Summary

Wood Pallets Market Growth & Trends

The global wood pallets market size is expected to reach USD 19.89 billion by 2030, expanding at a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. This is attributed to the rapid expansion of the e-commerce, transportation & logistics, and food & beverage industries, which are driving the demand for wood pallets for the storage and transportation of goods in distribution centers and warehouses. The growing sustainability concerns are expected to support the market growth. Furthermore, wood pallets allow easy reparability, compliance with regulatory standards, customization, and cost-effectiveness compared to plastic pallets, which further increases their penetration in the global pallets market. Engineered molded wood pulp pallets are emerging as an alternative to block and stringer-type wood pallets.

These pallets are made of wood fibers and resins, which undergo high-heat compression. These pallets contribute to reducing global deforestation impact since they use wood chips instead of lumber. Since the market is mature, strong competitive rivalry is observed among players. Hence, mergers and acquisitions are observed among the market players across the global market value chain. For instance, in July 2023, Canada-based Weston Forest Products, a remanufacturer of hardwood and softwood lumber and specialty panel products, acquired pallets manufacturer, Kings Wood Products. In November 2022, Kamps Inc. acquired Realm Companies LLC. This strategic acquisition will help Kamps Inc. to expand its presence in the market. Realm Companies LLC is engaged in the manufacturing of wood pallets and recycling of pallets, which will help strengthen Kamps Inc.’s manufacturing capacity.

Wood Pallets Market Report Highlights

• The softwood segment is expected to progress with the fastest growth rate over the forecast period. Softwood is easily available and is majorly used in pallet manufacturing. Furthermore, it is cheaper compared to hardwood, which is expected to support the segment growth

• The growing global and domestic trade is expected to act as a driving factor for the consumption of wood pallets. Wood pallets fall under the critical equipment category in the supply chain of various end-use industries

• Plastic pallets are expected to pose a challenge to the growth of the market. The excellent moisture resistance exhibited by plastic pallets and high usage life compared to wood pallets will negatively impact the market growth

• In May 2023, PalletOne Inc. launched Pallet Concierge, a new management service that streamlines the pallet procurement process and provides dedicated pallet solutions to clients to resolve their requirements

• In August 2023, Niagara Pallet secured a USD 1.8 million investment from the government of Ontario. This investment will be used by the company to install new automated pallet-making equipment to expand its production capacity

