Pallet Pooling Market

2019 Analysis and Review of Pallet Pooling Market by Material - Wood, Composite, Plastic, Steel, and Other Metals for 2019 - 2029

  • 2020-02-05
  • REP-GB-3671
  • 32 Tables
  • 147 Figures
  • 190 pages
  • PDF PPT EXCEL
Pallet Pooling Market
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Pallet Pooling Market Value to Hit US$ 7 Bn Mark in 2020

Pallet pooling is gaining good reputation as it optimizes supply chain management, which, in turn, results in efficient operational lead time. With several industries such as FMCG, F&B, and consumer electronics in the constant hunt for cost-cutting solutions in tandem with enhanced lead time, worldwide revenue of the pallet pooling market will exceed US$ 7 Bn by 2020 end. This new FMI study projects a promising growth trail of the global pallet pooling market over 2019-2029.

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Frequently Asked Questions about Pallet Pooling Market

Which market dynamics will affect the growth of the pallet pooling market?

Pallet producers are relying on automated loading/unloading of pallets to increase the efficiency of pallet pooling. Tracking chips (RFID) are being embedded in pallets as most end users need their products to be tracked. With growing government regulations for the development of a circular economy, increase in the recovery, reuse, and recycling of pallets is a positive trend. All this factors are responsible for driving the growth of the global pallet pooling market.

Which application area holds potential growth opportunities for market players?

While the FMCG sector continues to influence growth strategies, as it holds significant share in the global pallet pooling market, the demand for hygienic pallets is growing. Hygiene pellets are experiencing significant momentum in pharmaceutical and food & beverage industries. The food & beverage industry is projected to lead market growth, owing to increasing packaged food consumption in North America and Europe.

Which region will lead the global sales of pallet pooling?

North America remains at the forefront of the global pallet pooling market, owing to increasing number of warehouse operators who prefer pallet pooling for the transportation of materials as well as packaged food, which is highly consumed in the region. North America, followed by Europe, is anticipated to have prominent share in the pallet pooling market, owing to the increasing number of industrial activities.

What is the degree of competition in the pallet pooling market?

The global pallet pooling market has a limited number of market participants, and thus, is highly consolidated. In the current scenario, company leaders such as CHEP (subsidiary of Brambles), Faber Halbertsma Group, and Euro Pool Group hold a prominent share of the total revenue in the pallet pooling market space.

Wood and Plastic - Materials of Choice

Wood and plastic will remain the material of choice for manufacturing pallet pooling. Pallet pooling derived from wood continues to capture a higher demand share as compared to other materials such as steel and composites. Further, the sales of wood pallet pooling will surpass the US$ 6 Bn mark during the latter half of the forecast period. Preferred for its durability and cost efficiency, disposable plastic pallet pooling is likely to witness notable upsurge in its revenue share in the global pallet pooling market in the near future.

Developed Regions Capture over 60% Share

By capturing a collective share of over 60% of overall consumption, North America and Europe continue to lead the pack in the global pallet pooling market. The growth potential in these developed regions is primarily attributable to the burgeoning digital commerce ecosystem and surging industrial output. The U.S. and France lead the developed regional pallet pooling markets of North America and Europe, respectively. On similar grounds, market players are also tapping white spaces in Asia, particularly Japan and ASEAN countries, where the pallet pooling market will register revenue of around US$ 2 Bn by 2029 end.

* This data is only a representation. Actual data may vary and will be available in report.

Developed Regions Capture over 60% Share
Developed Regions Capture over 60% Share
Developed Regions Capture over 60% Share
Developed Regions Capture over 60% Share
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

RFID Tags for Improved Supply Chain Management

Market players are integrating radio frequency identification (RFID) tags with plastic pallets for efficient supply chain monitoring as well as proper management of pallet transportation and supply. With information stored in a microchip and transmitted via a transponder, RFID tags ensure traceability throughout the entire supply chain, right from the distribution or rental service centers to the end-use customers. Intelligent Global Pooling Systems (iGPS) Logistics LLC, for instance, was the first pallet company to incorporate RFID tags into its pallets to simplify its supply chain management.

