Pallet boxes Market Analysis: Over 50% of the Revenue to be Generated by the Plastic Pallet Box Segment in 2018, which is expected to increase further by the end of 2028
The global market for pallet boxes was valued at US$ 1,810.4 Mn in 2017 and is projected to expand at a CAGR of 4.8%, during the forecast period (2018-2028).
Pallet boxes are type of containers which are attached with a pallet base for easy lift & transportation. Pallet boxes have a wide range of applications in the storage, shipping, and distribution of heavy and bulky loads. Pallet boxes are containers generally made from wood, plastics, metal such as steel or mesh wire and paper such as cardboard or corrugated board which is used for storing & warehousing goods. One of the key factors such as easy stackability of pallet boxes which results in reduced space constraint both in warehouses as well as in shipment container is expected to drive the growth of pallet box market.
The global pallet box market is largely organized in regions such as North America and Europe whereas it is expected to witness a broader opportunity in the Asia Pacific region. The global pallet box market is expected to be largely influenced by the high demand for the processed food & beverage as well as agriculture & it’s allied industries.
In terms of material, the plastic is expected to be the most attractive material segment for manufacturing pallet boxes across the globe. As food safety compliance and reusability is a growing attraction among pallet boxes manufacturers, they are looking for sustainable material-handling options and thus, plastic pallet boxes will continue to gain acceptance in a range of markets including foods, beverages, pharmaceuticals, groceries, and others.
Drivers & Restraints
Some of the key drivers for the growth of the global pallet boxes market includes growing demand from logistic & warehousing industry across the emerging economies like India. The warehousing and logistical structure in India within the supply chain network up until a few years ago was at its infancy stage, with minimal investments for its development, relying on simple constructions for product storage and lacking technological adequacies. Today, the scenario in this segment has vastly improved as a result of brisk manufacturing activity, increased product consumption, improved overseas trade and the emergence of coordinated retailing in the country.
Major manufacturing companies in India are moving towards utilizing services provided by growing warehousing industry, by outsourcing their requirements and services to major warehouse providers. This is positively affecting growth in demand for pallet box & containers market in India, which forms the backbone of warehousing services.
The global pallet box market is expected to witness high demand from the agriculture & allied industries, construction sector, for heavy engineering applications among others. One of the key factors which are expected to act as a restraint for the growth of the global pallet boxes market is the increasing prices of raw materials which might hamper the growth in the pallet boxes market over the forecast period.
Market Taxonomy
The global market for pallet boxes is segmented as per material type, pallet type, and end use industry.
As per material type, the global pallet boxes market is segmented as follows:
- Wooden Pallet Box
- Plastic Pallet Box
- Metal Pallet Box
- Paper Pallet Box
As per pallet type, the global pallet boxes market is segmented as follows:
- Block Pallet
- Stringer Pallet
- Customized Pallet Boxes
As per end use industry, the global pallet boxes market is segmented as follows:
- Agriculture & Allied Industries
- Building & Construction
- Chemical & Pharmaceutical
- Food & Beverages
- Engineering Products
- Textile & Handicraft
- Automotive
- Other Industries
The plastic pallet box segment is expected to drive the global market in terms of revenue whereas as per volumetric analysis, the wooden pallet boxes are projected to dominate the market. Among the pallet base used, the block pallet segment is anticipated to dominate the global market during the forecast period. One of the major factors favoring block pallet type is that owners get access to moving loaded pallets from all four sides.
Competitive Landscape
Key players operating in the global market for Pallet boxes include Brambles Limited, Schoeller Allibert Services B.V., DS Smith Plc., Myers Industries, Inc., CABKA Group GmbH., Palettes Gestion Services, PalletOne, Inc., ORBIS Corporation, Dynawest Limited, Rehrig Pacific Company, Inc., TranPak, Inc.
Key Questions Answered by the Report
- What is the size of the pallet boxes market?
The pallet boxes market is expected to be valued at over US$ 3 billion by 2028. The growth rate for the pallet boxes market is estimated at 4.8% CAGR between 2018 and 2028.
- Which are the largest markets for pallet boxes?
North America and Asia Pacific excluding Japan are major market for pallet boxes. Expansion of warehousing, logistics, and transport industries in these regions, with greater international trade volumes support demand.
- Which are the top companies in pallet boxes market?
TranPak Inc., Brambles Ltd., Rehrig Pacific Co. Inc, Schoeller Allibert Services B.V., Dynawest Ltd., DS Smith plc, ORBIS Corp., Myers Industries Inc., PalletOne Inc., and CABKA Group GmbH. are among the leading market players in the global pallet boxes market.
- What are the uses of pallet boxes?
Pallet boxes are largely used to provide protection to potentially fragile contents in warehousing, logistics, and transport operations, and are particularly useful in facilities with inadequate infrastructure or technologies. These boxes are used in agriculture, construction and heavy engineering sectors as well.
- In which materials are pallet boxes available?
Pallet boxes are available in four materials – paper, wood, metal, and plastic. Wooden and plastic pallet boxes are expected to account for significant market share in terms of volume and revenue respectively.
- What is the scope of the MEA pallet boxes market?
Middle East and African countries are reflecting significant growth in logistics and transport, with the increase in trade volumes for supply chains and storage, influencing the pallet boxes market.
- What are some notable industry developments in the past few years?
In terms of structural designs customized pallets and block pallets have gained substantial traction in the past few years aimed towards manoeuvrability and security functionality. On the other hand, stringer pallets are increasingly losing favour owing to inconvenience in handling and resultant pallet damage.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the pallet boxes market research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
Yes, you can request a sample and it will be sent to you through an email.
- How can I buy this report?
FMI provides a secure online payment system to buy report seamlessly. You can buy the report securely and safely.
Key Segments Covered
By Material Type
- Wooden Pallet Box
- Plastic Pallet Box
- Metal Pallet Box
- Paper Pallet Box
By Pallet Type
- Block Pallet
- Stringer Pallet
- Customized Pallet
By End Use
- Agriculture & Allied Industries
- Building & Construction
- Chemical & Pharmaceutical
- Food & Beverages
- Engineering Products
- Textile & Handicraft
- Automotive
- Other Industries
Regional analysis is presented for following market segments:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan
- MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA
Need specific information?
In the news
by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
Talk Show:
The Rise of Intelligent Packaging
Personalized, Connected and Sustainable
Our Clients
View Our Reports from Packaging
View Reports