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Types & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Wood Pallets Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Major Raw Material Trends
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Wood Pallets Market - Market dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environment Analysis: Wood Pallets Market
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political Landscape
3.6.2.2. Environmental Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technology Landscape
3.6.2.5. Economic Landscape
3.6.2.6. Legal Landscape
3.7. Impact of COVID-19 on Wood Pallets Market
3.8. Eastern European Geopolitical Implication Overview
Chapter 4. Wood Pallets Market: Wood Type Estimates & Trend Analysis
4.1. Wood Pallets: Wood Type movement key takeaways
4.2. Wood Pallets: Wood Type Movement Analysis, 2022 & 2030
4.3. Softwood
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.4. Hardwood
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Wood Pallets Market: Product Type Estimates & Trend Analysis
5.1. Wood Pallets: Product Type Movement Analysis, 2022 & 2030
5.2. Block Wooden Pallet
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.3. Stringer Wooden Pallet
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.4. Engineered Molded Wood Pallet
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Wood Pallets Market: End-use Estimates & Trend Analysis
6.1. Wood Pallets: End-use movement analysis, 2022 & 2030
6.2. Logistics & Transportation
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.3. Food & Beverages
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.4. Chemicals
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.5. Pharmaceuticals
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.6. Manufacturing
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.7. Others
6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Wood Pallets: Regional Estimates & Trend Analysis
7.1. Wood Pallets Market Regional Movement Analysis, 2022 & 2030
7.2. North America
7.2.1. North America Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.2. North America Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.2.3. North America Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.2.4. North America Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.2.5. U.S.
7.2.5.1. U.S. Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.5.2. U.S. Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.2.5.3. U.S. Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.2.5.4. U.S. Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.2.6. Canada
7.2.6.1. Canada Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.6.2. Canada Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.2.6.3. Canada Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.2.6.4. Canada Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.2.7. Mexico
7.2.7.1. Mexico Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.7.2. Mexico Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.2.7.3. Mexico Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.2.7.4. Mexico Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Europe Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.2. Europe Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.3. Europe Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.4. Europe Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3.5. Germany
7.3.5.1. Germany Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.5.2. Germany Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.5.3. Germany Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.5.4. Germany Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3.6. France
7.3.6.1. France Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.6.2. France Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.6.3. France Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.6.4. France Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3.7. UK
7.3.7.1. UK Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.7.2. UK Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.7.3. UK Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.7.4. UK Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3.8. Italy
7.3.8.1. Italy Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.8.2. Italy Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.8.3. Italy Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.8.4. Italy Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.3.9. Spain
7.3.9.1. Spain Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.9.2. Spain Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.3.9.3. Spain Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.3.9.4. Spain Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia Pacific Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.2. Asia Pacific Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.3. Asia Pacific Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.4. Asia Pacific Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4.5. China
7.4.5.1. China Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.5.2. China Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.5.3. China Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.5.4. China Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4.6. Japan
7.4.6.1. Japan Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.6.2. Japan Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.6.3. Japan Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.6.4. Japan Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4.7. India
7.4.7.1. India Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.7.2. India Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.7.3. India Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.7.4. India Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4.8. Australia
7.4.8.1. Australia Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.8.2. Australia Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.8.3. Australia Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.8.4. Australia Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.4.9. Southeast Asia
7.4.9.1. Southeast Asia Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.9.2. Southeast Asia Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.4.9.3. Southeast Asia Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.4.9.4. Southeast Asia Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.5. Central & South America
7.5.1. Central & South America Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5.2. Central & South America Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.5.3. Central & South America Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.5.4. Central & South America Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.5.5. Brazil
7.5.5.1. Brazil Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5.5.2. Brazil Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.5.5.3. Brazil Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.5.5.4. Brazil Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Middle East & Africa Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.6.3. Middle East & Africa Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.6.4. Middle East & Africa Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.6.5. Saudi Arabia
7.6.5.1. Saudi Arabia Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.5.2. Saudi Arabia Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.6.5.3. Saudi Arabia Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.6.5.4. Saudi Arabia Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.6.6. United Arab Emirates
7.6.6.1. United Arab Emirates Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.6.2. United Arab Emirates Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.6.6.3. United Arab Emirates Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.6.6.4. United Arab Emirates Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
7.6.7. South Africa
7.6.7.1. South Africa Wood Pallets Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.7.2. South Africa Wood Pallets Market Estimates and Forecasts, By Wood Type, 2018 - 2030 (USD Billion)
7.6.7.3. South Africa Wood Pallets Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Billion)
7.6.7.4. South Africa Wood Pallets Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
Chapter 8. Food Packaging Market: Competitive Analysis
8.1. Key Global Players, their Initiatives, and Their Impact on the Market
8.2. Participant Categorization
8.3. Vendor Landscape
8.3.1. List of key distributors & channel partners
8.3.2. Key customers
8.4. Public & Private Companies
8.4.1. Company Market Position Analysis
8.4.2. Company Heat Map Analysis
8.4.3. Company Market Share Analysis
Chapter 9. Company Profiles
9.1. Participant Overview
9.2. Financial Performance
9.3. Product Benchmarking
9.4. Strategy Mapping
9.4.1. Kronus LTD
9.4.2. Kamps Inc.
9.4.3. UFP Industries, Inc.
9.4.4. TREYER PALETTEN GMBH
9.4.5. CHEP
9.4.6. Mid Cork Pallets & Packaging
9.4.7. Hazelhill Timber Products
9.4.8. SAS GROUP
9.4.9. The Nelson Company
9.4.10. PECO Pallet
9.4.11. Hi-Tech Innovations
9.4.12. M/s JAY WOOD INDUSTRY
9.4.13. NEFAB GROUP
9.4.14. LEAP
9.4.15. Palette Deutschland
9.4.16. Hangzhou Penno Packtech Co., Ltd.
9.4.17. Renqiu Hongfei Wood Industry Co., Ltd
9.4.18. SATO Company
9.4.19. PalettenWerk
9.4.20. Archimbaud group