and wood. Furthermore, the pallet market in the Middle East and Africa is highly fragmented; with many small and large players operating in the market. Some of the key players in the market include Brambles Limited, CHEP Middle East, and Palletco LLC.

According to the research report, ""Middle East and Africa Pallet Market Outlook, 2028,"" published by Bonafide Research, the market was calculated to have USD 4.16 billion in 2022. Countries in the Middle East and Africa are adopting the usage of recycled products, which is ultimately supplementing the reduction of plastic waste. For instance, Saudi Arabia has started adopting new technologies for waste recycling purposes. Saudi Arabia itself produces 15 million tonnes of municipal waste each year, which includes plastics, glass, metals, paper, and food waste. Moreover, Saudi Arabia is working continuously on adopting new and innovative technologies to reproduce plastic products for multiple purposes, which include material handling products and services. According to the findings, the country is focusing on the establishment of a production facility for semi-finished engineering plastics. Saudi Arabia has adopted novel technologies for waste recycling management. Furthermore, the country produces around 15 million tonnes of municipal waste every year. It is planning to continue adopting new technologies in order to reproduce and recycle plastic products for material handling equipment and industrial handling equipment. This will further augment the pallet market's revenue in this region.

The Middle East pallet market grew at a moderate pace during the period 2017–2022, as a result of improvement in the Saudi economy supported by growth in both the oil and non-oil sectors. However, the on-going COVID-19 pandemic slowed down the growth of the market during the year 2020 as a result of the decline in demand during the lockdown period across the country. Despite the slowdown in the market during the lockdown period, the pallets market began to recover in the latter part of the year on the back of the reopening of commercial activities and, thus, rising industrial and commercial demand for pallets. The market revenues are anticipated to witness substantial growth in the coming years on account of strong growth in the construction, manufacturing, retail, and industrial sectors in line with the Saudi Vision 2030, which would augment the demand for pallets as the pallet helps to cut down the clutter while storing the intermediate goods or the finished products in a warehouse. Furthermore, the continued positive performance of non-oil sectors such as manufacturing and the food and beverage industry, as well as government efforts to boost domestic production and rising food exports from the country, would boost pallets market revenues across the region during the forecast period.

According to the report, the market is segmented into various material types, including wood, metal, plastic, corrugated sheeting, and others. Among them, wood pallets are leading the market in 2022, whereas plastic pallets are projected to grow at a higher CAGR by 2023–28. In the Middle East and Africa, the COVID-19 outbreak has had a major impact on the market, resulting in a drop in overall demand. Most end-use sectors have experienced a major reduction as a result of the economic slowdown and temporary shutdown of industrial bases, which is likely to have a negative impact on the biomass pellets market in the early years of the forecast period. When compared to other industrial sectors, the supply chain has been considerably less disrupted during the pandemic, which is a positive feature for the biomass pellet market.

In the Middle East and Africa, the type of pallet that is most commonly used can vary by country and industry. However, some of the most commonly used pallet types in the region include the EUR pallet, which is a standardised pallet size that is used in Europe but is also commonly used in the Middle East and Africa. It measures 1200 x 800 mm and is typically made of wood. The ISO pallet is a standardised pallet size that is used globally and is also commonly used in the Middle East and Africa. It measures 1200 x 1000 mm and is made of wood or plastic. It is commonly used in industries such as food and beverage, pharmaceuticals, and retail. In some cases, custom pallets may be used in the Middle East and Africa to meet the specific needs of certain industries or applications. Other types of pallets, including plastic and metal pallets, are also used in the region. However, wooden pallets are still the most commonly used type of pallet in many areas. In 2022, the wooden pallet segment will account for more than 80% of the market. Based on the application type, the non-rental segment is leading the market, whereas the block segment is anticipated to dominate the market by 2028.

Pallet Association:
• Middle East Wood (MEW): This is an association of wood and timber companies in the Middle East, which includes several members involved in the production and distribution of wooden pallets and packaging materials.
• South African Wood Preservers Association (SAWPA): This is an association of companies involved in the preservation and treatment of wood in South Africa, which includes members involved in the production and distribution of wooden pallets and packaging materials.
• UAE Pallet Manufacturers Association: This is an association of pallet manufacturers in the United Arab Emirates, which aims to promote the use of high-quality pallets and improve industry standards in the country.

Start-up Scenario:
• Green Pallets: Green Pallets is a start-up based in the United Arab Emirates that produces eco-friendly pallets made from recycled cardboard. The company's pallets are lightweight, durable, and designed to be more sustainable than traditional wooden pallets.
• Pallet Master: Pallet Master is a start-up based in Saudi Arabia that produces a range of pallet solutions, including custom-made pallets, plastic pallets, and pallet repair and recycling services. The company is focused on improving supply chain efficiency and reducing waste in the logistics industry.
• PALNET is a start-up based in South Africa that offers a range of pallet solutions, including rental and leasing options, custom-made pallets, and pallet repair and recycling services. The company is focused on reducing waste and improving sustainability in the logistics industry.
• Smart Pallets: Smart Pallets is a start-up based in Egypt that produces high-quality wooden pallets for various industries, including food and beverage, pharmaceuticals, and retail. The company uses advanced technology and sustainable materials to produce pallets that are both durable and eco-friendly.

Recent Developments:
• Smart Pallets, a UAE-based technology company, has developed a new IoT-enabled pallet tracking solution. The solution uses sensors and wireless connectivity to provide real-time tracking and monitoring of pallets, helping companies optimise their supply chain operations.
• CHEP, a global pallet and container pooling company, has recently expanded its operations in the Middle East region. The company has opened a new service centre in Dubai and launched several new products and services to better serve its customers in the region.
• Delta Engineering Middle East: Delta Engineering Middle East, a UAE-based manufacturer of storage systems and material handling equipment, has recently launched a new line of plastic pallets. The new pallets are made from high-quality materials and offer several advantages over traditional wooden pallets, including better durability, hygiene, and resistance to moisture and temperature changes.
• Wooden Pallets Factory: Wooden Pallets Factory, a Saudi Arabian pallet manufacturer, has recently invested in new equipment and technology to improve its production processes and increase its capacity to serve customers in the region. The company has also expanded its product offerings to include new pallet designs and sizes in response to changing customer needs.

Major Companies present in the market:
Conitex Sonoco, Cabka Group GmbH, Schoeller Allibert Services B.V., Brambles Limited, Craemer Holding GmbH, KraftPal Technologies Ltd., Emirates Pallets factory LLC, PalletBiz, Abdulaziz & Saad Al Moajil Co., Al Rashed wood product , Tranpak Deliver Innovation

Considered in this report
• Geography: Middle East & Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Middle East & Africa Power Tools market with its value and forecast along with its segments
• Country-wise Power Tools market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• UAE
• Saudi Arabia
• South Africa

By Material Type:
• Wood
• Plastic
• Metal
• Corrugated
• Others

By End Use:
• Food and Beverages
• Chemicals
• Pharmaceuticals and Healthcare
• Automotive
• Transportation & Warehousing
• Consumer goods and Retail
• Engineering
• Agriculture
• Others

By Application Type:
• Rental
• Non-rental

By Structural Design Type
• Block
• Stringer
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Pallet industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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