Wilmington, Delaware, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Global Pallet Pooling Market is valued at US$ 6.2 billion in 2022 and is expected to grow at a significant CAGR of over 5.3% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Pallet pooling saves money over typical pallet ownership. Instead of purchasing and maintaining pallets, businesses can rent or lease them, lowering upfront expenditures and eliminating repair and replacement costs. Pallet pooling aids in the optimization of supply chain processes. It assures a consistent supply of high-quality pallets while reducing disruptions caused by pallet shortages, damage, or the need to manage pallet logistics.
Pallet pooling helps with sustainability projects. Reusable pallets reduce waste while also promoting circular economy practices, making them desirable to environmentally aware customers and enterprises. It frequently entails the use of standardized pallets, which helps to streamline warehouse operations, shipping, and storage. This standardization improves efficiency across the supply chain.
- According to a deep-dive market assessment by RationalStat, the global Pallet Pooling market has been analyzed on the basis of market segments, including on type, material, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Pallet Pooling market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units/Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Pallet Pooling market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Pallet Pooling Market: Segmental and Market Share Analysis
- On the basis of application, over the forecast period, the food and beverages segment are expected to account for one-third of overall market share. Because of rising packaged food consumption worldwide.
- On the basis or material, during the forecast period, the wood segment is expected to account for 55% of total market share. Wood pallets remain the most preferred material in comparison to other materials such as metal and composites.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 6.2 billion |
| Market Size Forecast | US$ 9.4 billion |
| Growth Rate | 5.3% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players and suppliers operating and contributing significantly to the global pallet pooling market growth include Buckhorn, Contraload NV, iGPS Logistics LLC, Litc-International, Faber Halbertsma Groep B.V., Schoeller Arca Time Materials Handling Solutions Limited, Brambles Limited, Demes Logistics GmbH & Co. KG, Loscam Australia Pty. Ltd., CABKA Group among others.
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RationalStat has segmented the global pallet pooling market based on type, material, application and region
- Global Pallet Pooling Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Type
- Stackable
- Rackable
- Nestable
- Others
- Global Pallet Pooling Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Material
- Wood
- HDPE
- Corrugated Paper
- Metal
- Others
- Global Pallet Pooling Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Application
- Food and beverages
- Pharmaceuticals
- Electronics
- Textile
- Others
- Global Pallet Pooling Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Region
- Global Pallet Pooling Market Value (US$ Million), Volume (Units/Tons), and Market Share (2019-2030) Analysis by Material
- North America Pallet Pooling Market
- US
- Canada
- Latin America Pallet Pooling Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Pallet Pooling Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Pallet Pooling Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Pallet Pooling Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Pallet Pooling Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Pallet Pooling Market
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Key Questions Answered in the Pallet Pooling Report:
- What will be the market value of the global pallet pooling market by 2030?
- What is the market size of the global pallet pooling market?
- What are the market drivers of the global pallet pooling market?
- What are the key trends in the global pallet pooling market?
- Which is the leading region in the global pallet pooling market?
- What are the major companies operating in the global pallet pooling market?
- What are the market shares by key segments in the global pallet pooling market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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