High preference for block design

Stringer design to witness steady adoption

Wood accounts for higher market share

Plastic to see substantial demand growth

FMCG remains key end-use industry

Demand from food & beverages on the rise

How Growth will Unfold

As warehouses are an integral aspect in the fast-moving consumer goods (FMCG) industry, the adoption of pallet pooling in this end-use industry will remain prominent over the next decade. In 2019, pallet pooling worth US$ 2.2 Bn was consumed by the FMCG industry. Players in the pallet pooling are also dedicating a significant slice of their investments in the food & beverage and pharmaceutical sectors. The usage of pallet pooling in both these industries is expected to capture nearly half of overall demand.

Pallet Pooling Market Adoption Analysis, 2019 (E)

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Pallet Pooling Market Analysis 2019-2029

A recent market study published by FMI on the pallet pooling market includes global industry analysis for 2014-2018 and opportunity assessment of 2019-2029, and delivers a comprehensive assessment of the market dynamics. After thorough research on the historical as well as current growth parameters of the pallet pooling market, the growth prospects of the market are obtained with maximum precision.

Pallet Pooling Market Taxonomy

Structural Design

  • Blocks
  • Stringers
  • Customized

Material

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

End User

  • FMCG
  • Food & Beverages
  • Pharmaceuticals
  • Electronics
  • Chemicals
  • Others 

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

The report initiates with the executive summary of the pallet pooling market, which includes a summary of key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the pallet pooling market. The executive summary also gives FMI analysis and recommendations.

Readers can find the definition and a detailed taxonomy of the pallet pooling market in this chapter, which will help them understand basic information about the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the pallet pooling market report.

The pallet pooling market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section. This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.

This section explains the global market value analysis or market size and forecast for the pallet pooling market in the forecast period of 2019-2029. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).

This chapter explains key macro-economic factors that are expected to influence the growth of the pallet pooling market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain and forecast factors for the pallet pooling market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

Based on structural design, the pallet pooling market is segmented into block, stringer, and customized. In this chapter, readers can find information about the key trends and developments in the pallet pooling market and market attractiveness analysis based on structural design.

This chapter provides details about the pallet pooling market based on material, and has been classified into wood, composite, plastic, steel, and other metals. In this chapter, readers can understand the market attractive analysis based on material.

The pallet pooling market is segmented on the basis of end use into FMCG, food & beverages, pharmaceuticals, electronics, chemicals, and others. In this chapter, readers can find information about the key trends and developments in the pallet pooling market and market attractiveness analysis based on end use.

This chapter explains how the pallet pooling market will grow across various geographic regions including North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

This chapter includes deep dived analysis on the basis of segments to the country level of the U.S and Canada.

This chapter provides the growth scenario of the pallet pooling market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the pallet pooling market based on its end use in several countries such as Germany, Italy, France, Spain, the U.K., Benelux, Russia, and Rest of Europe are included in this chapter.

This chapter highlights the growth of the pallet pooling market in East Asia by focusing on China, Japan, and South Korea.

This chapter includes the analysis of pallet pooling market in India and ASEAN, which are prominent countries in South Asia.

This chapter includes the analysis of the pallet pooling market all over Australia and New Zealand.

Growth of the pallet pooling market in MEA by focusing on South Africa, Turkey, GCC countries, and the rest of MEA.

Some of the market players featured in the report are Loscam Australia Private ltd, Euro Pool Group, CHEP, Faber Halbertsma Group, and LA Palette Rouge., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the pallet pooling market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the pallet pooling market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • Pallet Central
  • Industry Associations
    • National Wooden Pallet & Container Association
    • Western Pallet Association
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits pallet pooling market designation

Primary Interview Splits pallet pooling market stakeholders

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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