Pallets Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
The global pallets market size was valued at $57.4 billion in 2010, and is projected to reach $130.5 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032. Pallets are a tertiary form of packaging that can be used for stacking, storing, protecting, or transporting of goods in supply chains. It is utilized as a base for unitization of goods for logistics and warehousing. Moreover, pallets can be manufactured using materials such as wood, plastic, metal, and corrugated paper, which can be handled using material handling equipment such as forklifts, pallet jacks, or conveyors. Pallets find applications in nearly all supply chains including industries such as chemicals, food & beverage, retail, and others. Market Dynamics The unprecedented growth in e-commerce industry is expected to